brenthutch 388 #1 November 13, 2012 "and will be energy independent 10 years later, according to a new forecast by the International Energy Agency. " "The U.S. is experiencing an oil boom, in large part thanks to high world prices and new technologies, including hydraulic fracking, that have made the extraction of oil and gas from shale rock commercially viable. "From 2008 to 2011, U.S. crude oil production jumped 14%, according to the U.S. Energy Information Administration. Natural gas production is up by about 10% over the same period." "The United States, which currently imports around 20% of its total energy needs, becomes all but self sufficient in net terms -- a dramatic reversal of the trend seen in most other energy importing countries," http://money.cnn.com/2012/11/12/news/economy/us-oil-production-energy/index.html?iid=Popular Checkmate! Quote Share this post Link to post Share on other sites
brenthutch 388 #2 November 13, 2012 from the Guardian; That right wing sounding board "What follows from this is that the idea of peak oil has gone up in flames. We do not have too little fossil fuel, we have far too much." Quote Share this post Link to post Share on other sites
kelpdiver 2 #3 November 13, 2012 repost...your own, in fact. Quote Share this post Link to post Share on other sites
ShcShc11 0 #4 November 13, 2012 Natural Gas is honestly a gold mine for the U.S akin of 1899 Boer gold rush for the U.K Its REALLY looking promising (and getting cheaper and safer) Cheers! Shc Quote Share this post Link to post Share on other sites
brenthutch 388 #5 November 13, 2012 Just found some more facts to share. Quote Share this post Link to post Share on other sites
Arvoitus 1 #6 November 13, 2012 I laughed out loud when I heard that news last night, thats some hardcore wishful thinking right there.Your rights end where my feelings begin. Quote Share this post Link to post Share on other sites
Skyrad 0 #7 November 13, 2012 Quote"and will be energy independent 10 years later, according to a new forecast by the International Energy Agency. " "The U.S. is experiencing an oil boom, in large part thanks to high world prices and new technologies, including hydraulic fracking, that have made the extraction of oil and gas from shale rock commercially viable. "From 2008 to 2011, U.S. crude oil production jumped 14%, according to the U.S. Energy Information Administration. Natural gas production is up by about 10% over the same period." "The United States, which currently imports around 20% of its total energy needs, becomes all but self sufficient in net terms -- a dramatic reversal of the trend seen in most other energy importing countries," http://money.cnn.com/2012/11/12/news/economy/us-oil-production-energy/index.html?iid=Popular Checkmate! That should make things interesting. But if it happens whats the betting it will be Chinese owned companies that pull it out before selling it back to the US.When an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy. Lucius Annaeus Seneca Quote Share this post Link to post Share on other sites
skydiver30960 0 #8 November 13, 2012 QuoteThat should make things interesting. But if it happens whats the betting it will be Chinese owned companies that pull it out before selling it back to the US. Regardless of the nationality of the companies, one thing that will not change is the law of supply and demand. Rest assured they will still charge every single penny for their product that they can. I think a lot of average Joes hear that sound bite and immediately get misty-eyed memories of sub-dollar per gallon gasoline. Not gonna happen. Elvisio "35mpg should be a considered a gas guzzler" Rodriguez Quote Share this post Link to post Share on other sites
lawrocket 3 #9 November 13, 2012 Better have a plan for how to handle the Middle East. Once the flow of oil money slows down, we're going to see some serious destabilization and a whole lot of pissed off people. My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
livendive 8 #10 November 13, 2012 Of course the energy independence will be in part because of increased renewable energy production and increased fuel economy in the transportation sector...those damned hybrids! Wasn't it just a couple weeks ago that certain Republicans were crying about how the Obama administration has been destroying America by handcuffing domestic oil production? Huh... Blues, Dave"I AM A PROFESSIONAL EXTREME ATHLETE!" (drink Mountain Dew) Quote Share this post Link to post Share on other sites
SkyDekker 1,147 #11 November 13, 2012 Quote Better have a plan for how to handle the Middle East. Once the flow of oil money slows down, we're going to see some serious destabilization and a whole lot of pissed off people. Actually increased domestic production would extend the life of middle eastern oil fields. Quote Share this post Link to post Share on other sites
masterblaster72 0 #12 November 13, 2012 QuoteNatural Gas is honestly a gold mine for the U.S akin of 1899 Boer gold rush for the U.K Its REALLY looking promising (and getting cheaper and safer) Cheers! Shc Could you expand on the "safer" part please? I've heard that from the energy companies plenty of times, but last time I checked, fracking is still a very real threat to clean groundwater and air (either of which would be show-stoppers in my book). I would like to hear if you've heard differently lately, if you don't mind sharing. Cheers, Be humble, ask questions, listen, learn, follow the golden rule, talk when necessary, and know when to shut the fuck up. Quote Share this post Link to post Share on other sites
lawrocket 3 #13 November 13, 2012 I get that. But a decrease in money coming in would tend to destabilize the governments there. My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
lawrocket 3 #14 November 13, 2012 I think he was referring to natural gas, which seems to have a pretty safe history in its use and storage. Except Hutchinson, Kansas... My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
Southern_Man 0 #15 November 13, 2012 QuoteI get that. But a decrease in money coming in would tend to destabilize the governments there. It's a global market. The Middle East is still going to be able to sell their oil."What if there were no hypothetical questions?" Quote Share this post Link to post Share on other sites
SkyDekker 1,147 #16 November 13, 2012 QuoteI get that. But a decrease in money coming in would tend to destabilize the governments there. Hard to rpedict when that decrease will take place. INcreased production in the US does not necessarily decrease the cashflow in the middle east. Quote Share this post Link to post Share on other sites
kelpdiver 2 #17 November 13, 2012 QuoteQuoteI get that. But a decrease in money coming in would tend to destabilize the governments there. Hard to rpedict when that decrease will take place. INcreased production in the US does not necessarily decrease the cashflow in the middle east. the growing demand by China and India will keep the demand curve up, so no change, really. Let's keep in mind that many of the new sources being developed in the US only work when prices stay above a threshold, and should they slip below, we go back to buying Arab oil again. Quote Share this post Link to post Share on other sites
masterblaster72 0 #18 November 13, 2012 QuoteI think he was referring to natural gas, which seems to have a pretty safe history in its use and storage. Except Hutchinson, Kansas... Use and storage, perhaps. But its extraction is another story and still very controversial. Be humble, ask questions, listen, learn, follow the golden rule, talk when necessary, and know when to shut the fuck up. Quote Share this post Link to post Share on other sites
brenthutch 388 #19 November 14, 2012 QuoteBetter have a plan for how to handle the Middle East. Once the flow of oil money slows down, we're going to see some serious destabilization and a whole lot of pissed off people. The Middle East without oil: http://www.youtube.com/watch?v=VUG-5kLRjeY Quote Share this post Link to post Share on other sites
brenthutch 388 #20 November 15, 2012 QuoteI laughed out loud when I heard that news last night, thats some hardcore wishful thinking right there. Is that just how you feel? Do you have any data to refute the study? Quote Share this post Link to post Share on other sites
Andrewwhyte 1 #21 November 15, 2012 QuoteBetter have a plan for how to handle the Middle East. Once the flow of oil money slows down, we're going to see some serious destabilization and a whole lot of pissed off people. Step 1- Close all the US bases. Step 2- Eliminate all military aid in the region (except Israel which has nothing to do with oil. Step 3- Turn your back and walk away. The US's policy in the area has revolved around keeping the oil flowing for over 60 years. They are a one trick pony and we are all pretty tired of the trick. The moment the oil is not needed they can fuck right off. They become important like Zimbabwe. Quote Share this post Link to post Share on other sites
brenthutch 388 #22 November 15, 2012 QuoteQuoteBetter have a plan for how to handle the Middle East. Once the flow of oil money slows down, we're going to see some serious destabilization and a whole lot of pissed off people. Step 1- Close all the US bases. Step 2- Eliminate all military aid in the region (except Israel which has nothing to do with oil. Step 3- Turn your back and walk away. The US's policy in the area has revolved around keeping the oil flowing for over 60 years. They are a one trick pony and we are all pretty tired of the trick. The moment the oil is not needed they can fuck right off. They become important like Zimbabwe. +1 Quote Share this post Link to post Share on other sites
brenthutch 388 #23 November 20, 2012 QuoteOf course the energy independence will be in part because of increased renewable energy production and increased fuel economy in the transportation sector...those damned hybrids! Wasn't it just a couple weeks ago that certain Republicans were crying about how the Obama administration has been destroying America by handcuffing domestic oil production? Huh... Blues, Dave Energy independence will have NOTHING to do with renewables, and EVERYTHING to do with carbon based energy development on non-federal lands, in spite of BHO policies. Quote Share this post Link to post Share on other sites
livendive 8 #24 November 20, 2012 QuoteQuoteOf course the energy independence will be in part because of increased renewable energy production and increased fuel economy in the transportation sector...those damned hybrids! Wasn't it just a couple weeks ago that certain Republicans were crying about how the Obama administration has been destroying America by handcuffing domestic oil production? Huh... Blues, Dave Energy independence will have NOTHING to do with renewables, and EVERYTHING to do with carbon based energy development on non-federal lands, in spite of BHO policies. That's a fun argument, did you come up with it all by yourself or do you have a reference? Personally, I prefer, you know, numbers. Conservation? And increased renewable energy production leading the way? Pshaw! Your gut feeling is probably well-founded, despite the fact that renewable production gains in the last decade have nearly doubled carbon-based production gains. What do numbers matter anyhow? Blues, Dave"I AM A PROFESSIONAL EXTREME ATHLETE!" (drink Mountain Dew) Quote Share this post Link to post Share on other sites
brenthutch 388 #25 November 20, 2012 I like how you use future predictions as facts. Per capita use and not total consumption, and use rate of growth as your metric. Quote Share this post Link to post Share on other sites
