This video will compare the top 10 countries by oil production from 1965 to 2021 by barrels produced per day. Datasource: BP www.bp.com/en/global/corporat...
This video will compare the top 10 countries by oil production from 1965 to 2021 by barrels produced per day. Be sure to like, comment, and subscribe! Enjoy!
@@thomasfoltin3832 Not really. The more oil there is in the market less its worth. Also it would create conflicts with other nations. Just think of that US Oil as "emergency Oil"
Canada mainly doesn't produce much because of two reasons, mainly because they have no one to sell it to besides USA and USA only wants to buy something like 20% of it's oil from them, 20% from Mexico, and 10% from saudi, and produces 50% at home. So Canada has oil, but a lot of it is locked in the cold and it's like Russia where you have to survive Siberian winter to pump it. That and Canada has always been *ahem* a little too environmentally friendly at least in terms of oil production. If canada and Mexico increased production and sale to USA by 5% or so each then USA would have no reason to buy from saudi Arabia. That is unless it keeps growing and consuming more, which is negligible because it might stay about the same considering adaptation of other forms of energy production also. It's complicated
This is where these kind of videos are relevant and interesting to watch. It's pure data and you can link the evolutions of the charts with international events, pretty effective.
More like this Iraq: hey Kuwait, i will take your oil Kuwait: Good luck, it's not even ours. We just knew from you that we have oil Iraq: liars I'm going in US, UK, ...etc. enters the game
Fracking was first tried in the 1800s. In the 1990s George P. Mitchell created the modern techniques that allowed massive reserves to be accessed affordably,, delaying "peak oil" and lowering prices.
@@clashoclan3371 Outside of the cities it's pretty much mandatory, as there's no alternative. Case in point, where I live there are no passenger trains, no buses unless they're chartered, and not even a taxi unless you arrange it in advance. And I considered driving 15 miles (24km) to work a short drive (previous job was 50 miles (80km), each way).
@@clashoclan3371 because it is decentralized. In Europe 90% of ppl also have cars, but they don't spend as nearly oil on cars as US. Also, US cars are thirsty mother fuckers... you like big things for some reason...
Yeah compared to other countries we have a lot of cars, that also has a lot to do with the high standard of living, people in America have better off than almost every other country
@@vyros.3234 in other first world countries people don't need cars because public transportation is good (i.e. existent) and cities are designed around it
@@spagootest2185 it's more complicated than that. In particular countries they have no choice to use public transportation because it's the best option. The same with new York city. Lots of people take public transportation, ride electric bikes, take the subway, ect ect, but that's only because NYC is so populated that at peak times it's actually stupid to take a car. I live in the same country as NYC and where I live they couldn't even keep the public bus running because so few people used it and it cost too much. Most people need a car even if it's cheap crap box. There is places in USA where public transportation makes more sense still.
@@vyros.3234 North Americans have a lot of cars because most of the territory was designed for road transportation, except older cities like New York, Boston or Montréal. In the great depression (1929-39), governments spent a lot of money to make highways in order to give people some jobs. The result was urban sprawl and low density cities, like the suburbs. I grew up in a typical North American suburb, where you almost can't live without a car. It would have been a 40 minutes walk just to get some milk. When I moved to Montréal, I got rid of my car, as it was more a pain in the as* to keep it. My job is a 3 minutes walk, grocery store is my direct neighbour, the metro station a 5 minutes walk, from where I can get everywhere in the city. And the design of European cities and Japan (and probably other big cities in Asia) is even better because it's more dense and they have better public transportations connecting all the cities, small or big. In many places in North America, you have a car because you can't live without one. It' not a "high standard of living" to not have the choice.
@@blackpaint9093 Jesus. Try to keep up. The falsehood or LIE is that we invade for OUR oil, when the bulk of OUR oil comes from other sources, including those at home. We invade for Europe’s OIL, but they and you don’t seem to understand that.
Interesting how in the financial crisis of 2008 the oil production went up. Boring statistics have an end now with this channel through the dramatic, underlying music. 🤣👍
Yes, all that cheap capital made available for free to the investment banks and private equity needed a place to go, and much was invested in fracking. And leveraged. With covid, the collapse in demand meant the debts could no longer be serviced and lots of wells were taken offline. The more important graphic now is natural gas, which has gotten so high it's crimping manufacturing world wide.
Canada has tons of oil. Problem is they're super environmentalists so getting them to plant a few pumps down and pipeline it to USA to refine is like pulling teeth out of a raging bull.
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We don't have to. And we don't actually. Only Biden begs because he's dumb blind and slow. He tell us to stop expanding so he can go beg Saudi Arabia like a bitch. If he wasn't beta male he wouldn't do that 😂 he could've easily gone to Canada and told them to up oil production by 20% or we're invading and getting it ourselves
Well Obama's second half sure. First half he seemed to not mess with it until he won re-election and then suddenly for some reason he allowed Greta expansion and then trump did the same thing immediately and cut down even more red tape. Then Biden said no more and put all the red tape back and went I beg Saudi Arabia like a bitch so now our demand is going up and our supply trending slowly down so put gas prices go way up
@@tylere.8436 Both are made from the same crude oil which is what this is showing. Gasoline is just refined more, making it more combustible and cleaner to burn.
It's not about socialism or US sanctions. Venezuela while warbling on about it was straight up a Kleptocracy. Chavez, his cronies, and his successor openly steal billions. Draining it from the oil companies, and very other institution in Venezuela. Even without US sanctions when the US still needed oil from venezuela production was already going down because pipes were not being replaced, and other parts. Oil industry has a high rate of attrition for parts. It's a hard business in the best of times, and this is deep in a very inhospitable area. It was already failing long before sanctions, and lifting them would just be a band aid on an already decimated system which Maduro and his cronies are still stealing from in bulk. Norway is socialist and they knew very well to put more money into their oil industry and they squeeze a very effective amount. The only reason their production is going down is simply because it's running out.
Ahh the ol' blame it on the US! I'm sure the state if Venezuela has nothing to do with rampant corruption, mismanagement and incompetence. Why own your own failures when you can behave like a child and blame someone else?
Pretty sure human tribes have been killing each other over every resource since forever. First it was women and animals. Then it was farmland, slaves and salt. Then it was copper and iron. Then it was gold, fish and fur. Then it was oil and diamonds. Next it will be lithium.
Supply vs demand my friend. Plus Biden is stupid so by the time his presidency is over we won't be on top anymore. So our demand is going up while Biden stop us from expanding so our supply is lowering. Supply lowering while demand go up equals higher prices
@@TheAnnoyingBoss Yeah makes since. I mean I don’t buy gas but probably once a week maybe and it’s like 1 full tank. I just don’t see how the demand continues to go up with the price of vehicles being high and the price being high feel like it would lower the price if anything
I don't remember what happens to him but I'm sure it has something to do with oil haha. I remember an old photo of American Marines swimming in Saddams pool at his abandoned palace. They don't let marines do that type of stuff anymore because these days war is filled with booby traps
