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What Are The Ramifications of the U.S. Newly Emergent Status As World's Largest Oil,Gas Producer?

Posted on 10/06/2013 3:34:32 AM PDT by lbryce

Free Republic:October 6, 2013-U.S. Expected To Be Largest Producer of Petroleum and Natural Gas Hydrocarbons in 2013

What are the ramifications of America's newly emergent status as the world's largest producer of petroleum and natural gas hydrocarbons in 2013?

The conventional wisdom of America's preeminent status as global superpower being on the wane is a consensus difficult to deny even if one were to take the current wholly corrupt, dysfunctional, inept leadership out of the equation.

It may very well be that the US economy has been irrevocably diminished, the reality of which would certainly take a toll on America's influence and prestige world-wide. Furthermore, the government shutdown as symptom, harbinger of a looming economic disaster in the guise of a runaway profligacy as quintessential manifestation in which the Democrat party has historically ruled the Federal government, presents a herculean dilemma of which seems nearly unresolvable.

My question is, how would our status as world's largest oil and gas producer in 2013 and for argument's sake, for a an unspecified number of years affect America's political, economic well being as the world's global superpower? (albeit in diminished capacity.)


TOPICS: Chit/Chat
KEYWORDS: 113th; bho44; bhoenergy; carbontax; energy; europeanunion; government; kenyanbornmuzzie; oilgasproduction; opec; russia; saudiarabia; top10

1 posted on 10/06/2013 3:34:32 AM PDT by lbryce
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To: lbryce

A big popping sound, from a head explosion, the Oval office.


2 posted on 10/06/2013 3:46:41 AM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: Jonty30
THAT pimple popped a couple of years ago, thus the refusal to open Keystone.


Make no mistake, our enemy is learned in warfare tactics

3 posted on 10/06/2013 3:49:42 AM PDT by knarf (I say things that are true ... I have no proof ... but they're true)
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To: lbryce

Invest in Energy...

Statement of potential bias, I am long on Exxon


4 posted on 10/06/2013 3:50:08 AM PDT by HangnJudge
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To: lbryce

The timing could not have been better. Once Iran domos just one nuke they’ll make the Persian Gulf and Iranian lake. (This is why Qatar, Kuwait and Saudi Arabia so desperately want Assad out of Syria; access to the Mediterranean.) With Middle Eastern oil under Iranian control the price will scream upwards. This positions the US to become the new Saudi Arabia. If we have wiser leadership by then we’ll rocket back to super power status. If we don’t we’ll live well but be on the Detroit curve to being one large blasted landscape.


5 posted on 10/06/2013 3:50:42 AM PDT by Gen.Blather
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To: Jonty30

This topic is worthy of four or five books. Imagine one of the largest, most powerful armies in history under the command of a bumbling incompetent-—then suddenly placed in the hands of Alexander or Napoleon. That’s where we are with our domestic energy.


6 posted on 10/06/2013 3:54:52 AM PDT by LS ('Castles made of sand, fall in the sea . . . eventually.' Hendrix)
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To: HangnJudge

FYI, I know a guy at the World Bank who said “I’m long on America, short on China.”


7 posted on 10/06/2013 3:57:20 AM PDT by LS ('Castles made of sand, fall in the sea . . . eventually.' Hendrix)
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To: lbryce
A temporary setback for the Obama Anti-American Administration. But it also becomes another target in his strategic plan to devolve America's exceptionalism.

One of the very first lessons he learned in his Muslim upbringing is that the freedom of being an individual with free thought and will is against the will of Allah. Likewise for free citizens of a free and sovereign country, especially those that prosper.

8 posted on 10/06/2013 3:57:47 AM PDT by Gaffer
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To: Gen.Blather

If Iran closes the Persian Gulf Saudi Arabia will simply build an oil terminus on the Red Sea.


9 posted on 10/06/2013 4:00:29 AM PDT by SeeSharp
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To: SeeSharp

“If Iran closes the Persian Gulf Saudi Arabia will simply build an oil terminus on the Red Sea.”

So, let’s say Iran is now in the position North Korea occupies. NK sank the Choenan and we did nothing. Why? They “might” have a nuke. (We don’t really know.)

So, Iran goes nuclear. They require a payment to use “their Persian Gulf.” It’s half the value of your cargo. Saudi Arabia builds a terminal on the Red Sea.

But Iran, which can no longer be punished or threatened has 30-70 thousand mines ready to deploy. They drop a few hundred at the narrow entrance of the Red Sea.

Do we do anything? (I was program manger on a US Navy mine sweeper project. I have a good idea of the Navy’s capability and it doesn’t come close to being able to neutralize the number, type and quantity of mines Iran can deploy.) Will we punish Iran for doing this? Oh, we’ll send nasty letters. But that will be it.


10 posted on 10/06/2013 4:13:41 AM PDT by Gen.Blather
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To: lbryce
"What Are The Ramifications of the U.S. Newly Emergent Status As World's Largest Oil,Gas Producer?"

Sharif don't like it, rock the casbah, rock the casbah.

11 posted on 10/06/2013 4:20:45 AM PDT by Enterprise ("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
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To: lbryce
What Are The Ramifications of the U.S. Newly Emergent Status As World's Largest Oil,Gas Producer?

Well, one thing we can be sure of - lower gas prices in the US won't be among those ramifications.

It raises an interesting point - if political/enviro meddling keeps energy prices in the US artificially high while increased supply is driving down the market rate in nations with rapidly escalating demand for oil like China and India, another ramification is that the US will apparently impose a potentially serious economic handicap on itself while helping to accelerate the rise of a military and economic rival in China.

There are probably more than a few academics, economists and military analysts in China who think this but refuse to say so in print for fear of being laughed at for thinking any modern nation could behave so ridiculously.
12 posted on 10/06/2013 4:56:14 AM PDT by AnotherUnixGeek
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To: lbryce
Rats trying desperately to have complete control of energy sector before this takes off
13 posted on 10/06/2013 5:02:03 AM PDT by ronnie raygun
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To: HangnJudge

I’m long on Kodiak and Continental.


14 posted on 10/06/2013 5:02:42 AM PDT by STJPII
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To: Gen.Blather
This is why Qatar, Kuwait and Saudi Arabia so desperately want Assad out of Syria; access to the Mediterranean.

Yep, Western Europe is in the barrel now and the immediate future.

North Sea oil is waning and new deposits are exclusive to Norway and Russia with Russia being the only one able to service the Arctic. The southern supply route requires Syria and Turkey or ship it through the Suez if you don't provoke Egypt. Israel and Greece might help, but then there's that antisemitism and Greek debt thing. Plus the Chinese will be eager buyers of Pacific oil. Western Europeans better pray for "Globull Warming" if they can't get a war started as cover for the Saudi scam, or play nice with the Russians.

15 posted on 10/06/2013 5:04:02 AM PDT by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: AnotherUnixGeek

So we can produce a lot of oil, big deal. The “rest of the story” is, we will ship it off shore so other nations can use it. When was the last time we saw a new refinery being built here in the U.S.? IMO, we will not be building any new refineries until we rid ourselves of odumbo and his gang of thugs in Washington and most importantly the EPA, until then keep paying those high prices for fuel.


16 posted on 10/06/2013 5:06:00 AM PDT by DaveA37
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To: Gen.Blather
Will we punish Iran for doing this? Oh, we’ll send nasty letters. But that will be it.

Depends on the stakes. But even if we don't get involved Saudi Arabia certainly would in that scenario, and I wouldn't discount their military capabilities in their own back yard. And don't forget Israel also has a port on the Red Sea.

17 posted on 10/06/2013 5:11:15 AM PDT by SeeSharp
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To: AnotherUnixGeek

Appreciate the economic benefit of plentiful and inexpensive natural gas, but learn to live with $3.00-plus gasoline. Fracking requires something on the order of $70.00/bbl in order to pay out. Then, there are the many and various government taxation schemes, none of which even Republicans appear interested in halting. Defend that plentiful and cheap natgas from governmental predation, it’s key to newfound economic competitiveness for domestic manufacturing operations. Our economy is an utter shambles for lower and middle class citizens. A manufacturing renaissance will provide them with a means of supporting themselves that does not involve government largesse.


18 posted on 10/06/2013 5:15:39 AM PDT by RegulatorCountry
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To: lbryce
We may not be the world's largest oil and gas producer for long, though. Remember, Russia is preparing to open up potentially GIGANTIC gas and oil reserves in eastern Siberia that have yet to be touched--reserves that some geologists say could be several times bigger than the entire Persian Gulf known reserves combined.

And that gives Russia gigantic political clout, especially in Europe and eastern Asia. For example, Russia could easily return the four westernmost islands of the Kuril Islands chain back to Japan in return for Japan exclusively buying natural gas from these new reserves (e.g., a natural gas pipeline from the Russian mainland through Sakhalin Island to Hokkkaido and then to the Honshu).

19 posted on 10/06/2013 5:33:07 AM PDT by RayChuang88 (FairTax: America's economic cure)
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To: lbryce

It’s hard to ignore the fact that this supports continued global dollar hegemony and the US/Saudi relationship. How this all affects the US/Russian relationship is the real question in my mind. I can’t imagine that Russia will be happy about any of this.


20 posted on 10/06/2013 5:33:43 AM PDT by RC one
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To: Gen.Blather
Once Iran demos just one nuke they’ll make the Persian Gulf and Iranian lake.

I believe that is so and I also believe that is something like what the kenyan is aiming for. I think he would rather the Sunni Saudis had the nukes but he will take what he can islamically get.

21 posted on 10/06/2013 5:36:42 AM PDT by arthurus (Read Hazlitt's Economics In One Lesson ONLINEhttp://steshaw.org/economics-in-one-lesson/)
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To: lbryce
What are the ramifications of America's newly emergent status as the world's largest producer of petroleum and natural gas hydrocarbons in 2013?

One notable ramification will be experiencing Obama's enablers credit Obama.

22 posted on 10/06/2013 5:39:54 AM PDT by MosesKnows (Love many, trust few, and always paddle your own canoe.)
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To: Enterprise
He thinks it's not kosher.
The final words to the song

Now the king told the boogie men
You have to let that raga drop
The oil down the desert way
Has been shakin' to the top
The Sheik he drove his Cadillac
He went a' cruisin' down the ville
The muezzin was a' standingbr> On the radiator grille
[Chorus:]

he Shareef don't like it Rockin' the Casbah Rock the Casbah The Shareef don't like it Rockin' the Casbah

Rock the Casbah

By order of the prophet We ban that boogie sound Degenerate the faithful With that craazy Casbah sound But the Bedouin they brought out The electric camel drum The local guitar picker Got his guitar picking thumb As soon as the Shareef Had cleared the square They began to wail

[Chorus:]

Now over at the temple Oh! They really pack 'em in The in crowd say it's cool To dig this chanting thing But as the wind changed direction The temple band took five The crowd caught a wiff Of that crazy Casbah jive

[Chorus:]

The king called up his jet fighters He said you better earn your pay Drop your bombs between the minarets Down the Casbah way

As soon as the Shareef was Chauffeured outta there The jet pilots tuned to The cockpit radio blare

As soon as the Shareef was Outta their hair The jet pilots wailed

[Chorus:]

He thinks it's not kosher
Fundamentally he can't take it. You know he really hates it.

23 posted on 10/06/2013 5:40:13 AM PDT by lbryce (:)
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To: arthurus; All
Does anyone know the megatonnage of the atom bomb Iran is feverishly working on? It's three times the size of the bomb dropped on Hiroshima.

I said, It's three times the size of the bomb dropped on Hiroshima.

24 posted on 10/06/2013 5:45:51 AM PDT by lbryce (:)
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To: SeeSharp

“But even if we don’t get involved Saudi Arabia certainly would in that scenario, and I wouldn’t discount their military capabilities in their own back yard. “

I see the Saudi military as largely decorative. It looks impressive on paper, but I suspect the House of Saud’s control would come apart if the country was under any pressure. They’ve managed to dampen down threats to the royal family’s controls so far, but it’s like holding a beach ball under water. Eventually you can’t do it any longer. Iran understands the pressure points and Saudi Arabia could erupt into the biggest yet “Arab Spring.”


25 posted on 10/06/2013 6:05:34 AM PDT by Gen.Blather
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To: lbryce

Perhaps gasoline prices con get down to $1/gallon again. The prices today are outrageous.


26 posted on 10/06/2013 6:15:32 AM PDT by Citizen Tom Paine (An old sailor sends)
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To: lbryce

Why is propane still so freaking expensive?


27 posted on 10/06/2013 6:54:50 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Citizen Tom Paine

“My question is, how would our status as world’s largest oil and gas producer in 2013 and for argument’s sake, for a an unspecified number of years affect America’s political, economic well being as the world’s global superpower? (albeit in diminished capacity.)”

Now? It won’t matter because the fruits of our labor will either stay in the ground, be shipped to foreign lands for pennies on the dollar or will leak into the American energy grid.

In other words, it won’t make a dent.

With a conservative President, a Republican Senate and a Repubican house, the entire world would change for the better. We are talking about Milton’s of jobs, new businesses, and new ways to invest.

There is one fact of life that the majority of this world either doesnt get or wont recognize due to political agenda. When America is prosperous, the world benefits. When America goes full socialist, the game is over. It’s amazing what human liberty does for mankind.


28 posted on 10/06/2013 7:05:06 AM PDT by EQAndyBuzz (Make today a great day. Insult a liberal.)
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To: Progov

“When was the last time we saw a new refinery being built here in the U.S.?”

Construction of a new refinery for diesel fuel was started in about April of this year in North Dakota, the country’s second largest crude oil producing state.

http://www.reuters.com/article/2013/04/10/us-usa-bakken-refinery-idUSBRE9390CA20130410

There are plans for more, with one more for certain on one of the Indian Reservations in ND. North Dakota does not have all the nut case left wing whackos trying to stop it.


29 posted on 10/06/2013 8:04:24 AM PDT by redfreedom (Republicans = The faux conservative wing of the democrat party.)
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To: Gen.Blather; SeeSharp

The instant the Iranians got nuclear weapons—the saudis would get them. They’d simply buy them from the pakistanis. They probably already own a big interest in the paki nukes.

That’s always been the big danger of Iranian nukes. not so much the iranians themselves but rather once the iranians had the nukes they would set off an arms race that would eventually suck in most the countries in the moslem world. It would in the very least be a prestige thing.t

right now the israelis and the saudis are soto voce allies on iranian nukes, but the instant the iranians got the nuke—they would become enemies on nukes because the saudis would want them.


30 posted on 10/06/2013 10:23:54 AM PDT by ckilmer
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To: redfreedom; Progov

“When was the last time we saw a new refinery being built here in the U.S.?”
..........

this story has been a red herring for years. why? the refineries have the ability to add unlimited capacity to their refineries. that’s what they’ve done for decades on the gulf coast. its more cost effective to add capacity than it is to build a new refinery from scratch.


31 posted on 10/06/2013 10:28:15 AM PDT by ckilmer
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To: MosesKnows

What are the ramifications of America’s newly emergent status as the world’s largest producer of petroleum and natural gas hydrocarbons in 2013?

One notable ramification will be experiencing Obama’s enablers credit Obama.
......
Very true. Not only will Obama’s people take credit for it, they’ll do it despite Obama’s best efforts to kill it.


32 posted on 10/06/2013 10:31:07 AM PDT by ckilmer
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To: lbryce; alphadog; infool7; Heart-Rest; HoosierDammit; red irish; fastrock; NorthernCrunchyCon; ...
+

Freep-mail me to get on or off my pro-life and Catholic List:

Add me / Remove me

Please ping me to note-worthy Pro-Life or Catholic threads, or other threads of general interest.

33 posted on 10/06/2013 10:37:09 AM PDT by narses (... unless you eat the flesh of the Son of Man and drink his blood, you do not have life within you.)
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To: ckilmer

“The instant the Iranians got nuclear weapons—the saudis would get them.”

The safest option for the west and the Muslim world would be to take Iran out of the picture before they get nukes. The Saudi’s can’t trust their own people with nukes because Islam teaches it’s okay to disobey anybody if you think your view of Islam is more righteous than theirs. No Muslim country can truly trust even their most “trusted” people with nukes because of the nature of the religion they all follow.

It is suspected that Pakistan lost some nukes and invaded the bad lands to recover them. Fortunately, they apparently have safety and security interlocks. But what are the chances others will also build in safeties in a world that is as uninterested in safety as the middle east?


34 posted on 10/06/2013 10:40:39 AM PDT by Gen.Blather
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To: AnotherUnixGeek
There are probably more than a few academics, economists and military analysts in China who think this but refuse to say so in print for fear of being laughed at for thinking any modern nation could behave so ridiculously.

EIther that, or they don't want to be on record as the first to point out such a stupid weakness...

Then, too, SunTsu: "When strong, feign weakness, when weak, feign strength."

Maybe they just don't believe we could be that stupid for real...(and despite our government, maybe we aren't. all of those regulatory hindrances could be removed within a fortnight.)

35 posted on 10/06/2013 11:11:06 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: Gen.Blather

It is suspected that Pakistan lost some nukes and invaded the bad lands to recover them. Fortunately, they apparently have safety and security interlocks. But what are the chances others will also build in safeties in a world that is as uninterested in safety as the middle east?
.......
I recently saw an article somewhere that showed that a considerable amount of the USA intelligence budget is spent on Monitoring pakistan.


36 posted on 10/06/2013 11:26:16 AM PDT by ckilmer
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To: Gen.Blather

The safest option for the west and the Muslim world would be to take Iran out of the picture before they get nukes.
..........
not sure that I disagree with this. however, there’s a whole lot going on in the cyber world that we are not privy to. as well top iranian cyber and nuclear experts seem to have a high mortality rate.

It seems to me that the Iranians have been ready to make a nuke within the next 12 months every year for the last decade or more.


37 posted on 10/06/2013 11:31:56 AM PDT by ckilmer ( e)
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To: LS

Middle East imports a large amount of grain as they can’t feed their population. Given that the U.S. has sufficient energy at reasonable costs; and, thus retains the ability to grow sufficiently plentiful crops, they may become dependent on our agriculture for survival. Depends on whether forecast and consequences for sustained cooling starting 2014 are borne out. China and Saudi are currently staging an agricultural land grab in Africa and Philippines.

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/01/26/chinese-firms-and-gulf-sheiks-are-grabbing-farmland-worldwide-why/

http://wattsupwiththat.com/2013/09/08/the-climate-grain-production-relationship-quantified/

http://www.theguardian.com/global-development/2013/jul/06/water-supplies-shrinking-threat-to-food


38 posted on 10/06/2013 2:41:55 PM PDT by Ozark Tom
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To: Jonty30

I would think Hussein would love this. Gas will become cheaper, and he will take the credit for it.


39 posted on 10/12/2013 10:23:51 AM PDT by Red White and Blue patriot
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