In 2015 USA largest oil producer
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Originally Posted By: brandini
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http://uk.reuters.com/article/2013/11/12/uk-iea-outlook-idUKBRE9AB0N920131112
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http://uk.reuters.com/article/2013/11/12/uk-iea-outlook-idUKBRE9AB0N920131112
The Saudis are claiming this will be a boom and then bust. But even decades ago when I studied geology in college it was known that there were at least 880 billion barrels of oil in oil shale. And they now have the technology to recover it. I have a source in the oil fields in North Dakota (he works on the rigs) and a huge amount of oil is being found. And because of new technology more oil and natural gas can be recovered. There was even a large new oil field discovered a while back in Texas.
The old timers had enough ambition to conduct field research and they drilled test holes many decades ago. It is a known fact that the United States has trillions of short tons of coal.
The old timers had enough ambition to conduct field research and they drilled test holes many decades ago. It is a known fact that the United States has trillions of short tons of coal.
Hmmm.....why are we on the global oil market? Why don't we just keep what we produce for ourselves and screw everybody else??? All we've been getting in the past is nothing but grief and disrespect from other nations that have oil. Let the other countries deal with these idiots. They want us out of "there," ok, we'll bail.....now watch and see what happens. There sure has been a lot of news on fraking. Just in my area, SW Oklahoma, there have been a very large increase in earthquakes....can't help to wonder if they are related. So much, that I went ahead and got earthquake coverage...suprised how cheap it was but most people don't understand that a typical homeowners policy does NOT cover any damage caused by earthquakes.
I just wish they'd start finding oil towards the center of ND.
Originally Posted By: Schmoe
Hmmm.....why are we on the global oil market? Why don't we just keep what we produce for ourselves and screw everybody else??
Because we *are* part of the market, and there is no effective way to change that fact.
When there are enough buyers and sellers, your purchasing/selling power has little influence. You can decide not to buy from X, and buy from Y instead. But if X drops their price by a penny, everyone else previously buying from Y buys from X. In the meantime, you are probably charged more by Y, because they can.
Hmmm.....why are we on the global oil market? Why don't we just keep what we produce for ourselves and screw everybody else??
Because we *are* part of the market, and there is no effective way to change that fact.
When there are enough buyers and sellers, your purchasing/selling power has little influence. You can decide not to buy from X, and buy from Y instead. But if X drops their price by a penny, everyone else previously buying from Y buys from X. In the meantime, you are probably charged more by Y, because they can.
Originally Posted By: djb
Originally Posted By: Schmoe
Hmmm.....why are we on the global oil market? Why don't we just keep what we produce for ourselves and screw everybody else??
Because we *are* part of the market, and there is no effective way to change that fact.
Yep, and you have been jamming the "American way" diown the globe's throat for decades, buying our industries (e.g. Vegemite for crying out loud), and having profits paid in country of ownership, not production...you guys want everyone's upside...there's a downside too.
Nobody else could have forced the global trade currency for oil into their own slips of rag paper and ink...
Originally Posted By: Schmoe
Hmmm.....why are we on the global oil market? Why don't we just keep what we produce for ourselves and screw everybody else??
Because we *are* part of the market, and there is no effective way to change that fact.
Yep, and you have been jamming the "American way" diown the globe's throat for decades, buying our industries (e.g. Vegemite for crying out loud), and having profits paid in country of ownership, not production...you guys want everyone's upside...there's a downside too.
Nobody else could have forced the global trade currency for oil into their own slips of rag paper and ink...
I care only that the USA still has a lot of oil and natural gas and coal. I don't know how this gets into jamming the 'American way' down the globe's throat. I don't care how people choose to live in other countries. They can live however they want to live. They can live under dictators, kings and queens, Sharia Law, whatever. It is not for me to chose how people decide to live in other countries.
I would prefer if American businessmen had their businesses in the USA, rather than producing stuff in other countries like China and then trying to hide profits in Ireland or wherever. But I am not responsible for what businessmen in the USA do. I am responsible for myself. I have no power. I am not president of the USA. I am not the CEO of Apple or Microsoft or GE.
This post is only about how the USA will be the world's largest oil and natural producer by 2015. It has nothing to do with jamming the 'American way' down anybody's throats.
I would prefer if American businessmen had their businesses in the USA, rather than producing stuff in other countries like China and then trying to hide profits in Ireland or wherever. But I am not responsible for what businessmen in the USA do. I am responsible for myself. I have no power. I am not president of the USA. I am not the CEO of Apple or Microsoft or GE.
This post is only about how the USA will be the world's largest oil and natural producer by 2015. It has nothing to do with jamming the 'American way' down anybody's throats.
It may be very important not just for the USA but for the world that the USA will be the world's largest oil and natural gas producer in 2015. Because if a war breaks out in the Middle East there will be a major disruption of the flow of Middle Eastern oil. And that could happen if the nuclear facilities in Iran are attacked.
Originally Posted By: Schmoe
Hmmm.....why are we on the global oil market? Why don't we just keep what we produce for ourselves and screw everybody else???
Even though we're poised to be the biggest producer, our status of (much) biggest consumer eclipses this.
http://www.eia.gov/energyexplained/index.cfm?page=oil_home#tab2
Aside from all that, if we find some real sour high sulfur crude it might make sense to sell it off to Somalia to run in their junkers while importing that glorious light sweet crude.
Hmmm.....why are we on the global oil market? Why don't we just keep what we produce for ourselves and screw everybody else???
Even though we're poised to be the biggest producer, our status of (much) biggest consumer eclipses this.
http://www.eia.gov/energyexplained/index.cfm?page=oil_home#tab2
Aside from all that, if we find some real sour high sulfur crude it might make sense to sell it off to Somalia to run in their junkers while importing that glorious light sweet crude.
Originally Posted By: Shannow
Yep, and you have been jamming the "American way" diown the globe's throat for decades, buying our industries (e.g. Vegemite for crying out loud), and having profits paid in country of ownership, not production...you guys want everyone's upside...there's a downside too.
Vegemite? I always wonder what that was when I heard the song by Men at work: "He just smiled and gave me a Vegemite sandwich" For years I wondered what the H-Ell that was...
Yep, and you have been jamming the "American way" diown the globe's throat for decades, buying our industries (e.g. Vegemite for crying out loud), and having profits paid in country of ownership, not production...you guys want everyone's upside...there's a downside too.
Vegemite? I always wonder what that was when I heard the song by Men at work: "He just smiled and gave me a Vegemite sandwich" For years I wondered what the H-Ell that was...
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Originally Posted By: Mystic
The USA has tripled its oil production and will be the world's largest oil and natural gas producer in 2015.
Some nations have a lot of reserve capacity and they've used that capacity in the past to bankrupt enhanced recovery operators.
2015 is a ways off.
Still, I'm both surprised and pleased to see the enormous increase in US production.
I do wonder whether we're just postponing the day of reconing, though.
A lot of new production doesn't equal infinite supply.
We do need to continue to pursue both efficiency and renewable sources of energy as well as nuclear.
Low prices will only encourage increased consumption which is not a viable alternative for our grandchildren.
The USA has tripled its oil production and will be the world's largest oil and natural gas producer in 2015.
Some nations have a lot of reserve capacity and they've used that capacity in the past to bankrupt enhanced recovery operators.
2015 is a ways off.
Still, I'm both surprised and pleased to see the enormous increase in US production.
I do wonder whether we're just postponing the day of reconing, though.
A lot of new production doesn't equal infinite supply.
We do need to continue to pursue both efficiency and renewable sources of energy as well as nuclear.
Low prices will only encourage increased consumption which is not a viable alternative for our grandchildren.
Originally Posted By: Shannow
My post was in response to "screw everybody else" post if you care to look up a line or two...
You haven't jumped on his post...
Indeed.
I'm a citizen, born and raised in the USA, family has been here five generations and I agree with you Shannow!
I am sick and tired of the elite in this country forcing globalism and mass consumerism on the rest of the world.
My post was in response to "screw everybody else" post if you care to look up a line or two...
You haven't jumped on his post...
Indeed.
I'm a citizen, born and raised in the USA, family has been here five generations and I agree with you Shannow!
I am sick and tired of the elite in this country forcing globalism and mass consumerism on the rest of the world.
I am not trying to force 'globalism' or whatever you want to call it on anybody. But I get extremely tired of the hate directed at the USA. For a country so hated there sure seem to be a lot of people who want to come to the USA. My brother is the most liberal guy I know. He has been in over 100 countries, over 50% of the countries in the world. My oldest sister retired from the Army and was also in foreign countries. Based on what they have told me I am quite happy being in the USA and I really would not care to live in a majority of other countries.
What is taking place today has happened throughout history. When Alexander The Great conquered much of the Middle East the Greek language became extremely common throughout much of the Middle East. The British Empire once circled the globe and after the decline of the British Empire the United States became a world superpower. The
English language today is spoken by something like one billion people throughout the world, at least as a second or third language. In the past it took a lot of time for ideas, etc., to spread throughout the world. You had to wait for a sailing ship to arrive. Today we have communications at the speed of light and music or dancing that become popular in the USA can spread quickly throughout the world. I know more about all of this than you think. I took a lot of Anthropology classes in college.
I regret myself that a lot of languages have become extinct and all of the other stuff that has happened. But nobody can stop it. In the world we live in today information spreads so quickly a person would have to live in a 'hermit empire' like North Korea to not be exposed to worldwide communication, and they can't stop it even in North Korea.
I refuse to hate any country or any people in the world. In any case this post is about the USA becoming the world's largest oil and natural gas producer in a few years.
What is taking place today has happened throughout history. When Alexander The Great conquered much of the Middle East the Greek language became extremely common throughout much of the Middle East. The British Empire once circled the globe and after the decline of the British Empire the United States became a world superpower. The
English language today is spoken by something like one billion people throughout the world, at least as a second or third language. In the past it took a lot of time for ideas, etc., to spread throughout the world. You had to wait for a sailing ship to arrive. Today we have communications at the speed of light and music or dancing that become popular in the USA can spread quickly throughout the world. I know more about all of this than you think. I took a lot of Anthropology classes in college.
I regret myself that a lot of languages have become extinct and all of the other stuff that has happened. But nobody can stop it. In the world we live in today information spreads so quickly a person would have to live in a 'hermit empire' like North Korea to not be exposed to worldwide communication, and they can't stop it even in North Korea.
I refuse to hate any country or any people in the world. In any case this post is about the USA becoming the world's largest oil and natural gas producer in a few years.
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I hope that the word "hate" isn't directed at me, as that's the last thing in my make-up...was in the US a few years ago, and will be again withing the next 18 months, and spending my tourist dollars there...
(Again) the comment was made to the "screw everybody else", in relation to global oil markets, when everybody else has been screwed already, with the "free trade" and global reserve currency dealings of the past...again, which you seem to be OK with, as you haven't jumped there.
(Again) the comment was made to the "screw everybody else", in relation to global oil markets, when everybody else has been screwed already, with the "free trade" and global reserve currency dealings of the past...again, which you seem to be OK with, as you haven't jumped there.
It's OK for other countries to be nationalistic. It's not OK for the USA to be nationalistic. I don't get that AT ALL. That is NOT a "screw everybody else" attitude, we are just sick of being the doormat for the world. Honestly I don't think we are forcing anyone to sell us junk, and I just as soon quit buying from the rest of the world, but you know how that story ends.
Countries around the world are free to determine just how much free trade they want and what regulations foreign companies and their products need to comply with eg advertising to children, GMO etc. In the main, I don't think the US has imposed anything on them. And I don't see anything sinister with the US$ being a reserve currency. Individuals, companies and countries are free to choose what foreign currency they wish to keep their reserves in.
So I don't see what there is to blame the US on this front. Now if you were to talk about what goes on behind the scenes in terms of exerting undue influence for economic gain through intelligence activities, political and diplomatic means and of course military actions, then I think you have a stronger case.
But none of this means you hate America. It means you are exercising something that America holds as very important, free speech.
What is dangerous and sometimes hateful, IMO is to negate opinions by labelling them anti American.
As Jesus and Bud dha taught us, we must be willing to look at ourselves first.
So I don't see what there is to blame the US on this front. Now if you were to talk about what goes on behind the scenes in terms of exerting undue influence for economic gain through intelligence activities, political and diplomatic means and of course military actions, then I think you have a stronger case.
But none of this means you hate America. It means you are exercising something that America holds as very important, free speech.
What is dangerous and sometimes hateful, IMO is to negate opinions by labelling them anti American.
As Jesus and Bud dha taught us, we must be willing to look at ourselves first.
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