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Power shift: Energy boom dawning in America
NBC Nrws - CNBC ^ | Patti Domm , CNBC.com

Posted on 03/18/2013 10:15:24 PM PDT by Ernest_at_the_Beach


Jim Seida / NBC News

A worker walks from a 161-foot-tall oil rig to retrieve a tool from a nearby shed outside Garden City in West Texas. When this picture was made on March 3, there were 1,752 rigs exploring for oil and natural gas in the US; 835 of them were in Texas. (Jim Seida / NBC News)

Randy Foutch calls it a renaissance, but when you listen to the veteran Texas oilman and others describe America’s nascent energy boom, it sounds more like a miracle.

Politicians have been warning for decades that the U.S. must wean itself from foreign energy, but just a few years ago their words seemed like so much wishful thinking: The U.S. was facing what seemed like ever-rising oil prices and was importing about 60 percent of its supply. Natural gas inventories were shrinking, and the country was considering importing a liquified form from the Middle East.

Power Shift

NBC News

America's drive toward energy independence


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


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: energy; energyboom; naturalgas; oil

1 posted on 03/18/2013 10:15:24 PM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach
"When this picture was made on March 3...."

Is the author a time traveler from 1890? Oh, and I don't think we'll have a new boom if this president has anything to say about it, do you?

2 posted on 03/18/2013 10:17:55 PM PDT by 2ndDivisionVet (I'll raise $2million for Sarah Palin's presidential run. What'll you do?)
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To: All

3 posted on 03/18/2013 10:18:26 PM PDT by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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To: 2ndDivisionVet

This is happening on private land at the moment.


4 posted on 03/18/2013 10:19:51 PM PDT by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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To: Ernest_at_the_Beach
How will that stop him? He took over or threatened several private industries (healthcare, automobile manufacturing and sales, grocery stores, energy, restaurants, etc.) already.
5 posted on 03/18/2013 10:34:15 PM PDT by 2ndDivisionVet (I'll raise $2million for Sarah Palin's presidential run. What'll you do?)
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To: Ernest_at_the_Beach

Nice fracking graphics.


6 posted on 03/18/2013 10:39:14 PM PDT by gleeaikin
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To: 2ndDivisionVet

We’re going through an Incrimental Marxist Coup. When he can, obama will continue to stop anything that’s good for America.


7 posted on 03/18/2013 10:39:26 PM PDT by laplata
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To: Ernest_at_the_Beach
I went to school for mechanical engineering, so I know enough to at least understand how amazing this technology is. The technological challenges are mind-boggling.

And then to think that The Idiot is preventing us from capitalizing on it.

I don't know which is more incredible.

8 posted on 03/18/2013 10:40:55 PM PDT by St_Thomas_Aquinas
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To: gleeaikin

I liked it.


9 posted on 03/18/2013 10:41:57 PM PDT by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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To: laplata; 2ndDivisionVet
There was an good editorial in Sunday's OC Register...regarding Obama and how he might handle this Bonanza.

Let me see ...if I can get that up.

10 posted on 03/18/2013 10:44:48 PM PDT by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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To: All

Can’t find it on their website....at the moment.


11 posted on 03/18/2013 10:51:35 PM PDT by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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To: Ernest_at_the_Beach

Please do. Thanks.


12 posted on 03/18/2013 11:03:01 PM PDT by laplata
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To: laplata
BP forecasts US energy independence by 2030

http://www.bp.com/extendedsectiongenericarticle.do?categoryId=9048887&contentId=7082549

13 posted on 03/18/2013 11:07:32 PM PDT by spokeshave (The only people better off today than 4 years ago are the Prisoners at Guantanamo.)
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To: St_Thomas_Aquinas

you can’t have world govt with a superpower existing.

you can’t have a superpower without manufacturing and a functioning economy.

now you see what he’s doing.


14 posted on 03/18/2013 11:10:02 PM PDT by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: Ernest_at_the_Beach

As long as the dems control government there will be no energy recovery. They are dead set on destroying everything that makes this country great.


15 posted on 03/18/2013 11:11:02 PM PDT by Randy Larsen (Aim small, Miss small.)
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To: Secret Agent Man

you can’t have world govt with a superpower existing.

you can’t have a superpower without manufacturing and a functioning economy.

now you see what he’s doing.


And taking away our soverignty.


16 posted on 03/18/2013 11:14:47 PM PDT by laplata
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To: Ernest_at_the_Beach

It is sad that there are many conservatives who oppose fracking because they bought the enviro-whacko Kool-Aid.

This happens on the local level with older GOP citizens who do not like the increase in truck traffic, “outsiders” and disruptions to their boring lives.

What selfish, uneducated citizens we have become!


17 posted on 03/19/2013 4:30:02 AM PDT by Erik Latranyi (When religions have to beg the gov't for a waiver, we are already under socialism.)
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To: Ernest_at_the_Beach

Bfl


18 posted on 03/19/2013 5:35:52 AM PDT by CommieCutter
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To: Ernest_at_the_Beach
At their link to their map, it is surprising how out-of-date their numbers are:

state-by-state view of production figures from 2010

19 posted on 03/19/2013 5:41:39 AM PDT by thackney (life is fragile, handle with prayer)
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To: Erik Latranyi
It is sad that there are many conservatives who oppose fracking because they bought the enviro-whacko Kool-Aid. This happens on the local level with older GOP citizens who do not like the increase in truck traffic, “outsiders” and disruptions to their boring lives.

And their Grandkids might move back from Texas and get a job in the Fracking Arena, had their State ( Insert name here ) hadn't become such a Socialist Cesspool that they finally gave up on it and moved to brighter pastures aka Texas...

20 posted on 03/19/2013 5:54:39 AM PDT by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
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To: thackney

Is this from Government sources....that would explain it.


21 posted on 03/19/2013 9:35:11 AM PDT by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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To: thackney

Believe it or not, the best source of oil/gas production data for states is government data.

http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbbl_m.htm

No one else has the cumulative data from across different companies. The government requires the data to get the permits to drill and operate.


22 posted on 03/19/2013 9:37:57 AM PDT by thackney (life is fragile, handle with prayer)
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To: All
Found the opinion piece this morning.

Posted it:

Joel Kotkin: Will Obama play his aces?

Fate has dealt the president three ‘aces' that could leave him with a legacy of success – if he chooses to play them.


23 posted on 03/19/2013 9:45:26 AM PDT by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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