Not only is America now a net petroleum product exporter, but as expert Dave Ernsberger (global director at energy consulting firm Platts) put it, "[i]t looks like a trend that could stay in place for the rest of the decade. The conventional wisdom is that [the] U.S. is this giant black hole sucking in energy from around the world. This changes the dynamic."
The immense non-conventional oil resources literally below our feet have made Big Oil fundamentally reassess its geo-economic worldview.
Where in the past, the major private oil companies went to faraway (and often dangerous) regions like the North African desert, the Caspian Sea, and the Niger Delta, oil companies are now focusing on developed nations -- for a variety of reasons.
Not only is America now a net petroleum product exporter, but as expert Dave Ernsberger (global director at energy consulting firm Platts) put it, "[i]t looks like a trend that could stay in place for the rest of the decade. The conventional wisdom is that [the] U.S. is this giant black hole sucking in energy from around the world. This changes the dynamic."
The immense non-conventional oil resources literally below our feet have made Big Oil fundamentally reassess its geo-economic worldview.
Where in the past, the major private oil companies went to faraway (and often dangerous) regions like the North African desert, the Caspian Sea, and the Niger Delta, oil companies are now focusing on developed nations -- for a variety of reasons.
Not if Barry and his boss, George Soros, have anything to say about it!!
So much for “peak oil”. They just keep finding newer and better ways to drill it.
Rick Perry is the right guy for this country right now. No doubt he is our energy guy.
We’re doing the boom here in Western Oklahoma.....it’s UNREAL....the amount of rigs and pipeline going down are truly amazing. America will be the largest exporter of oil and natural gas in the world by 2017.
The truth is that we are AWASH in hydrocarbons that can be converted into usable fuels whether gas or liquid. The US has more hydrocarbon reserves than all of Arab OPEC combined. The only thing we lack is the political will to permit development where it is economically and ecologically feasible.
Our hydrocarbon resources were documented several years ago in the following study:
Office of the Secretary of Defense, Clean Fuels Initiative presentation by Dr. Theodore K. Barna,
link: http://www.westgov.org/wieb/meetings/boardsprg2005/briefing/ppt/congressionalbrief.pdf
The real question must why do so many people insist that we must not develop our own resources. It is as if they have such a bad case of self-loathing they would rather people suffer and die than enjoy the benefits from inexpensive energy.
We do know that some energy resources were locked up to please voting blocks and gain political points in the process. For example, there is the case of how almost a trillion dollars in coal and natural gas got locked up.
See: http://www.freerepublic.com/focus/news/724170/posts
Using oil and oil shale is racism. It’s better to use bicycles and buy oil from Muslims.
I believe it was Reagan who said:
The most feared words in the English language are; I’m from the government and I’m here to help!
Please understand we are exporting some refined product we are not exporting crude. We consume 19.5 mm bpd we only produce 8 mm bpd. Most exports come from Canada and Mexico and with work we'll increase production by 1 mm bpd in a few more years, it's going to take a lot of time.
I'm for getting every drop of O/G we have and with the right president we'll have a chance.