Move over, Saudi Arabia. America under President Trump is about to steal the kingdom’s energy exporting crown.

All through his 8 year destruction of America, Barack Hussein Obama did everything he could to stop America from becoming the world’s leader in energy exports. When gas prices topped $4 per gallon in May 2011, President Barack Obama said, “We can’t just drill our way out of the problem.” An obvious lie, so why would Obama say it? Because Obama hates capitalism, and tried his best to convert America to Socialism. If Hillary would have won, the game would have been over. But God had other plans for America, like the Trump Train.

Under President Trump, who has worked tirelessly to undo the Obama-era handcuffs on the United States energy industry, America has become the world’s largest exporter of oil, natural gas and other petroleum products like the gasoline you put in your tank. And in the process have beaten the Saudis. Obama wasn’t stopping energy production to save the environment, he was stopping energy production to cripple and bankrupt America.

America is set to surpass Saudi Arabia in a ‘remarkable’ oil milestone

FROM CNN BUSINESS: The United States will surpass Saudi Arabia later this year in exports of oil, natural gas liquids and petroleum products, like gasoline, according to energy research firm Rystad Energy. That milestone, driven by the transformative shale boom, would make the United States the world’s leading exporter of oil and liquids. That has never happened since Saudi Arabia began selling oil overseas in the 1950s, Rystad said in a report Thursday.

“It’s nothing short of remarkable,” said Ryan Fitzmaurice, energy strategist at Rabobank. “Ten years ago, no one thought it could happen.”

The expected breakthrough reflects how technology has reshaped the global energy landscape. Drilling innovations have opened up huge swaths of oil and natural gas resources that had been trapped in shale oilfields in Texas, North Dakota and elsewhere.

Led by shale, US oil production has more than doubled over the past decade to all-time highs. The United States now pumps more oil than any other country, including Russia and Saudi Arabia.

“The shale boom has driven incredible increases in production,” said Fitzmaurice. “US production is off the charts.”

With ample supply at home, Congress in 2015 lifted the 40-year oil export ban. Overseas oil sales have exploded since then. And the US Gulf Coast is racing to build facilities that can handle surging foreign demand for US crude.
“Excess fossil fuels from America will find plenty of eager buyers in fast-growing Asia,” Per Magnus Nysveen, senior partner at Rystad Energy, wrote in the report.

Saudi Arabia currently exports each day about 7 million barrels of crude oil, along with 2 million barrels of natural gas liquids and petroleum products, according to Rystad. By comparison, the US exports about 3 million barrels per day of crude oil and another 5 million barrels per day of natural gas liquids and petroleum products. READ MORE

President Trump Delivers Remarks at CPAC 2019

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as “energy independence.”

Here we have an interesting parallel. For the past 70 years, nearly all presidents have promised to move the UN Embassy to Jerusalem, and none of them did except for President Trump. For the past 75 years, nearly all presidents have promised energy independence from foreign oil, and none of them delivered on that promise. But now, President Trump has done the impossible. Again.

Last week, the United States from the permian basin in Texas exported more oil overseas than we purchased for here at home. That is an amazing accomplishment, but if you’ll recall, energy independence was one of Donald Trump’s campaign promises, as reported by Politico back in 2016.

The U.S. Just Became a Net Oil Exporter for the First Time in 75 Years

FROM BLOOMBERG: The shift to net exports is the dramatic result of an unprecedented boom in American oil production, with thousands of wells pumping from the Permian region of Texas and New Mexico to the Bakken in North Dakota to the Marcellus in Pennsylvania. U.S. crude shipments reached a record 3.2 million barrels last week, government data show.

The shale revolution has transformed oil wildcatters into billionaires and the U.S. into the world’s largest petroleum producer, surpassing Russia and Saudi Arabia. The power of OPEC has been diminished, undercutting one of the major geopolitical forces of the last half century. The cartel and its allies are meeting in Vienna this week, trying to make a tough choice to cut output and support prices, risking the loss of more market share to the U.S.

“We are becoming the dominant energy power in the world,” said Michael Lynch, president of Strategic Energy & Economic Research. “But, because the change is gradual over time, I don’t think it’s going to cause a huge revolution, but you do have to think that OPEC is going to have to take that into account when they think about cutting.”

The U.S. sold overseas last week a net 211,000 barrels a day of crude and refined products such as gasoline and diesel, compared to net imports of more than 2 million barrels a day on average so far in 2018, and an annual peak of more than 12 million barrels a day in 2005, according to the U.S. Energy Information Administration.

“This plan will make America wealthy again,” Trump told an audience in North Dakota, an epicenter of the U.S. oil boom, which has been suffering in the past two years from a global plunge in petroleum prices. He said: “It’s a choice between sharing in this great energy wealth or sharing in the poverty promised by Hillary Clinton.” Donald Trump, 2016 presidential campaign

The EIA said the U.S. has been a net oil importer in weekly data going back to 1991 and monthly data starting in 1973. Oil historians that have compiled even older annual data using statistics from the American Petroleum Institute said the country has been a net oil importer since 1949, when Harry Truman was at the White House.

On paper, the shift to net oil imports means that the U.S. is today energy independent, achieving a rhetorical aspiration for generations of American politicians, from Jimmy Carter to George W. Bush. Yet, it’s a paper tiger achievement: In reality, the U.S. remains exposed to global energy prices, still affected by the old geopolitics of the Middle East.

While the net balance shows the U.S. is selling more petroleum than buying, American refiners continue to buy millions of barrels each day of overseas crude and fuel.

“Trump is making America great again,” said Joe McMonigle, an oil analyst at Hedgeye Risk Management LLC and a former senior official at the U.S. Energy Department. “First president in modern time to get America to be energy independent, if only for one week.” READ MORE

Now The End Begins is your front line defense against the rising tide of darkness in the last days before the Rapture of the Church

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