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According to this report, Russian, in fact global, fears of American energy dominance were realized this past week when the United States Energy Information Agency (EIA) announced that the US has catapulted past Saudi Arabia as the world's biggest fuel producer, meaning that they are expected to become almost self-sufficient in oil and gas by 2035, will overtake Russia in gas production by 2015, and Saudi Arabia in oil production by 2017.
So profound has the Obama regimes push for global energy dominance become, this report notes, is that only three nations in history have increased their oil output by at least 900,000 barrels a day and done it in just a year.
The nations are
The global fears raised by other nations as the United States becomes histories greatest energy powerhouse, this report continues, include the European Union, whose leaders fear this US move will make “competition impossible,” Canada, whose leaders say this has now become a “direct threat to their economy,” Africa’s largest oil producer Nigeria, whose leaders warn their “dominance may soon be history,” and the OPEC nations who warn that US energy production has now become their cartels “greatest threat.”
Critical to note about the United States, this report says, it that this North American nation has the largest known deposits of oil shale in the world of which it is experiencing a “revolution” unseen in all of human history. [Note: Oil shale does not actually contain oil, but a waxy oil precursor known as kerogen.]
This “revolution” in tapping these vast American shale oil reserves, this report says, involves an unconventional drilling process known as hydraulic fracturing (aka fracking), and which the number of these types of wells drilled by the Bush-Obama regimes between 2008 and 2011 in the US now equals 35,000, and as compared with the rest of entire world which during this time have drilled only 190.
Even more astounding, new reports from the
Important to note, Minister Novak says in this report, is that the election of Obama as the “Green President” opposed to this historic push for oil production stands counters to his actions, and Administrations polices (actually funded by the major oil giants), which are now seeing the United States become the largest fossil fuel energy producer our world has ever seen.
Equally, Minister Novak says, the
For example, this report says: The so called Arab Spring, which continues to destabilize large portions of the Middle East, and is now hitting Saudi Arabia, the continued US-backed sanctions on Iran, and the Americans now attacking the oil-rich African nation of Mali, all clearly show the United States “full intentions” of keeping global oil prices at historic high levels in order to keep their domestic supplies competitive as compared to the rest of the world.
As for the Obama regimes domestic economy, this report continues, the unconventional monetary policy being pursued by the US Federal Reserve called Quantitative Easing (QE) (which is the practice of printing trillions of US Dollars), is actually designed to strengthen the American currency as in the coming years these staggering sums (estimated at $2 trillion) of monies will flood back into the United States as nearly the entire world queues to buy its (then) cheap oil.
Unfortunately for the masses of the American people, however, and as we had noted in our 4 March report “Russia Moves To Label US As Plutocracy, Warns Of War”, the only ones who will actually benefit from this unprecedented wealth flooding into the United States will be their elite classes whose lust for wealth and luxury stand in sharp contrast to the suffering of nearly 100 million of their fellow citizens.
Article Source: http://www.whatdoesitmean.com