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Thread: US to Become the Biggest Oil Producer by 2020, Energy Independent by 2030

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    LouPhinFan's Avatar
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    US to Become the Biggest Oil Producer by 2020, Energy Independent by 2030

    The United States will overtake Saudi Arabia to become the world's biggest oil producer before 2020, and will be energy independent 10 years later, according to a new forecast by the International Energy Agency.
    The recent resurgence in oil and gas production, and efforts to make the transport sector more efficient, are radically reshaping the nation's energy market, reported Paris-based IEA in its World Energy Outlook.

    North America would become a net exporter of oil around 2030, the global organization said Monday.

    "The United States, which currently imports around 20% 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," the IEA stated.
    http://money.cnn.com/2012/11/12/news...P_LN&hpt=hp_t1

    Interesting.
    Insert pithy saying here.

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    phinfan3411's Avatar
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    Boy, I hope Press Coverage doesn't see this somehow.
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    Locke's Avatar
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    Quote Originally Posted by phinfan3411 View Post
    Boy, I hope Press Coverage doesn't see this somehow.
    I know what he would say, and I would agree with him. This is the calm before the storm. At some point soon, oil reserves are going to start to diminish. When that happens, I really hope we have alternative energy technology that we are simply not using...

    If I could take your pain and frame it, and hang it on my wall,
    maybe you would never have to hurt again...

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    Mazinator1027's Avatar
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    I'm really losing any hope that we'll ever actually address this environmental crisis Going on. It is more important than the debt, foreign policy, our any social issue and we seem to think it'll repair by itself. Becoming oil independent is not the answer.
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    LouPhinFan's Avatar
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    Quote Originally Posted by phinfan3411 View Post
    Boy, I hope Press Coverage doesn't see this somehow.
    Ah, PressCoverage. I kinda miss that ol' kook.
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    rob19's Avatar
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    1972 Dolphins Logo
    Fracking has it's drawbacks as well as it's positives.
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    LouPhinFan's Avatar
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    Quote Originally Posted by rob19 View Post
    Fracking has it's drawbacks as well as it's positives.
    Yeah unfortunately fracking fluid is pretty toxic.
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    Tetragrammaton's Avatar
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    Quote Originally Posted by Mazinator1027 View Post
    I'm really losing any hope that we'll ever actually address this environmental crisis Going on. It is more important than the debt, foreign policy, our any social issue and we seem to think it'll repair by itself. Becoming oil independent is not the answer.
    On the money. Everything is second to the environment, and as long as we ignore it, we are destroying the future of this and every country.
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