Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

CITI: The US Energy Industry Is Going To Grow So Fast, It Will Spark A New 'Industrial Revolution'
Business Insider ^ | 03/21/2012 | Simone Foxman

Posted on 03/21/2012 6:49:08 AM PDT by SeekAndFind

Oil and gas production in the United States and North America is going to skyrocket in the next 8 years due to strides in natural resource extraction, write Citi analysts in a report published yesterday. In fact, they went so far as to call North America "the new Middle East," at least in terms of oil production.

This—as well as a trend towards declining U.S. energy consumption—will completely transform both domestic economy and the threats the U.S. will face in the future, 

Indeed, Citi economists expect total liquids production to as much as double for the continent in the next decade, and predict that the U.S. could overtake both Russia and Saudi Arabia in oil production by 2020:

U.S. will overtake Russian and Saudi Arabian oil production, U.S. oil consumption

That's because there is incredible potential to extract and refine energy products on domestic soil:

North American shale plays oil extraction

Citi Investment Research and Analysis

This energy boom would have a transformative effect on the domestic economy. Here are just a few of the most astonishing consequences in a "good-case" scenario:


(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Science; Society
KEYWORDS: 2012; drillheredrillnow; economy; energy

1 posted on 03/21/2012 6:49:19 AM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind
This will not please Ubama's Saudi masters.

He must find a way to put a stop to it.

2 posted on 03/21/2012 6:50:36 AM PDT by Joe the Pimpernel (Islam is a religion of peace, and Moslems reserve the right to slaughter anyone who says otherwise.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

That’s only half the positive story here. Inexpensive and reliable supplies of energy are already leading to impressive domestic investment in chemicals, steel production and other energy intensive industries, creating still more jobs.

It will also mean natural gas powered vehicles will become serious competitors for gasoline.

And yes, the liberals are doing everything in their power to try to stop it from happening.


3 posted on 03/21/2012 6:54:37 AM PDT by babble-on
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
If the Rats and the EPA don't get in the way...

Mike

4 posted on 03/21/2012 6:58:42 AM PDT by MichaelP (The ultimate result of shielding men from the effects of folly is to fill the world with fools ~HS)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Did I miss something, or is carbon dioxide not still codified in law as a pollutant/contributor to global warming?


5 posted on 03/21/2012 6:59:51 AM PDT by wayoverontheright
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

I think the author of the article is forgetting who the President is.


6 posted on 03/21/2012 7:04:08 AM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Joe the Pimpernel
This will not please Ubama's Saudi masters the pResident.

He must find a way to put a stop to it. Fixed!

7 posted on 03/21/2012 7:07:24 AM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: wayoverontheright

And unless you stop breathing....YOU ARE CAUSING GLOBAL WARMING.


8 posted on 03/21/2012 7:10:39 AM PDT by Sacajaweau
[ Post Reply | Private Reply | To 5 | View Replies]

To: babble-on

We are better positioned today to withstand a spike in energy prices than we have been in 50 years, and far better positioned than either our friends in Europe or China.


9 posted on 03/21/2012 7:11:47 AM PDT by babble-on
[ Post Reply | Private Reply | To 3 | View Replies]

To: SeekAndFind

Anyone in the oil & gas industry here?

We have property in rural WV - just south of Parkersburg. Would love to move down there, but there are few IT jobs there. Seems like the shale plays down there could provide some opportunities.

I’m 44 - don’t think I’m too young to learn a different career path, especially if in a technical field.

Would there be any jobs for me in this industry and, if so, how would I go about preparing myself?


10 posted on 03/21/2012 7:13:44 AM PDT by chrisser (Starve the Monkeys!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: babble-on

My investment advisor and several investment magazines have been saying that the US is going to explode on the energy market as soon as the right policies are enacted or regulations repealed.

Sadly, America’s wealth cannot be leveraged due to politics.

*spit* FUBO


11 posted on 03/21/2012 7:15:00 AM PDT by rarestia (It's time to water the Tree of Liberty.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: rarestia
My investment advisor and several investment magazines have been saying that the US is going to explode on the energy market...

Which stocks are they recommending? :-)

12 posted on 03/21/2012 7:21:40 AM PDT by ExpatCanuck
[ Post Reply | Private Reply | To 11 | View Replies]

To: ExpatCanuck

COP & XOP were reccomended by guests on Varney & Co. (FOX Business) There are others of course. I bought both but concentrated on COP because it was doing better. XOP will probably pick up IF government lets this articles premis to play out.


13 posted on 03/21/2012 7:46:51 AM PDT by Cold Heart
[ Post Reply | Private Reply | To 12 | View Replies]

To: ExpatCanuck

They haven’t moved the chips over to BUY yet, but most of the recommendations are toward Marathon Oil (MRO) and EOG Resources (EOG). They’re big time holders of oil lands in Texas.

I think The Street reviewed them as promising, but a lot of this is based on the removal of fracking regulations, among other things.


14 posted on 03/21/2012 7:47:34 AM PDT by rarestia (It's time to water the Tree of Liberty.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: SeekAndFind
And this is exactly why the enviro-nuts have gone so crazy over the last few years.

They knew all along that unless they threw the Al Gore Hail Mary, their enemy Big Oil was going to get Bigger.

15 posted on 03/21/2012 7:55:46 AM PDT by what's up
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

I’ve been saying here: our future economy will be based on energy exporting.

We will have a balance of this plus being a place of innovation and the source of trend and technology. Plus we get be more relaxed about what goes on in the sand countries.

We still have debt and certain states who refuse to enable capital enterprise at their peril.


16 posted on 03/21/2012 8:04:13 AM PDT by cicero2k
[ Post Reply | Private Reply | To 1 | View Replies]

To: rarestia
*spit* FUBO

BUMP!

DISMANTLE the U.S. Department of Energy. It has become a slush fund to launder our money to political hacks and social-engineers. Less UNaccountable bureaucrats/regs (socialists), more energy/freedom.

17 posted on 03/21/2012 8:14:23 AM PDT by PGalt
[ Post Reply | Private Reply | To 11 | View Replies]

To: SeekAndFind

Only if Obama and the EPA are fired this year.


18 posted on 03/21/2012 8:15:35 AM PDT by G Larry (We are NOT obliged to carry the snake in our pocket and then dismiss the bites as natural behavior.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

I seriesly doubt this prediction, but would be happy to be wrong.
F U B O


19 posted on 03/21/2012 8:44:07 AM PDT by ▀udda▀udd
[ Post Reply | Private Reply | To 1 | View Replies]

To: chrisser

I sent a private message.


20 posted on 03/21/2012 10:44:18 AM PDT by Starrling
[ Post Reply | Private Reply | To 10 | View Replies]

To: SeekAndFind

Only if the government allows it. Or, if enough producers just start ignoring the government arbitrary and capricious edicts.


21 posted on 03/21/2012 10:49:47 AM PDT by Dead Corpse (Steampunk- Yesterday's Tomorrow, Today)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson