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Saudi America: the dangerous fallacy of US energy independence

The Verge -- The year is 2020. The United States is on the cusp of a golden age, there's peace in the Middle East, and the Texas oil tycoon is suddenly back in the saddle.

For many, this was the takeaway from the International Energy Agency's World Energy Outlook, released last month. In its annual report, the Paris-based IEA predicted that the US will lead the world in both oil and natural gas production by the end of the decade, overtaking Saudi Arabia and Russia, respectively. By 2035, the report says, the US should be "all but self-sufficient" in meeting its energy needs.

The news sent shockwaves across some corners of the media, prompting the Wall Street Journal to run an enthusiastic editorial titled "Saudi America." Using the IEA's projections as a springboard, the paper boldly declared that t

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Submitted Dec 07, 2012 By: skb69sa

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honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Dec 9, 2012 7:57:17 AM Ignore honda0105 Report Abuse tomok: you can't drive crude, so more refineries ARE needed, just that the distillates should remain domestically.
tomok Champion Author Portland Posts:33,045 Points:2,346,485 Joined:Aug 2006	Message Posted: Dec 8, 2012 3:14:54 AM Ignore tomok Report Abuse Saudi America: the dangerous fallacy of US energy independence. Saudi America? US energy independence will be short lived, there are not enough oil deposits in the US to keep up massive oil produciton for very long. Anyway, Big Oil and Big Gas exports fuel and natural gas to other countries that will pay more for it, much more than here. There will be NO price reduction or cheaper prices for fuel or natural gas IN the US, so it does NOT matter how much crude oil or natural gas is produced. The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal greedy benefit. The price at the pump needs to go down to $2/gallon, $3, $3.50/gallon or *$4.00 is Not the new low! More refineries is Not the answer, keep the exported fuel and natural gas here. Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII!
bston Champion Author Oklahoma City Posts:1,825 Points:643,250 Joined:Mar 2011	Message Posted: Dec 8, 2012 12:39:39 AM Ignore bston Report Abuse No thank you.
crreed1 Champion Author West Virginia Posts:1,990 Points:2,527,310 Joined:May 2005	Message Posted: Dec 8, 2012 12:21:54 AM Ignore crreed1 Report Abuse old news
TheSnowstorm Champion Author Montreal Posts:8,624 Points:1,914,755 Joined:June 2005	Message Posted: Dec 8, 2012 12:19:41 AM Ignore TheSnowstorm Report Abuse An interesting article, but there are simply too many variables that can easily derail any of the predictions along the time-line(s) presented.
snky2k Champion Author Indianapolis Posts:1,403 Points:304,540 Joined:Mar 2012	Message Posted: Dec 8, 2012 12:11:27 AM Ignore snky2k Report Abuse Read this yesterday too.
GGAlbo Champion Author Detroit Posts:2,248 Points:1,886,300 Joined:Sep 2006	Message Posted: Dec 8, 2012 12:10:06 AM Ignore GGAlbo Report Abuse I would like to see that!!!
Matt G Champion Author Boston Posts:4,538 Points:2,774,015 Joined:Jun 2004	Message Posted: Dec 8, 2012 12:07:34 AM Ignore Matt G Report Abuse About time
Matt G Champion Author Boston Posts:4,538 Points:2,774,015 Joined:Jun 2004	Message Posted: Dec 8, 2012 12:07:07 AM Ignore Matt G Report Abuse Good forus
jrschl Champion Author Louisville Posts:2,972 Points:682,040 Joined:Jun 2011	Message Posted: Dec 8, 2012 12:06:57 AM Ignore jrschl Report Abuse I do not believe we are that close.
WIWalt Champion Author Wisconsin Posts:1,731 Points:415,770 Joined:Mar 2012	Message Posted: Dec 8, 2012 12:06:53 AM Ignore WIWalt Report Abuse Never happen with the anti-American in the White House
rjoeh Champion Author Michigan Posts:7,081 Points:2,470,965 Joined:Jun 2004	Message Posted: Dec 8, 2012 12:06:42 AM Ignore rjoeh Report Abuse Excessive use of rose colored glasses with Obama at the helm.
judgemobile Champion Author Ohio Posts:7,575 Points:2,446,110 Joined:Nov 2005	Message Posted: Dec 8, 2012 12:06:34 AM Ignore judgemobile Report Abuse what is dangerous about something good for the country ?
unicornpmb Champion Author Buffalo Posts:8,496 Points:1,630,490 Joined:Sep 2005	Message Posted: Dec 8, 2012 12:06:20 AM Ignore unicornpmb Report Abuse Right.
BlewettCA Veteran Author California Posts:318 Points:240,410 Joined:May 2012	Message Posted: Dec 8, 2012 12:05:17 AM Ignore BlewettCA Report Abuse ok
Ahking Champion Author Orange County Posts:3,507 Points:603,450 Joined:May 2011	Message Posted: Dec 8, 2012 12:05:04 AM Ignore Ahking Report Abuse don't lose sight on building the alternate energy infrastructure in America.
cheaper0ON All-Star Author Ontario Posts:988 Points:399,030 Joined:Jan 2012	Message Posted: Dec 8, 2012 12:03:11 AM Ignore cheaper0ON Report Abuse Interesting.
clermont40miles Champion Author Cincinnati Posts:10,576 Points:1,772,940 Joined:Apr 2008	Message Posted: Dec 8, 2012 12:00:03 AM Ignore clermont40miles Report Abuse Produce.
BCM1 Champion Author Pennsylvania Posts:1,864 Points:782,995 Joined:Jun 2007	Message Posted: Dec 7, 2012 11:59:58 PM Ignore BCM1 Report Abuse government regs will never let us be independent.
PoohMcGoo Champion Author Alabama Posts:3,067 Points:801,185 Joined:Dec 2010	Message Posted: Dec 7, 2012 11:59:30 PM Ignore PoohMcGoo Report Abuse Maybe when we get another president.
gasmack Champion Author Ventura Posts:1,713 Points:668,460 Joined:Feb 2011	Message Posted: Dec 7, 2012 11:56:00 PM Ignore gasmack Report Abuse Disagree with TKDBlackBelt and pray wise heads will prevail in fiscal cliff and energy policy matters. AMEN.
WIPACKERFAN Champion Author Chicago Posts:8,809 Points:1,844,425 Joined:Aug 2005	Message Posted: Dec 7, 2012 11:54:11 PM Ignore WIPACKERFAN Report Abuse Quite a nice fictional story.
BREW9 All-Star Author Tampa Posts:886 Points:2,912,955 Joined:Jun 2004	Message Posted: Dec 7, 2012 11:54:00 PM Ignore BREW9 Report Abuse wow
mstearno Champion Author Dayton Posts:8,071 Points:1,732,210 Joined:Jan 2008	Message Posted: Dec 7, 2012 11:52:11 PM Ignore mstearno Report Abuse moron wrote this one
gd83goldwinger Champion Author South Bend Posts:1,428 Points:504,980 Joined:May 2011	Message Posted: Dec 7, 2012 11:50:34 PM Ignore gd83goldwinger Report Abuse I live with a cheaper cost.
Dragnet Champion Author Arizona Posts:15,411 Points:2,909,735 Joined:Jul 2004	Message Posted: Dec 7, 2012 11:50:26 PM Ignore Dragnet Report Abuse Saudi America? Is this America's new name? This story stays far away from China. Maybe we will be The United Chinese Muslim America.
mcmonsta Champion Author Honolulu Posts:3,232 Points:819,520 Joined:Sep 2009	Message Posted: Dec 7, 2012 11:49:33 PM Ignore mcmonsta Report Abuse peace and cheap fuel...i can live with that
1COR1533 Champion Author San Jose Posts:1,696 Points:316,260 Joined:Jun 2012	Message Posted: Dec 7, 2012 11:49:27 PM Ignore 1COR1533 Report Abuse dont trust those guys they hate the usa
BBHybrid Champion Author Pittsburgh Posts:6,474 Points:1,296,000 Joined:Aug 2008	Message Posted: Dec 7, 2012 11:49:14 PM Ignore BBHybrid Report Abuse lies, we have the resources and know how, big oil wants the money
goinwgas All-Star Author Oregon Posts:873 Points:233,325 Joined:Jun 2012	Message Posted: Dec 7, 2012 11:46:33 PM Ignore goinwgas Report Abuse and republican pigs can sprout wings and fly
Prodaddy Champion Author Houston Posts:8,380 Points:1,895,185 Joined:May 2007	Message Posted: Dec 7, 2012 11:45:52 PM Ignore Prodaddy Report Abuse I agree with TKDBlackbelt
TKDBlackBelt Champion Author Dayton Posts:3,254 Points:1,141,900 Joined:Mar 2007	Message Posted: Dec 7, 2012 11:42:54 PM Ignore TKDBlackBelt Report Abuse Never happen with the anti-American in the White House destroying our energy production!
The3rd Champion Author Jacksonville Posts:2,871 Points:828,210 Joined:Jul 2004	Message Posted: Dec 7, 2012 11:39:05 PM Ignore The3rd Report Abuse fiction
Darwin00 All-Star Author Mississippi Posts:830 Points:271,155 Joined:Dec 2010	Message Posted: Dec 7, 2012 11:38:53 PM Ignore Darwin00 Report Abuse Interesting.
pgerassi Champion Author Milwaukee Posts:10,901 Points:2,132,580 Joined:Apr 2007	Message Posted: Dec 7, 2012 11:38:42 PM Ignore pgerassi Report Abuse Predictions are inherently unstable especially the further out one projects.
WhiskersTheCat All-Star Author Austin Posts:821 Points:1,322,575 Joined:Oct 2008	Message Posted: Dec 7, 2012 11:37:20 PM Ignore WhiskersTheCat Report Abuse This article is nothing but leftist propaganda. What ever happened to this country's "Can Do" attitude? Now we get nothing but articles about how crummy America is.
cssco Champion Author Virginia Posts:7,331 Points:1,752,505 Joined:Feb 2006	Message Posted: Dec 7, 2012 11:34:40 PM Ignore cssco Report Abuse LolliPop, LolliPop.
drz614 Champion Author Harrisburg Posts:2,305 Points:599,415 Joined:Aug 2011	Message Posted: Dec 7, 2012 11:27:08 PM Ignore drz614 Report Abuse dont see this happening
Doomsday64 All-Star Author Austin Posts:864 Points:337,755 Joined:Apr 2011	Message Posted: Dec 7, 2012 11:26:36 PM Ignore Doomsday64 Report Abuse Cant come soon enough
DEG Champion Author Las Vegas Posts:17,625 Points:3,495,680 Joined:Jul 2003	Message Posted: Dec 7, 2012 11:21:53 PM Ignore DEG Report Abuse Need to get rid of (or severely curtail) the tree-huggers at the EPA.
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Dec 7, 2012 11:14:39 PM Ignore pastorpaulcg Report Abuse I don't see this happening due our environmental regulations
granitestater Champion Author New Hampshire Posts:8,829 Points:1,431,725 Joined:Oct 2008	Message Posted: Dec 7, 2012 11:08:36 PM Ignore granitestater Report Abuse We will use what we find...
nwsynthetics Champion Author Oregon Posts:1,014 Points:346,425 Joined:Dec 2011	Message Posted: Dec 7, 2012 11:00:50 PM Ignore nwsynthetics Report Abuse Nothing wrong with that news, as long as the price stays low
mrbee Champion Author Little Rock Posts:3,759 Points:2,466,805 Joined:Oct 2005	Message Posted: Dec 7, 2012 10:56:28 PM Ignore mrbee Report Abuse Keep on drilling.
CharlieC08 Champion Author Colorado Posts:8,077 Points:1,486,075 Joined:Oct 2008	Message Posted: Dec 7, 2012 10:55:36 PM Ignore CharlieC08 Report Abuse Oil is still traded on the world market. The one with the money gets the oil.
papakoca All-Star Author Texas Posts:649 Points:531,135 Joined:Jun 2011	Message Posted: Dec 7, 2012 10:55:16 PM Ignore papakoca Report Abuse And just last year, the harbinger of doom was "peak oil."
Blue48 Champion Author Illinois Posts:7,310 Points:1,638,920 Joined:Feb 2007	Message Posted: Dec 7, 2012 10:54:31 PM Ignore Blue48 Report Abuse TIME WILL TELL!
iamforiu Champion Author Indiana Posts:3,580 Points:712,715 Joined:May 2011	Message Posted: Dec 7, 2012 10:52:38 PM Ignore iamforiu Report Abuse drill baby drill
drewsworld Sophomore Author Los Angeles Posts:240 Points:19,205 Joined:Aug 2012	Message Posted: Dec 7, 2012 10:44:41 PM Ignore drewsworld Report Abuse ok
30mpg80 Champion Author Lexington Posts:10,042 Points:1,488,830 Joined:Nov 2008	Message Posted: Dec 7, 2012 10:43:53 PM Ignore 30mpg80 Report Abuse We will use it faster, until it runs out.