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Old 10-25-2018, 12:55 PM   #16
lustylad
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We are very close to energy independence right now. I think the date is sometime next year when we obtain it.

Ignoring Saudi Arabia does not take 10M bpd off the market. It just shifts around who buys what. But, assuming 10M bpd was removed from the market, the USA could add that type of production in 9 months because shale requires less upstart time than deep water. We are loaded with oil and gas. We would be even richer...
Actually, a Saudi-Iran war that choked off the flow of oil through the Strait of Hormuz would take even MORE than 10 million bpd off the market if it also stopped the flow of Kuwaiti, Iraqi, Iranian and UAE crude supplies.

Your claim that the US could nearly double our domestic oil production in 9 months proves you know nothing about geology, reserves, fracking or energy economics. Unless you're just being facetious again.
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Old 10-25-2018, 12:56 PM   #17
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Incorrect. We're a VERY long way from energy independence, although due to the fracking revolution and other technological advances, we produce vastly more oil and gas than we did prior to this decade. Although we do export some oil (which is primarily the wrong type of crude for our refining/distribution infrastructure), we import FAR more oil than we export, and that will continue to be the case for the foreseeable future.
https://www.forbes.com/sites/rrapier.../#7c54ed1271a6

Seems I am correct you scs...
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Old 10-25-2018, 01:01 PM   #18
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Pie in the sky. We consume far too much for that rosy scenario to be likely to play out.


And just out of curiosity, what the fuck is an "SCS?"
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Old 10-25-2018, 01:05 PM   #19
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Pie in the sky. We consume far too much for that rosy scenario to be likely to play out.


And just out of curiosity, what the fuck is an "SCS?"
Rosey scenario?! Because you said so?! HA! HA! HA! HA! HA! HA! HA! HA! HA! You scs...


SCS? For me to know and you to guess...

Anyone want to take a guess at to what "SCS" means?
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Old 10-25-2018, 01:07 PM   #20
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Anyone want to take a guess as to what "SCS" means?
I give... is it something that will get you pointed?
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Old 10-25-2018, 01:08 PM   #21
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Pie in the sky. We consume far too much for that rosy scenario to be likely to play out.
Plus he collapsed the projection of a decade down to 9 months lol.
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Old 10-25-2018, 01:15 PM   #22
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Pie in the sky. We consume far too much for that rosy scenario to be likely to play out.


And just out of curiosity, what the fuck is an "SCS?"
The jest of the article were some assumptions that Marshall fails to acknowledge. ..1) Oil Prices need to rise 2) Electric Car consumption needs to increase too.

So yes we can be energy independent if gas prices hit 5 dollars a gallon and everyone buys an electric car and we convert all our refineries from heavy crude production to light!
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Old 10-25-2018, 01:22 PM   #23
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The jest of the article were some assumptions that Marshall fails to acknowledge. ..1) Oil Prices need to rise 2) Electric Car consumption needs to increase too.

So yes we can be energy independent if gas prices hit 5 dollars a gallon and everyone buys an electric car and we convert all our refineries from heavy crude production to light!
Surely you jest when you really should gist...

WDF!




HA! HA! HA! HA! HA! HA! HA! HA! HA! HA!












































































PS: I am still right...
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Old 10-25-2018, 01:37 PM   #24
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Surely you jest when you really should gist...

WDF!




PS: I am still right..
It is jest if you think that article backs up you assertion that we are energy independent.
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Old 10-25-2018, 01:40 PM   #25
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It is jest if you think that article backs up you assertion that we are energy independent.
Gonna be energy independent, especially after what I see Trump is up too...
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Old 10-25-2018, 01:55 PM   #26
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Gonna be energy independent, especially after what I see Trump is up too...
Not even the article you cited believes that.

It called for high oil prices and a shift to electric cars.

Hell one can do that with a gas tax....is that what you are suggesting?
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Old 10-25-2018, 02:03 PM   #27
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Interesting definition of "energy independence." Some oil enters and exits the country for various reasons, but the long and short of it is that the US currently produces about 11MM bpd, give or take a little, and consumes 19 or 20. And extended projections that involve bending that trajectory significantly contain a lot of rosy assumptions and wishful thinking. See a slight arithmetic problem here? LOL
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Old 10-25-2018, 02:04 PM   #28
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Plus he collapsed the projection of a decade down to 9 months lol.
You unrealistically wiped 10M bpd out of the world market. If you did that, production elsewhere would ramp up. 9 months? Easily, if that...
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Old 10-25-2018, 02:06 PM   #29
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Interesting definition of "energy independence." Some oil enters and exits the country for various reasons,
That has to do with cost and ability to transport oil around df...If you are in MI, are transportation costs cheaper if you bought from Canada or TX? Do you know?
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Old 10-25-2018, 02:07 PM   #30
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Who thinks the Department of Energy is wrong when they claim we are the energy superpower of the world?
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