Originally Posted by
logroller
I'm sure you're right; it's a conspiracy. That sweet light crude in Saudi Arabia isn't all that special. You outta tap that. Prove 'em all wrong. Let me know how much energy it takes to extract your first barrel, and your billionth. Do be sure and get back to me-- I keep tabs on such things and I suspect that the aforementioned larger than ever US reserve isn't as profitable as Saudi oil-- meaning economics plays a predominant role. But hey, like I said, get that oil out, refine it, and get back to me with how much it costs.
http://science.time.com/2012/11/13/t...y-independent/
The U.S. Will Be an Oil Giant Again. But It Won’t Be Energy Independent
Read more: http://science.time.com/2012/11/13/t...#ixzz2PM5tR0S4
Thanks to a burst of new shale oil production in states like North Dakota and Texas—as well as conservation measures like increased auto fuel efficiency—U.S. oil imports have been falling, with the country now bringing in just 20% of its energy from beyond its borders. And if the International Energy Agency’s (IEA) new World Energy Outlook is to be believed, the U.S. may be on its way to becoming the single biggest player in the global oil market. By around 2020, the IEA projects, the U.S. will be the world’s largest global oil producer, overtaking both Russia and Saudi Arabia. U.S. oil imports will keep falling, and by around 2030 North America as a whole will become a net oil exporter. From being the world’s biggest customer for oil, the U.S. could become the world’s biggest salesman.
That’s good news for the American economy and especially its trade deficit, which would benefit significantly from wiping away the $460 billion the country spent on foreign oil last year. The burst in domestic oil will also help create well-paying jobs, especially in states like North Dakota, Wyoming and Texas, where the oil boom is centered. The continued growth of shale natural gas—along with existing supplies of coal and increasing renewables like wind and solar—means that the U.S. may well be able to meet nearly all of its energy needs itself. And so many domestic resources mean that electricity prices are likely to be much cheaper in the U.S. than in Europe, which will aid industry. But the one thing politicians most want is the one thing the U.S. still won’t be: energy independent.
Read more: http://science.time.com/2012/11/13/t...#ixzz2PM611gI6
Last edited by Tyr-Ziu Saxnot; 04-02-2013 at 07:26 PM.
18 U.S. Code § 2381-Treason Whoever, owing allegiance to the United States, levies war against them or adheres to their enemies, giving them aid and comfort within the United States or elsewhere, is guilty of treason and shall suffer death, or shall be imprisoned not less than five years and fined under this title but not less than $10,000; and shall be incapable of holding any office under the United States.