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Old 06-14-2018, 04:41 AM  
HonestChieffan HonestChieffan is offline
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US Oil Industry on verge of a major expansion

Look what happens when American business is allowed to do amazing things and the Socialist policies of control, contain, and deny are lifted.

http://time.com/5187074/fracking-ene...l-natural-gas/

U.S. oil and natural gas is on the verge of transforming the world’s energy markets for a second time, further undercutting Saudi Arabia and Russia.

The widespread adoption of fracking in the U.S. opened billions of barrels of oil and trillions of cubic feet of natural gas to production and transformed the global energy sector in a matter of a few years. Now, a leading global energy agency says U.S. natural gas is about to do it again.

The International Energy Agency (IEA) said in a new forecast this week that growth in U.S. oil production will cover 80% of new global demand for oil in the next three years. U.S. oil production is expected to increase nearly 30% to 17 million barrels a day by 2023 with much of that growth coming from oil produced through fracking in West Texas.

“Non-OPEC supply growth is very, very strong, which will change a lot of parameters of the oil market in the next years to come,” Fatih Birol, the head of the International Energy Agency, told reporters at the CERAWeek energy conference hosted by IHS Markit. “We are going to see a major second wave of U.S. shale production coming.”

Republicans politicians and policymakers celebrated the news and sought to take credit for the development. Trump has sought to portray himself as a savior of the U.S. oil and gas industry, opening up federal lands to oil and gas development at a breakneck pace and undoing Obama-era climate regulations.

But analysts attributed the growth in U.S. production to market factors rather than Republican policy. In the report, the IEA forecast that higher oil prices and increased demand from China and India will trigger increased U.S. output to make up the gap. The IEA also predicts that demand for petrochemicals used in plastic will grow overall demand for oil.

Still, the White House sent out a press release highlighting the report on Monday. Republican Sen. Dan Sullivan of Alaska told reporters at CERAWeek that Republican dominated Washington has transformed the federal government from being “basically hostile” to oil and gas under President Obama to actively supporting the industry’s growth. (In reality, Obama promoted natural gas as part of an “all of the above” energy strategy and his signature climate change regulation would have benefited the fossil fuel.)

“There’s never been a more exciting time in the American energy sector,” Sullivan told oil and gas industry insiders. “The American energy renaissance that so many of you in this room are responsible for is now in full swing.”

A second rise in U.S. oil production comes with significant implications for both the global energy markets and geopolitics more broadly. The U.S. supply of oil and natural gas has contributed to political upheaval in the Middle East, creating new competition for oil exports, and in Russia, a leading supplier of natural gas to Europe.

Alexei Texler, Russia’s first deputy energy minister, acknowledged that U.S. shale “poses certain risk” Tuesday but said his country would continue collaborating with partners in Saudi Arabia and elsewhere in response.

“In a shale revolution world, no country is an island,” said Birol. “Everyone will be affected.”

More good info:

https://cleantechnica.com/2018/03/08...2023-says-iea/
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Old 06-14-2018, 08:02 AM   #2
chiefzilla1501 chiefzilla1501 is offline
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I'm all for deregulation. But it's hard to cry foul on socialism for one of the highest paid lobbying industries in the world that has bribed their way into killing energy alternatives.

I'm for deregulating oil. But let's not kid ourselves that saving oil and coal are "energy renaissance." it's a bandaid. If this doesn't get in the way of innovation, great. But I don't trust that that will happen. The future is in driverless. And I can see the oil industry making another last ditch effort to kill it.
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Old 06-14-2018, 10:57 AM   #3
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Old 06-14-2018, 11:29 AM   #4
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This is what I said a while back... That US Oil production would fuel China/India's energy needs for the next 50 years.

American Citizens don't seem to understand the GLUTE of Oil we have here. Not to mention we have the smartest/brightest/most high tech ways of maximizing it.

Saudi gets away with cheap production, meanwhile our fracking technology is opening OLD FIELDS up again to yield once more.
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Old 06-14-2018, 12:46 PM   #5
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The irony is the biggest thing that will keep oil companies from bleeding money is the regulations that are keeping and will continue to keep driverless cars off the road.
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Old 06-14-2018, 12:48 PM   #6
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Originally Posted by chiefzilla1501 View Post
I'm all for deregulation. But it's hard to cry foul on socialism for one of the highest paid lobbying industries in the world that has bribed their way into killing energy alternatives.
How have they killed energy alternatives?
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Old 06-14-2018, 01:04 PM   #7
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How have they killed energy alternatives?
Big oil and ethanol have aggressively lobbied against electric cars. They undoubtedly killed GMs first attempt at EV1. And it's hard to believe they aren't driving a lot of the misinformation campaign against new efforts for electric or autonomous. They have a huge motivation to kill it. It's not hard to figure out where their lobby priorities are.

I don't know if electric will ever have a sustainable market. But driverless will and it will be huge. I wonder if the same people who support this oil deregulation will monitor closely the misinformation and overregulation of driverless.
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Old 06-14-2018, 01:13 PM   #8
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Quote:
Originally Posted by chiefzilla1501 View Post
Big oil and ethanol have aggressively lobbied against electric cars. They undoubtedly killed GMs first attempt at EV1. And it's hard to believe they aren't driving a lot of the misinformation campaign against new efforts for electric or autonomous. They have a huge motivation to kill it. It's not hard to figure out where their lobby priorities are.

I don't know if electric will ever have a sustainable market. But driverless will and it will be huge. I wonder if the same people who support this oil deregulation will monitor closely the misinformation and overregulation of driverless.
Or I dn it's the distance those cars can go on one charge and how long it takes to charge them
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Old 06-14-2018, 01:33 PM   #9
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Old 06-14-2018, 01:35 PM   #10
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Or I dn it's the distance those cars can go on one charge and how long it takes to charge them
Then let it die on its own merit. Not by an orchestrated effort between big oil, big auto, and government to undermine it.
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Old 06-14-2018, 01:44 PM   #11
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Originally Posted by chiefzilla1501 View Post
Big oil and ethanol have aggressively lobbied against electric cars. They undoubtedly killed GMs first attempt at EV1. And it's hard to believe they aren't driving a lot of the misinformation campaign against new efforts for electric or autonomous. They have a huge motivation to kill it. It's not hard to figure out where their lobby priorities are.

I don't know if electric will ever have a sustainable market. But driverless will and it will be huge. I wonder if the same people who support this oil deregulation will monitor closely the misinformation and overregulation of driverless.
My recollection is that GM killed the EV1, because they only created it to comply with some goofy California requirement. Am I wrong?

And, how has "big oil" tried to kill energy alternatives?
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Old 06-14-2018, 01:58 PM   #12
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My recollection is that GM killed the EV1, because they only created it to comply with some goofy California requirement. Am I wrong?

And, how has "big oil" tried to kill energy alternatives?
Yes, ev1 was created because of a goofy California req. It was killed by a clear, coordinated effort between big oil, big auto, and government. It's birth and death was certainly not free market. Big oil spends over $100m per year on lobbying. You don't think a lot of that goes toward lobbying politicians for influence on legislation unfavorable to an energy alternative like electric cars? Or that they haven't spent millions per year on misinformation, even through politicians?

If we're going to argue that oil is too heavily regulated, we should certainly be scrutinizing what that $100m+ lobbying effort is doing to artificially influence the market.
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Old 06-14-2018, 02:08 PM   #13
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Yes, ev1 was created because of a goofy California req. It was killed by a clear, coordinated effort between big oil, big auto, and government. It's birth and death was certainly not free market. Big oil spends over $100m per year on lobbying. You don't think a lot of that goes toward lobbying politicians for influence on legislation unfavorable to an energy alternative like electric cars? Or that they haven't spent millions per year on misinformation, even through politicians?

If we're going to argue that oil is too heavily regulated, we should certainly be scrutinizing what that $100m+ lobbying effort is doing to artificially influence the market.
I see. It sounds like you really don't have any actual facts to show this attempt to kill energy alternatives. GM killed the EV1, not "big oil."

What misinformation do you think "big oil" has lied about?
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Old 06-14-2018, 02:54 PM   #14
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Old 06-14-2018, 03:26 PM   #15
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I see. It sounds like you really don't have any actual facts to show this attempt to kill energy alternatives. GM killed the EV1, not "big oil."

What misinformation do you think "big oil" has lied about?
Follow the patents and who controlled all the research. Wouldn't you agree that it's anti market monopolistic behavior for big oil and big auto, the two industries most motivated to kill electric cars, to hoard all the battery patents and then basically shelve them? Isn't it weird for oil companies to hoard patents on solar? Check out the documentary "who killed the electric car." very biased documentary but more than enough info to make you smell a rat. These are monopolistic behaviors.

The tide is changing because the game is changing. Amazing how quickly smartphone batteries become incredibly advanced overnight while car batteries have been stuck in mud. Amazing what happens when an outside industry motivated to make a technology work actually tries.
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