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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:18,818 Points:1,636,370 Joined:Nov 2008	Message Posted: Dec 9, 2012 6:57:17 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:33,584 Points:2,373,210 Joined:Aug 2006	Message Posted: Dec 8, 2012 2:14:54 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:1,955 Points:669,240 Joined:Mar 2011	Message Posted: Dec 7, 2012 11:39:39 PM Ignore bston Report Abuse No thank you.
crreed1 Champion Author West Virginia Posts:2,100 Points:2,550,715 Joined:May 2005	Message Posted: Dec 7, 2012 11:21:54 PM Ignore crreed1 Report Abuse old news
TheSnowstorm Champion Author Montreal Posts:8,724 Points:1,939,155 Joined:June 2005	Message Posted: Dec 7, 2012 11:19:41 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:1,523 Points:329,840 Joined:Mar 2012	Message Posted: Dec 7, 2012 11:11:27 PM Ignore snky2k Report Abuse Read this yesterday too.
GGAlbo Champion Author Detroit Posts:2,286 Points:1,910,210 Joined:Sep 2006	Message Posted: Dec 7, 2012 11:10:06 PM Ignore GGAlbo Report Abuse I would like to see that!!!
Matt G Champion Author Boston Posts:4,668 Points:2,799,765 Joined:Jun 2004	Message Posted: Dec 7, 2012 11:07:34 PM Ignore Matt G Report Abuse About time
Matt G Champion Author Boston Posts:4,668 Points:2,799,765 Joined:Jun 2004	Message Posted: Dec 7, 2012 11:07:07 PM Ignore Matt G Report Abuse Good forus
jrschl Champion Author Louisville Posts:3,102 Points:707,790 Joined:Jun 2011	Message Posted: Dec 7, 2012 11:06:57 PM Ignore jrschl Report Abuse I do not believe we are that close.
WIWalt Champion Author Wisconsin Posts:1,852 Points:441,965 Joined:Mar 2012	Message Posted: Dec 7, 2012 11:06:53 PM Ignore WIWalt Report Abuse Never happen with the anti-American in the White House
rjoeh Champion Author Michigan Posts:7,207 Points:2,496,565 Joined:Jun 2004	Message Posted: Dec 7, 2012 11:06:42 PM Ignore rjoeh Report Abuse Excessive use of rose colored glasses with Obama at the helm.
judgemobile Champion Author Ohio Posts:7,705 Points:2,472,635 Joined:Nov 2005	Message Posted: Dec 7, 2012 11:06:34 PM Ignore judgemobile Report Abuse what is dangerous about something good for the country ?
unicornpmb Champion Author Buffalo Posts:8,626 Points:1,656,240 Joined:Sep 2005	Message Posted: Dec 7, 2012 11:06:20 PM Ignore unicornpmb Report Abuse Right.
BlewettCA Veteran Author California Posts:318 Points:243,410 Joined:May 2012	Message Posted: Dec 7, 2012 11:05:17 PM Ignore BlewettCA Report Abuse ok
Ahking Champion Author Orange County Posts:3,599 Points:621,360 Joined:May 2011	Message Posted: Dec 7, 2012 11:05:04 PM Ignore Ahking Report Abuse don't lose sight on building the alternate energy infrastructure in America.
cheaper0ON Champion Author Ontario Posts:1,118 Points:425,530 Joined:Jan 2012	Message Posted: Dec 7, 2012 11:03:11 PM Ignore cheaper0ON Report Abuse Interesting.
clermont40miles Champion Author Cincinnati Posts:10,754 Points:1,799,595 Joined:Apr 2008	Message Posted: Dec 7, 2012 11:00:03 PM Ignore clermont40miles Report Abuse Produce.
BCM1 Champion Author Pennsylvania Posts:1,879 Points:786,420 Joined:Jun 2007	Message Posted: Dec 7, 2012 10:59:58 PM Ignore BCM1 Report Abuse government regs will never let us be independent.
PoohMcGoo Champion Author Alabama Posts:3,122 Points:822,360 Joined:Dec 2010	Message Posted: Dec 7, 2012 10:59:30 PM Ignore PoohMcGoo Report Abuse Maybe when we get another president.
gasmack Champion Author Ventura Posts:1,752 Points:679,840 Joined:Feb 2011	Message Posted: Dec 7, 2012 10:56:00 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:8,944 Points:1,871,150 Joined:Aug 2005	Message Posted: Dec 7, 2012 10:54:11 PM Ignore WIPACKERFAN Report Abuse Quite a nice fictional story.
BREW9 Champion Author Tampa Posts:1,020 Points:2,939,660 Joined:Jun 2004	Message Posted: Dec 7, 2012 10:54:00 PM Ignore BREW9 Report Abuse wow
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Dec 7, 2012 10:52:11 PM Ignore mstearno Report Abuse moron wrote this one
gd83goldwinger Champion Author South Bend Posts:1,428 Points:519,230 Joined:May 2011	Message Posted: Dec 7, 2012 10:50:34 PM Ignore gd83goldwinger Report Abuse I live with a cheaper cost.
Dragnet Champion Author Arizona Posts:15,548 Points:2,934,510 Joined:Jul 2004	Message Posted: Dec 7, 2012 10:50:26 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:3,344 Points:845,260 Joined:Sep 2009	Message Posted: Dec 7, 2012 10:49:33 PM Ignore mcmonsta Report Abuse peace and cheap fuel...i can live with that
1COR1533 Champion Author San Jose Posts:1,826 Points:341,035 Joined:Jun 2012	Message Posted: Dec 7, 2012 10:49:27 PM Ignore 1COR1533 Report Abuse dont trust those guys they hate the usa
BBHybrid Champion Author Pittsburgh Posts:6,479 Points:1,297,075 Joined:Aug 2008	Message Posted: Dec 7, 2012 10:49:14 PM Ignore BBHybrid Report Abuse lies, we have the resources and know how, big oil wants the money
goinwgas Champion Author Oregon Posts:1,009 Points:260,050 Joined:Jun 2012	Message Posted: Dec 7, 2012 10:46:33 PM Ignore goinwgas Report Abuse and republican pigs can sprout wings and fly
Prodaddy Champion Author Houston Posts:8,516 Points:1,921,910 Joined:May 2007	Message Posted: Dec 7, 2012 10:45:52 PM Ignore Prodaddy Report Abuse I agree with TKDBlackbelt
TKDBlackBelt Champion Author Dayton Posts:3,256 Points:1,145,265 Joined:Mar 2007	Message Posted: Dec 7, 2012 10:42:54 PM Ignore TKDBlackBelt Report Abuse Never happen with the anti-American in the White House destroying our energy production!
The3rd Champion Author Jacksonville Posts:3,003 Points:837,775 Joined:Jul 2004	Message Posted: Dec 7, 2012 10:39:05 PM Ignore The3rd Report Abuse fiction
Darwin00 All-Star Author Mississippi Posts:848 Points:292,140 Joined:Dec 2010	Message Posted: Dec 7, 2012 10:38:53 PM Ignore Darwin00 Report Abuse Interesting.
pgerassi Champion Author Milwaukee Posts:11,036 Points:2,159,245 Joined:Apr 2007	Message Posted: Dec 7, 2012 10:38:42 PM Ignore pgerassi Report Abuse Predictions are inherently unstable especially the further out one projects.
WhiskersTheCat All-Star Author Austin Posts:881 Points:1,346,925 Joined:Oct 2008	Message Posted: Dec 7, 2012 10:37:20 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:7,463 Points:1,778,195 Joined:Feb 2006	Message Posted: Dec 7, 2012 10:34:40 PM Ignore cssco Report Abuse LolliPop, LolliPop.
drz614 Champion Author Harrisburg Posts:2,439 Points:625,320 Joined:Aug 2011	Message Posted: Dec 7, 2012 10:27:08 PM Ignore drz614 Report Abuse dont see this happening
Doomsday64 All-Star Author Austin Posts:905 Points:353,350 Joined:Apr 2011	Message Posted: Dec 7, 2012 10:26:36 PM Ignore Doomsday64 Report Abuse Cant come soon enough
DEG Champion Author Las Vegas Posts:17,745 Points:3,519,480 Joined:Jul 2003	Message Posted: Dec 7, 2012 10:21:53 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 10:14:39 PM Ignore pastorpaulcg Report Abuse I don't see this happening due our environmental regulations
granitestater Champion Author New Hampshire Posts:8,980 Points:1,458,450 Joined:Oct 2008	Message Posted: Dec 7, 2012 10:08:36 PM Ignore granitestater Report Abuse We will use what we find...
nwsynthetics Champion Author Oregon Posts:1,019 Points:354,400 Joined:Dec 2011	Message Posted: Dec 7, 2012 10:00:50 PM Ignore nwsynthetics Report Abuse Nothing wrong with that news, as long as the price stays low
mrbee Champion Author Little Rock Posts:3,894 Points:2,493,380 Joined:Oct 2005	Message Posted: Dec 7, 2012 9:56:28 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 9:55:36 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:665 Points:555,630 Joined:Jun 2011	Message Posted: Dec 7, 2012 9:55:16 PM Ignore papakoca Report Abuse And just last year, the harbinger of doom was "peak oil."
Blue48 Champion Author Illinois Posts:7,445 Points:1,665,645 Joined:Feb 2007	Message Posted: Dec 7, 2012 9:54:31 PM Ignore Blue48 Report Abuse TIME WILL TELL!
iamforiu Champion Author Indiana Posts:3,710 Points:738,465 Joined:May 2011	Message Posted: Dec 7, 2012 9:52:38 PM Ignore iamforiu Report Abuse drill baby drill
drewsworld Sophomore Author Los Angeles Posts:240 Points:19,605 Joined:Aug 2012	Message Posted: Dec 7, 2012 9:44:41 PM Ignore drewsworld Report Abuse ok
30mpg80 Champion Author Lexington Posts:10,265 Points:1,514,580 Joined:Nov 2008	Message Posted: Dec 7, 2012 9:43:53 PM Ignore 30mpg80 Report Abuse We will use it faster, until it runs out.