Energy Information Agency

Posted by Yusuf on June 20th, 2017 — Posted in News

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This is a dream. Every serious outlook on the use of oil for the next 50 years, including even predictions of serious organizations like the Ministry of Energy and Energy Agency, World, suggests that 75% of all fuel will continue is made from crude oil. Today, the United States consumes 21 million barrels of oil per day. But their own supplies make only 8.5 million. This is clearly not enough. Consumption in the world is 85 million barrels of oil per day and increasing annually by 1 million barrels per day, due to the fact that India, China and the Middle East began to consume more. Further details can be found at Cyrus, an internet resource. And they account for 40% of the planet.

U.S. will inevitably compete with these countries on consumption, which will continue to provoke a price increase and political confrontation. With our thirst for oil, keep our crime, ample resources, untapped. By 2050, world population will increase by 2 billion people, and the U.S. will be 100 million people more (based on the estimated census). An increase in the number of people will increase energy consumption.

But how much? That is the question. Energy Information Agency (Energy Information Administration, EIA) expects that by 2030 year, oil consumption will increase by 40%. This is a great deal. EIA predicts that global oil companies will invest at least $ 8 trillion annually to support global economic growth. C Democratic Party, which advocates for tax increases, nationalization of oil companies and forcing top officials of these companies, almost every month to report to Congress, it is surprising that we do there is oil. When income is reduced, reduced and investments that are profitable. This means that the oil extracted in the future will be less, not more. During the period from 1990 to 2006, oil invested $ 1.2 trillion, according to compared with 900 billion profits. Those who accuse them of collusion or speculation – are lying. If we do not develop our own resources and do not reduce consumption to a large extent, we are forced to buy oil for abroad, turning back a huge amount of dollars. At current prices the U.S. will buy oil at $ 600 billion, with the remainder of the year. This is slightly less than our current trade deficit of 700 billion. Due to the fact that the U.S. in desperate need of oil, America has now become number one in any doubt, wars and conflicts, where only part of the countries and peoples, are active supporters of terrorism. We do not do better, giving up develop its own oil fields.

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