[ExI] A paranormal prediction for the next year

Dave Sill sparge at gmail.com
Wed Jan 14 17:04:55 UTC 2015

On Wed, Jan 14, 2015 at 10:59 AM, John Clark <johnkclark at gmail.com> wrote:

> The only way the Saudis could drop oil prices is to increase production,

Why couldn't they (Saudis or OPEC) just sell their oil for a (slightly)
lower price?

> and they haven't done that,  Saudi Arabian oil production renamed
> constant. It was the USA that embraced fracking technology like no other
> country in the world and as a result oil production in the USA rose by more
> than half a million barrels per day between 2007 and 2011 to the highest
> level in 15 years, and in that same year the USA exported more gasoline and
> diesel than it imported for the first time since 1949.  And in 2012 USA oil
> production increased by another 760,000 barrels a day, the largest yearly
> increase since records about oil production started in 1859. But incredibly
> 2013 beat even that record, oil production in the United States rose by
> another 992,000 barrels a day! And in 2014 the USA overtook Saudi Arabia to
> become the largest producer of oil on planet Earth, it was already the
> largest natural gas producer in the world and has been since 2010.

Wow, I didn't know that. Thanks.

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.extropy.org/pipermail/extropy-chat/attachments/20150114/cfa4fd76/attachment.html>

More information about the extropy-chat mailing list