On May 9, 2012, 4 city in central Japan coast found a cruise ship loaded with U.S. crude oil. According to the report, this is Japan's first batch of crude oil imports from the United States, and it is also the exempt from 40 years after the ban of crude oil for the first batch of export crude oil, the crude oil quantity in more than 300000 barrels a day, leaving Houston, Texas, from the United States by the moment of up to 50 days arrived in Japan.
It is reported that in recent years, because of the progress of the hydraulic fracturing skills oil used for mining, to the United States on the yield of oil greatly advance the power, oil production add sharply. The skills development is conducive to justify the America's huge oil and shale gas storage. International power agency (IEA) information revealed, the United States will become international in 2020 at the mercy of the largest oil producer. Data show that bag yesterday five years North Dakota shale oil field production to add more than five times, the output value reached 951000 barrels per day in February, and shale oil field production to add more than doubled, Texas, equivalent to 2.9 million barrels per day.
Because of the shale oil skills, who laid the U.S. in the oil business and azimuth. From 40 years of oil after the ban, the speculating on the international oil market is enough to make the United States, in Japan before without oil imports from the United States, Japan's top oil from the Middle East, the united Arab emirates, Saudi Arabia, Kuwait, Iran, Qatar is arranged, the top five above accounted for 70% of Japan's imports of oil, the author thought that the first oil exports to Japan marked the changes in the international oil market format, to at that time, the status quo of the U.S. economy is pale, shale oil exports not the kui is a way of a recovery in the United States economy, but on the Middle East oil producers, it will be the beginning of a nightmare, the oil market is Middle East oil producers in the heart of king forever, shale oil exports to the Middle East oil producers in the oil ratio will be swallowed up in the market place. The oil seesaw battle has begun, the shale oil will bring international oil market and what kind of impact?
In just four years, America's shale oil production from the beginning of 2009, 250000 barrels a day is added to 2.25 million barrels per day in 2012, added eight times, in which about 85% from the bakken and eagle ford shale oil region. Thus advancing the U.S. crude oil output from 5.36 million barrels a day to 6.49 million barrels a day, meanwhile, shale oil accounted for in the crude oil production in the United States also improved from 4.7% to 35%.
Based on the EIA of speculation, measure to 2021 American shale oil production will peak 4.8 million barrels a day, about 51% of the U.S. crude oil output. Then the shale oil production beginning slowly cut, at the mercy of measure in 2040 fell to 3.2 million barrels per day, but still account for 42.7% of the U.S. when crude oil output, will still be U.S. crude oil supply of primary energy.
Shale oil exports to speed up to America's economic recovery
First, shale oil exports will move further add us oil production. There is no doubt that guarantee to keep oil producing business profits, to ensure that the shale oil yield, return on investment is very first, fully justify us oil yield potential. This will make us have won international orientation of the largest oil producer, to enhance the orientation in the power market. Second, rolled out export add stocks move work and economic, boost the U.S. economic recovery. After crude oil export ban from will be active in north American oil supplies. Spread out the recovery of crude oil exports to the United States will play a leading role, not only will add output, will also bring more work and residents' disposable income. In addition, promised to export to the United States the impact of oil trading is considerable. In the end, roll out petrol price will drop in exports, to benefit people. Is about cost, rolled out crude exports can add global supply, international oil prices lower, and the price effect will eventually transmission back to the United States, the decline in U.S. gasoline sales price, and cost savings.
Shale oil shocks in the Middle East oil market proportion
In 2009 the United States is the world's largest oil importer, high annual imports reached 500 million tons, accounting for more than 60% of the amount of U.S. crude oil cost, endless oil imports left everything including the Middle East oil producers producers huge dollar store, America became the world's biggest debtor. However, shale gas after the innovation, under the propulsion of high oil prices, U.S. oil production start soaring, beginning America's imports have fallen sharply, and even start oil exports to South Korea, Japan, a big increase in oil production in the United States in 2014, reach 8.95 million b/d, the highest level in nearly 30 years. Together, the domestic cost proportion of imported crude oil has fallen sharply from 60% in 2005 to 30% of that time. And in accordance with the international power agency (IEA), a measure, by 2020 the us beyond the Saudi Arabia, become the world's biggest oil producer. Market proportion of declining, far more fear than oil prices fell, so it is necessary to fight for the proportion, even animal fight, so is necessary. Oil supply of American shopping malls offer more of its exports to the far east is low, intention is to suppress the shale oil and gas yield; Saudi Arabia and other more of a resolution greater planning quotations down, the market proportion of shale oil and gas out as far as possible.
The influence of shale oil on the global crude oil store format
The shale oil exports to the global oil trade format also primary effect will occur. From the point of impact on trade flows, rolled out exports will optimize the global oil supply structure, the deployment of oil and refinery power will get progress. Strong Asian oil refining career needs in recent years, America's shale oil export market in Asia will have infinite potential, while European light, sweet crude oil refinery equipment is more suitable for processing, so the light oil to the United States to accept ability is stronger, so U.S. exports of crude oil will be the primary flow to the Asia and Europe market. Together, the United States because of supply add instead of Africa, Latin America and the Middle East crude oil supplier, will find their directions of shopping malls in Asia.
Shale oil innovation open a new chapter of the American oil bearing, kissinger said: who controls the oil, who is handling the international. Game between oil shale oil and land has a long way to go, but I prefer shopping mall to determine oil ontology this concept, now, the new shopping mall, need about power is great, all sales from stores start, all the quotation from the beginning of supply and demand quantity, whether it's oil shale oil is still the land, who grasp the market proportion, who can smile to the end.