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**secondmortgages** · 07-05-2008, 09:47 PM

Originally posted by Oerdin
Russian daily output 8.4 million barrals, US output 7.2 million barrels, or about a 15% difference in output. It seems the only reason people talk about Russia oil output so much and not US oil output is because consumption is so low in Russia that they're able to export much of that oil while the US is a net importer. (And Russia's reserves are far higher and production just hasn't ramped up yet. You left that part out.)

07-05-2008, 09:47 PM	#9
secondmortgages Join Date Oct 2005 Posts 455 Senior Member	Originally posted by Oerdin Russian daily output 8.4 million barrals, US output 7.2 million barrels, or about a 15% difference in output. It seems the only reason people talk about Russia oil output so much and not US oil output is because consumption is so low in Russia that they're able to export much of that oil while the US is a net importer. (And Russia's reserves are far higher and production just hasn't ramped up yet. You left that part out.)
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