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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.
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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. Yup, and we also have huge output of natural gas. |
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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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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. What year are those stats and from who? Stats that I have for 2007 from BP are 9.978 for Russia and 6.879 for the US. A 43% difference. Russia's production has also been increasing every year on year since 1998. |
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