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Thread: U.S. to Be World’s Top Oil Producer in 5 Years

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    U.S. to Be World’s Top Oil Producer in 5 Years

    I can't figure this one out. seems like just yesterday enviros were telling us the US hardly had any oil now we are suddenly going to be the top producer. I do believe we have alot of NG and oil but somehow I think this is about making obama look good or convincing us paying more for gas is fine. Something funny going on here.

    "That increased oil production, combined with new American policies to improve energy efficiency, means that the United States will become “all but self-sufficient” in meeting its energy needs in about two decades — a “dramatic reversal of the trend” in most developed countries"

    http://www.nytimes.com/2012/11/13/bu...n-5-years.html

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    Canada will put a stop to that.

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    we have massive coal and natural gas reserves. coal is easily convertable to oil for about ~$30 a barrel. but, we also have tons of oil. the environmentalist wing of the democratic party is like the teaparty of the republicans.

    but these figures about american energy independence/massive reserves are incompatible with the 'america is dying' view. obama has been elected, america is going to die. these are facts. fox news told me so.

    Quote Originally Posted by 0bserver92 View Post
    Canada will put a stop to that.
    canada will probably eventually join the north american union with mexico, so we'll all be one big country soon enough in relative terms.

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    We can't refine any more than we are refining, so it really does not matter how much we produce (not that the 5-year estimate is anywhere close to true).

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    Quote Originally Posted by Fisher View Post
    We can't refine any more than we are refining, so it really does not matter how much we produce (not that the 5-year estimate is anywhere close to true).
    build more refineries?

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    Quote Originally Posted by roflpublican View Post
    build more refineries?
    My understanding is the current regulatory policies and Local Bribe Club/Public Official Retirement Plans make that virtually impossible to do anywhere near where the oil comes in. I think I heard somewhere it takes about 30 years to build a fully functioning refinery anyway but IDK.

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    Quote Originally Posted by Fisher View Post
    We can't refine any more than we are refining, so it really does not matter how much we produce (not that the 5-year estimate is anywhere close to true).
    Nonsense. We can refine as much as we want to, and do it in a safe manner. The present limit on refining is due to refinery capacity not keeping up. The safest and most economical method of bringing the carbon based energy to the consumer is to do it in our country where manufacturing and delivery can be observed. This does not mean using regulation to limit supply to make alternate sources more competitive. The simple answer is to encourage more refining capacity. Make a guess how many new refineries have been brought on line in the past few years.

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    Quote Originally Posted by Fisher View Post
    My understanding is the current regulatory policies and Local Bribe Club/Public Official Retirement Plans make that virtually impossible to do anywhere near where the oil comes in. I think I heard somewhere it takes about 30 years to build a fully functioning refinery anyway but IDK.
    jesus if it really takes 30 years we're screwed. but i cant imagine anything takes 30 years to build...i mean we can make aircraft carriers from scratch including nuclear reactors in 4 years. i cant believe it takes 30 to make an oil processing facility. do you have any sources for that figure? i'd be shocked if it was true

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    A tribute to modern capitalism, for we know the government didn't build that - the supply that is. Leases for federal property oil development are down dramatically over the last 4 years.

    Refining capacity is a serious issue; we force refineries to change the types of fuel they produce routinely (winter blend, summer, etc) and we pretty much forbade the development of new refineries. Its cheaper to build them in Mexico and import the gas. Thank those regulators and NAFTA for that one.

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    Quote Originally Posted by jimbo View Post
    Nonsense. We can refine as much as we want to, and do it in a safe manner. The present limit on refining is due to refinery capacity not keeping up. The safest and most economical method of bringing the carbon based energy to the consumer is to do it in our country where manufacturing and delivery can be observed. This does not mean using regulation to limit supply to make alternate sources more competitive. The simple answer is to encourage more refining capacity. Make a guess how many new refineries have been brought on line in the past few years.
    None. We have taken 6 refineries offline in the past few years.

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