On Sun, Dec 21, 2014 at 11:47 PM, 'Chris de Morsella' via Everything List < [email protected]> wrote:
> When the research arm of an investment house is leading the booster > charge – “America the Saudi Arabia of Shale” etc. and is knowingly using > these false projections > What in the world was false about those projections? In the USA oil production 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. > The Saudi’s will cash in Explain to me how the Saudi's will make more cash when oil is selling at $60 a barrel then it did when it was selling at $130 a barrel. Is this some new form of mathematics? John K Clark -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/everything-list. For more options, visit https://groups.google.com/d/optout.
