Christian Science Monitor takes a look at various claims about which country is the biggest in oil exporting, production, or just “energy”. It finds that the claims are heavily political in intent and not worth a whole lot when it comes to assessing reality. Of particular note is Iran’s claim to being among “top exporters” (a meaningless phrase, the writer contends) when its production has dropped from 2,500,000 barrels per day to 31,450 barrels per day.
Energy politics: Who really leads the world in oil?
Media reports about oil production across the globe are confusing and definitively political along an East-West divide, Alic writes
Iran is one of the world’s top fuel oil exporters, despite sanctions; the US is poised to overtake Saudi Arabia in terms of “hydrocarbon” production; Pakistan has enough oil to become a second Dubai …
It’s a propaganda race to see who can come out on top—at least in the media. Muddling through media reports that are definitively political along an East-West divide can be confusing. So let’s look at it without the political compass.
Last month, the US mainstream media barraged us with simplistic reports about how the US will soon be producing more oil than Saudi Arabia—making America the world’s top producer. Left out of this story was the fact that the math was a bit skewed: the US may end up producing more total hydrocarbons than Saudi Arabia soon (say, by 2020), but not crude oil, which is what really counts.