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  Topic: Major changes from oil revolution
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Major changes from oil revolution
Washington Times, by Patrice Hill

Original Article

Posted By:Dreadnought, 2/4/2013 10:51:47 PM

For Americans who came of age in an era marked by worries about scarce world oil supplies, dominant international oil cartels and unrest in the Middle East, the times are changing — quickly. Technologies bred in America are unlocking reserves of oil that for decades were considered out of reach. With oil production from shale rock, oil sands and deep-sea drilling booming in the U.S., Canada, Brazil and elsewhere, worries about Middle East-based oil cartels and vulnerable Persian Gulf supply lines are close to becoming things of the past.

      


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Reply 1 - Posted by: wsdiego, 2/4/2013 10:59:50 PM     (No. 9158837)

You don´t hear the term, Peak Oil anymore!

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Reply 2 - Posted by: bob913, 2/4/2013 11:32:15 PM     (No. 9158881)

This article tries to credit obama for this.

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Reply 3 - Posted by: veritas, 2/4/2013 11:55:31 PM     (No. 9158908)

We have no idea what our oil reserves are, and less what they might really be.

Gov´t has taken many steps to create this ignorance. No exploration off the US east coast allowed since the 1970s. Areas of the US across the country put off-limits to exploration and drilling. No drilling off California, and more obstacles.

And don´t forget that formerly-depleted oil fields have had seen new oil [which is chemically-different from the original oil found there] appear in them. Earth´s still making the stuff.

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Reply 4 - Posted by: lil dotty, 2/5/2013 12:01:54 AM     (No. 9158912)

Mother Earth is a surprising old witch. She is still creating black gold? She cleans her oceans of flowing oil, She even rearranges the land mass and lets off steam now and again.

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Reply 5 - Posted by: jl80863, 2/5/2013 12:20:29 AM     (No. 9158926)

In that the Department of Energy was created to lessen our dependence on foreign oil and private business has solved the matter, how about eliminating the department that was incapable of of solving the problem and save the US taxpayers billions of dollars.

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Reply 6 - Posted by: Grambo, 2/5/2013 1:28:49 AM     (No. 9158961)

It’s such great fun watching Obamie trying to bottle up all this new energy in order to save his ME friends.

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Reply 7 - Posted by: Spidey, 2/5/2013 4:43:37 AM     (No. 9159035)

I don´t buy this story at all.The saudis and other OPEC countries still have a virtual monopoly on the world´s oil supply and nickel and dime oil contributions from elsewhere isn´t going to change that.

Iraq is really the key on flooding the market with oil that would drop prices but they can always send some insurgents in there to sabotage the machinery.

From what I remember,Iraq bought in Chinese contractors to build up their oil infrastructure and they have gotten some results but internal political rivals in Iraq are holding things back.There´s still a lot of Saddam´s thug ministers running the government there,who don´t want to share the wealth.Iran´s meddling makes things that much worse.

But anyway,supply and demand are non factors in the oil world anymore,it comes down to some fat cat,left wing futures manipulators that set prices,regardless of supply.

Even if you have oil tankers as far as the eye an see,there´s not enough refining capacity and Obama wouldn´t dare let a new refinery be built,even though it would be more efficient and less polluting.

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Reply 8 - Posted by: mws50, 2/5/2013 6:03:37 AM     (No. 9159069)

South Texas and North Dakota are showing the USA what is possible in oil production.

We could expand our refineries if we eliminated the EPA´s ridiculous and onerous air pollution regulations that attempts to make Houston´s air cleaner than the air found deep within the Amazon River rain forests.

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