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Shale Oil Will Boost U.S. Production, But It Won’t Bring Energy Independence

MIT Press - technology review -- The United States could see a surge in oil production that could make it the world’s leading oil producer within a decade, according to a new report from the International Energy Agency. But that lead will likely be temporary, and it still won’t allow the United States to stop importing oil. Barring technological breakthroughs in oil production and major reductions in consumption, the United States will need to rely on oil from outside its borders for the foreseeable future.

This week’s IEA report predicts that a relatively new technology for extracting oil from shale rock could make the United States the world’s leading oil producer within a decade, beating the current leader, Saudi Arabia.

The idea that the U.S. could overtake Saudi Arabia, even temporarily, is a stunning develop


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Submitted Nov 16, 2012 By: NHLiveFree
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tomok
Champion Author Portland

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Message Posted: Nov 17, 2012 3:44:14 AM

Shale Oil Will Boost U.S. Production, But It Won’t Bring Energy Independence and a very large part of the fuel and natural gas will be exported to other countries that will pay more for it. Building more refineries is Not the answer, keep the fuel and natural gas 'here' is The answer!
Big Oil and Big Gas continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. 'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down! People will still drive and buy fuel no matter what but it sure helps to have a job too!
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal greedy benefit.
The price at the pump needs to go down to $2/gallon, *$3, *$3.50/gallon or *$4.00 is Not the new low!
Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII!
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DrCashFlow
Champion Author Massachusetts

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Message Posted: Nov 17, 2012 2:07:58 AM

first the yaysayers, now the naysayers chime in on the notion of energy independence. whom to believe... time will tell.
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NHLiveFree
Champion Author New Hampshire

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Message Posted: Nov 16, 2012 11:00:24 PM


Great comments. Perhaps the first step is to keep all our natural resources in the USA since we remain the largest consumers of energy in the world. It would be extremely short-sighted to allow it to be piddled away around the world to the highest bidder in the name of 'free trade' or corporate freedom to constantly 'take'.
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MAC48
Champion Author Dallas

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Message Posted: Nov 16, 2012 7:36:21 PM

When one thinks of US energy independence, i.e. produces more than it consumes, as a standalone entity, one needs to realize that this will probably never happen. When one thinks of US energy independence as an entity within the three country North America group, then one needs to realize that this could very well happen.

Even if the three country group comprising North America achieves energy independence, it will not mean $1, $2, $3, $4 or $5 per gallon gasoline. The price here in North America has to be great enough that the owners of North American produced crude oil and the refined products it represents want to sell their production here in North America as opposed to incurring the cost to use oil or refined oil products transportation facilities, such as pipelines, trains, oil tankers, etcetera to ship their product to foreign markets. For example, if Asian markets are willing to pay $100 per barrel for North American produced crude oil but it cost $20 dollars per barrel to get that crude oil to these Asian markets, then the North American market had better be willing to pay $75 to $85 to keep that crude oil here in North America to provide for North American needs. This is how the global energy market works for all types of energy except electricity.
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too_darned_high
Champion Author Indianapolis

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Message Posted: Nov 16, 2012 7:29:56 PM

This country has so much reserve oil, coal, and natural gas that we could be using while also working to make wind and solar much more cost-effective. Energy independence is NOT far-fetched at all...we just need the right people working to make that happen.
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knot2swift
Champion Author Calgary

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Message Posted: Nov 16, 2012 7:16:12 PM

When the price of oil hits $150 and is sustained. When better "Fracking" technology is made.....Then the oil in the mid west will be one of the big plays in the world.

Meanwhile...We got lots of dead organic life giving off lots of Natural Gas while decomposing. We got a couple of hundred years worth of Coal that can burn quite cleanly if we crush it into a gas.

Besides that, wind and solar will come down in price to made both a viable alternative.

So what's the problem besides narrow mindedness by the author of this article. Sometimes problems are solved by combining many options. That's the best application of the idiot buzz words "Multi Tasking". "Instead of doing many things at once, why not attack a single problem from many differant angles"

Has any "Rocket Scientist" figured that one out? I do it all the time at work with my own silly ass problems.
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5Golfer8
Champion Author Tucson

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Message Posted: Nov 16, 2012 7:11:35 PM

Of course the con artist would say that.

[Edited by: 5Golfer8 at 11/16/2012 8:12:38 PM EST]
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bababooey2
Champion Author Hartford

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Message Posted: Nov 16, 2012 7:06:08 PM

We will always be buying oil overseas.
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g747
Champion Author Mobile

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Message Posted: Nov 16, 2012 7:00:29 PM

That's what we need as a country to excell in commodities,to circumvent ourselves to that crucial point of interest.
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mabrams184
Champion Author Lexington

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Message Posted: Nov 16, 2012 6:53:18 PM

But will prices drop back down below $3 per gallon?
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alkarn
Champion Author Riverside

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Message Posted: Nov 16, 2012 6:50:58 PM

Status quo.
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marinedad1949
Champion Author Lancaster

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Message Posted: Nov 16, 2012 6:48:16 PM

We need energy independence right now due to the volatility of the Mid East and what is about ready to break out there.
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skb69sa
Champion Author San Antonio

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Message Posted: Nov 16, 2012 6:48:09 PM

Information's are highly conflicting.
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PTBpricer
Champion Author Virginia

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Message Posted: Nov 16, 2012 6:47:45 PM

Hasn't this been in three other articles in the last few weeks.
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skysteve1
Champion Author Victoria

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Message Posted: Nov 16, 2012 6:41:15 PM

especially if its alternative fuel
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Bonito
Champion Author Dayton

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Message Posted: Nov 16, 2012 6:35:00 PM

We make enough Oil and gasoline to take care of the needs of the USA! Moving to be the number 1 oil producer in the WORLD! In 10 years we will no longer need oil or gasoline because we will have other engine plants that don't need refilling!
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swrestler
Champion Author Grand Rapids

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Message Posted: Nov 16, 2012 6:32:35 PM

We Need Our Oil Independence Now.....
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milespergallon
Champion Author Illinois

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Message Posted: Nov 16, 2012 6:31:12 PM

Excuse me!!!!!!!!!!!!!!
We already ARE at independence!
We are now exporting more than we import! That makes use CAPABLE of independence!
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carinthuist
Champion Author San Francisco

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Message Posted: Nov 16, 2012 6:31:03 PM

ok but we need oil indepence in the future
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rampower80
Champion Author Kentucky

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Message Posted: Nov 16, 2012 6:26:24 PM

If we can produce 80% of our oil, it is much better than where we were.
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tnfran
Champion Author Arizona

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Message Posted: Nov 16, 2012 6:24:46 PM

Drill here, keep it here . And then yes then it would help US have energy independence. Gotta have a "Leader though" which we don't .
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DEG
Champion Author Las Vegas

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Message Posted: Nov 16, 2012 6:21:23 PM

Back in the 1970s we were told that the world would be out of oil by now. The same tree-huggers are still crying wolf and running around like chicken little claiming that people are the cause of global warming.

The US could indeed become energy efficient (especially if we limited the export of refined crude products).
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Romey08
Champion Author Virginia

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Message Posted: Nov 16, 2012 6:14:13 PM

If we stop export our oil, we can probably be self-reliant and independent.
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2granny
Champion Author Michigan

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Message Posted: Nov 16, 2012 6:11:56 PM

Sounds good, but we will see.
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gass12
Champion Author Omaha

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Message Posted: Nov 16, 2012 6:06:38 PM

Shoud help out.
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Rt118E
Champion Author Pennsylvania

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Message Posted: Nov 16, 2012 6:05:05 PM

We need to get away from Araba Oil
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brbts
Champion Author Charlotte

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Message Posted: Nov 16, 2012 6:04:53 PM

Not if we keep EXPORTING IT! Get it here and KEEP IT HERE for US!
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wildddkattt80
Champion Author Phoenix

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Message Posted: Nov 16, 2012 6:04:42 PM

Ok
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Ken2OD
Champion Author Grand Rapids

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Message Posted: Nov 16, 2012 6:04:27 PM

Every little bit helps us to shed ourselves from OPEC!
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ber5
All-Star Author Chicago

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Message Posted: Nov 16, 2012 6:04:17 PM

THIS is a good thing...
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bevmill
Champion Author Georgia

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Message Posted: Nov 16, 2012 6:04:05 PM

Well ok I guess.
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mplato
Champion Author Columbia

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Message Posted: Nov 16, 2012 6:00:26 PM

of course if we dont drill in areas that have know resourses...we never will
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balljars
Champion Author Michigan

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Message Posted: Nov 16, 2012 6:00:02 PM

Could we really overtake Saudi Arabia? I guess time will tell.
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nauzad
Champion Author Las Vegas

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Message Posted: Nov 16, 2012 5:59:32 PM

hmm...
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fieldt
Champion Author Lansing

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Message Posted: Nov 16, 2012 5:58:35 PM

The sooner we get started the sooner we can use it.
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nztyraider
Champion Author Nevada

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Message Posted: Nov 16, 2012 5:58:18 PM

If you say so.
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Bonanza
Champion Author Boston

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Message Posted: Nov 16, 2012 5:57:24 PM

Just get the gasoline price down
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camaro_man
Champion Author Kitchener-Waterloo

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Message Posted: Nov 16, 2012 5:57:07 PM

wow really??
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captngasTN
Champion Author Tennessee

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Message Posted: Nov 16, 2012 5:53:53 PM

neither will guvment funded EV, solar and wind projects with poor business models
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rf6480
Champion Author Miami

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Message Posted: Nov 16, 2012 5:51:18 PM

If we produce so much why do we pay so much? Libya for example shared the wealth with all citizens, at least before we "liberated" them.
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Gascapade
Champion Author Fort Worth

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Message Posted: Nov 16, 2012 5:50:47 PM

We will be energy independent if ALL forms of energy are developed and utilized, not just the corrupt, colluded, rampantly speculated, and price manipulated crude oil market....
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rx7racerca
Champion Author Calgary

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Message Posted: Nov 16, 2012 5:49:34 PM

99church - the US imports almost 50% of its crude needs currently. It is not a crude exporter, and never will be, according to the article. Between increases in US production and decreases in comsumption, the US can hope to significantly reduce its need for imported crude.
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wz
Champion Author Twin Cities

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Message Posted: Nov 16, 2012 5:48:15 PM

The initial goal is to become North American dependent (allowing for imports from Canada, but ending the imports from Arab states). That is an achievable target in the foreseeable future, unless the Obama administration gets in the way.

We are only surpassing Saudi Arabia because they withhold production to keep global prices up. They could double their output, if they could sell it for $100/barrel.
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fire@53
Champion Author Philadelphia

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Message Posted: Nov 16, 2012 5:47:48 PM

The current administration is in love with wind and solar. They will find a way to stop as much drilling as the can to push their agenda!
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rjoeh
Champion Author Michigan

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Message Posted: Nov 16, 2012 5:47:45 PM

Probably not... but it will go a long way for quite a few years in putting the US closer to that magic status.
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merlinMalo
Champion Author San Antonio

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Message Posted: Nov 16, 2012 5:47:04 PM

OK
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marsbars
Champion Author Alaska

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Message Posted: Nov 16, 2012 5:45:07 PM

Our gov't. won't let us be independent... too many greenies.
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99church
Champion Author Indiana

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Message Posted: Nov 16, 2012 5:43:28 PM

That's because we export a lot of the oil, sell it else where for a higher prices.
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Dsin44
Champion Author Abbotsford

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Message Posted: Nov 16, 2012 5:40:29 PM

next we will import drinking water
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REKEY
Champion Author South Carolina

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Message Posted: Nov 16, 2012 5:39:33 PM

Cause we do not ever try to cut back!
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