October 16, 2013
The news released is that U.S. has surpassed Saudi Arabia as the largest producer of oil and gas. As the U.S. jumps on the news the question leads to is this enough for energy independence. The news says the “U.S. surges past Saudis to become world’s top oil supplier -PIRA” with an output of 3.2 million barrels per day (bpd) since 2009 including, natural gas liquids and biofuels.
This rapid and fast expansion is due to the refocus on oil and gas converting to the natural gas solution and easing off of clean energy.
“It was the latest milestone for the U.S. oil sector caused by the shale revolution, which has upended global oil trade. While still the largest consumer of fuel, the rise of cheap crude available to domestic refiners has turned the United States into a significant exporter of gasoline and distillate fuels. Last month, China surpassed the United States as the largest importer of crude, according to the U.S. government, as the rise of domestic output cuts the U.S. dependence on overseas oil.”
“(The U.S.) growth rate is greater than the sum of the growth of the next nine fastest growing countries combined and has covered most of the world’s net demand growth over the past two years,” PIRA Energy Group wrote. The U.S. position as the largest oil supplier in the world looks to be secure for many years,” it added.”
This is good news but the goal is to not ride the wave but plan for the new wave and boost clean and natural gas, as well as other alternative methods to unleash a robust energy mix to supply the increasing demand. Further supporting infrastructure to expand on smart grid to enjoin technological leaps.