Tag Archives: producer

PR at its Worst: IEA Spins Oil Stats to Make US Top ‘Oil’ Producer

Posted on by

I’ve said it before, but it needs to be said again: The US is not overtaking Saudi Arabia as the world’s largest producer of oil. Here’s what everyone needs to know:

•    This is a trick of numbers: We cannot compare total combined liquid hydrocarbons produced by the US with Saudi Arabia’s strictly crude oil production.

•    The International Energy Agency (IEA)—from whence these numbers originate–is by no means an independent energy body: It has motive and agenda, and it deals mostly in PR

Read more:  http://tinyurl.com/auwcmdm  

US could soon overtake Saudi Arabia as world’s biggest oil producer; output is booming

Posted on by

NEW YORK,N.Y.-U.S.oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world’s biggest producer.

Driven by high prices and new drilling methods,U.S.production of crude and other liquid hydrocarbons is on track to rise 7 per cent this year to an average of 10.9 million barrels per day. This will be the fourth straight year of crude increases and the biggest single-year gain since 1951.

Read more: http://tinyurl.com/9o8vet2