Expectations Depletion of America’s oil Reserves

BAGHDAD – Agencies girl United States hopes for broad economic recovery that has been achieved recently in the production of oil and gas Ackrien, but reserves these articles will dry up from the third decade of the century atheist century, to return once again to rely on oil from the Gulf states, as expected, and the International Energy Agency, wondering what If the Gulf states are ready to take the job again on it.
been the past few years have seen a radical shift in the accounts of the United States with bravado experts as being on the verge of a renaissance oil and achieve a degree of “energy independence” on the opposite of the decline expected by many. Went views that Four decades after the Arab oil embargo led by Saudi Arabia, which has shaken the basis of the global system of power in 1973, the United States may withdraw “security umbrella” exorbitant cost of the Gulf oil states.

happened this change in confidence in the prospects for the United States to achieve self-sufficiency in energy pay fever rocks of oil and gas. It quoted the supply of oil shale extracted technology of hydraulic fracturing the United States from a country suffering a shortage of energy to a country that has a surplus of them.
was the United States until last year, imports are often more than 10 million barrels per day, but its imports fell after a rebound in oil extraction rock to 6.5 million barrels per day over the past month, the lowest number in 17 years. A few days ago called for a report funded by the oil industry to allow the export of U.S. oil, and the lifting of the ban since the seventies to sell abroad.

but delighting the U.S. this recovery in domestic production may not last more than a decade, and one or the other, according to the International Energy Agency, which is based in Paris. It will be the growth of oil production in North America peaked in about 2020, and begins to fall in the middle of the decade, as the agency said in a report released in London. The agency said the Organization of Petroleum Exporting Countries “OPEC”, which owns the majority of the remaining oil reserves in the world, it will have to fill the shortfall resulting from this decline.

was the International Energy Agency has launched similar predictions at the height of the production of oil shale in the past year. But, she added in her new place particular emphasis on the warning, saying that the Gulf states do not invest capital required over the long term to meet the global demand in the future.
estimated chief economist Agency Fatih Birol, the Gulf countries should invest 90 billion dollars a year until the end of 2025 to be ready for the advancement of this task. But instead spend a large proportion of its oil revenues amounting to 800 billion dollars a year on new forms of energy subsidies and funding social programs committed to implement since the Arab Spring of 2011.

in the meantime continue to pump investments in the extraction of oil shale in North America, the size of disproportionately Although the peak level which will reach him produce this oil manifested clear to all.
says the International Energy Agency said oil and gas companies will spend more than 850 billion dollars a year on exploration and production during the period from now to 2035, about 80 percent of them to continue operations in the currently producing fields . And go about 25 percent of this spending on the rocks of oil and gas.


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