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Thread: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    The oil boom is not just confined to USA. They call it boom in USA but elsewhere many new oil fields are discovered and it's kinda routine thing.

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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Quote Originally Posted by poweRob View Post
    When we sell gasoline to Vermont, we'll be charging them a $.75/gallon anti-fracking fee. Enjoy your expensive gas.
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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Quote Originally Posted by RDS View Post
    The oil boom is not just confined to USA. They call it boom in USA but elsewhere many new oil fields are discovered and it's kinda routine thing.
    Yes, but they don't have Obama racing to them to put it off limits, while selling leases that he knows are baron....


    I say GO N. Dakota! Natural Gas makes sense....We need to exploit that tech.
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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Quote Originally Posted by RDS View Post
    The oil boom is not just confined to USA. They call it boom in USA but elsewhere many new oil fields are discovered and it's kinda routine thing.
    It isn't routine though. There are many places that have exploitable shale gas fields, but the US has uniquely accessible fields like Marcellus and Bakken which are easier to exploit, use less water, and more importantly the infrastructure and technology to develop them is already in place. It is why the US leads production by an enormous margin and this can be properly called a boom.

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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Quote Originally Posted by American View Post
    When we sell gasoline to Vermont, we'll be charging them a $.75/gallon anti-fracking fee. Enjoy your expensive gas.
    I don't live in Vermont.
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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    By the way, fracking technology was developed by the US Dept of Energy, which if the tea party and its knownothing conservative ideas had its way, we now wouldn't have.

    http://thebreakthrough.org/archive/s...ng_history_and

    http://www.huffingtonpost.com/2012/0...n_1907178.html

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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Quote Originally Posted by mbig View Post
    This is the Game Changer we need.
    IMO, the long term economic outlook is only so-so at best without it.
    This is our manufacturing advantage/comeback over EU/China etc. Some foreign plants are already planning to locate here to take advantage of our cheap NG.
    This will largely free us from M-E fuel and help pay for the inevitable and otherwise impossible Social Spending increases.

    Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says - WSJ.com
    Updated November 12, 2012, 11:49 a.m. ET
    By BENOÎT FAUCON
    Yeah right, the bureaucrats will just tax the oil to $3.50 - $4.00 a gallon citing "climate change" not to mention will regulate the hell out of it.

    It doesn't matter how much oil we can produce - those in charge (our government) don't adhere to the idea of a supply and demand economy. They'll just take the difference and call it a day instead of passing on the savings to the consumer.
    Last edited by Mr.Nick; 11-20-12 at 11:34 PM.

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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Quote Originally Posted by j-mac View Post
    Yes, but they don't have Obama racing to them to put it off limits, while selling leases that he knows are baron....


    I say GO N. Dakota! Natural Gas makes sense....We need to exploit that tech.
    We're on pace to become the biggest producer in the world. But Obama is doing some unprecedented, terrible thing to slow it down?
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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Quote Originally Posted by mbig View Post
    This is the Game Changer we need.
    IMO, the long term economic outlook is only so-so at best without it.
    This is our manufacturing advantage/comeback over EU/China etc. Some foreign plants are already planning to locate here to take advantage of our cheap NG.
    This will largely free us from M-E fuel and help pay for the inevitable and otherwise impossible Social Spending increases.
    I agree, if we can get our domestic production really up and running, that makes alot of our other problems much easier to solve.

    Gosh, really hope that the administration doesn't decide to abuse its' regulatory power to strangle this industry in the cradle, eh?


    Oh..... Wait......

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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Quote Originally Posted by mbig View Post
    This is the Game Changer we need.
    All oil produced anywhere on the planet will always go in a global pool to be auctioned off to the highest bidder, much like what is happening now.

    The only way US oil production can be directly and immediately linked to the US economy is if the US oil production is nationalized, similar to what Venezuela is doing.

    The funny thing with this situation is that if you explain this to "drill, baby, drill" proponents, they will think you are the devil incarnate for wanting to nationalize anything, much less an oil corporation. They believe this, while hoping for lower prices at the gas pump at the same time, which is kind of schizophrenic.
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