The United States will overtake Saudi Arabia to become the world's biggest oil producer before 2020, and will be energy independent 10 years later, according to a new forecast by the International Energy Agency.
Also not sending our resources overseas and importing because of geographic convienence
http://money.cnn.com/2012/11/12/news/economy/us-oil-production-energy/index.html?iid=HP_LN&hpt=hp_t1
ERRRMGERRDDD OBAMA IS BAD FOR ENERGY. WE NED TO OPEN ALASKA, YELLOWSTONE AND DA GULF OF MEXICO FOR OIL RIGHT NEOWWWWW.
I recall reports from a few weeks back that the USA is expected to be the world's largest oil and natural gas producer next year.
I view this as both bad and good. Good because it helps jobs here and our economy. Since oil is basically a world production it won't do any more to push gasoline prices lower here than increased production in some other country. Bad for the following reasons:
(a) Other big producers (the Saudis intentionally, Iraq and Libya due to conflict) are sitting on their capacity. Some day-and I personally don't think it is that far off-we are going to reach an increasing shortage of crude oil. I'd like the USA to have the capacity then rather than piss through it now so we can drive our SUVs for ten cents a gallon less
(b) the whole greenhouse gas/global warming thing-I don't want the USA to take it's eye off the ball, long range speaking.
(c) we really need to wean ourselves from the oil habit and are only making baby steps to do so.
Imagine if we did open up ANWR back in 05. Oil production would be coming online right now.
And on it's best day, ANWAR would only meet 5% of our oil demand.
Drill baby drill is a policy that democrats thought was stupid, but it is working out quite well on private lands with new technology.
And on it's best day, ANWAR would only meet 5% of our oil demand.
Interesting. So this thread is really about how Sarah Palin was right
Actually she was dead wrong. We could have drilled everywhere and not substantially increased our production.
It was engineers figuring out how to get more oil and gas from current wells that provided new technology. The new oil and gas is mostly coming from old wells that were drilled years ago.
As to ANWR the new recovery techniques are actually proof that we shouldn't have been drilling there. We should wait until the technology for drilling in such extreme conditions improves. Especially since it wouldn't have lowered oil prices a penny and not even made us more secure as a nation.
Actually she was dead wrong. We could have drilled everywhere and not substantially increased our production.
It was engineers figuring out how to get more oil and gas from current wells that provided new technology. The new oil and gas is mostly coming from old wells that were drilled years ago.
As to ANWR the new recovery techniques are actually proof that we shouldn't have been drilling there. We should wait until the technology for drilling in such extreme conditions improves. Especially since it wouldn't have lowered oil prices a penny and not even made us more secure as a nation.
Actually she was dead wrong. We could have drilled everywhere and not substantially increased our production.
It was engineers figuring out how to get more oil and gas from current wells that provided new technology. The new oil and gas is mostly coming from old wells that were drilled years ago.
Actually she was dead wrong. We could have drilled everywhere and not substantially increased our production.
It was engineers figuring out how to get more oil and gas from current wells that provided new technology. The new oil and gas is mostly coming from old wells that were drilled years ago.
As to ANWR the new recovery techniques are actually proof that we shouldn't have been drilling there. We should wait until the technology for drilling in such extreme conditions improves. Especially since it wouldn't have lowered oil prices a penny and not even made us more secure as a nation.
Do I really need to point out the inherent contradiction in what you said?Actually she was dead wrong. We could have drilled everywhere and not substantially increased our production.
It was engineers figuring out how to get more oil and gas from current wells that provided new technology. The new oil and gas is mostly coming from old wells that were drilled years ago.
As to ANWR the new recovery techniques are actually proof that we shouldn't have been drilling there. We should wait until the technology for drilling in such extreme conditions improves. Especially since it wouldn't have lowered oil prices a penny and not even made us more secure as a nation.
How do you develop the technology if you do not get your hands frozen.
No lab is going to be able to simulate the North slope.
You need to take ideas from the lab and try them out; tweaking and passing back the information.
I do not know about oil but we have a freaking huge load of natural gas from the Hainsville and Barnett Shales down here.
So much so that the drilling companies have to cut back, laid off people, and the price of natural gas went down, over 50% from the hay days = http://www.eia.gov/dnav/ng/hist/n9132us3m.htm
<--- Looks at gas pump prices and asks...."Who has this helped?"
(answer: Oil companies and refiners).
Although I would rather our money stay here with them than go to the Middle East.
Well if were not for private lands and new tech,they would do so.I thought the Democrats were reducing the amount of oil we were producing? Who would have thunk!
Problem exists getting the raw material from the supplier to the retailer and/or consumer.