Energy analysts: Expanded drilling can get the U.S. off of Mideast oil

posted at 7:21 pm on June 27, 2012 by Erika Johnsen

I don’t buy in to the school of thought that the United States need be a necessarily energy-independent nation — especially not if that’s supposed to entail that we pour tons of cash down the tubes in the foolish attempt to center our energy infrastructure around wind, solar, etcetera. I think we need to just stop taking ourselves out of the game through scant permitting and uncertainty-inducing regulatory schemes — and increased energy security will naturally follow suit. There’s lots of wealth to be made in the energy sector, and not only do Americans want to get in on the economic action, but we’ve got abundant enough resources to do it, too.

Thanks to the efficient, innovation-encouraging mechanisms of the free market, it looks like ending our reliance on oil from the Middle East could be a very real possibility.

America will halve its reliance on Middle East oil by the end of this decade and could end it completely by 2035 due to declining demand and the rapid growth of new petroleum sources in the Western Hemisphere, energy analysts now anticipate.

The shift, a result of technological advances that are unlocking new sources of oil in shale-rock formations, oil sands and deep beneath the ocean floor, carries profound consequences for the U.S. economy and energy security. …

By 2020, nearly half of the crude oil America consumes will be produced at home, while 82% will come from this side of the Atlantic, according to the U.S. Energy Information Administration. By 2035, oil shipments from the Middle East to North America “could almost be nonexistent,” the Organization of Petroleum Exporting Countries recently predicted, partly because more efficient car engines and a growing supply of renewable fuel will help curb demand.

The change achieves a long-sought goal of U.S. policy-making: to draw more oil from nearby, stable sources and less from a volatile region half a world away. …

Team Obama is fond of throwing around misleading statistics like, “We consume 20 percent of the world’s oil, but only have 2 percent of the world’s oil reserves” — but to anyone who knows anything about oil, that just sounds really dumb. That statement assumes finite proven reserves, except that our proven reserves are expanding all the time. Not only do we continually discover new and deeper deposits, but we’re continually developing better technology that makes previously unobtainable oil suddenly available for extraction.

As the above article describes, hydraulic fracturing (a.k.a. “fracking) has been a huge part of that technological advancement — which makes it really comforting that the Obama administration is using dubious claims of possible environmental calamities as an excuse to start regulating the heck out of fracking, doesn’t it?


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Energy analysts: Expanded drilling can get the U.S. off of Mideast oil

Frack! -Lib.

Electrongod on June 27, 2012 at 7:24 PM

I KNEW it!

minnesoter on June 27, 2012 at 7:25 PM

Oh, do tell. WTF!

ahlaphus on June 27, 2012 at 7:25 PM

No duh.

squint on June 27, 2012 at 7:25 PM

Regardless, it won’t bring the price of oil/gasoline down.

rickv404 on June 27, 2012 at 7:26 PM

So you’re telling me that Sarah Palin was right while Barack Obama and Nancy Pelosi are full of it ?

J_Crater on June 27, 2012 at 7:26 PM

Regardless, it won’t bring the price of oil/gasoline down.

rickv404 on June 27, 2012 at 7:26 PM

Why?

tom daschle concerned on June 27, 2012 at 7:27 PM

Drill baby Drill!!!!!!!!!

karenhasfreedom on June 27, 2012 at 7:27 PM

Regardless, it won’t bring the price of oil/gasoline down.

rickv404 on June 27, 2012 at 7:26 PM

Oh absoulutely! I mean everybody knows that when supply goes up prices do to.

/sarc Marxist nimrod.

minnesoter on June 27, 2012 at 7:28 PM

When i was in college years ago we believed nuclear fusion had to be the answer. I have been disappointed for years that insufficient money has been spent on that research. Instead we tilt at wind mills and wring our hands about CO2. If we had spent half the money on climate research on fusion, we might have a real solution by now.

aniptofar on June 27, 2012 at 7:29 PM

I don’t buy in to the school of thought that the United States need be a necessarily energy-independent nation — especially not if that’s supposed to entail that we pour tons of cash down the tubes in the foolish attempt to center our energy infrastructure around wind, solar, etcetera.

Full energy independence should be a goal and it very well may be achievable with Coal, Natural Gas, Oil, and Nuclear energy at our disposal. It’s something we should definitely strive for while alternative energies are researched but not forced on the market since they are clearly not economically viable at this time.

Daemonocracy on June 27, 2012 at 7:31 PM

aniptofar on June 27, 2012 at 7:29 PM

I agree! We definitely need more research on fusion. If we can make it happen, the idea of what I recall was labeled the ‘fusion torch’ also solves the garbage problem.

Liam on June 27, 2012 at 7:33 PM

Yeah sure. It all sounds good but I heard it will take 10 years to build new refineries so let’s not. And whales will bump their heads on the forests of oil rigs. And I heard that some seagulls got oily up in Alaska and THE POLAR BEARS WILL DIE!!!!

…..and our gas prices should be as high as Europe’s anyway

/Chu Chu

Ditkaca on June 27, 2012 at 7:33 PM

If we had spent half the money on climate research on fusion, we might have a real solution by now.

aniptofar on June 27, 2012 at 7:29 PM

True, but people like, for example, rickv404, see the world through a straw.

HomeoftheBrave on June 27, 2012 at 7:33 PM

Obama: La-la-la! I can’t hear you! I’ve got my fingers in my ears! And, no, I can’t read anything either…unlike Nancy Pelosi, I can actually close my eyes!

Resist We Much on June 27, 2012 at 7:34 PM

Not with President Obumbles in office… OK for Brazil but not for USA…

Khun Joe on June 27, 2012 at 7:34 PM

Regardless, it won’t bring the price of oil/gasoline down.

rickv404 on June 27, 2012 at 7:26 PM

By that kind of genius Leftist logic, we might as well stop all domestic energy production, because nothing we do can/will affect prices!

Bizarro No. 1 on June 27, 2012 at 7:34 PM

Supply going up faster than consumption goes up will bring the price down. Even if increased consumption forces prices higher, increased supply will keep them from going up by as much as they would otherwise. And a shift toward pro-drilling federal policies will bring prices down very fast, as speculators price into the market the future expectation of expanded domestic production.

All that having been said, what this won’t do is insulate the US from geopolitical oil shocks. Oil is a fungible commodity traded on the global market. If supply suddenly contracts in, say, Venezuela or Iran, prices for domestic and Canadian oil will still go up. So while there are many economic benefits to expanding domestic production, there’s no strategic benefit to “getting ourselves off Middle East oil”.

Fabozz on June 27, 2012 at 7:35 PM

I know! Let’s issue a mandate that everyone has to buy a Windmill
or pay a penalty. /sarc

Varchild on June 27, 2012 at 7:39 PM

If Liberals were logical (yeah, stop laughing), they would endorse domestic energy production allowing the US to become more independent and an exporter. Right?

Wouldn’t that allow us to stop these awful wars they complain about? The screams about raping other countries for their oil should be unnecessary. Heck, we could, conceivably, cut our defense budget considerably. Right?

But, NO. We’re not allowed to do anything other than accept a forced and unnecessary decline which will do immense damage globally and ruin the dreams of many Americans.

The bottom line is that Liberals make no sense. They are emotional haters who hate their own country above all else. And sadly, they hate their own people. Reckless, feckless, selfish and stupid.

Cody1991 on June 27, 2012 at 7:40 PM

The Creator of The Gaia Theory: The Science Is Not Settled

M2RB: U2

‘I made a mistake’: Gaia theory scientist, James Lovelock, admits his previous claims about the deadly impact of climate change were ‘too alarmist and so was Al Gore.’ Lovelock pointed to Gore’s “An Inconvenient Truth” and Tim Flannery’s “The Weather Makers” as other examples of “alarmist” forecasts of the future…”

The problem is we don’t know what the climate is doing. We thought we knew 20 years ago. That led to some alarmist books – mine included – because it looked clear cut, but it hasn’t happened. The climate is doing its usual tricks. There’s nothing much really happening yet. We were supposed to be halfway toward a frying world. [The temperature] has stayed almost constant, whereas it should have been rising – carbon dioxide is rising, no question about that.”

- James Lovelock, environmental scientist

James Lovelock is not the only Member of the Cult of Gaia who has begun to walk back from his hysterical positions:

“I feel duped on climate change.”

- Fritz Vehrenholt, a GIANT and EVANGELIST in the global warming movement

“He is typical of someone who came of age during the student protest movement of the late 1960s, and who fought against the chemical industry’s toxic manufacturing plants in the 1970s. His party, Germany’s center-left Social Democratic Party (SPD), chose him as environment senator in the city-state of Hamburg… Now, as the outgoing CEO of the renewable energy group RWE Innogy, he is about to embark on his next major battle…

“The climate catastrophe is not occurring.”

- Fritz Vehrenholt, in his book “Die Kalte Sonne” (The Cold Sun)

Resist We Much on June 27, 2012 at 7:40 PM

You know what would really help get us off of mideast oil?

Trains!!!

Ditkaca on June 27, 2012 at 7:41 PM

I know! Let’s issue a mandate that everyone has to buy a Windmill
or pay a penalty. /sarc

Varchild on June 27, 2012 at 7:39 PM

Or, better: The new Buick Blowhard, which doesn’t need an acid-filled battery to harm the Earth in a crash but instead relies on a windmill.

Selling slogan: “The harder the wind blows, the faster you go!”**

(**Kid-tested, Obama-approved)

Liam on June 27, 2012 at 7:43 PM

America,

I know how much you love your oil but as a part of my outreach towards making America leaner (even through starvation) I have informed BuhRoch that I will not allow this fracking thing. You can fill your gas tanks with fat free jello flavored chocolate pudding.

/Big Mooch

Key West Reader on June 27, 2012 at 7:43 PM

The more we’re in the energy sector, the less power guys like Putin, Ahmanutjob, and Chavez have. Plus it gives us leverage on China.

And let’s not stop at oil, lets go for coal, which China craves, and rare earths, which China’s trying to corner the market on.

Iblis on June 27, 2012 at 7:43 PM

I know! Let’s issue a mandate that everyone has to buy a Windmill
or pay a penalty. /sarc

Varchild on June 27, 2012 at 7:39 PM

I’m with you, Vari! Between Obama, Biden, Pelosi and the rest of the blowhard Libs we have plenty to power them with.

ghostwalker1 on June 27, 2012 at 7:44 PM

Erika,

I am sooo glad you are here to “bump” Eeyore the athiest’s pro-Obama threads.

Thank you !!!!

Eph on June 27, 2012 at 7:44 PM

Coal plays a role also. Because, as O uses bogus climate change arguments as a justification to shutter coal plants across this country, then we have to use oil in electricity generation. But we need to firm up the conservative bloc; while according to a Pew poll only 19% of Repubs believe in mann-made global warming, there appears to be stragglers, especially on some critical energy related issues. Alan Caruba at iceagenow wrote:

In the Senate, on June 20, a resolution to block [the MACT anti-coal act] failed. The vote was 46 ayes to 53 nays. Among the Republicans who sided with the Democrats to kill the measure were Sens. Lamar Alexander of Tennessee, Kelly Ayotte of New Hampshire, Scott Brown of Massachusetts, and the two Maine Senators…
The Utility MACT rule is so bogus, so based on illusionary computer models, so devoid of any real science that it constitutes a brazen act of criminality… [and] by its own estimates, implementing it will cost $9.6 billion in 2016. [!]

Amazing that Lamar Alexander and Kelly Ayotte voted for this measure. That’s perhaps the most shocking thing. Yes, we want a big tent, and we want Repubs to feel free to cross the aisle, but not here. O’s war on energy is central to what’s undermining our country, and Repubs need to stand together against O’s war.

anotherJoe on June 27, 2012 at 7:44 PM

You know what would really help get us off of mideast oil?

Trains!!!

Ditkaca on June 27, 2012 at 7:41 PM

I know you are just joking here but seriously that would be brilliant!!

I could ride a train to work and back….a Highspeed 10,000 miles per hour teleportation train with Nuclear Powered Reactors…or something.

Sure, my place of work is just 24 miles out…24 miles back….
And a car ride gets me there in 30 minutes roughly…

But a Lightning Quick !OMG! speed train would do it in under 10 seconds.

Then of course Michiganders would all pay for this out of their taxes to the tune of $10,000,000,000 per household.

Varchild on June 27, 2012 at 7:45 PM

Yeah sure. It all sounds good but I heard it will take 10 years to build new refineries so let’s not…
Ditkaca on June 27, 2012 at 7:33 PM

I have been hearing that same thing for, um, 10 years now.
oh wait.

JusDreamin on June 27, 2012 at 7:45 PM

This past week, living with Tropical storm Debbie (whatserface Schultz) and driving on the upper decks of roadways with winds blowing at sustained 45mph, there was only one thought: “I wish I was driving one of those Smart Cars”

/

Key West Reader on June 27, 2012 at 7:46 PM

If Liberals were logical (yeah, stop laughing), they would endorse domestic energy production allowing the US to become more independent and an exporter. Right?

Asked

The bottom line is that Liberals make no sense.

Cody1991 on June 27, 2012 at 7:40 PM

Answered

ghostwalker1 on June 27, 2012 at 7:48 PM

rickv404 on June 27, 2012 at 7:26 PM

Leftist fiscal wisdom, as exemplified by 0bamessiah: “The best way to dig out of a deep economic hole is to make sure to whine about previous diggers of the hole, while you yourself keep digging in it, only faster and harder than they were!!!”

Bizarro No. 1 on June 27, 2012 at 7:48 PM

Yeah, I found it interesting when the local paper printed that gas prices were dropping due to decreased demand and increased supply. I was amazed that they actually had the audacity to print the truth, especially after the ongoing liberal refrain that it was the “evil speculators” and that it was not a matter of supply and demand.

Liberal logic – the ultimate nonsequitor.

IrishEyes on June 27, 2012 at 7:50 PM

“We consume 20 percent of the world’s oil, but only have 2 percent of the world’s oil reserves”

To quote Reagan, “It’s amazing how much liberals DON’T KNOW”.

But they profess to be ‘the intellectual elite’.

Liberal = Lemmings

GarandFan on June 27, 2012 at 7:50 PM

Energy analysts: Expanded drilling can get the U.S. off of Mideast oil

…ok!…now what?

KOOLAID2 on June 27, 2012 at 7:54 PM

Independence from FOREIGN energy supplies, SURE !!
Independence from combustion engine needs/supplies… ain’t gonna happen.
That’s the crux of the lib discussion, no ??

pambi on June 27, 2012 at 7:56 PM

The liblets like pushing austerity in using fuel–drive less, keep your homes at 50 degrees instead of 72–what-have-you. So, fine–we use less fuel.

But when we use less fuel, gubment ‘earns’ less in taxes! Then come the budget shortfalls and a sudden ‘fiscal crisis’.

What happens next, you ask?

A tax hike!

It happened in CA, where the state’s anti-smoking program was very successful. Smoking there is down to around 19%. Except the state was using, for a long time, the tax money from tobacco to fund children’s healthcare. Now that program, on top of every other budget shortfall, is $16 billion light all in its own.

Liam on June 27, 2012 at 7:57 PM

Don’t forget, they also got rid of Edison’s lightbulbs and replaced them with Chinese Mercury Powered Light Bulbs.

/If you break, you don’t buy. You create environmental hazard. Make big clean up bucks.

Don’t put ANYTHING past these cretins.

Key West Reader on June 27, 2012 at 8:00 PM

OT: holy cow, is CNN trying to defend holder and the fast and furious scandal…..

cmsinaz on June 27, 2012 at 8:01 PM

When the Saudi royal family stops funding the construction of Presidential libraries…….

Then I’ll believe politicians that say they want energy independence.

Until then……..keep funding the Jihad!

PappyD61 on June 27, 2012 at 8:02 PM

This is that brass ring we`ll never get to grab I`m afraid. :)

OT: Why in the hell is Juan Williams filling in for Bill O?! He`s a nice enough guy, but looks like no-spin takes a day off.

ThePrez on June 27, 2012 at 8:02 PM

Expanded drilling can get the U.S. off of Mideast oil

Of course. Thanks, Erika. This needs spotlighting. As you know, this is not new news. The new news here is that an Øbama gubmit agency admits it.

petefrt on June 27, 2012 at 8:03 PM

Huh? Who knew?/ Is Sherlock around cause I need someone to say no $&*! Sherlock. Or would that be Dr Watson I’m needing? Dr Watson it is, Dr. you around?

Bmore on June 27, 2012 at 8:06 PM

This is that brass ring we`ll never get to grab I`m afraid. :)

Oops, that was supposed to be a frowny face. :(

ThePrez on June 27, 2012 at 8:07 PM

If Progressives could only be made to understand that if the US were allowed to exploit its resources we’d be the next Dubai, on steroids, with plenty of cash for all their most fantabulous utopian dreams. And if you think shackling American industry is “savings the planet” you’re woefully provincial. China and Russia couldn’t care less about the environment and they’re being given a prominent role in modern day industry. Let the US dominate, and US technology show how energy can be used cleanly. A case in point at the every day level: I have an oil furnace, installed six years ago, that burns so clean I don’t have a chimney! It vents out the side of the house at ground level, for Pete’s sake. Over 98% fuel efficiency and no discernible emission. They ain’t burning oil like that in China. That’s American technology at work.

teacherman on June 27, 2012 at 8:09 PM

savings=saving

teacherman on June 27, 2012 at 8:11 PM

And, People Wonder Why We Laugh At Gaian Cultists

“…So, yeah, Gaian Cultists, don’t be surprised when we laugh at you. If you want us to take you seriously, stopped lying and awarding Nobel Peace Prizes to D-science students, law school dropouts, and divinity school flunkies like Fat Al Bore and failed railroad engineers with shady financial, charitable, and organisational dealings, who not only claim to be “scientists,” but also publish enviro-smutty-bodice-ripping-shag-fest-GaianPussyGalore books unworthy of even Harlequin Romances like former IPCC Chairman, Rajendra Pachauri. It’s like so totally embarrassing already. Ya’now?”

Resist We Much on June 27, 2012 at 8:15 PM

“We consume 20 percent of the world’s oil, but only have 2 percent of the world’s oil reserves”

Reminder of the Day: Obama’s Big Oil Lie

BTW:

“We consume 20 percent of the world’s oil, but only have 2 percent of the world’s oil reserves” = Bad, bad, bad
.
.
.
Being 5% of the world’s population and expecting the equivalent of “the Coolies” to build our modern-day “railroads,” which are known as Obamacare, Social Security, Medicare, free college, subsidised housing, cradle-to-grave welfare, etc., by demanding that the rest of the world spend 20% OF THE GLOBAL GDP EVERY YEAR ON US TREASURIES beginning in 2020 while we sit on our bums, as couch potatoes, eating Twinkies and watching American Idol while our solar-panel-generated air conditioners are blasting away because “we are so trying to save the planet, man” = Perfectly acceptable.

Liberal hypocrisy.

Resist We Much on June 27, 2012 at 8:21 PM

OT: holy cow, is CNN trying to defend holder and the fast and furious scandal…..

cmsinaz on June 27, 2012 at 8:01 PM

Is the segment entertaining enough so that I should try to catch it when it’s repeated?

Bizarro No. 1 on June 27, 2012 at 8:33 PM

It is amazing to me that fracking began in 1948 and it has taken all these years for the environmentalists to discover that it is a problem. Yea, it is a problem for them because we may see a renewal of fossil fuel exploration in the US.

amr on June 27, 2012 at 8:38 PM

You know what would really help get us off of mideast oil?

Trains!!!

Ditkaca on June 27, 2012 at 7:41 PM

.
I know you are just joking here but seriously that would be brilliant!!

I could ride a train to work and back….a Highspeed 10,000 miles per hour teleportation train with Nuclear Powered Reactors…or something.

Sure, my place of work is just 24 miles out…24 miles back….
And a car ride gets me there in 30 minutes roughly…

But a Lightning Quick !OMG! speed train would do it in under 10 seconds.

Then of course Michiganders would all pay for this out of their taxes to the tune of $10,000,000,000 per household.

Varchild on June 27, 2012 at 7:45 PM

.
Uh, Ditkaca . . . . . . there’s no more fanatical pro-railroad commenter at HA than me, but I saw the problem with your comment before reading Varchild’s sarcasm.
When advocating for rail transportation, you’ve got to remember to specify FREIGHT.

Freight-rail works, passenger-rail doesn’t.

listens2glenn on June 27, 2012 at 8:47 PM

…burping and farting and pooping can make your stomach fell better too?

KOOLAID2 on June 27, 2012 at 9:04 PM

According to Bush & Obama > only an increase in Saudi production can bring down the price of oil.

Somehow producing a extra 2 million barrels a day in the US will not effect the price — because the pres cant turn the volume up or down.

P.S. Look for <$3. gas at the pump in Oct. — no energy crisis here!

KenInIL on June 27, 2012 at 9:11 PM

Not gonna happen. The current administration wants the US dependent on foreign oil, and foreign food, foreign call centers, anything foreign, including foreigners.

lonestar1 on June 27, 2012 at 9:13 PM

Yeah. Sorry but DOH!

mrsmwp on June 27, 2012 at 9:14 PM

Another heartbreak for the Warmists: Antarctic Ice Shelves Not Melting At All, New Field Data Show

“Twenty-year-old models which have suggested serious ice loss in the eastern Antarctic have been compared with reality for the first time – and found to be wrong, so much so that it now appears that no ice is being lost at all.”

slickwillie2001 on June 27, 2012 at 9:19 PM

If price and chemistry of various sources of crude oil did not matter, we can already be off of Mideast Oil but not OPEC oil.

Consider that Nigeria and Venezuela are members of OPEC.

Kermit on June 27, 2012 at 9:50 PM

We don’t really buy mideast oil Most of our IMPORTED oil comes from Canada and Mexico. We can get off of IMPORTED oil by allowing normal exploitation of our resources, here. The “mideast oil” canard is just that.

We do need to get off of IMPORTED oil, so that we are not held hostage to events outside of America.

ThePrimordialOrderedPair on June 27, 2012 at 9:55 PM

Chalk up another one for Sarah..

But Obama is the smartest person in the room…NOT.

RockyJ. on June 27, 2012 at 9:55 PM

Frack! -Lib.Electrongod on June 27, 2012 at 7:24 PM

Just had to do it.

davidk on June 27, 2012 at 9:56 PM

We could be drilling offshore in the Mid Atlantic region within a couple years if Obama and Salazer didn’t foolishly insist on continuing their moritorium against all east coast outer continental shelf drilling.

Thanks, fellas.

dczombie on June 27, 2012 at 9:58 PM

You know what would really help get us off of mideast oil?

Trains!!!

Ditkaca on June 27, 2012 at 7:41 PM

Really fast trains.

davidk on June 27, 2012 at 10:01 PM

Varchild on June 27, 2012 at 7:45 PM

I should have read further before I responded to Ditkaca.

davidk on June 27, 2012 at 10:05 PM

Of course, invading and occupying Saudi Arabia would also make a lot of Middle Eastern oil American.

The most important point is that drilling for our own resources would lower the global price of oil and gas, and hence the price for Americans. The second most important point is that it would open up business and jobs for Americans, and that’s the American way and the right-thinking way.

J.E. Dyer on June 27, 2012 at 10:17 PM

. . . drilling for our own resources would lower the global price of oil and gas, and hence the price for Americans. The second most important point is that it would open up business and jobs for Americans, and that’s the American way and the right-thinking way.

J.E. Dyer on June 27, 2012 at 10:17 PM

That’s just silly talk.

davidk on June 27, 2012 at 11:15 PM

The most important point is that drilling for our own resources would lower the global price of oil and gas, and hence the price for Americans. The second most important point is that it would open up business and jobs for Americans, and that’s the American way and the right-thinking way.

J.E. Dyer on June 27, 2012 at 10:17 PM

It’s important to make the most of domestic resources and develop the associated industries etc but a fall in prices would cripple US oil development. US production will not impact pricing as much as you expect. I think the real benefit is as you say jobs, and balance of trade.

lexhamfox on June 28, 2012 at 12:50 AM

Freight-rail works, passenger-rail doesn’t.

listens2glenn on June 27, 2012 at 8:47 PM | Delete

A-MEN.

I’ve ridden on Britian’s train system, and it’s not bed of roses. I was on a 3pm train to Milton Keynes and I had to stand the whole way, there were no more seats. I was told in the afternoon during rush hours they stand from one end of the train to the other, and people get cranky and fight for seats.

Europe, which has a well-established public transport, still moves only around 10% of the total transported public.

Here’s an interesting article about the “joys” of mass transit:

http://www.uwgb.edu/dutchs/PSEUDOSC/MassTransit.HTM

itsspideyman on June 28, 2012 at 6:09 PM