|Shale Oil Boom is Fueling America’s Emergence as The World’s Largest Oil Producer|
|keywords: Shale Oil Oil Producer Shale Oil Revolution oil imports|
The United States is currently in the middle of a never-seen-before shale oil boom, which is fueling our energy sector’s rapid growth and our emergence as one of the most dominant players in the international oil market.
Currently, our oil output it at a record high of 8 million barrels per day. The number is expected to increase to nearly 15 million barrels per day in the coming years.
This means that Iran’s antics are not frightening anymore. This means that the fake religion following Iran cannot cause an oil price disturbance like they have done before.
We know the Democrats don’t want a powerful America to exist despite this world needing a powerful America or this world would descend into a nightmare. Democrats only care about power – they don’t care if Iran and Saudi Arabia fight or if Pakistan attacks India with nuclear weapons or if ISIS shoots up American neighborhoods like what happened every other month when that American hating and job killing Obama was president.
The Shale Oil Revolution in the United States
The US is by far the largest oil producer in the world today – ahead of countries like Russia and Saudi Arabia. We even managed to overtake Saudi Arabia as the largest exporter of crude and oil products for a brief period of time in June.
Though the top spot was reclaimed by Saudi Arabia in July, we are expected to permanently overtake them and become the world’s top exporter of crude oil in the near future.
Reports say that the Permian Basin in Texas, which is currently producing nearly 5 million barrels per day, is expected to increase its output to 7.5 million barrels per day in the next few years. When it happens, our overall output is likely to increase to 15 million barrels per day, asserting our dominance over Russia and the OPEC nations.
Shale Oil Boom’s Role in Reviving Our Economy
America’s rise as an oil producer can be attributed to a number of factors – large deposits of oil shale, cutting-edge fracking technology, and a favorable regulatory environment.
Fracking, in particular, has played a tremendously important role in reviving our energy sector and our economy as a whole. Data shows that fracking has created nearly 3 million jobs and added billions of dollars to state and federal government revenues in the past decade.
Most importantly, fracking has greatly reduced our dependence on oil imports from the OPEC, which used to cost us nearly $450 billion every year. Today, the tables have turned. We are not only the top oil producer in the world, but are also on our way to becoming the top exporter of crude oil in the world in the very near future.
Such a dramatic turnaround would have been impossible without the shale oil boom, which was entirely made possible by fracking.
Unlike Germany, which failed to meet its emission targets despite spending nearly $150 billion in renewable energy, we have actually reduced our emission levels greatly by increasing our consumption of natural gas. America also has clean coal technology which is amazing as well.
In other words, much to the chagrin of liberals, fracking has not only made our economy thrive, but also made our country a cleaner place to live in!
The Germans are lead by idiots like Elizabeth Warren and AOC.
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