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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:18,610 Points:1,608,545 Joined:Nov 2008	Message Posted: Dec 9, 2012 5:57:17 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:32,995 Points:2,345,510 Joined:Aug 2006	Message Posted: Dec 8, 2012 1:14:54 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:1,815 Points:641,300 Joined:Mar 2011	Message Posted: Dec 7, 2012 10:39:39 PM Ignore bston Report Abuse No thank you.
crreed1 Champion Author West Virginia Posts:1,985 Points:2,526,335 Joined:May 2005	Message Posted: Dec 7, 2012 10:21:54 PM Ignore crreed1 Report Abuse old news
TheSnowstorm Champion Author Montreal Posts:8,619 Points:1,913,030 Joined:June 2005	Message Posted: Dec 7, 2012 10:19:41 PM 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:1,398 Points:303,565 Joined:Mar 2012	Message Posted: Dec 7, 2012 10:11:27 PM Ignore snky2k Report Abuse Read this yesterday too.
GGAlbo Champion Author Detroit Posts:2,244 Points:1,884,470 Joined:Sep 2006	Message Posted: Dec 7, 2012 10:10:06 PM Ignore GGAlbo Report Abuse I would like to see that!!!
Matt G Champion Author Boston Posts:4,528 Points:2,772,065 Joined:Jun 2004	Message Posted: Dec 7, 2012 10:07:34 PM Ignore Matt G Report Abuse About time
Matt G Champion Author Boston Posts:4,528 Points:2,772,065 Joined:Jun 2004	Message Posted: Dec 7, 2012 10:07:07 PM Ignore Matt G Report Abuse Good forus
jrschl Champion Author Louisville Posts:2,962 Points:680,090 Joined:Jun 2011	Message Posted: Dec 7, 2012 10:06:57 PM Ignore jrschl Report Abuse I do not believe we are that close.
WIWalt Champion Author Wisconsin Posts:1,726 Points:415,545 Joined:Mar 2012	Message Posted: Dec 7, 2012 10:06:53 PM Ignore WIWalt Report Abuse Never happen with the anti-American in the White House
rjoeh Champion Author Michigan Posts:7,076 Points:2,469,240 Joined:Jun 2004	Message Posted: Dec 7, 2012 10:06:42 PM Ignore rjoeh Report Abuse Excessive use of rose colored glasses with Obama at the helm.
judgemobile Champion Author Ohio Posts:7,570 Points:2,445,135 Joined:Nov 2005	Message Posted: Dec 7, 2012 10:06:34 PM Ignore judgemobile Report Abuse what is dangerous about something good for the country ?
unicornpmb Champion Author Buffalo Posts:8,491 Points:1,628,765 Joined:Sep 2005	Message Posted: Dec 7, 2012 10:06:20 PM Ignore unicornpmb Report Abuse Right.
BlewettCA Veteran Author California Posts:318 Points:240,410 Joined:May 2012	Message Posted: Dec 7, 2012 10:05:17 PM Ignore BlewettCA Report Abuse ok
Ahking Champion Author Orange County Posts:3,507 Points:603,450 Joined:May 2011	Message Posted: Dec 7, 2012 10:05:04 PM Ignore Ahking Report Abuse don't lose sight on building the alternate energy infrastructure in America.
cheaper0ON All-Star Author Ontario Posts:978 Points:397,080 Joined:Jan 2012	Message Posted: Dec 7, 2012 10:03:11 PM Ignore cheaper0ON Report Abuse Interesting.
clermont40miles Champion Author Cincinnati Posts:10,569 Points:1,771,920 Joined:Apr 2008	Message Posted: Dec 7, 2012 10:00:03 PM Ignore clermont40miles Report Abuse Produce.
BCM1 Champion Author Pennsylvania Posts:1,864 Points:782,995 Joined:Jun 2007	Message Posted: Dec 7, 2012 9:59:58 PM Ignore BCM1 Report Abuse government regs will never let us be independent.
PoohMcGoo Champion Author Alabama Posts:3,067 Points:799,835 Joined:Dec 2010	Message Posted: Dec 7, 2012 9:59:30 PM Ignore PoohMcGoo Report Abuse Maybe when we get another president.
gasmack Champion Author Ventura Posts:1,710 Points:667,525 Joined:Feb 2011	Message Posted: Dec 7, 2012 9:56:00 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:8,799 Points:1,842,475 Joined:Aug 2005	Message Posted: Dec 7, 2012 9:54:11 PM Ignore WIPACKERFAN Report Abuse Quite a nice fictional story.
BREW9 All-Star Author Tampa Posts:881 Points:2,911,980 Joined:Jun 2004	Message Posted: Dec 7, 2012 9:54:00 PM Ignore BREW9 Report Abuse wow
mstearno Champion Author Dayton Posts:8,066 Points:1,731,235 Joined:Jan 2008	Message Posted: Dec 7, 2012 9:52:11 PM Ignore mstearno Report Abuse moron wrote this one
gd83goldwinger Champion Author South Bend Posts:1,428 Points:504,230 Joined:May 2011	Message Posted: Dec 7, 2012 9:50:34 PM Ignore gd83goldwinger Report Abuse I live with a cheaper cost.
Dragnet Champion Author Arizona Posts:15,406 Points:2,908,760 Joined:Jul 2004	Message Posted: Dec 7, 2012 9:50:26 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:3,227 Points:817,795 Joined:Sep 2009	Message Posted: Dec 7, 2012 9:49:33 PM Ignore mcmonsta Report Abuse peace and cheap fuel...i can live with that
1COR1533 Champion Author San Jose Posts:1,691 Points:315,285 Joined:Jun 2012	Message Posted: Dec 7, 2012 9:49:27 PM Ignore 1COR1533 Report Abuse dont trust those guys they hate the usa
BBHybrid Champion Author Pittsburgh Posts:6,469 Points:1,295,025 Joined:Aug 2008	Message Posted: Dec 7, 2012 9:49:14 PM Ignore BBHybrid Report Abuse lies, we have the resources and know how, big oil wants the money
goinwgas All-Star Author Oregon Posts:868 Points:232,350 Joined:Jun 2012	Message Posted: Dec 7, 2012 9:46:33 PM Ignore goinwgas Report Abuse and republican pigs can sprout wings and fly
Prodaddy Champion Author Houston Posts:8,375 Points:1,894,210 Joined:May 2007	Message Posted: Dec 7, 2012 9:45:52 PM Ignore Prodaddy Report Abuse I agree with TKDBlackbelt
TKDBlackBelt Champion Author Dayton Posts:3,253 Points:1,140,980 Joined:Mar 2007	Message Posted: Dec 7, 2012 9:42:54 PM Ignore TKDBlackBelt Report Abuse Never happen with the anti-American in the White House destroying our energy production!
The3rd Champion Author Jacksonville Posts:2,861 Points:827,010 Joined:Jul 2004	Message Posted: Dec 7, 2012 9:39:05 PM Ignore The3rd Report Abuse fiction
Darwin00 All-Star Author Mississippi Posts:830 Points:269,655 Joined:Dec 2010	Message Posted: Dec 7, 2012 9:38:53 PM Ignore Darwin00 Report Abuse Interesting.
pgerassi Champion Author Milwaukee Posts:10,896 Points:2,131,605 Joined:Apr 2007	Message Posted: Dec 7, 2012 9:38:42 PM Ignore pgerassi Report Abuse Predictions are inherently unstable especially the further out one projects.
WhiskersTheCat All-Star Author Austin Posts:815 Points:1,320,705 Joined:Oct 2008	Message Posted: Dec 7, 2012 9:37:20 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:7,321 Points:1,750,555 Joined:Feb 2006	Message Posted: Dec 7, 2012 9:34:40 PM Ignore cssco Report Abuse LolliPop, LolliPop.
drz614 Champion Author Harrisburg Posts:2,300 Points:597,690 Joined:Aug 2011	Message Posted: Dec 7, 2012 9:27:08 PM Ignore drz614 Report Abuse dont see this happening
Doomsday64 All-Star Author Austin Posts:859 Points:336,030 Joined:Apr 2011	Message Posted: Dec 7, 2012 9:26:36 PM Ignore Doomsday64 Report Abuse Cant come soon enough
DEG Champion Author Las Vegas Posts:17,620 Points:3,494,705 Joined:Jul 2003	Message Posted: Dec 7, 2012 9:21:53 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 9:14:39 PM Ignore pastorpaulcg Report Abuse I don't see this happening due our environmental regulations
granitestater Champion Author New Hampshire Posts:8,824 Points:1,430,750 Joined:Oct 2008	Message Posted: Dec 7, 2012 9:08:36 PM Ignore granitestater Report Abuse We will use what we find...
nwsynthetics Champion Author Oregon Posts:1,014 Points:345,675 Joined:Dec 2011	Message Posted: Dec 7, 2012 9:00:50 PM Ignore nwsynthetics Report Abuse Nothing wrong with that news, as long as the price stays low
mrbee Champion Author Little Rock Posts:3,753 Points:2,465,610 Joined:Oct 2005	Message Posted: Dec 7, 2012 8:56:28 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 8:55:36 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:529,660 Joined:Jun 2011	Message Posted: Dec 7, 2012 8:55:16 PM Ignore papakoca Report Abuse And just last year, the harbinger of doom was "peak oil."
Blue48 Champion Author Illinois Posts:7,305 Points:1,637,945 Joined:Feb 2007	Message Posted: Dec 7, 2012 8:54:31 PM Ignore Blue48 Report Abuse TIME WILL TELL!
iamforiu Champion Author Indiana Posts:3,570 Points:710,665 Joined:May 2011	Message Posted: Dec 7, 2012 8:52:38 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 8:44:41 PM Ignore drewsworld Report Abuse ok
30mpg80 Champion Author Lexington Posts:10,019 Points:1,486,880 Joined:Nov 2008	Message Posted: Dec 7, 2012 8:43:53 PM Ignore 30mpg80 Report Abuse We will use it faster, until it runs out.