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  Topic: US to overtake Saudi Arabia in
oil as China´s water runs dry
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US to overtake Saudi Arabia in
oil as China´s water runs dry

Telegraph [UK], by Ambrose Evans-Pritchard

Original Article

Posted By:Attercliffe, 11/12/2012 7:48:09 PM

It is official. The US will overtake Saudi Arabia to become the world´s top oil producer by 2017. The International Energy Agency (IEA) said in its world outlook for 2012 this morning that the US will be a net exporter of gas by 2020, with all the vast implications of abundant cheap gas for its chemical, plastics, glass, and steel industries. "The United States, which currently imports around 20 per cent of its total energy needs, becomes all but self-sufficient in net terms – a dramatic reversal of the trend seen in most other energy importing countries," it said.

      


Post Reply  

Reply 1 - Posted by: Davids918, 11/12/2012 7:51:49 PM     (No. 9009878)

Don´t worry the Obama admin and their EPA will stop this from happening.

What Republicans need to do is quantify this in dollar terms that will affect the state, county and city budgets.

How it will hurt the local tax-base that pays for school teachers, police, fire, etc...


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Reply 2 - Posted by: RUReadyY3K, 11/12/2012 7:52:08 PM     (No. 9009880)

Democrats would take credit in the 2016 elections. This occurs during Obama second term. However, I don´t believe he will allow this to happen.

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Reply 3 - Posted by: Peach1, 11/12/2012 7:57:49 PM     (No. 9009892)

This will not happen under Obama.

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Reply 4 - Posted by: oh-heck, 11/12/2012 11:25:38 PM     (No. 9010291)

The EPA has tried to stop the liberation of tight oil from shale formations with emergency orders in Wyoming and Texas. Both went to court and were either beaten or dropped at the last moment by the EPA. The oil is coming from private property so the federal government is not part of permitting. In 2009, Congress left the door open for the EPA to study hydraulic fracturing with a paragraph in the Clean Water Act. This has led to demanding companies list the ingredients in their proprietary formulations, but without leading to panic among the citizens. Now they are trying to block flaring of natural gas. In TX, some of the exploration companies are installing micro-turbines to run the fracturing pumps with electricity generated on-site with the gas from the last well drilled.

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Reply 5 - Posted by: Mr. Hanky, 11/13/2012 2:16:49 AM     (No. 9010399)

I´ve always said if you could speak Chinese and sold water purification equipment you´d be rich...

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Reply 6 - Posted by: provide, 11/13/2012 7:45:04 AM     (No. 9010643)

Why not let China chop their population with cholera?

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