America’s New Oil Boom Neutralizes Saudi Arabia, Nigeria, and Russia!
In a recent NYTimes article by Clifford Krauss entitled, “Oil Boom Gives the U.S. a New Edge in Energy and Diplomacy”, the author outlines the unexpected rise of America’s shale drilling to make us the number one oil/gas producing nation in the world.
Since 1970, Americans have been held hostage to Saudi Arabia’s predetermined leadership in oil production to such an extent that often Americans experienced occasional contrived oil shortages in order to boost the price of oil on the world markets. Today, we are the leaders of oil/gas production going back to 2014.
As the article points out that “after a painful shakeout in the industry that included scores of bankruptcies and a significant loss of jobs, a steadier shale-drilling industry was arising, anchored by better-financed companies.”
What was unusual about this NYT article is that they went out of their way to point out that this phenomena had NOTHING to do with POTUS Obama!
Congrats to the NY Times!!
America is the mother of entrepreneurship and technological innovation created in fast time. In any other country, the new techniques for drilling and managing the oil pipe lines would have taken decades to implement. Now we have become the number one oil and gas producers in the world, surpassing Russia [gas], Saudi Arabia[oil], and Nigeria[oil].
In terms of diplomacy, Saudi Arabia has absolutely no more leverage over the USG as it had for over the past fifty years. In those 50 years, the fakirs who led that ersatz country of converted Jews [ to Sunni Arabs] were able to create in concert with our antiquated CIA abhorrent terrorist groups like Al Qaeda, ISIS, and of course the false flag attack on 9/11.
This year we are expected to produce over 10 million barrels of oil with minimum disruption of the environment [crucial]. The reason for this new American emergence is:
“Shale fields can be developed relatively quickly and at modest costs relative to the giant projects… that were once favored by big oil companies. That makes It easier to turn investment spigots on or off to adjust to market fluctuations.”
Most of the shale oil drillings occur in West Texas, New Mexico and North Dakota. Now these states can override the political turmoil of Venezuela, Libya, and Nigeria as well as storms and natural disasters in the North Sea and in the Gulf of Mexico. More importantly, this surge in power allows us to back off from military interventions if tensions mount between Iran and Saudi Arabia, or even Israel and Iran. We are militarily safer and diplomatically the “King of the Mountain”.
September 1860, quote from the California Fireside Journal:
“Had it not been for the discovery of the coal oil, the race of whales would soon have extinct.”
And Wallace Pratt, 1885:
“Where oil is first found is in the minds of men.”