USA will be the top dog on Oil in 2030

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Model T Ford Forum: Forum 2012: USA will be the top dog on Oil in 2030
Top of pagePrevious messageNext messageBottom of page Link to this message  By ROBERT J STEINER on Tuesday, December 11, 2012 - 07:49 am:

Breitling Oil and Gas Morning Podcast #200 11-30-12
Posted on November 30, 2012 | Categories : Daily Podcasts

Step back, Saudi Arabia and Russia.

The U.S. will become the world’s top producer of oil by 2020, a net exporter of oil around 2030 and nearly self-sufficient in energy by 2035, according to a new report from the International Energy Agency.

It’s a bold set of predictions for a nation that currently imports some 20% of its energy needs.

Recently, however, an “energy renaissance” has begun in the U.S., marked by a boost in oil, shale gas and bioenergy production made possible by new technologies such as hydraulic fracturing, or fracking, and horizontal drilling, said the report by the Paris agency, which acts as an energy watchdog for industrialized nations. North America is at the forefront of a sweeping

transformation in oil and gas production that will affect all regions of the world in very short order.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Rob from Nova Scotia on Tuesday, December 11, 2012 - 07:51 am:

very bold prediction considering the massive reserves north of the 48th parallel


Top of pagePrevious messageNext messageBottom of page Link to this message  By Mack Cole ---- Earth on Tuesday, December 11, 2012 - 08:39 am:

That means I will be in my mid 60's before gas will be "cheap". By that time,cheap will be 12 dollars a gallon and then it will come down to a measly 9.50 a gallon.:>0

Dont git me wrong,I hope it works out for the future of our country and the friendly nations of the world,but I just dont see the greenie weenies ever bowing enough to let it happen.


Top of pagePrevious messageNext messageBottom of page Link to this message  By John W. Oder - Houston, Texas on Tuesday, December 11, 2012 - 09:51 am:

Its already happening. The large repair/make new machine shop I "work" for in Houston has a four year back log that is added to every day.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Ricks - Surf City on Tuesday, December 11, 2012 - 10:07 am:

you.may.not.be.far.off.for.prices.mack...

all.the.cheap.oil.in.the.united.states.is.gone...it's.almost.laying.on.the.groun d.in.places.like.iraq...

prices.have.to.stay.well.above.50.dollars.a.barrel.to.make.tar.sands.and.the.bak ken.fields.economical...

fracking.is.giving.us.cheap.gas,.which.is.killing.coal,.not.regulation...some.co al.power.plants.have.already.converted.to.gas..


Top of pagePrevious messageNext messageBottom of page Link to this message  By Greg Kuhnash Southeastern Ohio on Tuesday, December 11, 2012 - 10:18 am:

How will more oil in the US lower gas prices in the US? All the companies that are doing the drilling and exploration, trade on a world wide market. If the Arabs dont get their price, they slow or stop production, artificial shortage, price goes up.
You dont want to know what the solution would be.
I live in Utica and Marcelles shale ground zero here in Ohio. People are selling their leases on their land to the highest bidder, lots of cases companies with ownership in China, not me. Litterally lots of over night millionaires.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Bud Holzschuh - Panama City, FL on Tuesday, December 11, 2012 - 10:40 am:

We could have all the oil in the world (now) and with the world market I don't believe it would lower gas prices here one bit!

Also we will never be smart enough to reserve a good chunk of it for chemical stock. Just my $.02


Top of pagePrevious messageNext messageBottom of page Link to this message  By A. Gustaf Bryngelson on Tuesday, December 11, 2012 - 11:16 am:

Actually, gas is pretty cheap right now in Idaho, it is around $340. Everyone who whines about how cheap it was when it could be bought for 30 cents a gallon needs to think back on how much they were getting paid at that time.
Best
Gus


Top of pagePrevious messageNext messageBottom of page Link to this message  By Willie K Cordes on Tuesday, December 11, 2012 - 11:53 am:

Like John in Houston said, "Its already happening" referring to oil production in Texas.
I live in South Central Texas just a little north of some of the serious drilling activities.
Currently I have the Seismic crews camped out on a corner of my propriety. The Seismograph crews are slowly working their way from west to east laying out sensors and than going through with huge thumper trucks and creating shakes. Sensors monitor this shake in something they call 3D images.
Oil companies use this data to determine where to drill.
I hope they get on with this so maybe I can get in on a little bit of that Oil money before I get to darn old to enjoy it. "It might even help cure that disease I have called Model T"


Top of pagePrevious messageNext messageBottom of page Link to this message  By Ken Kopsky, Lytle TX on Tuesday, December 11, 2012 - 08:51 pm:

$3.40 a gallon is NOT cheap and the price has nothing to do with what you get paid. The only reason it's not at $1.85 a gallon now is that it's being shipped to other countries at a higher price. That and production of gasoline is being lowered to keep the price high.

Fuel just happens to be the number one export for the US. On top of that, the US has more oil than it knows what to do with. Forget 2030. We could be the top producer in World next year simply by opening the wells we have. (Closed during the 90s.)


Top of pagePrevious messageNext messageBottom of page Link to this message  By Michael Thomas on Tuesday, December 11, 2012 - 10:18 pm:

Oil and nearly everything else is now subject to a world market. So now you compete with the rest of the world for your gallon of gas or diesel. Electric generation has gone to natural gas only because it is harder to export, thus only a local market and that makes it cheaper than oil. As soon as they figure out a cheap way to liquify and ship, it too will become a world market item.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Fred Dimock, Newfields NH, USA on Wednesday, December 12, 2012 - 02:57 am:

I heard someone say that the US will soon be called Saudi America because of all the petroleum we will export.

I'd be happy with a return to $1.85 per gallon of gasoline.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Steve McClelland on Wednesday, December 12, 2012 - 09:31 am:

Aman. Ken...!
I wonder how many oil wells we have that are just sitting idle, and have been for the last 30 years ! I went to Texas when I was 18 that's been 30 years ago we drove through Galveston, Huston, Dallas, Fort Worth, Henderson, ect. Over the period of a week I saw hundreds of wells and pumps not running, sitting not pumping a thing.
Just think about the jobs the US could create by opening these back up, maybe build some new state of the art refineries that would create tons of jobs as well, think about our trillions of dollars of debt that could be paid by becoming the worlds biggest exporter of oil... We don't seem to export much of anything else.... but I do know every freaking thing I look at in stores seems to be made somewhere else other than here..!
Our current prices here in Cleveland, TN. for the low grade alcohol is $3.05 per Gal but our local and State Tax is .39 cents per Gal. So with out the taxes ours would be $2.66 per, gal.

Willie don't get your hopes up.... I have a fellow that works for me they did the same thing on his property 15 years ago all they did is bought the rights to drill and he receives a check in the mail every year for $325.
It seem like around here water is where the money is... Another employee just sold 6 acres a couple years ago to a local spring water company he made off with a cool 6.5 million $ for his 6 acres...! Needles to say he no longer works with us.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Willie K Cordes on Wednesday, December 12, 2012 - 09:50 am:

Steve, I like your profile car. I have a red one very similar to yours. Mother-in-law seat and all.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Ricks - Surf City on Wednesday, December 12, 2012 - 09:59 am:

i.understand.we.export.gasoline.because.we.have.excess.refinery.capacity....

we.also.import.gasoline-probably.raw-.from.europe...


Top of pagePrevious messageNext messageBottom of page Link to this message  By Steve McClelland on Wednesday, December 12, 2012 - 03:35 pm:

Thanks, Willie ..... I gotta start looking for a top, do you have a top on yours? I've got bows, and irons just need material / kit.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Ken Kopsky, Lytle TX on Wednesday, December 12, 2012 - 03:57 pm:

There's no cost benefit in opening an old well in Texas. Back about 15 years ago, it took a cool 1/4 million dollars to re-certify and bond a closed well. And there's no tax advantage. Today, you can off-set exploration, drilling and piping. And if you're big enough, the costs are just moved from one pocket to the next since they're subsidiaries of the major holding companies. The big three account for nearly a trillion dollars a year in tax savings. And Obama just keeps trying to get it from the small players and the elderly.

Why do you think BP didn't blink an eye over the $220 Billion fund setup after the gulf spill or the $60 Billion fine on top of that. That's pocket change for them. They'll make that up in less than two weeks. Multiply that by the other two bigs and you might understand the amount of money that's moving around.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Ricks - Surf City on Wednesday, December 12, 2012 - 05:30 pm:

where's.teddy.roosevelt.when.we.really.need.him///


Top of pagePrevious messageNext messageBottom of page Link to this message  By Ted Dumas on Wednesday, December 12, 2012 - 06:41 pm:

I'll believe it when I see it.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Ken Kopsky, Lytle TX on Wednesday, December 12, 2012 - 08:16 pm:

That "tax savings" is to the corporations. I should have said it's a "tax loss" to the US. My mind was in corporate mode. Sorry.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Willie K Cordes on Wednesday, December 12, 2012 - 11:00 pm:

Steve, I can not help you, My Mother in law has a top, but I do not have any extra parts.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Aaron Griffey, Hayward Ca. on Thursday, December 13, 2012 - 11:27 am:

When hell freezes over they'll still be talking about $1.85 a gallon.
The dick taters are never gonna let it happen.
If gas got down to $1 a gallon the tax would be $2 and the average person would be so glad to have all that cheap gas.


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