Page 1 of 2 12 LastLast
Results 1 to 15 of 22
  1. #1
    Addict
    Points: 70,449, Level: 82
    Level completed: 42%, Points required for next Level: 1,001
    Overall activity: 14.0%
    Achievements:
    VeteranCreated Album pictures50000 Experience Points

    Join Date
    Mar 2006
    Location
    Houston, TX
    Posts
    5,090
    Points
    70,449
    Level
    82
    Thumbs Up
    Received: 104
    Given: 167

    USA Predicted To Be World's Largest Oil Producer By 2020

    U.S. to overtake Saudi as top oil producer: IEA | Reuters

    "Energy developments in the United States are profound and their effect will be felt well beyond North America - and the energy sector," the IEA said in the annual long-term report.


    "We are first and foremost an educational institution that values integrity, honesty and treating others with fairness and respect".

    -ISU President Gregory Geoffroy; circa May 2003.

  2. #2
    Addict
    Points: 174,025, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0%
    Achievements:
    SocialVeteran50000 Experience Points
    RayShimley's Avatar
    Join Date
    Sep 2008
    Location
    Montreal, QC
    Posts
    6,039
    Points
    174,025
    Level
    100
    Thumbs Up
    Received: 73
    Given: 30

    Re: USA Predicted To Be World's Largest Oil Producer By 2020

    Quote Originally Posted by Go2Guy View Post
    U.S. to overtake Saudi as top oil producer: IEA | Reuters

    "Energy developments in the United States are profound and their effect will be felt well beyond North America - and the energy sector," the IEA said in the annual long-term report.
    Great news.




  3. #3
    Speechless
    Points: 489,629, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 44.0%
    Achievements:
    SocialVeteran50000 Experience Points
    jdoggivjc's Avatar
    Join Date
    Sep 2006
    Location
    Sterling Heights, MI
    Posts
    33,031
    Points
    489,629
    Level
    100
    Thumbs Up
    Received: 1,158
    Given: 822

    Re: USA Predicted To Be World's Largest Oil Producer By 2020

    And gas prices will still hover around $4.00.


    Chuck Lidell: I paint my toenails with pink and black polish. Problem is, I get more paint on my toes and on the carpet than on my nails. Any advice?
    Maria Sharapova: Don't you beat up other guys for a living? I don't know how to answer this.



  4. #4
    Pro
    Points: 86,944, Level: 91
    Level completed: 74%, Points required for next Level: 506
    Overall activity: 5.0%
    Achievements:
    50000 Experience PointsVeteran
    VTXCyRyD's Avatar
    Join Date
    Sep 2010
    Posts
    3,288
    Points
    86,944
    Level
    91
    Thumbs Up
    Received: 162
    Given: 72

    Re: USA Predicted To Be World's Largest Oil Producer By 2020

    And now we know why the price of oil has been increasing. I'm sure someone in the government saw this coming years ago.



  5. #5
    Addict
    Points: 70,449, Level: 82
    Level completed: 42%, Points required for next Level: 1,001
    Overall activity: 14.0%
    Achievements:
    VeteranCreated Album pictures50000 Experience Points

    Join Date
    Mar 2006
    Location
    Houston, TX
    Posts
    5,090
    Points
    70,449
    Level
    82
    Thumbs Up
    Received: 104
    Given: 167

    Re: USA Predicted To Be World's Largest Oil Producer By 2020

    Quote Originally Posted by jdoggivjc View Post
    And gas prices will still hover around $4.00.
    Because we need more refining capacity.


    "We are first and foremost an educational institution that values integrity, honesty and treating others with fairness and respect".

    -ISU President Gregory Geoffroy; circa May 2003.

  6. #6
    Speechless
    Points: 558,797, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 9.0%
    Achievements:
    Social50000 Experience PointsOverdriveVeteranRecommendation Second Class
    ISUAgronomist's Avatar
    Join Date
    Nov 2009
    Location
    Back in Iowa!!!!!!!!
    Posts
    21,490
    Points
    558,797
    Level
    100
    Thumbs Up
    Received: 334
    Given: 166

    Re: USA Predicted To Be World's Largest Oil Producer By 2020

    This shouldn't come as any surprise. "Use theirs first." That's been our policy for decades.




  7. #7
    Addict
    Points: 174,025, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0%
    Achievements:
    SocialVeteran50000 Experience Points
    RayShimley's Avatar
    Join Date
    Sep 2008
    Location
    Montreal, QC
    Posts
    6,039
    Points
    174,025
    Level
    100
    Thumbs Up
    Received: 73
    Given: 30

    Re: USA Predicted To Be World's Largest Oil Producer By 2020

    Quote Originally Posted by ISUAgronomist View Post
    This shouldn't come as any surprise. "Use theirs first." That's been our policy for decades.
    And it's going to pay off big time for the next few decades.




  8. #8
    Addict
    Points: 70,449, Level: 82
    Level completed: 42%, Points required for next Level: 1,001
    Overall activity: 14.0%
    Achievements:
    VeteranCreated Album pictures50000 Experience Points

    Join Date
    Mar 2006
    Location
    Houston, TX
    Posts
    5,090
    Points
    70,449
    Level
    82
    Thumbs Up
    Received: 104
    Given: 167

    Re: USA Predicted To Be World's Largest Oil Producer By 2020

    Quote Originally Posted by ISUAgronomist View Post
    This shouldn't come as any surprise. "Use theirs first." That's been our policy for decades.
    until the developments of hydrofracking techniques, the oil & gas from these tight shale formations could not be extracted by conventional means. we had to use others because we couldn't get to ours.



  9. #9
    Hall-Of-Famer
    Points: 72,083, Level: 83
    Level completed: 38%, Points required for next Level: 1,067
    Overall activity: 2.0%
    Achievements:
    SocialVeteran50000 Experience Points
    Bader's Avatar
    Join Date
    Jul 2007
    Location
    Ankeny
    Posts
    4,438
    Points
    72,083
    Level
    83
    Thumbs Up
    Received: 47
    Given: 40

    Re: USA Predicted To Be World's Largest Oil Producer By 2020

    Quote Originally Posted by Go2Guy View Post
    Because we need more refining capacity.
    False, because they know we'll pay it



  10. #10
    Addict
    Points: 174,025, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0%
    Achievements:
    SocialVeteran50000 Experience Points
    RayShimley's Avatar
    Join Date
    Sep 2008
    Location
    Montreal, QC
    Posts
    6,039
    Points
    174,025
    Level
    100
    Thumbs Up
    Received: 73
    Given: 30

    Re: USA Predicted To Be World's Largest Oil Producer By 2020

    Quote Originally Posted by Go2Guy View Post
    until the developments of hydrofracking techniques, the oil & gas from these tight shale formations could not be extracted by conventional means. we had to use others because we couldn't get to ours.
    There was no economic incentive to develop and implement that technology when we were getting cheap oil from the Middle East. The story in your link is talking about economic forecasts going out almost a decade. A decade ago the cost of gas in the U.S. was a buck and a half (inflation adjusted).




  11. #11
    Legend
    Points: 205,542, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 15.0%
    Achievements:
    Veteran50000 Experience Points
    jbhtexas's Avatar
    Join Date
    Oct 2006
    Location
    Arlington, TX
    Posts
    11,011
    Points
    205,542
    Level
    100
    Thumbs Up
    Received: 314
    Given: 197

    Re: USA Predicted To Be World's Largest Oil Producer By 2020

    Quote Originally Posted by Go2Guy View Post
    Because we need more refining capacity.
    Because US refiners sell gasoline and diesel overseas where they can make more money.

    U.S. refiners send gas overseas - Times Union


    "Don't worry Boss...they can't do nothin' 'til they're through sparklin'..."

    Avatar - America's new superhero...Cenex Guy

  12. #12
    Addict
    Points: 70,449, Level: 82
    Level completed: 42%, Points required for next Level: 1,001
    Overall activity: 14.0%
    Achievements:
    VeteranCreated Album pictures50000 Experience Points

    Join Date
    Mar 2006
    Location
    Houston, TX
    Posts
    5,090
    Points
    70,449
    Level
    82
    Thumbs Up
    Received: 104
    Given: 167

    Re: USA Predicted To Be World's Largest Oil Producer By 2020

    Quote Originally Posted by Bader View Post
    False, because they know we'll pay it
    You don't think there's been a decline in refining capacity, or refineries shutting down, or lack of refinery expansion in the US?


    "We are first and foremost an educational institution that values integrity, honesty and treating others with fairness and respect".

    -ISU President Gregory Geoffroy; circa May 2003.

  13. #13
    Hall-Of-Famer
    Points: 72,083, Level: 83
    Level completed: 38%, Points required for next Level: 1,067
    Overall activity: 2.0%
    Achievements:
    SocialVeteran50000 Experience Points
    Bader's Avatar
    Join Date
    Jul 2007
    Location
    Ankeny
    Posts
    4,438
    Points
    72,083
    Level
    83
    Thumbs Up
    Received: 47
    Given: 40

    Re: USA Predicted To Be World's Largest Oil Producer By 2020

    Quote Originally Posted by Go2Guy View Post
    You don't think there's been a decline in refining capacity, or refineries shutting down, or lack of refinery expansion in the US?
    I personally don't know the answer to that but it doesn't matter; I'm saying that increasing refining capacity will have little to no impact on the price of gas



  14. #14
    Addict
    Points: 70,449, Level: 82
    Level completed: 42%, Points required for next Level: 1,001
    Overall activity: 14.0%
    Achievements:
    VeteranCreated Album pictures50000 Experience Points

    Join Date
    Mar 2006
    Location
    Houston, TX
    Posts
    5,090
    Points
    70,449
    Level
    82
    Thumbs Up
    Received: 104
    Given: 167

    Re: USA Predicted To Be World's Largest Oil Producer By 2020

    Quote Originally Posted by Bader View Post
    I personally don't know the answer to that but it doesn't matter; I'm saying that increasing refining capacity will have little to no impact on the price of gas
    Gotchya. Price of gas aside, if the US does reach this expected production of crude oil, without any expansion of refining capacity, we'll have to export this excess of crude else where.


    "We are first and foremost an educational institution that values integrity, honesty and treating others with fairness and respect".

    -ISU President Gregory Geoffroy; circa May 2003.

  15. #15
    Starter
    Points: 20,855, Level: 44
    Level completed: 12%, Points required for next Level: 795
    Overall activity: 0%
    Achievements:
    Veteran10000 Experience PointsSocial
    BringBackJohnny's Avatar
    Join Date
    Feb 2009
    Location
    Ames
    Posts
    805
    Points
    20,855
    Level
    44
    Thumbs Up
    Received: 45
    Given: 20

    Re: USA Predicted To Be World's Largest Oil Producer By 2020

    Enegry independence seems to be on the horizon. I think we need to continue to look for viable renewable energry sources to continue to reduce our enviornmental footprint on the Earth. With the increasing population things could get hairy in the future.


    Smoke um if you got um

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • TV: FS1
  • FOOTBALL: Iowa State vs. West Virginia
  • November 29, 2014
  • 11:00 AM