GasBuddy Blog

Message Forum - Read Message

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

Author	Topic: U.S. forecast as No. 2 economy, but energy independent	Post a Reply Back to Topics

angel4me Champion Author San Jose Posts:2,814 Points:795,295 Joined:Dec 2010	Message Posted: Dec 11, 2012 3:33:14 AM Ignore angel4me Report Abuse Washington - A new intelligence assessment of global trends projects that China will outstrip the United States as the leading economic power before 2030, but that America will remain an indispensable world leader, bolstered in part by an era of energy independence. Russia's clout will wane, as will the economic strength of other countries reliant on oil for revenue, the assessment says. The product of four years of intelligence-gathering and analysis, the study, by the National Intelligence Council, presents grounds for optimism and pessimism in nearly equal measure. The council reports to the director of national intelligence and has responsibilities for long-term strategic analysis. "The spectacular rise of Asian economies is dramatically altering .?.?. U.S. influence," said Visit Journal Sentinel for full article

angel4me

Champion Author
San Jose

Posts:2,814
Points:795,295
Joined:Dec 2010

Message Posted: Dec 11, 2012 3:33:14 AM

Ignore angel4me Report Abuse

Washington - A new intelligence assessment of global trends projects that China will outstrip the United States as the leading economic power before 2030, but that America will remain an indispensable world leader, bolstered in part by an era of energy independence.

Russia's clout will wane, as will the economic strength of other countries reliant on oil for revenue, the assessment says.

The product of four years of intelligence-gathering and analysis, the study, by the National Intelligence Council, presents grounds for optimism and pessimism in nearly equal measure. The council reports to the director of national intelligence and has responsibilities for long-term strategic analysis.

"The spectacular rise of Asian economies is dramatically altering .?.?. U.S. influence," said
Visit Journal Sentinel for full article

REPLIES (newest first)Ignore Short Messages

First

Next Last

LetemEatCake Champion Author Oklahoma City Posts:5,596 Points:1,205,480 Joined:Mar 2008	Message Posted: Dec 12, 2012 11:13:43 PM Ignore LetemEatCake Report Abuse 52mpg...what a hoot! Gimme some proof before blowing your mouth off!
scu227 Champion Author New Haven Posts:4,152 Points:772,730 Joined:Feb 2011	Message Posted: Dec 12, 2012 8:30:01 AM Ignore scu227 Report Abuse When you are #2 you try harder.
DanMtz Champion Author Oakland Posts:3,355 Points:1,243,325 Joined:Oct 2009	Message Posted: Dec 11, 2012 10:59:25 PM Ignore DanMtz Report Abuse No doubt we'll still be borrowing money from China in 2030.
andy1024 Champion Author Allentown Posts:1,702 Points:448,150 Joined:Dec 2011	Message Posted: Dec 11, 2012 10:24:40 PM Ignore andy1024 Report Abuse With the mounting debt, broken infrastructure, rampant greed in Wall Street, US will be lucky just to keep up. Every politician is paying lip service but sadly there is no action to change status quo.
bwatchingu Champion Author Arkansas Posts:1,740 Points:601,520 Joined:Jan 2009	Message Posted: Dec 11, 2012 6:11:40 PM Ignore bwatchingu Report Abuse interesting
PDQBlues Champion Author San Diego Posts:7,074 Points:1,448,325 Joined:Jan 2009	Message Posted: Dec 11, 2012 1:12:17 PM Ignore PDQBlues Report Abuse 52MPG: I bet BO wants the US lower than number 2. That's a bet you loose. So far, many of these political predictions have been wrong.
52MPG Champion Author Dayton Posts:7,267 Points:1,742,680 Joined:Apr 2006	Message Posted: Dec 11, 2012 11:31:08 AM Ignore 52MPG Report Abuse I bet BO wants the US lower than number 2.
JDchefF Champion Author Lancaster Posts:1,050 Points:229,245 Joined:Aug 2012	Message Posted: Dec 11, 2012 11:23:55 AM Ignore JDchefF Report Abuse National Intelligence, yeah right! Not with the current politicians in office.
darkform Veteran Author Illinois Posts:352 Points:368,760 Joined:May 2011	Message Posted: Dec 11, 2012 11:06:27 AM Ignore darkform Report Abuse interesting
orphancarguyPE Champion Author PEI Posts:3,848 Points:735,765 Joined:Jan 2011	Message Posted: Dec 11, 2012 10:49:35 AM Ignore orphancarguyPE Report Abuse Energy independence? Based on a LOT of assumptions, all of them going favourably. There might be an 'overall' net independence on 'total' energy, but that does NOT mean the US will not be still importing a lot of crude oil, and very very heavily dependent on that imported crude oil to make certain liquid fuels which, if they were not there in sufficient quantity, everything would grind to a halt. Unless there is a massive and almost magical shift away from using liquid fuels for heating and transportation, the US will still be importing crude oil. Think tight oil will magically replace all the imported oil, in the next few years? Half an hour of checking out stats, a calculator, and some common sense will dispel that little myth. Fracked oil is a very tiny portion of all the oil used, and a tiny portion of the imported oil, and while the growth is impressive, it is a very tall mountain to climb just to replace the 'currently imported' portion. Flatout--20+ years, possibly up to 30 years...and that assumes that the existing domestic conventional oil doesn't decline in the meantime which it definitely will and is definitely doing right now. So, instead of 20 years, there is an equivalent of 40-50 years to replace all imported and all (by then dead, used up) conventional oil, and again, at the current flat out rate, and also if the horrendous and growing problems of infrastructure, water, transport, manpower, money for endless investment can all be magically whisked away. Hydrogen fuel cells? Never--just for show, like turbine cars or flying cars, to point out it could be done, technically--if you ignore cost and utility. First of all, how and from what are you going to get the pure hydrogen? Come back when you have rearranged all the laws of physics that will make pure hydrogen on earth both cheap and plentiful. Lots of nuclear? Possibly, but not probably. Nuclear is fine when it is built and running. Its building it, and even worse, re-building at the end of its useful life, that is incredibly expensive. Have a local plant that cost more to re-outfit for another 25-30 years than it cost to build in the first place...over $2 Billion and counting. Natural gas? Lovely--yes, it will replace some liquid fuels, but you can't fly airplanes with it, and its very low energy compared to liquid fuels. Think of a fireplace--run out of nice dry aged oak and maple just in time for winter? No problem--just spend every day cutting down poplar and birch and no need for it to dry--it'll burn when green. Doesn't provide much heat and doesn't last any time, but the exercise will keep you warm! That, in a sentence is the promise of natural gas replacing liquid fuels made from crude oil or from biological equivalents. You will, like burning green wood, also need a lot more of it to do the same work as a liquid fuel, because gases just have a lot less energy than the liquid fuels. The only way the US will be oil independent--because that is the real prize--is if the transportation sector switches massively to electric. Electric cars-hybrid plug-in electrics at over 80% of all vehicles on road, Electric trolley buses and streetcars and subways, electric powered freight and passenger trains, and very little air travel. Above all, there would have to be at least some PV electric panels on each roof to charge up all the electric vehicles. Won't need as many as if you were running everything in your house on them, but about 3-4 should do it per vehicle, just to save grid load from an extreme massive shift in use from gasoline/diesel/and natural gas, to electric.
BlueVanGroup Champion Author Colorado Posts:7,204 Points:1,528,495 Joined:May 2008	Message Posted: Dec 11, 2012 10:20:16 AM Ignore BlueVanGroup Report Abuse This article assumes a miracle will occur, and we won't collapse under the weight of unprecedented debt.
bruin19MD Champion Author Maryland Posts:1,064 Points:164,450 Joined:Feb 2011	Message Posted: Dec 11, 2012 10:06:55 AM Ignore bruin19MD Report Abuse Interesting article
OTISFL Champion Author Pensacola Posts:4,610 Points:865,815 Joined:Apr 2009	Message Posted: Dec 11, 2012 10:04:35 AM Ignore OTISFL Report Abuse I agree with 'Car253'
eschroth442 Champion Author Cleveland Posts:1,079 Points:332,745 Joined:Nov 2011	Message Posted: Dec 11, 2012 9:51:58 AM Ignore eschroth442 Report Abuse just someone's or a groups opinion
fora_7 All-Star Author Montreal Posts:862 Points:206,405 Joined:Sep 2012	Message Posted: Dec 11, 2012 9:50:54 AM Ignore fora_7 Report Abuse Hard to beat China. Who would accept to earn in a month what we earn here in a day. But the country is getting very rich...
bcline909 Veteran Author Virginia Posts:401 Points:80,170 Joined:Nov 2012	Message Posted: Dec 11, 2012 9:15:13 AM Ignore bcline909 Report Abuse oh china
scu227 Champion Author New Haven Posts:4,152 Points:772,730 Joined:Feb 2011	Message Posted: Dec 11, 2012 9:15:11 AM Ignore scu227 Report Abuse OK
car253 Champion Author Ohio Posts:6,298 Points:1,469,595 Joined:Oct 2008	Message Posted: Dec 11, 2012 9:09:43 AM Ignore car253 Report Abuse With Obama we will be lucky not to fall to Third World status.
evowner Champion Author Salem Posts:2,182 Points:359,260 Joined:May 2012	Message Posted: Dec 11, 2012 9:06:02 AM Ignore evowner Report Abuse National Intelligence Council four year study seems to be reporting a reasonable finding according to facts in the news.
cheapchickKY Champion Author Lexington Posts:4,022 Points:797,265 Joined:Jan 2011	Message Posted: Dec 11, 2012 8:49:24 AM Ignore cheapchickKY Report Abuse Opinion presented as fact.
Eagle3236 Champion Author Missouri Posts:1,153 Points:210,150 Joined:Oct 2012	Message Posted: Dec 11, 2012 8:41:16 AM Ignore Eagle3236 Report Abuse Hopefully we can remain #1 economy. Low energy prices would help us! We need to build the Keystone pipeline ASAP. Also building more nuclear power plants would be helpful.
coughlin Champion Author San Jose Posts:5,190 Points:1,118,840 Joined:Sep 2009	Message Posted: Dec 11, 2012 8:40:29 AM Ignore coughlin Report Abuse Young people should learn Mandarin.
lcleveland Champion Author San Antonio Posts:2,666 Points:652,025 Joined:May 2011	Message Posted: Dec 11, 2012 8:26:45 AM Ignore lcleveland Report Abuse USA will always be #1
amoshins Champion Author Trenton Posts:2,200 Points:642,470 Joined:Apr 2011	Message Posted: Dec 11, 2012 8:18:43 AM Ignore amoshins Report Abuse makes sense
wrunner Champion Author Virginia Posts:4,445 Points:1,137,335 Joined:Dec 2009	Message Posted: Dec 11, 2012 8:13:21 AM Ignore wrunner Report Abuse Not a surprise, it is.
GingoutMD Champion Author Maryland Posts:3,495 Points:713,305 Joined:Jan 2010	Message Posted: Dec 11, 2012 8:11:56 AM Ignore GingoutMD Report Abuse China has been on the upward move for decades and Obama has nothing to do with this issue. In fact, if Bush hadn't sent us into an economic spiral and made the taxpayers pay for two wars with no funding we may not have been in this boat, but then again, I doubt it would have mattered.
graceman Champion Author Baltimore Posts:4,968 Points:1,158,725 Joined:Jun 2008	Message Posted: Dec 11, 2012 8:09:42 AM Ignore graceman Report Abuse Hopefully this wont happen.
Evilmaddog Champion Author British Columbia Posts:3,322 Points:957,550 Joined:Aug 2010	Message Posted: Dec 11, 2012 8:03:34 AM Ignore Evilmaddog Report Abuse government speculation
katmandue Champion Author Detroit Posts:8,071 Points:2,134,120 Joined:Jul 2006	Message Posted: Dec 11, 2012 7:55:22 AM Ignore katmandue Report Abuse No such thing as energy independence.
amerk73 Champion Author Dallas Posts:7,053 Points:1,622,015 Joined:Oct 2008	Message Posted: Dec 11, 2012 7:53:42 AM Ignore amerk73 Report Abuse no more oil 2030
brbaritone Champion Author Virginia Posts:2,068 Points:1,698,060 Joined:Jan 2007	Message Posted: Dec 11, 2012 7:46:58 AM Ignore brbaritone Report Abuse Will this 'energy independence' result in lower prices?
doeslayersr Champion Author Illinois Posts:9,121 Points:872,230 Joined:Dec 2010	Message Posted: Dec 11, 2012 7:45:59 AM Ignore doeslayersr Report Abuse I am sure the current administration is tickled of bringing down the USA a notch.
dandvicb Champion Author Bridgeport Posts:1,232 Points:1,076,955 Joined:Jul 2004	Message Posted: Dec 11, 2012 7:41:55 AM Ignore dandvicb Report Abuse Thanks Obuma!!
Yooperheart Champion Author Michigan Posts:3,425 Points:528,000 Joined:Feb 2010	Message Posted: Dec 11, 2012 7:30:28 AM Ignore Yooperheart Report Abuse Welcome to the Third world.
gfox4810 Champion Author Kalamazoo Posts:1,191 Points:396,725 Joined:Jul 2011	Message Posted: Dec 11, 2012 7:21:09 AM Ignore gfox4810 Report Abuse Don't blame me...I didn't vote for him.
Joeski1 Champion Author New Jersey Posts:10,006 Points:1,742,810 Joined:Dec 2004	Message Posted: Dec 11, 2012 7:13:37 AM Ignore Joeski1 Report Abuse I'll make a note of it.
gs7101 Champion Author San Antonio Posts:5,528 Points:388,895 Joined:Jun 2009	Message Posted: Dec 11, 2012 7:10:40 AM Ignore gs7101 Report Abuse Never count out the United States of America!
gcalleja All-Star Author Miami Posts:919 Points:550,945 Joined:May 2011	Message Posted: Dec 11, 2012 6:58:37 AM Ignore gcalleja Report Abuse But aren't the Chinese buying all of our oil assets too?
MImusicman Champion Author Michigan Posts:1,878 Points:408,650 Joined:Mar 2012	Message Posted: Dec 11, 2012 6:52:42 AM Ignore MImusicman Report Abuse Sooner if the Prez as his way
Nancy&Len Champion Author Cleveland Posts:2,058 Points:1,946,790 Joined:Sep 2004	Message Posted: Dec 11, 2012 6:38:05 AM Ignore Nancy&Len Report Abuse It will actually happen much sooner with the current and planned future economic policies of this administration.
Straitliner Champion Author Illinois Posts:1,505 Points:238,500 Joined:Sep 2012	Message Posted: Dec 11, 2012 6:18:52 AM Ignore Straitliner Report Abuse Thats a good way to describe it, a #2, you all know what it means to go #2?
pscamp Champion Author Ottawa Posts:3,285 Points:475,960 Joined:May 2011	Message Posted: Dec 11, 2012 6:15:45 AM Ignore pscamp Report Abuse Really??
yardslave Champion Author Oklahoma City Posts:2,560 Points:597,780 Joined:Dec 2005	Message Posted: Dec 11, 2012 6:11:26 AM Ignore yardslave Report Abuse Ok...
TxMtb Champion Author Ohio Posts:1,540 Points:344,330 Joined:Feb 2012	Message Posted: Dec 11, 2012 5:59:57 AM Ignore TxMtb Report Abuse Like we didn't see this one coming.
OHIO50 All-Star Author Denver Posts:876 Points:1,020,750 Joined:Mar 2010	Message Posted: Dec 11, 2012 5:57:11 AM Ignore OHIO50 Report Abuse Surprise.
N1SJK Sophomore Author New Hampshire Posts:235 Points:487,110 Joined:Apr 2011	Message Posted: Dec 11, 2012 5:52:23 AM Ignore N1SJK Report Abuse Who's surprised?
pilotmass Champion Author Boston Posts:1,831 Points:502,835 Joined:Jul 2011	Message Posted: Dec 11, 2012 5:16:29 AM Ignore pilotmass Report Abuse Energy sources the new world economic weapon. And our Arsenal is loaded!
werich44 Champion Author California Posts:1,860 Points:469,140 Joined:Jun 2011	Message Posted: Dec 11, 2012 5:03:28 AM Ignore werich44 Report Abuse Be sure to thank King obama.
Pozole Champion Author Portland Posts:9,602 Points:1,595,495 Joined:Mar 2005	Message Posted: Dec 11, 2012 4:59:19 AM Ignore Pozole Report Abuse ...no one can stay on top [oppress] forever...
grandpadon28110 Champion Author Charlotte Posts:4,721 Points:1,143,285 Joined:Sep 2008	Message Posted: Dec 11, 2012 4:57:05 AM Ignore grandpadon28110 Report Abuse Bad.