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Old 01-09-2013, 03:30 AM
 
9,007 posts, read 14,117,162 times
Reputation: 7643

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Bad news for everybody hoping $8 a gallon gas is going to kill the suburbs.

U.S. oil production is skyrocketing and is set to do so more in 2014. It is being said that the U.S. may not only be energy indpendent by 2030, but may become an oil exporting nation.

That's long-term. Of course, in the short-term, falling oil prices are expected for the U.S. and over time, geopolitical events should become less of a destabilizing factor in domestic oil prices.

So the question is, for a city whose engine depends heavily on cheap gas, what do you think it means?

U.S. oil production to jump 25 percent by 2014 - EIA | Reuters
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Old 01-09-2013, 05:41 AM
 
Location: Norman, OK
3,478 posts, read 7,275,607 times
Reputation: 1201
What do you mean 'falling oil prices are expected for the US'? Oil is traded on a global market.
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Old 01-09-2013, 06:07 AM
 
16 posts, read 40,084 times
Reputation: 19
This article seems written by someone who has never heard the actual arguments and positions of people who advocate energy independence. The point is to be independent not only from importing but from fossil fuels. At the very least, the author of the article is confused. The poster may be as well.

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Old 01-09-2013, 06:50 AM
 
Location: Kirkwood
23,726 posts, read 24,965,597 times
Reputation: 5703
Quote:
Originally Posted by ATLTJL View Post
Bad news for everybody hoping $8 a gallon gas is going to kill the suburbs.

U.S. oil production is skyrocketing and is set to do so more in 2014. It is being said that the U.S. may not only be energy indpendent by 2030, but may become an oil exporting nation.

That's long-term. Of course, in the short-term, falling oil prices are expected for the U.S. and over time, geopolitical events should become less of a destabilizing factor in domestic oil prices.

So the question is, for a city whose engine depends heavily on cheap gas, what do you think it means?

U.S. oil production to jump 25 percent by 2014 - EIA | Reuters
I don't think anyone was hoping for $8/gallon gas since it would raise the price on everything.
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Old 01-09-2013, 08:15 AM
 
10,974 posts, read 10,917,220 times
Reputation: 3435
Quote:
Originally Posted by wxjay View Post
What do you mean 'falling oil prices are expected for the US'? Oil is traded on a global market.
Yea. Oil is a global market. "Energy Independence" is mostly politics.

But we need to stop subsidizing gas. Apply taxes to cover any negative externalities of a give energy source and let the free market find the best energy source. If gas hits $8/gallon on its own, it is important to the economy because it will drive innovation in fuel efficiency and other energy sources.
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Old 01-09-2013, 08:26 AM
 
Location: Atlanta
3,573 posts, read 5,325,133 times
Reputation: 2396
Until we crack the code behind fusion power, "energy independence" will remain a figment of the human imagination for the foreseeable future.
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Old 01-09-2013, 08:32 AM
 
7,112 posts, read 10,162,360 times
Reputation: 1781
Quote:
Originally Posted by AcidSnake View Post
Until we crack the code behind fusion power, "energy independence" will remain a figment of the human imagination for the foreseeable future.
Really, nuclear fission power is the best way to go given our technology. Very high energy density source. France gets 75% of its electricity from nuclear power. We shouldn't be using our fossil fuels to generate electricity.
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Old 01-09-2013, 08:36 AM
 
7,112 posts, read 10,162,360 times
Reputation: 1781
Quote:
Originally Posted by wxjay View Post
What do you mean 'falling oil prices are expected for the US'? Oil is traded on a global market.
Supply and demand. If the US is taken out of the world oil market, because of self-sufficiency, there'll be an oil glut.
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Old 01-09-2013, 09:07 AM
 
Location: Kirkwood
23,726 posts, read 24,965,597 times
Reputation: 5703
Quote:
Originally Posted by MathmanMathman View Post
Supply and demand. If the US is taken out of the world oil market, because of self-sufficiency, there'll be an oil glut.
America will never be outta the world oil market. We have too many interest overseas to just walk away. Don't forget the billions of people that have became middle class in the last decade in developing countries.
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Old 01-09-2013, 09:13 AM
 
Location: Jawjah
2,468 posts, read 1,925,374 times
Reputation: 1100
Well we still have oil-rich Iran to invade. After Obama there will probably be a Republican president so it will then be time for that..
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