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| US shale oil supply shock shifts global power balance https://mail.chicagofanatics.com/viewtopic.php?f=47&t=79199 |
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| Author: | Seacrest [ Tue May 14, 2013 1:01 pm ] |
| Post subject: | US shale oil supply shock shifts global power balance |
We have enough oil on our own soil to be totally energy independent in two years or less. Remind why I paid 4.08 a gallon at Costco this morning. A steeper-than-expected rise in US shale oil reserves is about to change the global balance of power between new and existing producers, a report says. Over the next five years, the US will account for a third of new oil supplies, according to the International Energy Agency (IEA). The US will change from the world's leading importer of oil to a net exporter. Demand for oil from Middle-East oil producers is set to slow as a result. "North America has set off a supply shock that is sending ripples throughout the world," said IEA executive director Maria van der Hoeven. The surge in US production will reshape the whole industry, according to the IEA, which made the prediction in its closely-watched bi-annual report examining trends in oil supply and demand over the next five years. The IEA said it expected the US to overtake Russia as the world's biggest gas producer by 2015 and to become "all but self-sufficient" in its energy needs by about 2035. The rise in US production means the world's reliance on oil from traditional oil producing countries in the Middle East, which make up Opec (the Organization of the Petroleum Exporting Countries), would end soon, according to the report. http://www.bbc.co.uk/news/business-22524597 |
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| Author: | rogers park bryan [ Tue May 14, 2013 1:02 pm ] |
| Post subject: | Re: US shale oil supply shock shifts global power balance |
Yay!!! Im sure Washington wont fuck this up! |
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| Author: | Seacrest [ Tue May 14, 2013 1:04 pm ] |
| Post subject: | Re: US shale oil supply shock shifts global power balance |
rogers park bryan wrote: Yay!!! Im sure Washington wont fuck this up! We would be energy independent in two years if they would just approve PART of the Keystone pipeline. The article claims it won't happen until 2035. |
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| Author: | rogers park bryan [ Tue May 14, 2013 1:05 pm ] |
| Post subject: | Re: US shale oil supply shock shifts global power balance |
Seacrest wrote: rogers park bryan wrote: Yay!!! Im sure Washington wont fuck this up! We would be energy independent in two years if they would just approve PART of the Keystone pipeline. The article claims it won't happen until 2035. Hooray for my daughter. Ill be fucking 55. |
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| Author: | Hank Scorpio [ Tue May 14, 2013 1:06 pm ] |
| Post subject: | Re: US shale oil supply shock shifts global power balance |
I'll be dead |
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| Author: | denisdman [ Tue May 14, 2013 1:10 pm ] |
| Post subject: | Re: US shale oil supply shock shifts global power balance |
Seacrest, you write for the Herald. It was one of their cover stories this week- high Chicago gas prices. Flooding and refinery maintenance issues have exacerbated the seasonal shift to low ozone gasoline that only three local refiners are able to make. |
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| Author: | Seacrest [ Tue May 14, 2013 1:14 pm ] |
| Post subject: | Re: US shale oil supply shock shifts global power balance |
denisdman wrote: Seacrest, you write for the Herald. It was one of their cover stories this week- high Chicago gas prices. Flooding and refinery maintenance issues have exacerbated the seasonal shift to low ozone gasoline that only three local refiners are able to make. And the check is in the mail also Dman. |
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| Author: | denisdman [ Tue May 14, 2013 1:19 pm ] |
| Post subject: | Re: US shale oil supply shock shifts global power balance |
Seacrest wrote: denisdman wrote: Seacrest, you write for the Herald. It was one of their cover stories this week- high Chicago gas prices. Flooding and refinery maintenance issues have exacerbated the seasonal shift to low ozone gasoline that only three local refiners are able to make. And the check is in the mail also Dman. I pay my $29 each month. Honestly, they have done a great job with local coverage of the pension, government waste, red light cameras, and transportation issues. They also boosted their sports commentary with Spiegs, Ranger, Kasper, although North is a waste. They just changed the business section. The paper is doing a nice job. If only they would fix all the grammar stuff that makes it look like a second grade writing class. too/to/two, there/their/they're etc etc |
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| Author: | Telegram Sam [ Tue May 14, 2013 1:49 pm ] |
| Post subject: | Re: US shale oil supply shock shifts global power balance |
This is fantastic news for our rich people. |
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