U.S. Ends Reliance On Foreign Oil For First Time In 75 Years

Published on by sunshinehours1Leave a comment

What an amazing turnaround. From 14 million bpd net imports to -211,000 bpd in 13 years.

For the first time in 75 years, the United States exported more oil than it imported, carrying out a pledge from President Trump that America can achieve “energy independence.”

While the U.S. has been a net oil importer since 1949, over the final week of November, U.S. net imports of crude oil and petroleum products fell to minus 211,000 barrels per day (bpd) — which means America exported more than it imported, according to data from U.S. Energy Information and Administration.

Oil production has been booming in the U.S. as the shale revolution swept the nation. America is now the world’s largest producer of petroleum, passing Russia and Saudi Arabia. As the U.S. oil boom spread, the power of OPEC was reduced and gas prices in the U.S. have dropped from the $4+ highs under former president Barack Obama.

Net imports peaked in 2005, topping 14 million bpd …

Advertisements

Karakatau

Published on by sunshinehours1Leave a comment

Anak Krakatau volcanic activity between 24.-26.Oct.2018. All explosions filmed in real time, even at night ! Note abundant volcanic lightning visible at night. Also lavabombs hitting into the sea and causing fires inside the forest. Daylight explosions with view into the crater from drone.

Bioenergy Climate Bomb

Published on by sunshinehours1Leave a comment

Trees are not the solution to high CO2 despite what “scientists” say.

I’m not worried about CO2, but I am worried about the governments and people who lie and say burning trees is low-CO2. Some people get it.

KATOWICE, Poland – Today, it’s being called the bomb that could explode the United Nations carbon climate emissions accounting system ­– and possibly destabilize the global climate.

When first conceived, this bomb was thought to be a boon: turn trees and woody biomass into wood pellets. Burn that woody biomass at power plants instead of coal to generate electricity. Plant more trees where the wood was harvested to offset the emissions produced by burning pellets. Then call it green and celebrate a sustainable way to reduce coal emissions.

Some 20 years ago, bioenergy produced from biomass was seen as the next new thing, and a valuable sustainable resource. And because it was deemed renewable, countries that burned biomass – wood pellets instead of coal – would not be required to count those carbon emissions. All that carbon dioxide was believed to be absorbed by the new tree seedlings.

For the purpose of United Nations carbon accounting policy, established under the Kyoto Protocol, the burning of biomass was established as, and is still considered, carbon neutral.

But in recent years, the supposed benign process has been revealed through a series of scientific studies and reports to be a dangerous fraud. It is the ticking bomb underlying the UN accounting system; a potentially large-scale hidden, unreported source of carbon emissions that helps developed countries to meet their Paris pledges.

Read the rest