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U.S. energy boom needs no stimulants

GasBuddy Blog -- Just before we reported that retail gasoline in the U.S. reached an all-time high this year; (the national average is $3.63 for 2012) USA TODAY came out with an editorial (Nov. 23) discussing all the problems the nation's energy boom could bring.

The paper acknowledged we're in the midst of our most productive era, energy-wise; growing reserves from Texas to the Dakotas; a wealth of natural gas from the shale reserves of Pennsylvania down to W. Virginia; but they seemed upset about it.

The Dept. of Energy tells us "reserves of U.S. oil and natural gas in 2010 rose by the highest amounts ever recorded since EIA began publishing proved reserves estimates in 1977. For both oil and natural gas, these increases in proved...

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Submitted Dec 05, 2012 By: PD

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Oilman9117 Rookie Author New Orleans Posts:7 Points:6,325 Joined:Oct 2008	Message Posted: Dec 12, 2012 12:20:54 PM Ignore Oilman9117 Report Abuse The crazy thing about all this is that we are only making the refineries we have bigger as their are to many idiotic rules to build a new refinery in America. Instead you have places like Brazil and India coming on line with refineries that run 2.5 million barrels a day. They emit there emissions to the same sky we do but in America we are held to a much higher degree. The competitive advatage is to build overseas. Oh and the Dept of Energy was created when they were developing the Atomic Bomb and it was to monitor and control Nuclear material but of course the goverment spun it into a whole different deal in the 70's under Carter.
paulweb All-Star Author Ohio Posts:907 Points:380,825 Joined:May 2011	Message Posted: Dec 12, 2012 11:14:11 AM Ignore paulweb Report Abuse Definite need for moderation, on all sides.
GroovyMimi Rookie Author Fort Worth Posts:1 Points:1,270 Joined:Mar 2011	Message Posted: Dec 9, 2012 3:17:06 AM Ignore GroovyMimi Report Abuse Why the HE## do you keep saying that the problems stem from the last four years?! The energy and oil crisis problems were created LONG before the last four years!
Ray_10589 Champion Author New York Posts:5,086 Points:1,211,435 Joined:May 2009	Message Posted: Dec 7, 2012 12:00:38 AM Ignore Ray_10589 Report Abuse waist of tax $$$
skybiker Champion Author South Carolina Posts:7,413 Points:1,587,590 Joined:Jul 2008	Message Posted: Dec 6, 2012 10:57:54 PM Ignore skybiker Report Abuse Open more fields...
skybiker Champion Author South Carolina Posts:7,413 Points:1,587,590 Joined:Jul 2008	Message Posted: Dec 6, 2012 10:57:38 PM Ignore skybiker Report Abuse Open more fields...
my2002m Champion Author Tulsa Posts:6,213 Points:1,697,980 Joined:Jul 2008	Message Posted: Dec 6, 2012 10:07:52 PM Ignore my2002m Report Abuse Need more things like this that don't need government support.
RoadKing95 Champion Author San Jose Posts:20,699 Points:3,630,940 Joined:May 2003	Message Posted: Dec 6, 2012 3:30:40 PM Ignore RoadKing95 Report Abuse Tanks_alot wrote; "Tired of tax breaks to oil companies? Well, ONE Solyndra subsidy was worth at least 10 years of oil company tax breaks. At least the oil companies provide a valuable product, unlike the green energy "industry" whose chief product is broken promises. Let's stop subsidizing BOTH, and see who fails." I call BS. gimme some real documentation to back your claim.
Lasing Champion Author Colorado Springs Posts:14,352 Points:2,335,075 Joined:Aug 2006	Message Posted: Dec 6, 2012 2:49:49 PM Ignore Lasing Report Abuse "Hopefully the folks in charge will learn from the mistakes of the past four years and let the energy industry’s success take root with the ebb and flow of free markets" Most of the folks that voted last month sure didn't learn anything, why would the next 4 years be any different? 4 years ago Obama said he wanted to lower the deficit, but he just about doubled it. This time he says he wants to lower it, but is demanding the debt ceiling be raised so he can borrow more, and crying that the Republicans won't let him. I didn't vote for this incompetent Socialist.
Cheepo Champion Author Tampa Posts:9,994 Points:3,148,880 Joined:Apr 2003	Message Posted: Dec 6, 2012 1:57:36 PM Ignore Cheepo Report Abuse Can anybody tell me why we need this department????????
milespergallon Champion Author Illinois Posts:9,890 Points:1,937,035 Joined:Feb 2007	Message Posted: Dec 6, 2012 1:04:28 PM Ignore milespergallon Report Abuse Yesterday
dieselfiendSC Champion Author South Carolina Posts:2,261 Points:871,355 Joined:Nov 2008	Message Posted: Dec 6, 2012 12:23:41 PM Ignore dieselfiendSC Report Abuse Liberals are liberals, you can't figure them out.
bart_reed Champion Author Los Angeles Posts:4,115 Points:813,330 Joined:Mar 2011	Message Posted: Dec 6, 2012 12:12:45 PM Ignore bart_reed Report Abuse Yes, and isn't that high if you factor in rate of inflation.
SUV2009 Champion Author Orlando Posts:4,488 Points:1,165,240 Joined:Oct 2009	Message Posted: Dec 6, 2012 12:04:22 PM Ignore SUV2009 Report Abuse ok
nskmda Champion Author Grand Rapids Posts:1,376 Points:800,305 Joined:May 2007	Message Posted: Dec 6, 2012 11:49:53 AM Ignore nskmda Report Abuse booming only for the producers but not for consumers... the price is not falling much enough...
jiml1965 Champion Author Harrisburg Posts:3,082 Points:704,675 Joined:Jan 2011	Message Posted: Dec 6, 2012 11:19:52 AM Ignore jiml1965 Report Abuse independence from the Middle East, it is good for us
Topless2012 Champion Author Twin Cities Posts:2,573 Points:508,765 Joined:Jan 2012	Message Posted: Dec 6, 2012 11:19:05 AM Ignore Topless2012 Report Abuse It is truly a shame to feel the need to agree with Cellsite. What we really need is new leadership. We had a chance and missed it.
Cellsite Champion Author Appleton Posts:1,326 Points:312,135 Joined:Jun 2012	Message Posted: Dec 6, 2012 11:16:44 AM Ignore Cellsite Report Abuse Well done commentary. The USA Today is no different than the rest of the left-wing liberal media that helped get our nation's worst nightmare re-elected. They dig for the negatives in a very positive situation and then turn around and cover up our president and his cronies helping to get people killed in our embassy. This is the 21st century and our nation needs this energy boom and every drop of oil and cubic foot of natural gas it can get, right here on our soil.
gasoutherneagle Champion Author Georgia Posts:2,249 Points:737,410 Joined:Sep 2008	Message Posted: Dec 6, 2012 11:14:53 AM Ignore gasoutherneagle Report Abuse Obama is a chicken sh_t a--whole!
No1ConMan Champion Author Memphis Posts:1,155 Points:242,640 Joined:Sep 2005	Message Posted: Dec 6, 2012 11:08:00 AM Ignore No1ConMan Report Abuse Until they find a way to profit personally they will do everything to deter development.
Ready Eddie Champion Author Twin Cities Posts:5,919 Points:1,371,445 Joined:Feb 2003	Message Posted: Dec 6, 2012 10:59:32 AM Ignore Ready Eddie Report Abuse Dragging us kicking and screaming. Stop the waste.
Lbro Champion Author Denver Posts:1,091 Points:445,200 Joined:Jan 2004	Message Posted: Dec 6, 2012 10:58:05 AM Ignore Lbro Report Abuse Wasted money! And everyone gripes about alternative credits.
krobp46 Champion Author Milwaukee Posts:2,858 Points:568,570 Joined:Sep 2011	Message Posted: Dec 6, 2012 10:57:14 AM Ignore krobp46 Report Abuse The Obama Administration and the Dept of Energy (Steven Chu) both are working towards independence from fossil fuels. While I applaud their efforts (except where they threw money at Bankrupt prone companies) they have to realize that their efforts will not be realized overnight, and may take many years to implement. And while this is happening, shutting down fossil fuel venues will only hurt this country
itzagasgasgas1 Champion Author Cincinnati Posts:4,114 Points:1,626,970 Joined:Aug 2005	Message Posted: Dec 6, 2012 10:56:16 AM Ignore itzagasgasgas1 Report Abuse Stop giving federal money to energy companies making record profits.
thirty8paces Champion Author Baltimore Posts:4,626 Points:1,129,655 Joined:Sep 2008	Message Posted: Dec 6, 2012 10:55:37 AM Ignore thirty8paces Report Abuse I agree.
GRUMPY55 Champion Author California Posts:1,671 Points:434,115 Joined:Oct 2011	Message Posted: Dec 6, 2012 10:55:14 AM Ignore GRUMPY55 Report Abuse ok
jetmech568 Champion Author Idaho Posts:1,285 Points:650,105 Joined:Apr 2011	Message Posted: Dec 6, 2012 10:55:03 AM Ignore jetmech568 Report Abuse obumer wants green energy (or says he does)so he'll give them more money. that must stop
Gassed01 Champion Author Toronto Posts:6,485 Points:1,827,340 Joined:Jan 2006	Message Posted: Dec 6, 2012 10:54:26 AM Ignore Gassed01 Report Abuse Governments - stop giving our money away.
CharlieC08 Champion Author Colorado Posts:8,077 Points:1,486,075 Joined:Oct 2008	Message Posted: Dec 6, 2012 10:52:18 AM Ignore CharlieC08 Report Abuse Keep the gvmt. out of it.
NanookAK Champion Author Anchorage Posts:7,419 Points:1,468,715 Joined:Nov 2007	Message Posted: Dec 6, 2012 10:51:03 AM Ignore NanookAK Report Abuse Ban stimulants. Let them succeed on their own.
#12#_vabchusa All-Star Author Virginia Posts:877 Points:114,620 Joined:Jun 2004	Message Posted: Dec 6, 2012 10:49:14 AM Ignore #12#_vabchusa Report Abuse With reserves at all time highs, we nned to feel some relief at the pumps.
Yonkers111 Champion Author Scranton Posts:8,342 Points:859,135 Joined:Apr 2007	Message Posted: Dec 6, 2012 10:48:47 AM Ignore Yonkers111 Report Abuse Price of diesel so low the highways are absolutely over run with trucks.
mikesr100 Champion Author Sacramento Posts:4,035 Points:1,108,415 Joined:Apr 2008	Message Posted: Dec 6, 2012 10:48:43 AM Ignore mikesr100 Report Abuse EPA needs to allow more refineries to be built so the price of Gas can fall under $2 a gallon!
knutzAL Champion Author Alabama Posts:2,248 Points:372,680 Joined:Feb 2012	Message Posted: Dec 6, 2012 10:44:00 AM Ignore knutzAL Report Abuse I may have to get my ears and eyes plugged for the next four years. I will implode with the yack going around.
momof5MN Champion Author Twin Cities Posts:4,194 Points:221,860 Joined:Feb 2011	Message Posted: Dec 6, 2012 10:43:43 AM Ignore momof5MN Report Abuse Yes, Tanks alot.
bicycler Champion Author Ontario Posts:14,815 Points:2,598,445 Joined:May 2005	Message Posted: Dec 6, 2012 10:43:30 AM Ignore bicycler Report Abuse catseyes8624; Controles of the'oilbarons' greed would help restrain greed'
Snowchoux Champion Author Missouri Posts:1,003 Points:145,635 Joined:Sep 2012	Message Posted: Dec 6, 2012 10:43:00 AM Ignore Snowchoux Report Abuse I wouldn't hold my breath, the political system will mess it up.
MRHONEST Champion Author Illinois Posts:2,222 Points:1,696,805 Joined:May 2007	Message Posted: Dec 6, 2012 10:42:43 AM Ignore MRHONEST Report Abuse That is for sure-making enough money already!
Prodaddy Champion Author Houston Posts:8,521 Points:1,922,885 Joined:May 2007	Message Posted: Dec 6, 2012 10:42:37 AM Ignore Prodaddy Report Abuse I agree also
kuma2000 Champion Author Honolulu Posts:3,363 Points:701,850 Joined:Jun 2011	Message Posted: Dec 6, 2012 10:38:43 AM Ignore kuma2000 Report Abuse With US production at an all time high, why can't these major oil companies give us a break in the prices of gasoline.
jcurley Champion Author California Posts:8,018 Points:1,801,520 Joined:Dec 2007	Message Posted: Dec 6, 2012 10:36:43 AM Ignore jcurley Report Abuse @divebomber - great comment! With EVERY boom comes a bust. The classic all your eggs in one basket. I know this is an opinion piece and it makes several good points, but the main reason for this oil and gas boom is THE CURRENT HIGH PRICES! That and the enhanced technology that allows more of the product to be extracted from the earth. Remember folks, that our oil and gas prices are greatly dependent on GLOBAL demand and deregulation (e.g. more give-aways to the oil and financial industries, mostly off-shore). The refiners will manipulate supplies and export excess product to keep prices high, unless we re-regulate the greedy turkeys.
cateyes8264 Champion Author Tennessee Posts:2,997 Points:666,465 Joined:Jul 2011	Message Posted: Dec 6, 2012 10:35:54 AM Ignore cateyes8264 Report Abuse big oil greed needs to give us a break and come off the prices
crashintuc34 Champion Author Tucson Posts:4,193 Points:839,530 Joined:May 2010	Message Posted: Dec 6, 2012 10:35:44 AM Ignore crashintuc34 Report Abuse Hopefully as production increases the prices will continue to drop.
TAT36 Champion Author Florida Posts:6,949 Points:1,330,200 Joined:Sep 2009	Message Posted: Dec 6, 2012 10:35:40 AM Ignore TAT36 Report Abuse This can not be. No one created anything by themselves. Has to be some stimulus from the government someplace.
SpankyMI Champion Author Kalamazoo Posts:2,836 Points:785,590 Joined:Jan 2011	Message Posted: Dec 6, 2012 10:35:13 AM Ignore SpankyMI Report Abuse Who in the energy business (except solar) is asking for a stimulant?
Tanks_alot Champion Author Rhode Island Posts:9,035 Points:1,635,250 Joined:Sep 2008	Message Posted: Dec 6, 2012 10:33:42 AM Ignore Tanks_alot Report Abuse Why are prices so high despite increased domestic production? Take a look back at Germany in the 1920s, where it took a wheelbarrow full of currency to buy a loaf of bread. High prices are because of the inflated dollar. It takes more Bernanke bucks to buy a gallon of gas.
bobsalwaysmt Champion Author Long Island Posts:4,709 Points:268,240 Joined:Oct 2007	Message Posted: Dec 6, 2012 10:31:23 AM Ignore bobsalwaysmt Report Abuse It needs support from the POTUS!
Tanks_alot Champion Author Rhode Island Posts:9,035 Points:1,635,250 Joined:Sep 2008	Message Posted: Dec 6, 2012 10:31:11 AM Ignore Tanks_alot Report Abuse Tired of tax breaks to oil companies? Well, ONE Solyndra subsidy was worth at least 10 years of oil company tax breaks. At least the oil companies provide a valuable product, unlike the green energy "industry" whose chief product is broken promises. Let's stop subsidizing BOTH, and see who fails.
yeehaw1073 Champion Author Indiana Posts:2,456 Points:1,874,600 Joined:May 2004	Message Posted: Dec 6, 2012 10:30:49 AM Ignore yeehaw1073 Report Abuse And so this "energy independence" happens when?
georged12 All-Star Author Michigan Posts:903 Points:57,185 Joined:Jun 2012	Message Posted: Dec 6, 2012 10:30:28 AM Ignore georged12 Report Abuse So why the high prices at the pumps????