Author: revolt

Russia is sick, very sick.   [Copy link] 中文

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Post time 2014-12-23 00:03:46 |Display all floors
Russia is the top oil and gas producer at 10 million barrels a day follow by Saudi (9.7 million barrels a day) and the US (7.5 million barrels a day), for 2013/14 estimate.

http://en.wikipedia.org/wiki/List_of_countries_by_oil_production

1         Russia        10,053,800        13.80%        2013 est.
2         Saudi Arabia        9,693,200        13.09%        2013 est.
3         United States        7,441,200        12.23%        2013 est.[7]
4         China        4,372,000        5.15%        2014 est.
5         Canada        3,856,000        4.54%        2014 est.
6         Iran        3,518,000        4.14%        2014 est.
7         Iraq        3,400,000        3.75%        2013 est.
8         United Arab Emirates        3,087,000        3.32%        2013 est.
9         Venezuela        3,023,000        3.56%        2013 est.
10         Mexico        2,934,000        3.56%        2013 est.


Why China is also producing so much oil at 4.3 million barrels a day  ? This is about USD300 million a day, and about USD90 billion per year worth of oil produce inside China.

This is a stupid China planning strategy.     Why can't China reduce her trade surplus by importing USD90 billion worth of oil yearly, and therefore lower her trillion dollars foreign reserves ?

China should keep her oil reserve underground and only to be use for future generations. Oil have a byproduct which is very important for computer to function. When no more oil in the future, say after 100 years, there are no cheaper alternative to oil raw materials to make computers.



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Post time 2014-12-23 00:42:05 |Display all floors
Hate the evil Vladimir Putin

Hate!  Hate!  Hate!


"Nineteen Eighty-Four"

written by George Orwell


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Post time 2014-12-23 00:49:09 |Display all floors
dragon8 Post time: 2014-12-23 00:42
Hate the evil Vladimir Putin

Hate!  Hate!  Hate!

yes..................good book about Russia and China.





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Snowipine

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Glod Medal Blogger of 2013

Post time 2014-12-23 09:23:23 |Display all floors
bushier Post time: 2014-12-23 00:03
Russia is the top oil and gas producer at 10 million barrels a day follow by Saudi (9.7 million barr ...

Underground stocking facilities need plenty of money, sure it is important for strategic reserve, however, it is quite impossible the oil reserves  can be used up to many years.

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Post time 2014-12-24 07:09:37 |Display all floors
greendragon Post time: 2014-12-22 14:19
where's their fields?

North Dakota comes to mind and most refineries burn it off as a waste gas, for some reason we just do not use much of it.

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Post time 2017-8-20 21:50:55 |Display all floors
So many people here 'whistling past the graveyard.'

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