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U.S. could surpass Saudi oil output by 2020

USA Today -- U.S. oil output is surging so fast that the US could soon overtake Saudi Arabia as the world's biggest producer.

Driven by high prices & new drilling, U.S. production of crude and other liquid hydrocarbons is on track to rise 7% this year to an average of 10.9 million barrels per day. This will be the fourth straight year of crude increases and the biggest single-year gain since 1951.

The boom has surprised even the experts.

The Energy Department forecasts U.S. production of crude and other liquid hydrocarbons, which includes biofuels, will average 11.4 million barrels per day next year. That would be a record for the U.S. and just below Saudi Arabia's output of 11.6 million barrels. Citibank forecasts U.S. production could reach 13 million to 15 million barrels per day by 202 ...

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Submitted Oct 27, 2012 By: MidNJ

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remay Champion Author Houston Posts:6,978 Points:2,119,565 Joined:May 2006	Message Posted: Oct 29, 2012 6:39:47 AM Ignore remay Report Abuse Drilling is such a fickle environment. Just the HINT of price lowering suddenly makes the "cost" to drill prohibitive...
NedW Champion Author Indianapolis Posts:5,630 Points:1,145,170 Joined:Mar 2008	Message Posted: Oct 29, 2012 1:28:14 AM Ignore NedW Report Abuse I'm sure the EPA is working on speed bumps and other cost prohibitive obstructions.
52MPG Champion Author Dayton Posts:7,277 Points:1,744,630 Joined:Apr 2006	Message Posted: Oct 29, 2012 12:53:46 AM Ignore 52MPG Report Abuse Not if BO gets re-elected.
quasar502 Champion Author Lansing Posts:3,598 Points:804,275 Joined:Jan 2011	Message Posted: Oct 28, 2012 3:06:35 AM Ignore quasar502 Report Abuse An amazing stat. Who would have guessed?
bston Champion Author Oklahoma City Posts:1,830 Points:644,975 Joined:Mar 2011	Message Posted: Oct 28, 2012 1:13:23 AM Ignore bston Report Abuse I believe it could happen.
carranco Champion Author Georgia Posts:1,027 Points:269,765 Joined:Dec 2008	Message Posted: Oct 27, 2012 10:47:01 PM Ignore carranco Report Abuse Provided we don't reelect the skinny punk.
Night Owl Champion Author Toronto Posts:7,570 Points:1,790,500 Joined:Jul 2004	Message Posted: Oct 27, 2012 10:05:09 PM Ignore Night Owl Report Abuse Good news. Let's see oil prices come down now.
dh0770 Champion Author Colorado Posts:6,987 Points:672,460 Joined:Jun 2011	Message Posted: Oct 27, 2012 9:52:27 PM Ignore dh0770 Report Abuse "U.S. could surpass Saudi oil output by 2020" Not if the lier in chief is reelected!
bar1035 Champion Author Charlotte Posts:9,177 Points:1,301,145 Joined:Aug 2006	Message Posted: Oct 27, 2012 8:54:43 PM Ignore bar1035 Report Abuse Just think what we could if used the federal lands we used too
Vette1967 Champion Author Albany Posts:5,982 Points:1,278,925 Joined:Jun 2009	Message Posted: Oct 27, 2012 8:48:17 PM Ignore Vette1967 Report Abuse Good news but we still need to coninue to conserve and use alternate fuels too.
Pete12 Champion Author Albany Posts:4,880 Points:1,646,870 Joined:Nov 2005	Message Posted: Oct 27, 2012 8:40:10 PM Ignore Pete12 Report Abuse This is what we need to hear.
playtimeCLE Champion Author Cleveland Posts:8,575 Points:1,547,300 Joined:Nov 2008	Message Posted: Oct 27, 2012 7:10:28 PM Ignore playtimeCLE Report Abuse This is good news, but we use so much more oil then anyone else in the world it still leaves us a long way from producing enough oil to satisfy our own usage.
BrucePen Champion Author Ontario Posts:6,616 Points:1,364,765 Joined:Sep 2008	Message Posted: Oct 27, 2012 4:04:33 PM Ignore BrucePen Report Abuse Good news. Good by Obama!
QuagmireLA Champion Author Louisiana Posts:1,079 Points:160,365 Joined:Jun 2012	Message Posted: Oct 27, 2012 3:58:57 PM Ignore QuagmireLA Report Abuse You mean if Romney gets elected my German Shepherd will be able to jump over the empire state building? Excellent, you have my vote!
fire@53 Champion Author Philadelphia Posts:11,843 Points:2,771,250 Joined:May 2003	Message Posted: Oct 27, 2012 3:53:44 PM Ignore fire@53 Report Abuse With a change of president that may just happen.
Ebaz Champion Author Oklahoma City Posts:3,261 Points:718,235 Joined:Apr 2011	Message Posted: Oct 27, 2012 3:53:00 PM Ignore Ebaz Report Abuse Heard that before
2granny Champion Author Michigan Posts:9,590 Points:1,469,180 Joined:Apr 2009	Message Posted: Oct 27, 2012 3:52:47 PM Ignore 2granny Report Abuse Heard this before.
bigrigAZ Champion Author Phoenix Posts:1,752 Points:1,056,590 Joined:Jul 2008	Message Posted: Oct 27, 2012 3:51:17 PM Ignore bigrigAZ Report Abuse And by 2020 drivers (all?) will have a job too.
Discovery02 Champion Author Colorado Springs Posts:2,590 Points:313,590 Joined:May 2012	Message Posted: Oct 27, 2012 3:50:47 PM Ignore Discovery02 Report Abuse They raise prices when production is low. They raise prices when production is high. They raise prices when there is tension anywhere on the planet. They raise prices when there's peace all over the planet...OK so that one has never happened. It doesn't matter who's producing the oil and who's buying the oil...the prices just keep going up.
QuagmireLA Champion Author Louisiana Posts:1,079 Points:160,365 Joined:Jun 2012	Message Posted: Oct 27, 2012 3:49:41 PM Ignore QuagmireLA Report Abuse And my German shepherd may jump the empire state building by 2020.
Norm10 Champion Author British Columbia Posts:3,342 Points:163,050 Joined:Dec 2010	Message Posted: Oct 27, 2012 3:44:45 PM Ignore Norm10 Report Abuse And pigs could fly!
bell05 Champion Author Atlanta Posts:9,270 Points:1,879,535 Joined:Jun 2005	Message Posted: Oct 27, 2012 3:43:21 PM Ignore bell05 Report Abuse I don't think we ought to be shipping all our oil out of the country.
bluebird1 Champion Author Toronto Posts:15,745 Points:3,110,075 Joined:May 2004	Message Posted: Oct 27, 2012 3:42:11 PM Ignore bluebird1 Report Abuse Great news except Saudi could turn on the jets too in that length of time.
PathTrack Champion Author Twin Cities Posts:1,204 Points:134,855 Joined:Jan 2005	Message Posted: Oct 27, 2012 3:39:47 PM Ignore PathTrack Report Abuse The drill, baby drill people should be happy about this, but oil still, will not be cheaper. US oil companies would sell to China if the price is right!
ItisAJeepThing Champion Author Tucson Posts:19,770 Points:2,154,505 Joined:Oct 2006	Message Posted: Oct 27, 2012 3:38:12 PM Ignore ItisAJeepThing Report Abuse Oil production has increased in the U.S. by over 14% over the past three years under President Obama!!!
TxPDawg All-Star Author Austin Posts:657 Points:381,595 Joined:Mar 2011	Message Posted: Oct 27, 2012 3:37:11 PM Ignore TxPDawg Report Abuse Good news for US
teatiger Champion Author Dallas Posts:2,695 Points:1,479,790 Joined:Nov 2008	Message Posted: Oct 27, 2012 3:32:08 PM Ignore teatiger Report Abuse Only if there is real change in November....
waynemustang Champion Author Indiana Posts:6,387 Points:1,668,485 Joined:Nov 2006	Message Posted: Oct 27, 2012 3:28:18 PM Ignore waynemustang Report Abuse Not while Obama is in office.
gsayeg1 All-Star Author Milwaukee Posts:796 Points:140,985 Joined:Jun 2008	Message Posted: Oct 27, 2012 3:27:08 PM Ignore gsayeg1 Report Abuse if you want this to happen don't vote for the current president who will only be interested in how many ducks and geese he can save
suzyq2007 Champion Author Dallas Posts:7,184 Points:1,653,850 Joined:Oct 2007	Message Posted: Oct 27, 2012 3:24:47 PM Ignore suzyq2007 Report Abuse we just need to get with it and do it.
Scoutca All-Star Author Orange County Posts:525 Points:1,588,160 Joined:May 2004	Message Posted: Oct 27, 2012 3:23:42 PM Ignore Scoutca Report Abuse Don't talk about it just do it... Give the Saudi's a little something to think about when they can't control the price by their production output!!
OnEmptyMO Champion Author St. Louis Posts:4,999 Points:1,491,400 Joined:Mar 2008	Message Posted: Oct 27, 2012 3:23:34 PM Ignore OnEmptyMO Report Abuse You mean the gloom and doom days are over?
rtgonzalez1970 Rookie Author Vancouver Posts:57 Points:23,400 Joined:Apr 2011	Message Posted: Oct 27, 2012 3:23:04 PM Ignore rtgonzalez1970 Report Abuse That is excellent.
hcivic Champion Author Virginia Posts:3,869 Points:2,268,640 Joined:Aug 2005	Message Posted: Oct 27, 2012 3:19:33 PM Ignore hcivic Report Abuse good
ou812again Champion Author Cincinnati Posts:3,334 Points:673,060 Joined:Apr 2011	Message Posted: Oct 27, 2012 3:17:23 PM Ignore ou812again Report Abuse ok
gunna151 Rookie Author New York Posts:68 Points:45,640 Joined:Sep 2012	Message Posted: Oct 27, 2012 3:17:01 PM Ignore gunna151 Report Abuse yet our gas price still high as hell
milespergallon Champion Author Illinois Posts:9,759 Points:1,911,285 Joined:Feb 2007	Message Posted: Oct 27, 2012 3:16:06 PM Ignore milespergallon Report Abuse We 'could' already be there if it wasn't for the current administration. But, then. whee would it be refined at since the whole bo industry is not interested in spending some of their BILLIONS OF DOLLARS IN PROFIT EACH QUARTER to build some high efficient lower cost refineries.
FOURXFOUR Champion Author Boston Posts:2,481 Points:1,250,130 Joined:Aug 2005	Message Posted: Oct 27, 2012 3:16:05 PM Ignore FOURXFOUR Report Abuse YEA!!!!
gaswatchON Veteran Author Ontario Posts:463 Points:118,405 Joined:May 2012	Message Posted: Oct 27, 2012 3:15:39 PM Ignore gaswatchON Report Abuse I am quite sure that the oil company's will be pumping 13 million barrels by 2013 but they will be selling a lot of it on the market so it won't do North America any good
TopGunn Champion Author Baltimore Posts:9,201 Points:2,618,455 Joined:Aug 2004	Message Posted: Oct 27, 2012 3:15:27 PM Ignore TopGunn Report Abuse Same story days ago.
DeHavilland Champion Author Toronto Posts:5,885 Points:1,906,190 Joined:Jun 2007	Message Posted: Oct 27, 2012 3:14:08 PM Ignore DeHavilland Report Abuse nice
dastard57 Champion Author Orange County Posts:3,223 Points:627,900 Joined:Feb 2011	Message Posted: Oct 27, 2012 3:13:41 PM Ignore dastard57 Report Abuse yep
rxman1 Champion Author Toledo Posts:9,563 Points:1,864,820 Joined:Nov 2007	Message Posted: Oct 27, 2012 3:12:35 PM Ignore rxman1 Report Abuse Thank you to private companies not on public lands or off shore
spiderjay Champion Author Little Rock Posts:4,773 Points:1,282,235 Joined:Oct 2005	Message Posted: Oct 27, 2012 3:08:47 PM Ignore spiderjay Report Abuse will we meet our needs??
DYSKYPILOT Champion Author Fort Worth Posts:2,917 Points:628,630 Joined:Mar 2006	Message Posted: Oct 27, 2012 3:06:27 PM Ignore DYSKYPILOT Report Abuse could we have SAUDI GAS PRICES?
walkingtall Champion Author Toronto Posts:4,009 Points:1,123,630 Joined:Nov 2004	Message Posted: Oct 27, 2012 3:05:12 PM Ignore walkingtall Report Abuse United States could surplus Saudi oil output by 2020 and even if we surplus the middle east,we will still pay more for it at the pumps.
Romey08 Champion Author Virginia Posts:6,311 Points:1,436,490 Joined:Apr 2008	Message Posted: Oct 27, 2012 3:05:09 PM Ignore Romey08 Report Abuse We has the resources to be number 1.
Gas4Gore Champion Author Detroit Posts:2,436 Points:426,800 Joined:Jan 2010	Message Posted: Oct 27, 2012 3:03:00 PM Ignore Gas4Gore Report Abuse Maybe sooner.
ftsgt Champion Author Illinois Posts:13,057 Points:2,486,245 Joined:Dec 2004	Message Posted: Oct 27, 2012 2:58:14 PM Ignore ftsgt Report Abuse That would be great
mikerroy Champion Author Albuquerque Posts:2,581 Points:723,845 Joined:May 2005	Message Posted: Oct 27, 2012 2:57:01 PM Ignore mikerroy Report Abuse Good