Can the US become EU's oil supplier??

[Mauser]

I am sure USA would love to be the energy supplier of Europe, but I don't think this a stable and long term solution for our energy crisis. There are several issues which will have strong political impacts in the future. First of all, fracking is not allowed in Europe because it's too harmful for the environment. As long as fracking is banned in Europe it seems very risky to import gas that comes from America. Right now everything is accepted because of the crisis and the Russia Ukraine war. But once things normalise there will be a stronger political opposition. Another issue is that Russian energy is so much cheaper than the one from USA. If Europe will stop buying all the energy from Russia than other countries will buy that cheap energy. This will hurt European companies who are already struggling with the high inflation. Once worker are being laid off the political pressure will rise again. I don't think USA will be the long term trade partner for energy with Europe.

[naira]

We've had the issue of the Russians retaliating against all the sanctions imposed on them by threatening- if I can be allowed to use that word- to cut off supply of crude to the EU and the body deciding to reduce it's use and dependence on their oil. This sounds achievable, right? Fine..
 Over the years, the US have been known to have amassed a lot of crude oil and gas to last generations! US oil purchase history

In addition to licensing in drilling in the US, there are also problems with the level of demand, which of course the US has not been able to provide guarantees to the EU in the long term. As a producer, it is clear the US does not want to lose some of its main revenue. Even when Russia aggressively stops into the territory it deems to be non-allies, it only benefits Asian countries like China by getting cheap prices. The European Union is still dependent on Russia and is slowly easing its sanctions.

[Reid]

Thanks to Iran and Iraq.  US is not a supplier according to my own opinion.
They are consumers. And because they lack the capability of producing oil, they tried to make war with the places where its abundant.
US supplying EU is a no go. I doubt it will happen. Even if US will make a promise to do so, EU will not believe it as it will also have a big expense for the pipelines.
It's not that I am a pro Russia but it's not just going to happen for Russia had colonized them in terms of oil supply.

[fullhdpixel]

Can I give you a peak into the crystal ball... to show you what is going to happen in the future?

1. The war between Russia and the Ukraine is going to end soon. (over time the EU is going to forget about this)
2. The EU will start to invest more into renewable energy alternatives. (Reducing their need to rely on Russian oil)
3. The Russians will find other countries to buy their oil. (Example : India and more African countries)

So in conclusion.... Russia will still sell the same amount of oil to other countries and the EU will still buy from them after the war, because their alternative solutions will take time to replace their need for oil. 

Didn't know that you have a talent like that, to see the future lol but seriously war's between Russia and Ukraine can really end soon once they got bored or no other places to destroy anymore but no, EU and other countries aren't going to forget about the trauma that they built. EU can use renewable energies but I think it's not that efficient but they might still need the traditional oil but there are still countries where they can get oil not only in Russia.

The number 3 on your list is already happening. That was what Russia is doing during the time the sanctions are applied and maybe those countries who got the oil can resell it again to other countries for an extra price.

[South Park]

There's a plethora of reasons why this shift wouldn't be so easy for the Europeans, much more the USA. The US is a country hugely dependent on oil, and even if they can produce what they needed and keep some of it on reserves, they still can't supply the demand of oil in EU. Most probably, these European countries would still be buying from the Russians as things ease out on the war. They'd just hide it under the rug and pretend that things didn't happen because they need that oil more than anything else in the world.

There were reasons why Russia was the supplier of Europe when it comes to gas and oil, it is close, pipelines were constructed and Russia has way more oil and gas than what they need, neither of those factors exist when it comes to the US, the US is too far away, there is no infrastructure ready and the US does not have enough oil and gas to spare for Europe, so while on the short term something could be done to alleviate somehow the energy crisis Europe is going through, it will never be the long term solution the European leaders are looking for.

[romero121]

USA have big oil reserve which is being kept to handle unexpected needs. They always have a long term focus and work on it. As said, the infrastructure is not supportive as well as the supply is low compared to Russian oil. For some time period European countries need to sustain with what is available and the solution is through Gulf countries and not out of USA. European countries have moved to think with the alternate plans of solar energy generation which is quite good for long term than depending for oil.

[edgycorner]

Russia has long since turned its oil export market to Asia and no longer considers Europe as its important partner, Russia has overtaken Saudi Arabia to become the second largest oil supplier in India. It will hurt more for the EU if the EU completely cuts off oil supplies from Russia and it will increasingly rely on the grace of the US, more dependent on the US. This is what the US really wants.

There's still Norway, West Africa, Middle east. Until the import from Russia becomes illegal(Feb 2023) refiners would be buying from Russia like there's no tomorrow.

Anyhow, it's ironic because Russia has exported more oil than ever in this period and continues to make record profit. Almost making 25 billion dollars each passing month and it will continue to rise simply because everyone will be stocking before the ban. Giving Russia ample of time to develop relations with other non-EU countries to sell their oil at a better price.
Nothing will change for Russia.

Shows you how much hypocrisy there is within the EU  

[Leviathan.007]

It's not just about the USA but there are many other new oil suppliers that will try to act as an alternative and supply the oil of European countries because of the problem they have with Russia and the USA is just one of them, however, whenever we talk about supplying oil we should not forget about transferring oil to European countries Russia could easily send oil and gas without of any problem for years while there are many other suppliers like the Arabs and USA but comparing to Russia they are really far this will increase the shipping fees and in the result, the oil will become more expensive for Europe.

[numberd]

This is not possible, it would be very difficult without a pipeline between the US and Europe, it would be a huge expense, and it would not be possible. There are also some countries in the EU that absolutely disagree. If dependent on the United States, the European Union will decline.

[paxmao]

It is already a supplier as far as I know, the problem with US oil is that is not going to be as cheap as other sources that are more readily available and can be extracted at a cheaper cost. The fracking process requires continuous CAPEX investments that are much larger than those required for conventional oil. Despite the major "easy" fields have been used up, there is still much better quality and price outside US.

[Sithara007]

It is already a supplier as far as I know, the problem with US oil is that is not going to be as cheap as other sources that are more readily available and can be extracted at a cheaper cost. The fracking process requires continuous CAPEX investments that are much larger than those required for conventional oil. Despite the major "easy" fields have been used up, there is still much better quality and price outside US.

Shale oil costs anywhere between $40 and $60 per barrel to extract (taking in to account the higher labor cost in the United States). And this is the reason why a lot of the companies filed for bankruptcy back in 2020, when the crude prices went down to $40 per barrel. Even now they haven't resumed production at full capacity. The shale oil producers, as well as OPEC+ understands that oversupply can once again bring down the prices to 2020 levels. So even if they have the capacity to increase production, the oil producers won't be that excited to do so.

[amishmanish]

US is not a great oil producer, yes it has vast deposits. Shale gas is also an asset of US, but if you that can transported in a cost effective manner to Europe through Pacific and as cost effective as Russians do to Europe than it can make some sense, but that's improbable. Yes US can force Russia to supply gas at lower costs to Europe by a mix of market manipulation and sanctions

[justdimin]

It is already a supplier as far as I know, the problem with US oil is that is not going to be as cheap as other sources that are more readily available and can be extracted at a cheaper cost. The fracking process requires continuous CAPEX investments that are much larger than those required for conventional oil. Despite the major "easy" fields have been used up, there is still much better quality and price outside US.

Being supplier and being "the" supplier is a big difference. If USA had enough oil than first order of business would be making sure that its own people would buy it cheap, but they can't make the companies sell it for cheap when the price is so high. Companies in oil business are making more profit, but the price of oil is high right now so they can't just say "stop with the increasing prices" because it is increasing already and they can't do anything about it.

But, if they could somehow manage to make it stop, then they would be able to cheapen it for the citizens, not Europe. So, they can't just cover all of the needs from EU, maybe Arabic countries with a bunch of oil could help EU instead.

[DrBeer]

The US can supply exactly the same oil to the EU as any other supplier! Moreover, an agreement has already been reached on increasing the level of shale oil production in the United States, which can partially cover the volume that the terrorist country supplied to the EU. The question is who will cover the rest? But the problem is that over the next 4 years, Saudi Arabia will increase (by the way, production was already raised in July and August) production, which will cover 80% of Russia's oil supplies to the EU. I think that the time is not so far away when Venezuela will return to contacts with an adequate world and resume oil supplies to the whole world.

[Vaskiy]

US is not a great oil producer, yes it has vast deposits. Shale gas is also an asset of US, but if you that can transported in a cost effective manner to Europe through Pacific and as cost effective as Russians do to Europe than it can make some sense, but that's improbable. Yes US can force Russia to supply gas at lower costs to Europe by a mix of market manipulation and sanctions

US have got big oil reserve, but it keeps it away from exporting. It makes good relations with Gulf countries and make use of the oil. If USA and Russia are in good relation what you've said could happen through agreement, but not through manipulation and sanctions. The oil producers limiting the production to increase demand too a reason for the oil problem all around. Moving to the renewable energy sources is the right choice for now than looking over the oil issues.

[Kadal Ijo]

Oil prices fall but world oil needs continue to increase, especially the European region which is the world's largest oil consumer, I think it is difficult to meet the needs of European oil, especially since the US is also the world's largest oil importer, unless Europe wants to buy at a more expensive price.

[el kaka22]

Europe has Arabic countries right there, why would they need it from USA? I mean maybe there could be some problems politically with them too but I guess it is not as much and we will probably see a better and easier logistical solutions if we do that.

Sure you can do USA to EU as well via ships if we are talking about just Oil, the amount of oil one ship can carry could be huge, and if you have constant ships going and coming back constantly then it could survive and works out. BUT! why would you, you could literally just have Saudi oil as your main resource and could get it via some pipe or something if you really wish to and you could feed the entire Europe with that.

[coupable]

There are better options than the United States to supply oil to the European Union, including the Arab Gulf states, in terms of ease and speed of transportation, as well as cost. Crude oil can be imported from Saudi Arabia and re-refined in European platforms.
The matter does not seem the same with regard to gas supplies, since natural gas can only be transported in pipelines, which of course do not currently exist and will require years to establish to connect with producing countries. Therefore, the only solution is to import liquefied gas, which costs more and requires platforms to convert it into natural gas after transferring it. Most EU countries do not have these platforms .

[Gozie51]

Oil prices fall but world oil needs continue to increase, especially the European region which is the world's largest oil consumer, I think it is difficult to meet the needs of European oil, especially since the US is also the world's largest oil importer, unless Europe wants to buy at a more expensive price.

The demand for oil is not stopping any time soon whether in Europe or across the world. The issue that the europe energy need is on the public is because of the retaliatory sanction from Russia and this shows that oil is still at high demand. US will not be able to take care of the oil need of Europe alone so they will also need help from neighbouring continent.

[gweb1996]

  With all the ruckus surrounding America right now; their part in the Taiwan issue and also their less than secret partnership with the Ukrainians, I think it's safe to say that Biden has a lot on his plate. But how about we add more??
 We've had the issue of the Russians retaliating against all the sanctions imposed on them by threatening- if I can be allowed to use that word- to cut off supply of crude to the EU and the body deciding to reduce it's use and dependence on their oil. This sounds achievable, right? Fine..
 Over the years, the US have been known to have amassed a lot of crude oil and gas to last generations! US oil purchase history

 And Russia has earned almost a $100bn just from sales to the EU. Correct me if I'm wrong, but I think it's from such means they are being able to foster the war, so if the US can block this means and become the only supplier to the EU, it could cause a big deal between the US and Russia. But the question there will be; can they risk it?

What oil ? EU is going net zero ... they are trying to starve us here