Drumbeat: December 7, 2012

theoildrum.com 07 Dec '12, 3pm

Drumbeat: December 7, 2012

Posted by Leanan on December 7, 2012 - 10:11am World's oil industry won't be the same in the wake of shale US domestic oil production has jumped by 18 per cent in the past year as the shale boom has expanded, and in the first eight months of this year oil imports were 800,000 barrels a day fewer than a year earlier. America's oil exports rose over the same time by 300,000 barrels a day, so net imports have fallen in just one year by 1.1 million barrels a day, or about 6 per cent of total consumption. If that pace if sustained the International Energy Agency's prediction of self sufficiency for the US by 2030 will prove to be conservative. Oil production from shale in the US is rising much more strongly than expected because the boom itself is working to shift production into liquids. The shale contains a mix of gas and liquids including oil, and enough gas has been discove...

Full article: http://www.theoildrum.com/node/9684

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@etenebrislux » 16 Dec '12, 1am
US oil imports slump. not good for tar sands. Nexen a fire sale? The Oil Drum | Drumbeat: December 7, 2012#cdnpoli [link]
@AdaptToReality » 09 Dec '12, 9am
RT @ToddSullivan: Drumbeat: December 7, 2012 [link] "worlds oil industry won't be the same after shale" $USO
@ToddSullivan » 09 Dec '12, 1am
Drumbeat: December 7, 2012 [link] "worlds oil industry won't be the same after shale" $USO
@CmcMundial » 07 Dec '12, 3pm
RT @TheOilDrum: Drumbeat: December 7, 2012 [link]
@plsimmo » 07 Dec '12, 3pm
Oil Drum:- [link]
@EnergySysNews » 07 Dec '12, 3pm
[oilbarrel] Drumbeat: December 7, 2012: World's oil industry won't be the same in the wake of shale US domestic ... [link]
@jvogler » 07 Dec '12, 3pm
Drumbeat: December 7, 2012: World's oil industry won't be the same in the wake of shale US domestic oil producti... [link]
@openib » 07 Dec '12, 3pm
Drumbeat: December 7, 2012: World's oil industry won't be the same in the wake of shale US domestic oil ... [link] #iSolar
@bigpicturetv » 07 Dec '12, 3pm
The Oil Drum: Drumbeat: December 7, 2012: World's oil industry won't be the same in the wake of shale US domesti... [link]
@WeBuyWasteOil » 07 Dec '12, 3pm
Drumbeat: December 7, 2012 [link] [link]
@komaliaint » 07 Dec '12, 3pm
Drumbeat: December 7, 2012: World's oil industry won't be the same in the wake of shale US domestic oil producti... [link]
@cfroyalty » 07 Dec '12, 3pm
Drumbeat: December 7, 2012: World's oil industry won't be the same in the wake of shale US ... [link] [link]
@TheOilDrum » 07 Dec '12, 3pm
Drumbeat: December 7, 2012 [link]