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U.S. Energy Independence
United States energy independence is the concept of eliminating or substantially reducing import of petroleum to satisfy the nation's need for energy. Some proposals for achieving energy independence would permit imports from the neighboring nations of Canada and Mexico, in which case it would be called North American energy independence. Energy independence is espoused by those who want to leave the US unaffected by global energy supply disruptions and would restrict reliance upon politically unstable states for its energy security. In total energy consumption, the U.S. produces more energy than it uses. In May 2011, the U.S. became a net exporter of refined petroleum products. By 2014, the United States was the world's third largest producer of crude oil, after Saudi Arabia and Russia, and second-largest exporter of refined products, after Russia. In October 2019, the United States first became a net exporter of all oil products, including both refined petroleum produ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Oil Production, Imports, & Exports
US or Us most often refers to: * Us (pronoun), ''Us'' (pronoun), the objective case of the English first-person plural pronoun ''we'' * US, an abbreviation for the United States US, U.S., Us, us, or u.s. may also refer to: Arts and entertainment Albums * Us (Brother Ali album), ''Us'' (Brother Ali album) or the title song, 2009 * Us (Empress Of album), ''Us'' (Empress Of album), 2018 * Us (Mull Historical Society album), ''Us'' (Mull Historical Society album), 2003 * Us (Peter Gabriel album), ''Us'' (Peter Gabriel album), 1992 * Us (EP), ''Us'' (EP), by Moon Jong-up, 2021 * ''Us'', by Maceo Parker, 1974 * ''Us'', mini-album by Peakboy, 2019 Songs * Us (James Bay song), "Us" (James Bay song), 2018 * Us (Jennifer Lopez song), "Us" (Jennifer Lopez song), 2018 * Us (Regina Spektor song), "Us" (Regina Spektor song), 2004 * Us (Gracie Abrams song), "Us" (Gracie Abrams song), 2024 * "Us", by Azealia Banks from ''Fantasea (mixtape), Fantasea'', 2012 * "Us", by Celine Dion from ''Let's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about , making it the List of Asian countries by area, fifth-largest country in Asia, the largest in the Middle East, and the List of countries and dependencies by area, 12th-largest in the world. It is bordered by the Red Sea to the west; Jordan, Iraq, and Kuwait to the north; the Persian Gulf, Bahrain, Qatar and the United Arab Emirates to the east; Oman to the southeast; and Yemen to Saudi Arabia–Yemen border, the south. The Gulf of Aqaba in the northwest separates Saudi Arabia from Egypt and Israel. Saudi Arabia is the only country with a coastline along both the Red Sea and the Persian Gulf, and most of Geography of Saudi Arabia, its terrain consists of Arabian Desert, arid desert, lowland, steppe, and List of mountains in Saudi Arabia, mountains. The capital and List of cities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Reserves In Venezuela
The proven oil reserves in Venezuela are recognized as the largest in the world, totaling as of 1 January 2014. The 2019 edition of the BP Statistical Review of World Energy reports the total proved reserves of 303.3 billion barrels for Venezuela (slightly more than Saudi Arabia's 297.7 billion barrels). Venezuela's crude oil is very heavy by international standards, and as a result much of it must be processed by specialized domestic and international refineries. History Venezuela's development of its oil reserves has been affected by political unrest. In late 2002, nearly half of the workers at the state oil company PDVSA went on strike, after which the company fired 18,000 of them, draining the company of technical knowledge and expertise. Growth As of 2006, Venezuela was one of the largest suppliers of oil to the United States, sending about to the U.S. In October 2007, the Venezuelan government said its proven oil reserves was . The energy and oil ministry said it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1979 Energy Crisis
A drop in oil production in the wake of the Iranian revolution led to an energy crisis in 1979. Although the global oil supply only decreased by approximately four percent, the oil markets' reaction raised the price of crude oil drastically over the next 12 months, more than doubling it to . The sudden increase in price was connected with fuel shortages similar to the 1973 oil crisis. In 1980, following the onset of the Iran–Iraq War, oil production in Iran fell drastically. Iraq's oil production also dropped significantly, triggering economic recessions worldwide. Oil prices did not return to pre-crisis levels until the mid-1980s. Oil prices after 1980 began a steady decline over the next 20 years, except for a brief uptick during the Gulf War, which then reached a 60% fall-off in the 1990s. Mexico, Nigeria, and Venezuela's major oil exporters expanded their production during this time. The Soviet Union became the largest oil producer in the world, and oil from the N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Crisis
An energy crisis or energy shortage is any significant Bottleneck (production), bottleneck in the supply of energy resources to an economy. In literature, it often refers to one of the energy sources used at a certain time and place, in particular, those that supply national electricity grids or those used as fuel in industrial development. Population growth has led to a surge in the global energy demand, demand for energy in recent years. In the 2000s, this new demand – together with Middle East tension, the falling value of the US dollar, dwindling oil reserves, concerns over peak oil, and Oil speculation, oil price speculation – triggered the 2000s energy crisis, which saw the price of oil reach an all-time high of in 2008. Most energy crises have been caused by localized shortages, wars and market manipulation. However, the recent historical energy crises listed below were not caused by such factors. Causes Most energy crises have been caused by localized shortages, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tight Oil
Tight oil (also known as shale oil, shale-hosted oil or light tight oil, abbreviated LTO) is light crude oil contained in Unconventional (oil & gas) reservoir, unconventional petroleum-bearing formations of low Permeability (earth sciences), permeability, often shale or tight sandstone. Economic production from tight oil formations requires the same hydraulic fracturing and often uses the same Directional drilling, horizontal well technology used in the production of shale gas. While sometimes called "shale oil", tight oil should not be confused with oil shale (shale rich in kerogen) or shale oil (oil produced from oil shales). Therefore, the International Energy Agency recommends using the term "light tight oil" for oil produced from shales or other very low permeability formations, while the World Energy Resources 2013 report by the World Energy Council uses the terms "tight oil" and "shale-hosted oil". In May 2013 the International Energy Agency in its ''Medium-Term Oil M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1973 Oil Crisis
In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the 1973 Yom Kippur War, which began after Egypt and Syria launched a large-scale surprise attack in an ultimately unsuccessful attempt to recover the territories that they had lost to Israel during the 1967 Six-Day War. In an effort that was led by Faisal of Saudi Arabia, the initial countries that OAPEC targeted were Canada, Japan, the Netherlands, the United Kingdom, and the United States. This list was later expanded to include Estado Novo (Portugal), Portugal, Rhodesia, and South Africa. In March 1974, OAPEC lifted the embargo, but the price of oil had risen by nearly 300%: from US to nearly US globally. Prices in the United States were significantly higher than the global average. After it was implemented, the embargo caused an oil crisis, or "shock", with many short- and long ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wall Street Journal
''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscription model, requiring readers to pay for access to most of its articles and content. The ''Journal'' is published six days a week by Dow Jones & Company, a division of News Corp. As of 2023, ''The'' ''Wall Street Journal'' is the largest newspaper in the United States by print circulation, with 609,650 print subscribers. It has 3.17 million digital subscribers, the second-most in the nation after ''The New York Times''. The newspaper is one of the United States' newspapers of record. The first issue of the newspaper was published on July 8, 1889. The editorial page of the ''Journal'' is typically center-right in its positions. The newspaper has won 39 Pulitzer Prizes. History Founding and 19th century A predecessor to ' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy In The Middle East
Energy in the Middle East describes energy and electricity production, consumption, import, natural gas, ecological concerns and climate change in the Middle East. Primary energy use Energy export Total energy export from the Middle East in 2010 was 12,228 TWh. The three largest exporters were Saudi Arabia 37.2%, Qatar 14.3% and Iran 12.9%. Oil In 2009 the largest share of oil production was in the Middle East (24 million barrels daily, or 31 percent of global production). According to Transparency International based on BP data regionally the largest share of proved oil reserves is in the Middle East (754 billion barrels, constituting 51 percent of global reserves including oil sands and 57 percent excluding them). According to BP of the world oil reserves were in Saudi Arabia 18%, Iran 9%, Iraq 8%, Kuwait 7% and UAE 7%. In June 2015, Jim Hollis, CEO of NEOS, during “Oil and Gas: Governance and Integration” forum, stated that Lebanon’s potential offshore natura ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Information Administration
The U.S. Energy Information Administration (EIA) is a principal agency of the U.S. Federal Statistical System responsible for collecting, analyzing, and disseminating energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment. EIA programs cover data on coal, petroleum, natural gas, electric, renewable and nuclear energy. EIA is part of the U.S. Department of Energy. Background The Department of Energy Organization Act of 1977 established EIA as the primary federal government authority on energy statistics and analysis, building upon systems and organizations first established in 1974 following the oil market disruption of 1973. EIA conducts a comprehensive data collection program that covers the full spectrum of energy sources, end uses, and energy flows; generates short- and long-term domestic and international energy projections; and performs informative energy analyses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Industry In Colombia
The petroleum industry in Colombia is an important contributor to the country's economy. Oil Colombia became an oil exporter in the mid-1980s and has remained that, as a result of policy changes made in 2003. Colombia exports about half of its production, most of it to the United States. Although the share of oil in gross domestic product (GDP) has remained between 2 and 4 percent since 1990, its share of total Colombian exports has been between 20 and 30 percent since 1995, and it has generated important revenues for the nation's public finances. In 2006 oil and derivatives accounted for 26 percent of total exports (18.6 percent for oil and 7.4 percent for derivatives). Oil is particularly important because of its fiscal implications, which cut across several dimensions.Roberto Steiner and Hernán Vallejo. "Mining and energy". I''Colombia: A Country Study''(Rex A. Hudson, ed.). Library of Congress Federal Research Division (2010). The state-owned Colombian Petroleum Enterp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of The Venezuelan Oil Industry
Venezuela has the world's largest proven oil reserves at an estimated 304 billion barrels (18% of global reserves) as of 2020. The country was once one of the world's largest exporters of oil. Oil production peaked in the late 1990s and early 2000s. In 2008, crude oil production in Venezuela was the tenth-highest in the world at and the country was also the eighth-largest net oil exporter in the world. Venezuela is a founding member of the Organization of the Petroleum Exporting Countries (OPEC). Pre-discovery Indigenous usage The Indigenous peoples in Venezuela, like many ancient societies, already utilized crude oils and asphalts from petroleum seeps, which ooze through the ground to the surface, in the years before the Spanish conquistadors. The thick black liquid, known to the locals as ''mene'', was primarily used for medical purposes, as an illumination source, and for the caulking of canoes. Spanish acquisition Upon arrival in the early 16th century, the Spanis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
