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US shale oil supply shock
shifts global power balance

BBC-UK, by Staff

Original Article

Posted By:Rafter, 5/14/2013 1:26:54 PM

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). {snip}The surge in US production will reshape the whole industry, according to the IEA {snip} 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.

Comments:
Whatever happened to "Peak Oil"... ?
Remember that... a few years ago... ?
Must have been yet another delusion by the
hallucinating Nancy Peyote and her friends.
Now we can anticipate Freak Oil... (ok, frack oil)...
And that´s freaking out the wacko-nuts, Big-Time.

      


Post Reply  

Reply 1 - Posted by: Dante, 5/14/2013 1:35:32 PM     (No. 9326754)

And this is with the disgraceful Feds still blocking access to a substantial amount of land.

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Reply 2 - Posted by: curious1, 5/14/2013 2:28:42 PM     (No. 9326882)

Yeah, they can block access to federal land, but not state land. Too bad, feddies.

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: oh-heck, 5/14/2013 2:42:37 PM     (No. 9326910)

Imagine if the administration hadn´t blocked drilling in Alaska, the Gulf of Mexico, and the east coast. If production in Alaska falls below a critical level, the pipeline will need to shut down, instantaneously stopping something like 300,000 barrels per day.

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Reply 4 - Posted by: pineledger, 5/14/2013 2:45:23 PM     (No. 9326919)

Nonetheless, prices are headed back up for Memorial Day weekend.

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Reply 5 - Posted by: Safari Man, 5/14/2013 2:52:38 PM     (No. 9326934)

This is good news. But can anyone recommend how we can invest to best take advantage of this?


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Reply 6 - Posted by: Submariner, 5/14/2013 3:14:23 PM     (No. 9326965)

#5: vote Republican or libertarian.

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Reply 7 - Posted by: Submariner, 5/14/2013 3:15:21 PM     (No. 9326968)

All kidding aside, invest in oil service companies like Halliburton or Schlumberger.

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Reply 8 - Posted by: artman1746, 5/14/2013 3:38:33 PM     (No. 9327018)

The left hates that the U.S. would become independent. And more prosperous.

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Posted By: Rafter- 12/11/2013 1:51:43 PM     Post Reply
Mack Brown denied a report issued Tuesday that he will be stepping down at Texas, though the embattled head football coach´s future with the Longhorns remains swirled in uncertainty. [snip] According to Orangebloods.com, Brown is expected to formally resign at Texas´ football banquet on Friday, with the event to serve as a celebration of his accomplishments during his 16 years with the Longhorns´ program. [snip] Brown restored the Longhorns back to national prominence by stringing together nine consecutive campaigns of double-digit wins from 2001-09.[snip] Brown´s 158 wins at Texas are the second-most in school history, surpassed only by Hall of

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Posted By: Rafter- 10/17/2013 8:25:23 PM     Post Reply
A Portland, Oregon man urinated in a Mt. Tabor reservoir Wednesday causing the city to take its critical water supply off line and dump millions in gallons of water. [Snip] officials saw five people throwing objects into the reservoir, while one person began to urinate into it [Snip] David Shaff, said that because of this incident, roughly 7.8 million gallons of drinking water will be discarded. He said the bureau often finds dead animals in the same drinking supply but the water isn’t dumped. “This is different,” Shaff told the newspaper. “Do you want to drink pee?"

   

 

B-G1


 
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R_DBL_B
  


 
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Posted By: KarenJ1- 4/17/2014 1:10:36 PM     Post Reply
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