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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:18,599 Points:1,607,570 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:32,954 Points:2,343,560 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:1,810 Points:640,325 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:1,975 Points:2,524,385 Joined:May 2005	Message Posted: Dec 8, 2012 12:21:54 AM Ignore crreed1 Report Abuse old news
TheSnowstorm Champion Author Montreal Posts:8,609 Points:1,910,980 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:1,388 Points:300,865 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:2,242 Points:1,883,555 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:4,523 Points:2,771,090 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:4,523 Points:2,771,090 Joined:Jun 2004	Message Posted: Dec 8, 2012 12:07:07 AM Ignore Matt G Report Abuse Good forus
jrschl Champion Author Louisville Posts:2,955 Points:678,775 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:1,716 Points:413,595 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:7,071 Points:2,468,115 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:7,560 Points:2,443,185 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:8,476 Points:1,627,465 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:3,497 Points:601,520 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:973 Points:396,105 Joined:Jan 2012	Message Posted: Dec 8, 2012 12:03:11 AM Ignore cheaper0ON Report Abuse Interesting.
clermont40miles Champion Author Cincinnati Posts:10,554 Points:1,770,090 Joined:Apr 2008	Message Posted: Dec 8, 2012 12:00:03 AM Ignore clermont40miles Report Abuse Produce.
BCM1 Champion Author Pennsylvania Posts:1,859 Points:782,020 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:798,335 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:1,700 Points:665,575 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:8,794 Points:1,841,500 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:871 Points:2,910,030 Joined:Jun 2004	Message Posted: Dec 7, 2012 11:54:00 PM Ignore BREW9 Report Abuse wow
mstearno Champion Author Dayton Posts:8,055 Points:1,729,430 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:502,730 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:15,396 Points:2,906,810 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:3,217 Points:815,845 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:1,681 Points:313,335 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:6,465 Points:1,294,070 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:858 Points:230,400 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:8,365 Points:1,893,010 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:3,253 Points:1,140,980 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:2,856 Points:826,785 Joined:Jul 2004	Message Posted: Dec 7, 2012 11:39:05 PM Ignore The3rd Report Abuse fiction
Darwin00 All-Star Author Mississippi Posts:827 Points:268,695 Joined:Dec 2010	Message Posted: Dec 7, 2012 11:38:53 PM Ignore Darwin00 Report Abuse Interesting.
pgerassi Champion Author Milwaukee Posts:10,886 Points:2,129,655 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:806 Points:1,318,850 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:7,316 Points:1,749,580 Joined:Feb 2006	Message Posted: Dec 7, 2012 11:34:40 PM Ignore cssco Report Abuse LolliPop, LolliPop.
drz614 Champion Author Harrisburg Posts:2,289 Points:595,670 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:849 Points:334,080 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:17,610 Points:3,492,755 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:8,812 Points:1,428,800 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:345,075 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:3,744 Points:2,464,030 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:528,785 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:7,295 Points:1,635,995 Joined:Feb 2007	Message Posted: Dec 7, 2012 10:54:31 PM Ignore Blue48 Report Abuse TIME WILL TELL!
iamforiu Champion Author Indiana Posts:3,560 Points:708,715 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:10,007 Points:1,484,930 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.