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Box A Rox
November 12, 2012, 11:13am Report to Moderator

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U.S. To Top Saudi Arabia In Oil Production

The United States is expected to become the world's top oil producer, topping Saudi Arabia and
Russia, by 2017, according to the International Energy Agency (IEA),even projecting
an "all but self-sufficient in net terms" U.S.:

"The recent rebound in U.S. oil and gas production, driven by upstream technologies that are
unlocking light tight oil and shale gas resources, is spurring economic activity - with less expensive
gas and electricity prices giving industry a competitive edge," it added.

The IEA said it saw a continued fall in U.S. oil imports with North America becoming a net oil
exporter by around 2030 and the United States becoming almost self-sufficient in energy by
2035.

"The United States, which currently imports around 20 percent 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."

Reuters
http://www.reuters.com/article/2012/11/12/us-iea-oil-report-idUSBRE8AB0IQ20121112


The modern conservative is engaged in one of man's oldest exercises in moral
philosophy; that is, the search for a superior moral justification for selfishness.

John Kenneth Galbraith

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bumblethru
November 12, 2012, 8:56pm Report to Moderator
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OMG.........The 70's rhetoric resurrected!!


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
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Libertarian4life
November 12, 2012, 9:28pm Report to Moderator

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Quoted from bumblethru
OMG.........The 70's rhetoric resurrected!!


We already have plenty of production.

Gas shortages are due to lack of refineries.

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Shadow
November 13, 2012, 8:11am Report to Moderator
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Then why won't the tree huggers let a few more refineries be built in states that want to build a new refinery?
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bumblethru
November 13, 2012, 11:36am Report to Moderator
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the 70's folks heard the same rhetoric from the failed liberal carter administration about oil/gas production and how this country would be 'energy independent'......
...........40 years and still waiting for that along with the ice age the liberal wacko tree huggers predicted....


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
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Box A Rox
November 13, 2012, 12:28pm Report to Moderator

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Quoted from bumblethru
the 70's folks heard the same rhetoric from the failed liberal carter administration about oil/gas production and how this country would be 'energy independent'......
...........40 years and still waiting for that along with the ice age the liberal wacko tree huggers predicted....


Bumbler... The report is from the The International Energy Agency (IEA) Not the Obama or any other
administration.  

The International Energy Agency (IEA) is an autonomous organisation which works to ensure reliable,
affordable and clean energy for its 28 member countries and beyond.
IEA Members are:
Australia
Austria
Belgium
Canada
Czech Republic
Denmark
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Japan
Luxembourg
Netherlands
New Zealand
Norway
Poland
Portugal
Republic of Korea
Slovak Republic
Spain
Sweden
Switzerland
Turkey
United Kingdom
United States

~ (Be sure your Brain is engaged before putting your Keyboard in gear) ~  


The modern conservative is engaged in one of man's oldest exercises in moral
philosophy; that is, the search for a superior moral justification for selfishness.

John Kenneth Galbraith

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