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US set to become BIGGEST oil producing nation

OPEC supplier Saudi Arabia also increasing crude production, but US set to overtake due to tremendous development in shale oil extraction

Seraphim Hanisch

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For decades, the common thought about the United States was that its glory days of being the number one producer of oil were long over. Indeed, the current narrative in the US about gas prices is usually based on the uptick or downtick of suppliers from the OPEC cartel.

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A report from the Bloomberg news service on July 11 indicated a surprising prediction: that the US is set to become the world’s largest oil producing nation once again:

The U.S. government sees oil production further climbing next year even amid transportation logjams in the country’s most prolific shale play.

The Energy Information Administration sees U.S. crude output averaging 11.8 million barrels a day in 2019, up from its 11.76 million barrel a day estimate in the June outlook.

“In 2019, EIA forecasts that the United States will average nearly 12 million barrels of crude oil production per day,” said Linda Capuano, Administrator of the EIA. “If the forecast holds, that would make the U.S. the world’s leading producer of crude.”

U.S. crude output has remained above the 10-million-barrel a day mark since February. That’s while Saudi Arabia told OPEC it pumped about 10.5 million barrels of crude a day last month as the kingdom sought to cap rallying prices by ramping up output, according to people familiar with the matter.

Concerns linger over the worsening bottleneck in the biggest U.S. shale region, the Permian Basin, and how that might affect domestic output in the second half of the year. Due to limited pipeline transportation in the region, production may start to slow in the area, according to Scott Sheffield, the chairman of Pioneer Natural Resources Co. “We will reach capacity in the next 3 to 4 months,” he said in June.

The EIA left its average domestic output forecast for this year unchanged at 10.79 million barrels a day, above the 1970 record of 9.6 million a day, according to the agency’s Short-Term Energy Outlook released on Tuesday. Its global crude production forecast for next year was raised to 102.54 million barrels a day from a previous forecast of 102.21 million a day. The agency’s world demand growth estimate for 2019 was lowered.

EIA revised forecast for US crude oil output into 2019.

This news has gotten international attention, since oil is such an extremely important commodity. China’s Xinhua news network also remarked on this prediction:

The Organization of the Petroleum Exporting Countries (OPEC) crude oil production averaged 31.9 million barrels per day in June.

Although the OPEC and non-OPEC participants agreed on November last year to extend the production cuts through the end of 2018 in order to reduce global oil inventories, tightening market conditions led the group to relax the production cuts starting this month.

EIA expected that OPEC crude oil output will decrease by less than 0.1 million barrels per day on average in 2019, which reflects crude oil production increases from some producers that mostly make up for expected declines of more than 1.0 million barrels per day in Iran and Venezuela combined.

Meanwhile, EIA forecasts that total U.S. crude oil and petroleum product net imports will fall from an annual average of 3.7 million barrels per day in 2017 to an average of 2.4 million barrels per day in 2018 and to an average of 1.6 million barrels per day in 2019, which would be the lowest level of net imports since 1958.

This prediction amounts to a greater than 50% reduction in oil imported to the US, and this also marks a major step towards the vaunted goal of American energy independence.

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John MasonHamletquesthestroyNicole Templepaz_y_justicia Recent comment authors
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John Mason
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John Mason

Obviously the US doesn’t care about the environmental damage fracking creates and when the US can’t produce any safe agriculture and their meat industry is also polluted then what. Invade other countries and turn their territory into a lunar landscape? The global community needs to resist this shale oil from the US because in the long run when the US runs out of shale then who is the next victim?

Hamletquest
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Hamletquest

Yes. The future’s bleak the future’s fracking orange. With Agent Orange telling the Germans to buy more US LNG and pay more for the pleasure of that and the Empires increased tribute payments up 100% to 4% of GDP for NATO cover. Which has always translated to paying for the privilege of making yourself a target shield for Uncle Sam. Welcome to the Hotel POTUS where deals are made and dreams [well they’re for the rich] he sure knows how to strike a tariff deal. All those really low paid sweatshop jobs coming home from China? While the cheep stuff… Read more »

hestroy
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hestroy

This article has very poor quality. Repeating of official propaganda.

Nicole Temple
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Nicole Temple

Here is an interesting look at the link between Big Banking and Big Oil:

http://viableopposition.blogspot.ca/2018/05/how-banks-invest-in-dirty-energy.html

Despite their protestations and promises to reduce their carbon footprint, the global banking sector has not shied away from lending to projects that will increase the global output of extreme fossil fuels, including shale oil, that are responsible for increased greenhouse gas output.

paz_y_justicia
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paz_y_justicia

THE SHALE OIL PONZI SCHEME EXPLAINED: How Lousy Shale Economics Will Pull Down The U.S. Economy

Few Americans realize that the U.S. economy is being propped up by the Shale Oil Industry. However, the shale oil industry is nothing more than a Ponzi Scheme, so when it collapses, it will take down the U.S. economy with it. Unfortunately, the reason few Americans understand how lousy the economics are in producing shale oil and gas is due to the misinformation and propaganda being put out by the industry and energy analysts.

ghartwell
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American energy independence means that they can leave the rest of the world alone and still maintain their auto-driving life style, run their air conditioners and leave the lights on.

Daisy Adler
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Daisy Adler

So what?
US consumes more energy than it produces.
In 2018, the US exports 7,818,000 barrels per day, but imports 10,312,000 barrels per day.
Deficit: 2,494,000 barrels per day
https://www.eia.gov/dnav/pet/pet_move_wkly_dc_NUS-Z00_mbblpd_4.htm

Charles Pettibone
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Charles Pettibone

I’m glad The Duran posted this article. It’s good to see a piece favorable to the US, as an American nationalist who admires Russia and Putin and wants to see a restrained foreign policy predicated on realism and national interest rather than liberal ideology. Unfortunately, on the international scene, I see many folks conflating US foreign policy since 2001 with the US as a nation. America is a great nation and Americans love their nation just like Russians and Chinese love theirs. What Americans want is a healthy and productive economy with a long future. It’s odd to see Duran… Read more »

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Foolish French President Macron tests Trump’s patience (Video)

The Duran – News in Review – Episode 149.

Alex Christoforou

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US President Donald Trump was ridiculed for his nationalist agenda by the very unpopular, globalist French President Emmanuel Macron, in a very public display of disrespect towards the United States and its president.

Macron, in front of world leaders brought together to commemorate the end of World War I, thought it wise to chastise Trump for his ‘America first’ policy, stating that nationalism was “tearing the world apart.”

Trump did find Macron’s smart ass tone to his liking, tweeting out his feeling the minute he landed stateside by reminding his European peers who pays the bills to keep the peace on the continent.

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris reflect on Macron’s diplomatic gaffe, which Trump is unlikely to forget anytime soon.

Macron showed his boyish diplomatic skills, for which a man like Trump will make sure a heavy price is paid. The French President will certainly be at the receiving end of a very public and embarrassing dressing down at the hands of Donald Trump.

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Via Zerohedge

What was supposed to be a solemn visit to honor the 16 million soldiers who died during World War I alongside a coterie of world leaders in Paris was overshadowed by a mini-scandal surrounding President Trump’s missing an Armistice ceremony at an American military cemetery for purely cosmetic reasons (Trump reportedly didn’t want to get his hair wet during the ceremony which was held in pouring rain, though the White House maintained that he missed the beginning of the ceremony for security purposes).

Given the media’s focus on Trump’s purported vanity at the expense of nearly every other detail from Trump’s visit, it’s hardly surprising that the president has returned to the US rather agitated, and decided to lash out at his European partners in a series of tweets Monday morning.

While he said that his meetings with fellow world leaders were productive, Trump noted that it’s “never easy” to raise the issue that the US foots most of the bill for military protections in Europe thanks to its outsize shouldering of the cost burden of funding NATO.

Adding insult to injury, the US is paying “hundreds of billions of dollars” for the privilege of “losing hundreds of billions of dollars” with these countries on trade. Trump demanded that, going forward, the US must be treated fairly on military spending and trade.

It is time, Trump said, for these countries to either pony up, or find a way to start protecting themselves.

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Midterm Elections: A Disaster Denied, and What is Coming

The Democrats intend to mount a non-stopping offensive against the President.

The Duran

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Authored by Jeremiah Johnson (nom de plume of a retired Green Beret of the United States Army Special Forces ) via SHTFplan.com:


Before the 2016 Presidential Election, and both before and after the inauguration, I wrote specifically about how important the midterm election would be, and the results if the President should lose even one House of Congress.  That happened: the Republicans just lost the House of Representatives. Now that the Democrats control it, not one piece of legislation will pass that is on the President’s agenda. In the supreme act of denial, the Republican party claims the “Blue Wave” was not successful; even the President declared a “victory” with the midterms.

Nothing could be further from the truth, on either count.

The Democrats intend to mount a non-stopping offensive against the President. First, they are going to demand that Mueller go on the attack again. They are already demanding the President’s tax returns. On Thursday, 11-8-18, thousands of people marched in Times Square in New York City in protest of Jeff Sessions’ departure from the White House…although Sessions was the one who tendered a letter of resignation. The mob of protesters carried mass-produced “No one is above the law” placards and signs.

Not one of those Marxists carried those signs when former Secretary of State Hillary Clinton resigned after Benghazi, where a U.S. Consular Outpost of the United States was destroyed, and the U.S. Ambassador and four of his staff murdered.

“Happy Veterans’ Day” is coming up, with the cliché eternal: “Thank you for your service.”

Nobody really cares about it, except the vets. Those who have to work receive time and a half for their pay, and Hallmark makes about another $50 million or so on the cards and gifts…about $10 million of that for the Government to “re-ingest” with the taxes….another day on the endless cycle:

The cycle of spending of disposable income, an indispensable part of the economy and all of the governmental employees on paid federal holiday, solemnly dispensed of at the expense of (to paraphrase Metallica) the government’s “disposable heroes.”

Where were the protests in the streets after Benghazi? Everybody was hidden, because at the time we were under Obama. When Donald Trump was elected President, a “hiatus” was granted from the nonstop march toward socialism/communism that reached a zenith as never before. Now that hiatus is shrinking, as the Communists and Marxists begin new offensives under their playbook “Rules for Radicals,” offensives targeting every area of the society.

Their plan should be obvious: to keep the President “backpedaling” and the economy faltering, in order to set the stage for the 2020 election. All of this I have written about before, and it came to pass with the Midterm elections. If they keep the President on the defense and keep pushing the “social issues,” it will render his administration ineffective…not delivering the change back toward the right that the voters wanted to see in 2016.

The Wall Street Journal published a piece on November 9 entitled Democrats plan to pursue most aggressive gun-control legislation in decades.” They have been receiving plenty of help on this one, with the Synagogue shooting in Pittsburgh, and the recent murders by a former Marine last week. Here they come again! All of the legislators…with armed protectors paid for by you, mind you…clamoring for the guns. Here’s a piece of it for you:

Democrats say they will pass the most aggressive gun-control legislation in decades when they become the House majority in January, plans they renewed this week in the aftermath of a mass killing in a California bar. Their efforts will be spurred by an incoming class of pro-gun-control lawmakers who scored big in Tuesday’s midterm elections, although any measure would likely meet stiff resistance in the GOP-controlled Senate. Democrats ousted at least 15 House Republicans with “A” National Rifle Association ratings, while the candidates elected to replace them all scored an “F” NRA rating. “This new majority is not going to be afraid of our shadow,” said Mike Thompson, a California Democrat who is chairman of the House Gun Violence Prevention Task Force. “We know that we’ve been elected to do a job, and we’re going to do it.”

Now of course the argument to this rationale will be that the Senate is needed before a law passes. Yes, we all watched “Schoolhouse Rock” and learned about the three-party system of checks and balances. The problem?  Nothing was accomplished when the Republicans held both houses of Congress, and the Reds and Blues counter one another, and more:

The Democrats’ strategy is not to pass any laws: it is to stir up public controversy, win support of the “Zero” generation, and either force actions through the “tyranny of the majority,” or make it so horrible an arena that it detracts from or prevents any positive efforts and actions from the administration…setting the stage for the 2020 election.

Ocasio-Cortez just entered the House of Representatives at the “sage/sagacious” age of 29, and she is a self-described “democratic socialist” who favors single-payer healthcare, gun control, abolishing border controls, and declared that she would support the impeachment of the President. She was also part of Bernie Sanders’ campaign movement in 2016.

Lenin espoused some “gems” that should be considered. Here is one that falls in line with the “newly discovered wonderful possibility of socialism” the Zero-generation and twenty-somethings have fallen in love with hook, line, and sinker:

“The goal of socialism is communism.”

New York just placed a “democratic socialist” in the White House…a declared socialist, among all of the hidden Marxists camouflaged under the “progressive” or “democratic” monikers.

Gun control, coming at us once again, and once more, a quote from Lenin for you:

“Disarmament is the ideal of socialism. There will be no wars in socialist society; consequently, disarmament will be achieved. But whoever expects that socialism will be achieved without a social revolution and the dictatorship of the proletariat is not a socialist. Dictatorship is state power based directly on violence. And in the twentieth century – as in the age of civilization generally – violence means neither a fist nor a club, but troops. To put “disarmament” in the program is tantamount to making the general declaration: “We are opposed to the use of arms.” There is as little Marxism in this as there would be if we were to say: “We are opposed to violence!” – Lenin, “The Disarmament Slogan,” from October of 1916

The next two years should be interesting, to say the least. Keep in mind: the President is not throwing in the towel, however, he has one more year to turn the tide…before he has to campaign. There is still another way, though: I mentioned it in the last article that I wrote. Bush Jr. used this technique successfully when he was trailing Kerry in the polls. Margaret Thatcher used this technique when she was about to be shown the door, and turned it around, remaining in office.

The “technique” is a war, whether a “quickie” (such as the Falklands War…Malvinas, if you prefer), or a protracted one (Iraq “II” where victory was declared within months of started, and it was achieved…with the decades and a half of Military Industrial Complex contracts…and the transition of the United States into a Surveillance and Police State).

The technique is a war, and if you keep abreast of what is going on, you will see that Russia and China are gearing up for a war, the nations are “decoupling” themselves incrementally from the dying fiat-backed Petrodollar, and North Korea is once again raising itself as a nuclear threat (on its own, or encouraged by one or more nations). A war could either suspend elections, or propel the incumbent into a victory based on the populace’s perception of what they need. Remember this last quote from Lenin, and let it sink in good:

“A standing army and police are the chief instruments of state power.” – Lenin, State and Revolution, 1917

The ultimate truth: the elections are akin to the Stock Market, the Dow-Jones Industrial Average. It doesn’t matter how many shares are bought or sold, as long as there are fluctuations and flux. The winners are the brokers, who pocket their commissions on every trade…a sell or a buy. The same exists here. The blue donkeys versus the red elephants. The “tribalism” of men, and their needs of a social order…a cohesive social grouping that reflects what they believe in…is exploited to its maximum advantage. All the while, the paradigm shifts almost imperceptibly, until before you know it….twenty years have elapsed, and you are not looking at the same country anymore.

The “art” is to make the people think they will be getting what they want…dupe them into believing it is something good, when it’s not. It took the blood of heroes to form and defend this nation.  The downfall is precipitated by traitors from within…bleeding the nation white by circumventing existing laws and replacing them with the greatest injustice and threat to personal liberty of all. What is that greatest threat? A foreign enemy? A spontaneous collapse of everything?

No. The greatest threat is the acceptance of the people of the illusion of “social justice,” that really translates into something for nothing by taking from those who have earned, and giving it to those who live within the entitlement cesspool of their own sloth. Such a mentality pervades our society today. In order to save the United States, we have to return to our fundamental values and become an ass-kicking, straight-shooting people who fear God and care for their families, neighbors, and nation once more. If we do this, we may emerge from the coming night as a nation once more. Ready your NVGs, and steel your hearts for the challenge before it arrives…now…at the twilight’s last gleaming.

May Veterans’ Day bring remembrance to your mind, may your heart find peace, and may any who serve in your family be safe and sound.


Jeremiah Johnson is the Nom de plume of a retired Green Beret of the United States Army Special Forces (Airborne).  Mr. Johnson is also a Gunsmith, a Certified Master Herbalist, a Montana Master Food Preserver, and a graduate of the U.S. Army’s SERE school (Survival Evasion Resistance Escape).  He lives in a cabin in the mountains of Western Montana with his wife and three cats. You can follow Jeremiah’s regular writings at SHTFplan.com or contact him here.

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Russia’s Next Weapon: A Church

The Russian military plans to build a military church to bolster the spiritual values of its armed forces.

The Duran

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Authored by Michael Peck via The National Interest:


Meet Vladimir Putin’s newest weapon: a church.

The Russian military plans to build a military church to bolster the spiritual values of its armed forces. Construction will soon begin of the Main Church of the Armed Forces, to be erected in Patriot Park outside Moscow, according to Colonel General Andrei Kartapolov, deputy defense minister and chief of the armed forces’ Main Military-Political Directorate, a new organization responsible for political education of the troops.

The “new church will be one more example of the people’s unity around the idea of patriotism, love, and devotion to our Motherland,” Kartapolov told Russian journalists.

To say the church, dubbed by some as the “Khaki Temple,” will have a martial air would be an understatement.

“The walls of the military church are really made in the color of the standard Russian missile system and armored vehicle,” according to the Russian newspaper The Independent [Google English translation here ] “…From the inside, the walls are decorated with paintings with battle scenes from military history and texts from the Holy Scriptures. The projected height is 95 meters [104 feet] and is designed for 6,000 people.”

“Kartapolov is convinced that the modern Russian serviceman cannot be shaped without shaping lofty spirituality in him,” Russian media said. “Speaking about ideology, the deputy head of the military department pointed out that this will be based on knowledge of the history of our Motherland and people and on historical and cultural traditions.”

“Even though the Russian constitution states that ‘no ideology may be established as state or obligatory,’ the Kremlin continues to search for a unifying set of beliefs,” notes the U.S. Army’s Foreign Military Studies Office.

Religion has long played a role in Russian military life, first through the Russian Orthodox Church in Tsarist times, and then—in a secular way—through Communism in Soviet times. “In late imperial Russia, when they began to build garrisons, every regiment sought to build a regimental church, but not a synagogue or mosque,” Roger Reese, an historian at Texas A&M University who has written books on the Tsarist and Soviet armed forces, told the National Interest. “In Putin’s Russia, the Orthodox Church seeks every opportunity to represent itself as the national religion and tie itself to the state as it had under the tsars, so this act represents continuity broken temporarily by the Soviet years. Of course the Soviet regime did not build churches for the army, but it did build the ‘House of the Red Army,’ shaped like a star, in Moscow dedicated to the use of the Red Army and its soldiers.

In some respects it was analogous to a USO [United Service Organization that supports American soldiers] building. So Putin’s dedicating one particular building to the use of the Russian Army soldiers for purposes of morale—and morals—is in line with that.”

While the thought of a military church will be distasteful to some, Russia is hardly unique in linking the military and religion.

Many armies, the United States and Israel included, maintain chaplains who wear uniform and hold military rank. Chapels are common on military bases, and soldiers are given time for – and sometimes pressured to – attend religious services. While a Russian military church is likely to favor a specific denomination – Russian Orthodoxy – even that isn’t unique: non-Christian members of the U.S. military have complained of religious discrimination , especially by Christian fundamentalists.

What’s interesting is how little things change. Be it the Tsar’s conscripts, or the Red Army’s draftees or the volunteers who comprise much of modern Russia’s military, some spiritual reinforcement is deemed necessary to get soldiers to fight.

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