United States Supplanted By China’s Thirst For Oil

The average fracking rig is mounted on a 18-wheeler truck and has the horsepower of three Formula One racing cars necessary to raise the hydraulic pressure high enough. It takes about 10 days to drill a well while years ago it took over 15 days. Part of the reason fracking is cost effective is because the oil futures markets have pushed the price of crude oil over $100 per barrel on the open market. Plus, only some of the fracking equipment has been shifted over from hunting for natural gas. High Gas Prices: A US Political Problem But you would assume since the United States now exports more oil than it imports that the economic rules of supply and demand should cause US gas prices to drop, right? Unfortunately, thats where localized markets and politics have kept gas prices high. Most of the surge in United States oil product has occurred in North Dakota, Wyoming, Colorado, and Oklahoma. Oil producers are fighting over limited oil pipeline capacity and are forced to use barges and trains, which increases the cost of domestic US oil by around $17 per barrel. But projects like the Keystone XL oil pipeline have been delayed by years due to politics. While the majority of countries have been greatly expanding their oil refining capabilities the United States has lagged behind. The last US oil refinery was built in 2008 , with the previous refinery going back to 1998. Fortunately, oil refining capacity has increased in existing refineries through upgrades or new construction but the United States still has to have a good percentage of its domestic oil refined in other countries . US refineries were also modified to take more heavy and sour crude from the Middle East and Canada, while our domestic oil requires refineries designed for light and sweet oil (meaning, lower density and sulphur content). The final political angle is the 1975 US embargo on oil exports, which is still effective to this day.

United States Oil Production Beats Saudia Arabia Via Fracking, Why Are Gas Prices High?

United States Oil Production Beats Saudia Arabia Via Fracking, Why Are Gas Prices High

The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors, @TMFEnergy . The United States appears to be losing its status as the world’s top oil importer, thanks to the colossal turnaround in crude oil production caused by hydraulic fracturing and horizontal drilling techniques. While China’s 6.3 million barrels per day of crude oil imports are just slightly higher than the United States 6.1 million per day, the trajectory of the two countries’ crude consumption varies significantly. The United States could be the world’s largest crude oil producer by the end of the decade while oil demand drops as fuel efficient cars takeover our highways. Meanwhile, China is in the early stages of unconventional shale exploration, and with a growing middle class, fuel consumption is set to rise precipitously. See more on this topic in the following video. Stocks to buy to play the United States energy bonanza Record oil and natural gas production is revolutionizing the United States’ energy position. Finding the right plays while historic amounts of capital expenditures are flooding the industry willpad your investment nest egg. For this reason, The Motley Fool is offering a comprehensive look at three energy companies set to soar during this transformation in the energy industry. To find out which three companies are spreading their wings, check out the special free report, ” 3 Stocks for the American Energy Bonanza .” Don’t miss out on this timely opportunity; click here to access your report — it’s absolutely free. Alison Southwick and Taylor Muckerman have no position in any stocks mentioned. Joel South owns shares of Ford. The Motley Fool recommends and owns shares of Ford.

2014 World Cup Simulator Paints Bleak Picture for United States

Separated from the far eastern edge of the Russian empire by only the narrow Bering Strait, the Russians had been the first Europeans to significantly explore and develop Alaska. During the early 19th century, the state-sponsored Russian-American Company established the settlement of Sitka and began a lucrative fur trade with the Native Americans . However, Russian settlement in Alaska remained small, never exceeding more than a few hundred people. By the 1860s, the Russian-American Company had become unprofitable. Faced with having to heavily subsidize the company if an active Russian presence in the territory was to be maintained, the tsar and his ministers chose instead to sell to the Americans. Seeing the giant Alaska territory as a chance to cheaply expand the size of the nation, William H. Seward, President Andrew Johnson ‘s secretary of state, moved to arrange the purchase of Alaska. Agreeing to pay a mere $7 million for some 591,000 square miles of land-a territory twice the size of Texas and equal to nearly a fifth of the continental United States-Seward secured the purchase of Alaska at the ridiculously low rate of less than 2 an acre. Later myths to the contrary, most Americans recognized that Seward had made a smart deal with the Alaska Purchase. Still, a few ill-informed critics did not miss the opportunity to needle the Johnson administration by calling the purchase “Seward’s Folly” and “Seward’s Icebox,” or joking that the administration had only bought the territory to create new political appointments like a “Polar Bear’s Bureau” and a “Superintendent of Walruses.” Johnson’s opponents (who were trying to impeach him at the time) also succeeded in delaying approval of the $7 million appropriation. But after a year of squabbling, Congress approved the purchase, and Russia formally transferred control of the vast northern land to the United States. Within a few decades, Alaska would prove to be an amazing treasure trove of natural resources from gold to oil, proving Seward’s wisdom and exposing the shortsightedness of those who had once poked fun at the purchase.

The United States formally takes possession of Alaska from Russia

We do know that the US have punched their ticket to the dance, and also that they won’t be a seeded nation. That, along with other factors, has resulted in a plethora of scary scenarios for the Jurgen Klinsmann Army. 2014 World Cup simulations for the United States: DO NOT WANT Perhaps the biggest reason this particular simulator has received so much attention on social media websites is due to the unfavorable groups the United States are predicted to be in. I’m not sure the USMNT would earn even a point let alone go through to the knockout stages of the World Cup if placed in some of the situations I have seen. Here are the worst of the worst for the US. US, Germany, Nigeria, Italy. That win over Nigeria would be fun. US, Spain, France, Cameroon. Imagine the United States playing against Spain in a meaningful affair. On second thought, don’t. US, Germany, Ecuador, France. The US beating a B/C German side on home soil in a friendly is one thing. Facing their best in a World Cup is quite another.

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