GasBuddy Blog

Message Forum - Read Message

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: New Nation to Become No. 1 Oil Producer	Post a Reply Back to Topics

race2IT Champion Author Fort Worth Posts:1,776 Points:726,170 Joined:Oct 2008	Message Posted: Nov 19, 2012 2:54:47 PM Ignore race2IT Report Abuse Sorry OPEC. There’s a new heavy hitter in the oil markets and it’s not about to be pushed around by you. According to a new report from the IEA, the United States will overtake Saudi Arabia as the world's top oil producer by 2017. You read that right – the United States. The same report also said the United States would overtake Russia as the biggest gas producer by a significant margin by 2015. And by 2035, our reliance on Middle Eastern oil will be virtually non-existent as America will have become self-sufficient in all our energy needs. Sounds like Uncle Sam is about to play a very influential role in world energy markets, largely due to a new ability to tap unconventional sources. Visit CNBC for full article

race2IT

Champion Author
Fort Worth

Posts:1,776
Points:726,170
Joined:Oct 2008

Message Posted: Nov 19, 2012 2:54:47 PM

Ignore race2IT Report Abuse

Sorry OPEC. There’s a new heavy hitter in the oil markets and it’s not about to be pushed around by you.

According to a new report from the IEA, the United States will overtake Saudi Arabia as the world's top oil producer by 2017.

You read that right – the United States.

The same report also said the United States would overtake Russia as the biggest gas producer by a significant margin by 2015.

And by 2035, our reliance on Middle Eastern oil will be virtually non-existent as America will have become self-sufficient in all our energy needs.

Sounds like Uncle Sam is about to play a very influential role in world energy markets, largely due to a new ability to tap unconventional sources.
Visit CNBC for full article

REPLIES (newest first)Ignore Short Messages

52MPG Champion Author Dayton Posts:7,272 Points:1,742,905 Joined:Apr 2006	Message Posted: Nov 21, 2012 6:08:35 AM Ignore 52MPG Report Abuse Will it lower prices?
bston Champion Author Oklahoma City Posts:1,825 Points:644,000 Joined:Mar 2011	Message Posted: Nov 21, 2012 12:57:23 AM Ignore bston Report Abuse I hope so.
jrs4125 Champion Author Indiana Posts:2,768 Points:593,695 Joined:Sep 2011	Message Posted: Nov 21, 2012 12:24:39 AM Ignore jrs4125 Report Abuse This too shall pass.
DanMtz Champion Author Oakland Posts:3,360 Points:1,244,300 Joined:Oct 2009	Message Posted: Nov 20, 2012 8:13:36 PM Ignore DanMtz Report Abuse Middle Eastern politics should be interesting in the coming decades.
Pramodsharma Champion Author Richmond Posts:1,974 Points:388,140 Joined:Feb 2012	Message Posted: Nov 20, 2012 7:18:19 PM Ignore Pramodsharma Report Abuse Fantastic News, Why were we not getting these NEWS?
ss70 Champion Author Detroit Posts:9,677 Points:1,872,050 Joined:Sep 2005	Message Posted: Nov 20, 2012 10:39:20 AM Ignore ss70 Report Abuse what is the use .it is still expensive.
dabayer Champion Author New Hampshire Posts:2,753 Points:624,055 Joined:Oct 2005	Message Posted: Nov 20, 2012 8:01:12 AM Ignore dabayer Report Abuse Won't make a bit of a difference to our fuel costs. Most of that crude will go to the world market, sold at world market prices, and NOT benefit the US population. Unless you're a producer or speculator!
virostek Veteran Author Virginia Posts:423 Points:90,285 Joined:Oct 2012	Message Posted: Nov 20, 2012 7:15:23 AM Ignore virostek Report Abuse The 2035 is wishful thinking.
Wanda127 Champion Author Florida Posts:2,499 Points:916,755 Joined:May 2010	Message Posted: Nov 19, 2012 11:43:10 PM Ignore Wanda127 Report Abuse We may get there if we are not stopped by the Obama Admin.
eomc17 Champion Author Tucson Posts:1,822 Points:134,145 Joined:Mar 2007	Message Posted: Nov 19, 2012 10:11:38 PM Ignore eomc17 Report Abuse I'll believe it when I see it. So far the Obama administration has been lying through its teeth regarding our productions. The EIA reports can back that up, which also shows that we don't export nearly as much as our government claims we do. The Obama lies continue and most of us intelligent people know that Obama is a pathological liar.
bwp9970 Veteran Author Alabama Posts:254 Points:269,020 Joined:Nov 2010	Message Posted: Nov 19, 2012 10:06:03 PM Ignore bwp9970 Report Abuse We could be there sooner if obama would ok the drilling
jjjleblanc Champion Author Rochester Posts:5,882 Points:1,520,730 Joined:Jun 2008	Message Posted: Nov 19, 2012 10:05:51 PM Ignore jjjleblanc Report Abuse A lot can happen between now and then.
dh0770 Champion Author Colorado Posts:6,987 Points:672,460 Joined:Jun 2011	Message Posted: Nov 19, 2012 8:30:13 PM Ignore dh0770 Report Abuse Really think so with the socialists in government, the speculators on Wall Street, and the eco-terrorists!
exyouen Veteran Author Philadelphia Posts:322 Points:403,015 Joined:Jul 2011	Message Posted: Nov 19, 2012 8:02:01 PM Ignore exyouen Report Abuse drill your own oil
PathfinderSC Champion Author South Carolina Posts:9,526 Points:1,832,590 Joined:Mar 2008	Message Posted: Nov 19, 2012 7:36:58 PM Ignore PathfinderSC Report Abuse Ok if the USA becomes the number 1 oil producer, They can not blame OPEC FOR OUR HIGH gas prices. OH wait they can blame Bush.
qwerty17 Champion Author New Jersey Posts:3,660 Points:1,119,625 Joined:Oct 2009	Message Posted: Nov 19, 2012 6:45:26 PM Ignore qwerty17 Report Abuse time to join opec.
Lugi1967 Champion Author Ohio Posts:4,793 Points:1,003,220 Joined:Jun 2010	Message Posted: Nov 19, 2012 6:40:24 PM Ignore Lugi1967 Report Abuse old news
drpepperTX Champion Author Texas Posts:8,953 Points:754,120 Joined:Apr 2011	Message Posted: Nov 19, 2012 6:30:34 PM Ignore drpepperTX Report Abuse LOL, time for the EPA and the Eco-imperialist forces to ramp up the witch hunts on hydro-fracturing!
bcline909 Veteran Author Virginia Posts:401 Points:80,170 Joined:Nov 2012	Message Posted: Nov 19, 2012 6:10:33 PM Ignore bcline909 Report Abuse what will we do with it all?
kag2010 Champion Author Winnipeg Posts:5,264 Points:1,021,710 Joined:Apr 2010	Message Posted: Nov 19, 2012 6:03:52 PM Ignore kag2010 Report Abuse We are an oil producing nation.
beck12j All-Star Author Dayton Posts:971 Points:335,310 Joined:Mar 2011	Message Posted: Nov 19, 2012 5:46:31 PM Ignore beck12j Report Abuse ok
doggod Champion Author Anchorage Posts:2,858 Points:743,310 Joined:May 2009	Message Posted: Nov 19, 2012 5:44:29 PM Ignore doggod Report Abuse The politics of energy are about to go all over the place, and it's not on account of oil.
Tacodan Champion Author Cincinnati Posts:2,334 Points:655,370 Joined:Apr 2011	Message Posted: Nov 19, 2012 5:34:35 PM Ignore Tacodan Report Abuse old………
pscamp Champion Author Ottawa Posts:3,292 Points:476,935 Joined:May 2011	Message Posted: Nov 19, 2012 4:49:43 PM Ignore pscamp Report Abuse Really??
07skydriver Champion Author Ohio Posts:3,270 Points:984,285 Joined:Feb 2009	Message Posted: Nov 19, 2012 4:30:01 PM Ignore 07skydriver Report Abuse Glad Mhit won't be able to take credit.
fora_7 All-Star Author Montreal Posts:872 Points:208,455 Joined:Sep 2012	Message Posted: Nov 19, 2012 4:26:15 PM Ignore fora_7 Report Abuse If USA takes control of all oil from Iraq, maybe
hrjjml All-Star Author Florida Posts:586 Points:380,795 Joined:Feb 2012	Message Posted: Nov 19, 2012 3:54:30 PM Ignore hrjjml Report Abuse Not under Obummer's watch
WildmanMick Veteran Author North Carolina Posts:426 Points:316,540 Joined:May 2011	Message Posted: Nov 19, 2012 3:28:15 PM Ignore WildmanMick Report Abuse Not if our president has his way...
MikeCapeCoral Champion Author Cape Coral Posts:1,943 Points:421,795 Joined:Feb 2012	Message Posted: Nov 19, 2012 3:01:28 PM Ignore MikeCapeCoral Report Abuse I hope I live to see it. We are an oil producing nation.
humblepie Champion Author Toledo Posts:34,295 Points:2,373,320 Joined:Mar 2006	Message Posted: Nov 19, 2012 2:59:52 PM Ignore humblepie Report Abuse doubtful
Ouch06 Champion Author Michigan Posts:1,617 Points:1,433,335 Joined:Apr 2006	Message Posted: Nov 19, 2012 2:59:37 PM Ignore Ouch06 Report Abuse old news. Already had many articles about this a few weeks ago.