US could outproduce Russia, Saudi Arabia in oil and gas

[Hello_10]

If US becomes the new middle east then the hegemony of the dollar is secure for the forseaable and even non-forseeable future to come.

population of Saudi Arabia is hardly around 30mil but this much hefty oil export could only raise their per capita income to $22,000 on PPP by 2011, at this high price of oil. being energy independent will certainly help US but they can't feed their 320mil population by just exporting oil and gas . even in case of Australia type resource rich country, its population is hardly 22mil but even little loss on export side trouble the whole economy............

we have future of only CHina, ASEAN, India type countries who may make themselves self dependent. losing industries to Asia will certainly make a high impact on the economies of US/EU. but we would also wish that OECD would maintain their economy size at least by next 3-4 years until the heavily export dependent Asian economies like China, ASEAN may get comfortable by having enough domestic demands also. future of Asia is dependent on the success of emerging Asian economies and its a good news that now export to GDP of China is around 25%, as compare to 40% in 2008. and the time CHina will reach export to GDP level at 15%, hopefully by 2015, we will then be better prepared to face free fall of OECD economies from then onward......

till then, we only hope US to sell gas and oil in open market to reduce its international price for now. have a look on the difference of gas price in US and Asia, if they start selling gas in open market then it will certainly reduce the overall price by upto 50% in just few months...

 

[ephone]

Only China deals with the mess???

US is leaving the restive middle-east oil rich regions for China. Let China deal with this mess

 

[gambit]

US strategy-

Suck the arab countries of Oil- eventualy the rest of other oil producing countries aswell-

In the end produce oil for themselves- from their own backyard-

Clever !!!!-

Sssshhh...Keep quiet...!!! Remember, we are nothing but a bunch of fat, ignorant, and uneducated, hamburger munchers.

 

[Hello_10]

Sssshhh...Keep quiet...!!! Remember, we are nothing but a bunch of fat, ignorant, and uneducated, hamburger munchers.

true and a fair statement . and this way, US now has hope from selling oil/gas to feed its civilians, the level they have reached till now. same is true in case of Canada/Australia but not in case of EU's economies, as, as they dont have enough oil/gas so no guarantee of hamburgers in future??