Oil Reserves
U.S. Wants to Use
Up our Oil Reserves as Quickly as Possible However, the number one producer of oil is preparing to cut back and let the U.S. take over. They want to keep their oil in the ground and and focus 100 percent on Renewable Energy. That's right. Saudi Arabia, Right now, the U.S. is paying much less to import oil than most countries. However, Saudi Arabia is thinking of the future and if and when countries like the U.S. run out or come up short for oil, Saudi Arabia and other oil producing countries like them, have us at their will. In the meantime, they will be working on ways to reduce their own dependence on oil. That's something we ought to be doing, but with our political system, we can only think in two-year increments and have little or no concentration on our future on this planet without oil. I believe that it would be in the
interest of future generations to follow Saudi Arabia,
concentrate on developing renewable energy sources, and
products that use renewable products for their creation. I
would reestablish air, water and land quality oversight to
all mining, drilling, and fracking operations and eliminate
exports of our those national resources that cannot be
replaced in a relatively short timeframe. - Gordon Clay Top
Oil-Producing Country Intends to Focus '100 Percent' On
Renewable Energy Saudi Arabia is the world's top producer of oil, extracting approximately 11.6 million barrels every day. The oil takes care of approximately two-thirds of the kingdom's own energy needs and is the lynchpin of the country's lucrative exports. So how is the oil-rich country planning for its energy needs in the future? By focusing on renewable energy. Earlier this week, Prince Turki Al Faisal Al Saud, a top spokesperson for Saudi Arabia, said that Saudi Arabia intends to generate 100 percent of its power from renewable sources, such as nuclear, solar, and low-carbon energies. "Oil is more precious for us underground than as a fuel source," said the prince, whose country holds approximately 20 percent of the world's oil reserves, according to the International Energy Agency. "If we can get to the point where we can replace fossil fuels and use oil to produce other products that are useful, that would be very good for the world." In related news, the U.S. is giving Saudi Arabia a run for the title of world's top oil-producing country, a boom that has left many experts surprised. U.S. production of oil is on pace to rise 7 percent this year to a daily average of 10.9 million barrels. The Energy Department forecasts that production will continue its rise and average 11.4 million barrels per day in 2013. "Five years ago, if I or anyone had predicted today's production growth, people who have thought we were crazy," Jim Burkhard, the head of joil markets research at IHS CERA tells The Huffington Post. Should the projections hold, the U.S. will supplant Russia as the world's second-largest oil producer. Here's a look at the world's top oil-producing countries, according to Central Intelligence Agency statistics: 1. Saudi Arabia 11.6 million barrels
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