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GENO123
Joined: 28 Jan 2010
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 Posted: Mon Apr 27, 2015 6:11 am Post subject: US eyes global energy dominance |
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http://www.telegraph.co.uk/finance/newsbysector/energy/11563761/US-to-launch-blitz-of-gas-exports-eyes-global-energy-dominance.html
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| The United States is poised to flood world markets with once-unthinkable quantities of liquefied natural gas as soon as this year, profoundly changing the geo-politics of global energy and posing a major threat to Russian gas dominance in Europe. |
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America's parallel drive for shale oil is equally breath-taking. Scott Sheffield, head of Pioneer Natural Resources, said his company has discovered huge reserves in the vast Permian Basin of West Texas.
"We think the Permian could produce 5-6m barrels a day (b/d) in the long-term," he said. It is a staggering claim. This would be more than Saudi Arabia's giant Ghawar field, the biggest in the world.
Ryan Lance, head of ConocoPhillips, said North American oil output could reach 15m b/d by 2020 and 25m b/d over the next quarter century, three times Saudi Arabia's current exports. A vault forward on this scale would establish the US as the leading energy superpower in both oil and gas, a revival that almost nobody could have imagined seven years ago when the United States was in near panic over its exorbitant dependency of imported fuel. It would restore the US to its mid-20th Century position as a surplus trading nation, and perhaps ultimately as world's biggest external creditor once again. |
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W.T.Carl
Joined: 16 Jan 2003
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| Posted: Wed Apr 29, 2015 2:25 pm Post subject: |
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| And why not? Why do you think the House of Saud lowered the price of crude? |
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atwood
Joined: 26 Dec 2009
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| Posted: Wed Apr 29, 2015 7:42 pm Post subject: |
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| Since production in the U.S. is being cut way back due to the drop in the pirce of oil, I'd say it's doubtful, at least in the near future. |
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Plain Meaning
Joined: 18 Oct 2014
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| Posted: Wed Apr 29, 2015 7:58 pm Post subject: |
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| atwood wrote: |
| Since production in the U.S. is being cut way back due to the drop in the pirce of oil, I'd say it's doubtful, at least in the near future. |
Joo/Geno isn't talking about the near future. He is talking about the medium- and long-term.
The Green Economy has not emerged. |
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atwood
Joined: 26 Dec 2009
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| Posted: Wed Apr 29, 2015 8:02 pm Post subject: |
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| Plain Meaning wrote: |
| atwood wrote: |
| Since production in the U.S. is being cut way back due to the drop in the pirce of oil, I'd say it's doubtful, at least in the near future. |
Joo/Geno isn't talking about the near future. He is talking about the medium- and long-term.
The Green Economy has not emerged. |
The quotation says by 2020; I'd consider that near-term.
Besides, long-term predictions are little more that guesses.
The green economy has not emerged but it is emerging. Look at the growth of solar energy in the U.S. Look at Tesla and the electric car infrastructure it's building worldwide. |
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Plain Meaning
Joined: 18 Oct 2014
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| Posted: Thu Apr 30, 2015 12:23 am Post subject: |
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| atwood wrote: |
| Plain Meaning wrote: |
| atwood wrote: |
| Since production in the U.S. is being cut way back due to the drop in the pirce of oil, I'd say it's doubtful, at least in the near future. |
Joo/Geno isn't talking about the near future. He is talking about the medium- and long-term.
The Green Economy has not emerged. |
The quotation says by 2020; I'd consider that near-term.
Besides, long-term predictions are little more that guesses.
The green economy has not emerged but it is emerging. Look at the growth of solar energy in the U.S. Look at Tesla and the electric car infrastructure it's building worldwide. |
The article to which I linked is from 2009. It speaks of Silicon Valley's hybrid and electric cars. Nothing has really changed in five years. Silicon Valley still has hybrid and electric cars and the rest of the United States does not. |
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atwood
Joined: 26 Dec 2009
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| Posted: Thu Apr 30, 2015 12:38 am Post subject: |
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| Plain Meaning wrote: |
| atwood wrote: |
| Plain Meaning wrote: |
| atwood wrote: |
| Since production in the U.S. is being cut way back due to the drop in the pirce of oil, I'd say it's doubtful, at least in the near future. |
Joo/Geno isn't talking about the near future. He is talking about the medium- and long-term.
The Green Economy has not emerged. |
The quotation says by 2020; I'd consider that near-term.
Besides, long-term predictions are little more that guesses.
The green economy has not emerged but it is emerging. Look at the growth of solar energy in the U.S. Look at Tesla and the electric car infrastructure it's building worldwide. |
The article to which I linked is from 2009. It speaks of Silicon Valley's hybrid and electric cars. Nothing has really changed in five years. Silicon Valley still has hybrid and electric cars and the rest of the United States does not. |
Nothing has changed is incorrect. What happened regarding hybrid/electric car sales is cheap gas. But gas prices will go back up and global warming continues, so electric cars are going to happen.
And yes I noticed the article was from 2009 and so didn't read it. |
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northway
Joined: 05 Jul 2010
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| Posted: Thu Apr 30, 2015 10:02 am Post subject: |
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| Plain Meaning wrote: |
| The article to which I linked is from 2009. It speaks of Silicon Valley's hybrid and electric cars. Nothing has really changed in five years. Silicon Valley still has hybrid and electric cars and the rest of the United States does not. |
I'm guessing you haven't made it back to the States in awhile. As of 2014, Georgia leads the nation in market share of electric vehicles (Washington is second). It's still a sliver of the market, but it's growing, and adoption has crossed political lines. More here: http://insideevs.com/exclusive-georgia-leads-us-ev-adoption-2014/. |
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