Author Topic: US to become largest oil producer by 2017?  (Read 743 times)

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US to become largest oil producer by 2017?
« on: November 12, 2012, 12:57:09 PM »

Offline Cman

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I saw an article today on yahoo finance on this topic, which draws heavily from a recent report by the International Energy Assoc.

Quote
A new report by the International Energy Association says the U.S. will become the world's largest oil producer by 2017, overtaking current leaders Saudi Arabia and Russia. U.S. energy policies initiated by the George W. Bush administration and implemented by President Barack Obama have moved the U.S. toward energy independence and away from Middle East energy sources. U.S. oil production has risen rapidly since 2008 and oil imports are at their lowest level in two decades.
http://finance.yahoo.com/blogs/daily-ticker/u-pass-saudi-arabia-energy-production-iea-says-170907660.html

Thoughts?
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Re: US to become largest oil producer by 2017?
« Reply #1 on: November 12, 2012, 01:15:05 PM »

Offline Rondo2287

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I saw an article today on yahoo finance on this topic, which draws heavily from a recent report by the International Energy Assoc.

Quote
A new report by the International Energy Association says the U.S. will become the world's largest oil producer by 2017, overtaking current leaders Saudi Arabia and Russia. U.S. energy policies initiated by the George W. Bush administration and implemented by President Barack Obama have moved the U.S. toward energy independence and away from Middle East energy sources. U.S. oil production has risen rapidly since 2008 and oil imports are at their lowest level in two decades.
http://finance.yahoo.com/blogs/daily-ticker/u-pass-saudi-arabia-energy-production-iea-says-170907660.html

Thoughts?

Im good with it if it lowers our out of pocket costs for gas.   developing a legitimate alternative to the middle east for these resources should be benneficial for everyone. 

except for the Middle East of course
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Re: US to become largest oil producer by 2017?
« Reply #2 on: November 12, 2012, 01:35:14 PM »

Offline Kwhit10

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I saw an article today on yahoo finance on this topic, which draws heavily from a recent report by the International Energy Assoc.

Quote
A new report by the International Energy Association says the U.S. will become the world's largest oil producer by 2017, overtaking current leaders Saudi Arabia and Russia. U.S. energy policies initiated by the George W. Bush administration and implemented by President Barack Obama have moved the U.S. toward energy independence and away from Middle East energy sources. U.S. oil production has risen rapidly since 2008 and oil imports are at their lowest level in two decades.
http://finance.yahoo.com/blogs/daily-ticker/u-pass-saudi-arabia-energy-production-iea-says-170907660.html

Thoughts?

Im good with it if it lowers our out of pocket costs for gas.   developing a legitimate alternative to the middle east for these resources should be benneficial for everyone. 

except for the Middle East of course

They'll be fine since by then China will be consuming more than we do now.

Re: US to become largest oil producer by 2017?
« Reply #3 on: November 12, 2012, 01:43:17 PM »

Offline pearljammer10

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Lower has prices? Then sure I'm ok. But what about the alternative sources of clean, green, and efficient energy we've been promised.

Re: US to become largest oil producer by 2017?
« Reply #4 on: November 12, 2012, 02:16:32 PM »

Online LooseCannon

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Im good with it if it lowers our out of pocket costs for gas.

How do you feel about it if it doesn't lower those costs?
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Re: US to become largest oil producer by 2017?
« Reply #5 on: November 12, 2012, 02:18:15 PM »

Offline Rondo2287

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Im good with it if it lowers our out of pocket costs for gas.

How do you feel about it if it doesn't lower those costs?

Then what the heck is the point of stripping our country of its natural resources.  I guess i either want it to lower our costs from the pump or have oil companies pay more in taxes to help bring down the deficit.  If it does neither of those things I would rather pillage the middle east for their supplies first and then start harvesting our own. 
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Re: US to become largest oil producer by 2017?
« Reply #6 on: November 12, 2012, 04:12:10 PM »

Offline blake

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Quote
Then what the heck is the point of stripping our country of its natural resources.  I guess i either want it to lower our costs from the pump or have oil companies pay more in taxes to help bring down the deficit.  If it does neither of those things I would rather pillage the middle east for their supplies first and then start harvesting our own.

Removing our energy dependence from the Middle East would be huge.  Strange that we keep refusing to do it through any other means than oil, but at least it is a start.

 

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