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After Bush Era Decline, US Now World’s Top Oil Producer


Oil Output Suppressed, Lowered by Bush/Cheney/Enron Manipulation

 

By Gordon Duff, Senior Editor

 

America is now the top oil producer in the world,  nearly a 45% increase today over the worst dip in production during the Bush market crash.  In fact, over the entire Bush administration, oil production in the US maintained a steady decrease despite endless new areas made available to drilling, some at high environmental risk.

Moreover, mismanagement, corruption and cronyism at the hands of “oil experts,” which Bush and Cheney claimed to be, were, in actuality disastrous for the US oil industry.  Not only was oil production down but refinery construction and fuel exports also lagged.

The graph below, supplied by the highly conservative American Enterprise Institute, provides damning evidence of the hidden failures of the corrupt Bush era.  While Americans fought and died around the world to provide cheap and even stolen oil for the world market, American production of crude, of gasoline and other fuels, not just fell, America’s oil infrastructure collapsed as well.

The problem was short sighted lack of investment and policies that encouraged speculation over development.

Everything most Americans were led to believe about our oil economy and White House expertise under Bush 43 was a lie.

 

US Oil Production Surpasses Saudi  Arabia’s for the First Time in a Decade

By    Marc Chandler

Last November, US output was estimated at 11  million barrels per day, putting it in second place for the  year. This great graphic comes from Mark Perry’s Carpe Diem blog, which I saw on the American  Enterprise Institute website. It shows that last November, the  US’ oil production surpassed Saudi Arabia’s for the first time in almost a  decade.

Perry notes that the Energy Information Administration states that last  year Saudi Arabia was the largest producer and exporter of petroleum and other  liquids at 11.6 million barrels per day.  It estimated US output at 11  million barrels per day, putting it in second place for the  year.

Of course there is much fluctuation on a month to month basis and this  coupled with what we noted earlier (record US petroleum exports in December) is a sign of things  to come.   The financial crisis may or may not be a game changer in  terms of the global political economy, but the cheap energy story in the US is a  game changer and the full ramifications are still being  contemplated.

Gordon Duff

Gordon Duff is a Marine combat veteran of the Vietnam War.He is a disabled veteran and has worked on veterans and POW issues for decades.

Gordon Duff is an accredited diplomat and is generally accepted as one of the top global intelligence specialists.He manages the world's largest private intelligence organization and regularly consults with governments challenged by security issues.

Gordon Duff has traveled extensively, is published around the world and is a regular guest on TV and radio in more than "several" countries.

Gordon Duff is a trained chef, wine enthusiast, avid motorcyclist and gunsmith specializing in historical weapons and restoration.

Business experience and interests are in energy and defense technology.

Visit Gordon Duff's YouTube Channel

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14 Responses to "After Bush Era Decline, US Now World’s Top Oil Producer"

  1. LC  March 8, 2013 at 11:00 am

    “US Now World’s Top Oil Producer” but continues plundering other countries’ oil:

    Sherwood Ross: “US seeks excuse to plunder Iran oil”

    ***********************http://www.youtube.com/watch?v=lXhs2Jxo4CA

  2. Not Clueless  March 8, 2013 at 10:47 am

    @J S
    Yes, you are correct – my response did not address the oil production aspect of the article; it addressed the LYING aspect of the article:

    “Everything most Americans were led to believe about our oil economy and White House expertise under Bush 43 was a lie.”

    The gist of my response was the real root cause of the lying – attributable not to ‘off planet’ sources, but to ” transmogrifications” / “elementals” / “Ultraterrestrials” – Hyperdimensionals is another more current term for these entities – the point being that they are not FROM another planet; they are of THIS planet but are manifestations of energy that can take any form, appearing and disappearing at will, in and out of another dimension/density, and “have kept the human race stirred up and at each other’s throats for thousands of years.”

  3. JS  March 8, 2013 at 8:37 am

    G,
    The line graph is fantastic. It tells several stories besides the one you have mentioned. For example, the 2 big dips in US production in 2005 and 2008 appear related to Hurricane Katrina and the 2008 economic meltdown. But there is a small problem. The dips seem to occur well BEFORE they should. Oil production in 2005 should not have crashed until 3 things were known with a high degree of certainty about Katrina: how big, where, and when. It looks like the dip occurred well before that.

    Likewise the 2008 dip in production. If oil production crashed as a consequence of the economic meltdown, then why does the dip occur well before the meltdown happened?

    A followup forensic article would be much appreciated, to confirm what I see in the graph, which is foreknowledge (and profit) of the 2 disasters. Maybe somebody has already written about this, and if so, I’d love to see a link to it.

  4. Preston James, Ph.D  March 7, 2013 at 1:42 pm

    For once we have some really good news. It’s about time too, since the US is awash in plenty of oil. The big game of creating an artificial shortage to keep supplies up shopuld be fully exposed. In the meantime, several countries get closer and closer to developing marketable alternative energy that will be substantuially cheaper. Thanks for the good news, Gordon.

  5. Not Clueless  March 7, 2013 at 8:16 am

    Last one –
    Again, keeping the Mauro Biglino video in mind:
    Quote from Keel’s Mothman Prophesies – “Witnesses who were unlucky enough to have a close encounter with an unidentified flying object, usually a dazzlingly brilliant aerial light, are exposed to actinic rays…ultraviolet rays…which can cause ‘eyeburn,’ medically known as KLIEG CONJUNCTIVITIS.”

    Add to this the tidbit below:

    Aboriginal myths incorporate the idea of “sky beings”, with the Wandjina being among the most interesting to consider.[…]
    It is however fascinating to see that the indigenous tribes viewed the Wandjina as “the spirit in the cloud.” Indeed, the unique painting style shows a logical sequence from human figures to stylised representations of clouds. This duality of anthropomorphic form and “clouds” is widespread in primitive cultures and finds an interesting parallel in the biblical accounts in “Exodus.”
    […]
    The aboriginal tribe, the Bad, of the West Kimberly area, Western Australia, revered “a supreme being” called Djamar. According to tradition he manifested in a manner highly suggestive of “something” landing and leaving behind a physical record. […]

    The young initiates of the tribe were led to the stony bed of a creek and were shown the holes where Djamar had planted his “bullroarer”. In aboriginal lore the sound of the “bullroarer” a roaring wind noise symbolised the approach of the god. [,,,]

    “Earnestly the old men impress on the youths the terrible force of the original tjurunga, by pointing out the baldness of the surrounding hills and the damaged bark of the trees struck by Djamar when he whirled the bull-roarer. It smashed the rocks of the foreshore.”

    In other words, close proximity by a human could result in injury or death – a reason for Moses to seek safe shelter from God’s display of ‘glory’?! And remember, when Moses came down from the mountain, his face was covered with a veil. Was he shielding his eyes/skin from the sun because of the burns he had received? Was his face so disfigured that he felt the need to hide it? Just by sheer coincidence I recently saw Close Encounters of the Third Kind on TCM which clearly depicted the ufo witnesses having incurred facial burns from their encounter.

    Also, were the two wavy lines depicted in the drawing in the video representing wind or water? If one leans toward water, then consider something else Keel has written about – that the ancients thought of the cosmos above as an ocean over their heads. I seem to remember the Egyptians thought the sungod rode a boat across the heavens everyday. So, was the water below or above?

    But please, VT – keep spewing out article after article that keeps us all dancing the same divide and conquer/war and destruction dances the real controllers have imposed on humanity from the very beginning. It serves their purpose – their insatiable appetite for BURNT MEAT.

    Unless and until we all wake up to this reality, we are dead meat – well done and done in!

    A link to Haunted Planet (written in 1971 and with that perspective in mind):
    _http://www.indybay.org/uploads/2011/07/22/hauntedplanet.pdf

    • JS  March 8, 2013 at 8:15 am

      This has nothing to do with US oil production, is not only off topic but off planet.

  6. Not Clueless  March 7, 2013 at 8:14 am

    With the Mauro Biglino revelations in mind:
    In UFOs: Operation Trojan Horse John Keel argues that a non-human or spiritual intelligence source has staged whole events over a long period of time in order to propagate and reinforce certain erroneous belief systems.

    In Our Haunted Planet, Keel coins the term “Ultraterrestrials” to describe the UFO occupants. He discusses the seldom-considered possibility that the alien “visitors” to Earth are not visitors at all, but an advanced Earth civilization, which may or may not be human.

    The UFOs are a physical manifestation that cannot be understood apart from their psychic and symbolic reality. What we see here is not an alien invasion. It is a control system which acts on humans and uses humans.” – UFOs Unmasked by Sidney Reiners

    The late Dr. J. Allen Hynek, consultant for Close Encounters, who has been called the Galileo of scientific ufology, believed UFOs may be part of a “parallel reality” that inhabits our planet, undetected by us except as it chooses otherwise.

    Astronomer Jacques Valle says, “We are not dealing with successive waves of visitations from space. We are dealing with a control system. . . I suggest it is human belief that is being controlled and conditioned.”

    A closer encounter of the fourth kind may be the possession or obsession of the mind by these beings. And the experience is essentially religious, with obvious elements of the occult. – from a book review of Operation Trojan Horse

    For his book Revelation: The Divine Fire, researcher Brad Steiger interviewed scores of psychics, would-be prophets, and contactees. He found that whether they were in communion with what they believed to be spacemen, God and angels, or the dead, the information they received was essentially the same. This is true even of specific bits of information.

    Demonology is not just another crackpot-ology … The manifestations and occurrences described in this imposing literature are similar, if not entirely identical, to the UFO phenomenon itself. Victims of demonomania (possession) suffer the very same medical and emotional symptoms as the UFO contactee. – from a book review of Operation Trojan Horse

    From Keel’s Haunted Planet:
    Early investigators and thinkers soon realized they were dealing with magical beings who could imitate man and his works.
    Instead of being solid physically stable assemblages of cells and matter, these entities were apparently temporary manipulations
    of energy. So the word ‘transmogrification’ was used to describe them. These transmogrifications, according to the lore, could
    assume any form… from a wolf or a cat to a house, ship or iridescent god of awe­some proportions. They could appear clothed in
    rags or in gold crowns and expensive velvet robes. Worst of all, they had a penchant for playing all kinds of games with us,
    manipulating our fears and beliefs and even conning us into going to war against each other.

    One alarming facet of their countless messages to percipients and contactees is their preoccupation with spreading racist
    propaganda. The messages recorded throughout history are filled with such propaganda. If the percipient was an Indian, the propaganda was aimed at a nearby tribe. If he was Hindu, it was directed at the Moslems. The elementals [the ultraterrestrials] are purveyors of hate, and perhaps much of the racial prejudice blighting the human race was originally the product of their teachings.
    […]
    Until the past five or six years racial prejudice was actually a basic part of all the Western religions. After digging down to the source of these racist beliefs, there are always the ancient teachings of dubious messengers. They have kept the human race stirred up and at each other’s throats for thousands of years.

    To be continued …

  7. Not Clueless  March 7, 2013 at 8:11 am

    Well, hmm – yet another article pointing out the lies and deceptions, the manipulations and machinations, and yes, the general insanity of life here on planet earth. Lots of insightful responses about this one aspect of our national and global craziness. Funny how we’re all getting exercised about there being plenty of oil availble, but no mention whatsoever of that recently resurrected topic – GLOBAL WARMING. So sure – there’s plenty of oil – we’re being lied to about it – we’re being gouged and being literally driven into economic ruin – and all the while supposedly acknowledging our continued use of oil is going to destroy the planet! Hmmm – what the hell is wrong with this picture???!

    Maybe the bigger question ought to be – what is the root of all this craziness? Is it lust for money? If you haven’t already seen it, this video should give one pause:

    Wealth Inequality in America – _http://www.youtube.com/watch?feature=player_embedded&v=QPKKQnijnsM

    Nooo – one has to assume the guilty parties already have more money than they could ever spend in even several lifetimes. How about lust for power/control – to the point of achieving godhead? Yeah, that’s getting closer. But what exactly is driving that? What is the real root of all the lies that have congealed into this oh so obvious matrix of lies? Try this video on for size:

    6-part video w/English subtitles:
    _http://www.youtube.com/watch?v=j4MXLB6SwPg

    Mauro Biglino
    “Mauro Biglino translated 23 books of the Bible for the Vatican. He had to translate the Stalingrad Codex (the version of the Bible which all three major monotheistic religions – Christian, Jewish and Muslim – recognize as the official Bible) from the Hebrew, word by word, literally and with no interpretation whatsoever.”

    To be continued …

  8. PallMall  March 7, 2013 at 5:31 am

    What about Russia?

  9. winston smith  March 7, 2013 at 4:42 am

    You sure do.
    The USA defaulted on its foreign debt in 1971,the so called “Nixon Shock”.
    People supplying the US no longer wanted the old(gold backed) prices for their
    commodities,and wanted much higher ‘fiat’ prices..

    • Allesandro  March 7, 2013 at 7:24 am

      Thanks,

      I knew Tricky “Dick”-em was in there, and I sure do remember gold at $35 being taken off the Bretton Woods Agreement in 1971.

  10. LOB2065  March 6, 2013 at 7:04 pm

    Gordon, the most important question that you have to ask is:

    WHAT WOULD BE THE PRICE OF OIL IF THE US WAS NOT DIGGING IT OUT OF IT’S OWN BACK YARD???

    If the price of oil hits $150 a barrel the US economy drops dead in its tracks.

    The price of oil was expected to increase by 30% over the last decade because the countries in the Middle East were not capable of digging it out fast enough to keep up with world supply. Also image what the cost of a barrel of oil would be IF THE SANCTIONS ON IRAN WERE REALLY WORKING and they were not supplying the world with oil.

    In Australia, whenever the world economy gets bad we always look to see what we can dig up and sell out of our own back yard.

    I believe that the Chinese and Indians know just how important resources are, especially oil, so I can’t see them obeying America’s unilateral sanctions against Iran.

    China is now the country that does the world most trade, so like an elephant, they now get to sleep anywhere they want to.

  11. ethanallen  March 6, 2013 at 6:42 pm

    In order to make up for the increase in production of crude oil the petroleum industry has closed refineries to prevent an abundance of gasoline and diesel fuel depressing prices.

  12. Allesandro  March 6, 2013 at 3:45 pm

    So how is it that production is up, the economy is in the toilet, people are driving 21% less (last 10 years), homeowners are conserving on heating oil and gas, and prices have quadrupled since Clinton years in $ per Barrel terms. And how is it that heating oil is $3,80 and gasoline $3.85

    Each penny increase + $1 Billion to them and – $1 Billion to us

    Reminds me of our traitorous leaders telling the Shah of Iran back in the 70’s, “Look we can’t get Congress to give you the arms we want to give you, so you need the extra money to buy them, so here’s the deal….you have us by the balls with the oil, so just increase it fourfold and we’ll have to pay, and then you’ll have the money to buy the weapons, no problem, the consumers will pay it, they have no choice”

    Who’s side are they on?

    Or do I have that wrong?

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