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Author Topic: Jeff Rubin: Why shale oil won’t save you at the pumps Back to Topics
dodge_rt
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Regina

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Message Posted: Nov 24, 2012 1:28:36 PM

JEFF RUBINPublished Thursday, Nov. 22, 2012 03:46PM EST

Last updated Thursday, Nov. 22, 2012 06:22PM EST

Move over OPEC: North America is about to become a net exporter of oil.

At least, that’s the word from the International Energy Agency’s latest outlook. According to the IEA, the drilling boom for shale oil in states like North Dakota is putting U.S. crude production on track to pass Saudi Arabia. North of the border, output from Alberta’s oil sands is expected to notch a similarly grand expansion.

But the agency’s rosy forecast isn’t all that it appears – and it certainly isn’t going to lead to a significant break at the pump for you.
Visit The Globe and Mail for full article
REPLIES (newest first) Post a Reply
DanMtz
Champion Author Oakland

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Message Posted: Nov 26, 2012 1:25:41 PM

What a gloomy outlook.
LetemEatCake
Champion Author Oklahoma City

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Message Posted: Nov 25, 2012 11:10:33 PM


This is an Opinion Piece.

That aside, this article does show that the price of oil is a very complex issue. It doesn't appear that it can be controlled by any single person.
StevenEveral
Rookie Author Washington

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Message Posted: Nov 25, 2012 10:56:11 PM

Ok
WalkingWV
Champion Author West Virginia

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Message Posted: Nov 25, 2012 10:29:04 PM

Because Wall St owns the pumps!
mitt4prez
Champion Author Tacoma

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Message Posted: Nov 25, 2012 2:37:03 PM

The consumer can also expect fewer American dollars flowing into the Inferno known as the Muddle East, terror is their greatest export.
merlinCO
Champion Author Colorado

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Message Posted: Nov 25, 2012 11:40:02 AM

Why is there no mandate to keep oil that comes from North America in North American?
TXRanger09
Champion Author Dallas

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Message Posted: Nov 25, 2012 11:15:43 AM

Much of what you write, Mr. Rubin, is correct. The best the consumer can hope for is more stable prices.
angel4me
Champion Author San Jose

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Message Posted: Nov 25, 2012 10:08:12 AM

yup.......
Lugi1967
Champion Author Ohio

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Message Posted: Nov 25, 2012 9:36:31 AM

Ok
oilfreak
All-Star Author Houston

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Message Posted: Nov 25, 2012 9:19:32 AM

I wouldn't be surprised if pump prices never came down even if we really did become energy independent.
remay
Champion Author Houston

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Message Posted: Nov 25, 2012 9:12:22 AM

"This is a fundamental economic tenet that continually confounds the geologists of the peak oil movement"

Really? I doubt they are "confounded".
gcalleja
Champion Author Miami

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Message Posted: Nov 25, 2012 9:01:15 AM

We'll have to wait and see.
TravelinMan52
Champion Author Augusta

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Message Posted: Nov 25, 2012 7:35:31 AM

A lot to look forward to; an abundance of oil here and higher pump prices also. What's the upside? We lose on both fronts...
Ticoman54
Champion Author Miami

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Message Posted: Nov 25, 2012 5:07:44 AM

Propaganda to justify further gouging...
djgunrunner
Champion Author Salt Lake City

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Message Posted: Nov 25, 2012 4:18:10 AM

Now I have to wonder if this author is in the pocket of Big Oil and he or she is trying to prime the pump and prepare us for the next round of continued gouging. I did not observe to much to do with Natural Gas which appears to be a Nemesis of crude in the fact that it about 1/3 to 1/2 the cost of gasoline and has no Ethanol. Wow, that is a double whammy.
equusheart
Rookie Author Riverside

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Message Posted: Nov 25, 2012 3:48:58 AM

More food for thought on a subject considerably more complex than it seems on the surface. But when all is said and done, will the side that can say "I told you so" really feel that good about it?
lesndave
Champion Author Texas

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Message Posted: Nov 25, 2012 12:57:37 AM

So he says.
MN1
Champion Author Twin Cities

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Message Posted: Nov 25, 2012 12:41:40 AM

No surprise. "Energy independence" is just an ad campaign used by Big Oil. It justifies their actions to skirt any inconvenient laws that make it more costly to deplete our natural resources and ship them to the highest bidder. GREED, pure and simple.
LilRedWagonIN
Champion Author Indiana

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Message Posted: Nov 25, 2012 12:37:25 AM

any relation to Jerry, as crazy.
LostInNY
Champion Author New York

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Message Posted: Nov 25, 2012 12:17:49 AM

What else is new...even though the oil is here, they're screwing the American consumers just to make a buck...
TripleHs
Champion Author Austin

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Message Posted: Nov 24, 2012 10:31:20 PM

high prices are not caused by demand as supply has been more than sufficient for a quite while
skinsfan125
Champion Author Virginia

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Message Posted: Nov 24, 2012 10:07:29 PM

ok
evowner
Champion Author Salem

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Message Posted: Nov 24, 2012 9:59:28 PM

Dropping natural gas prices plus alternative energy production from solar and wind could lead to cheaper electricity, thus more incentive for EV sales growth.
jjjleblanc
Champion Author Rochester

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Message Posted: Nov 24, 2012 9:50:38 PM

It's about not sending our money to the wrong people.
CocoPaz
Champion Author Santa Barbara

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Message Posted: Nov 24, 2012 7:39:05 PM

I wanna pony...

We are praying for those of you on the East Coast.

1/2 hour to go until the USC-Notre Dame game. Any odds out there?
ktbaeohana
Champion Author Las Vegas

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Message Posted: Nov 24, 2012 7:06:52 PM

watch and see.
mike56MI
Champion Author Michigan

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Message Posted: Nov 24, 2012 6:54:40 PM

OK
amoshins
Champion Author Trenton

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Message Posted: Nov 24, 2012 6:16:06 PM

I think there will be more jobs - it may help the wild swings in prices over the short term
RRBC
Champion Author Victoria

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Message Posted: Nov 24, 2012 6:13:14 PM

At least more jobs here?
WalkingWV
Champion Author West Virginia

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Message Posted: Nov 24, 2012 6:05:14 PM

Because Wall St owns the pumps.
cdrrod
Champion Author Wisconsin

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Message Posted: Nov 24, 2012 6:02:23 PM

Yeah, but it will sure make the profiteers happy...
investmentdr
Champion Author Cleveland

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Message Posted: Nov 24, 2012 6:01:54 PM

Leraar, good luck with that
leraar2
Champion Author Massachusetts

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Message Posted: Nov 24, 2012 5:56:05 PM

place EXPORT TARIFFS in these INTERNATIONAL OIL VULTURES.

build more refineries HERE and SELL IT HERE.
Eugenian
Champion Author Oregon

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Message Posted: Nov 24, 2012 5:51:55 PM

Another reason we must wean ourselves from fossil fuels.
dh0770
Champion Author Colorado

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Message Posted: Nov 24, 2012 5:40:14 PM

Of course not....there's money in them hills! Besides, speculators are disconnected from reality!

[Edited by: dh0770 at 11/24/2012 5:42:16 PM EST]
YaBassa
Champion Author Michigan

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Message Posted: Nov 24, 2012 5:28:29 PM

The pump price is never going down, greedy Big Oil wants its profits to soar
crep1291
Champion Author Ottawa

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Message Posted: Nov 24, 2012 5:18:23 PM

I have no doubt oil will get to 200$/barrel.
md11capt
Champion Author Denver

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Message Posted: Nov 24, 2012 5:13:03 PM

Your wallet is the only thing that gets broke at the pump.
HorizonChaser
Champion Author Montgomery

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Message Posted: Nov 24, 2012 4:51:29 PM

yawn
kag2010
Champion Author Winnipeg

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Message Posted: Nov 24, 2012 4:06:32 PM

All this stuff looks the same..
335d1
Champion Author Virginia

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Message Posted: Nov 24, 2012 3:55:38 PM

OK
EdWoods
Champion Author Maryland

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Message Posted: Nov 24, 2012 3:38:27 PM

Economists are like Doctors, Lawyers, and Fortune Cookies...... Every one is different, and you should always get a second opinion....
pilotmass
Champion Author Boston

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Message Posted: Nov 24, 2012 3:34:55 PM

Enjoy the pollution?
97beater
Veteran Author Madison

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Message Posted: Nov 24, 2012 3:11:39 PM

hopefully shale fracking goes away. so harmful to the enviroment.
wrunner
Champion Author Virginia

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Message Posted: Nov 24, 2012 3:00:04 PM

Consider the source.
Nicoalbum
Champion Author Ottawa

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Message Posted: Nov 24, 2012 2:57:58 PM

All this stuff looks like another propaganda promising a better wealth
bcline909
Veteran Author Virginia

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Message Posted: Nov 24, 2012 2:30:01 PM

no sig. break, bummer
humblepie
Champion Author Toledo

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Message Posted: Nov 24, 2012 2:10:21 PM

and we owe it all to george bush, thanks dubya
dodge_rt
Champion Author Regina

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Message Posted: Nov 24, 2012 1:30:59 PM

Even though the oil is produced here there will be no releif in the pump prices.
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