US All Liquid Oil Production is at 73% of OPEC Oil Production

US All Liquids oil production is at 19.6 million barrels per day. US oil production is forecasted to increase by 1-2 million barrels per day by the end of 2020. US crude oil production is at 12.5 million barrels per day.

Saudi Arabia had to cut oil production to support oil prices. Saudi Arabia is producing 10.6 million barrels per day.

Russian crude oil production is at 11.7 million barrels per day.

The US will be passing the 20 million barrel per day all liquids production level by the end of this year.

The US all liquids oil production should pass combined Saudi Arabia and Russian oil production levels in 2021.

Canada is at 4.2 million barrels per day of crude oil production.

Combined US and Canada crude oil production should surpass Saudi Arabia and Russia crude oil production in 2021 or 2022.

Mexico is at 1.68 million barrels per day of crude oil production.

Combined US, Canada and Mexico crude oil production could surpass Saudi Arabia and Russia crude oil production in 2020.

Combined US, Canada and Mexico all liquid production should surpass OPEC crude oil production in 2020.

Enterprise Products Partners is a midstream oil and gas company with a $64 billion market valuation. They have a forecast of US oil and gas by region from now to 2025.

The US will increase from 12.5 million barrels per day of crude oil and condensate to 17 million barrels per day in 2025.
The US will increase natural gas liquids from 5.5 million barrels per day today to 8.5 million barrels per day to 2025.

If OPEC remains frozen at about 26 million barrels per day, the US will be very close to equaling OPEC based upon oil and natural gas liquid production.

US All liquids production in 2025 would be about 27 million barrels per day. The US oil and liquids production could surpass OPEC in 2025.

The US uses about 21 million barrels per day in oil and liquids. Increased use of electric cars and other efficiency gains will keep this level of oil usage steady and could decrease US consumption. This will mean that the US would be a net exporter of about 6 million barrels per day in 2025. At $60 per barrel, this would be about $131 billion dollars per year.

This will be a huge geopolitical and business shift.

Bloomberg has tracks OPEC production targets.

Brian Wang

Brian Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.

He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You.  He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.

He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.

He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech,  agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.