USA, the world's largest oil producer?

Yep. That's where we are heading:

U.S. to become world's largest oil producer before 2020, IEA says

The U.S. will become the world’s top producer of oil within five years, a net exporter of the fuel around 2030 and nearly self-sufficient in energy by 2035, according to a new report from the International Energy Agency.

It’s a bold set of predictions for a nation that currently imports some 20% of its energy needs.

Recently, however, an “energy renaissance” in the U.S. has caused a boost in oil, shale gas and bio-energy production due to new technologies such as hydraulic fracturing, or fracking. Fuel efficiency has improved in the transportation sector. The clean energy industry has seen an influx of solar and wind efforts.

By 2015, U.S. oil production is expected to rise to 10 million barrels per day before increasing to 11.1 million bpd by 2020, overtaking second-place Russia and front-runner Saudi Arabia. The U.S. will export more oil than it brings into the country in 2030.

Around the same time, however, Saudi Arabia will be producing some 11.4 million bpd of oil, outpacing the 10.2 million from the U.S. In 2035, U.S. production will slip to 9.2 million bpd, far behind the Middle Eastern nation’s 12.3 million bpd. Iraq will exceed Russia to become the world’s second largest oil exporter.

At that point, real oil prices will reach $125 a barrel. By then, however, the U.S. won’t be relying much on foreign energy, according to the IEA’s World Energy Outlook.

Globally, the energy economy will undergo a “sea change,” according to the report, with nearly 90% of Middle Eastern oil exports redirecting toward Asia. [...]

This report also confirms the claims made by Porter Stansberry, that I referred to in an earlier post about President Obama capitalizing on an oil boom, like Teddy Roosevelt and FDR did. And with the same corrupting influences.

   

Will Obama become America's Hugo Chavez?

Here is one person's version of "What's Next": The Third Term

On the above link, a video will try to play, showing text with someone narrating it. It's very long. If you prefer to read (as I do), simply try to shut the window. When you do, a pop up will ask you if you really want to leave. Don't do anything for a moment; the page will reload, with the full text from the video. Then from the pop-up box you can choose to stay on the page and read.

It's a long ramble, by Porter Stansberry, who is trying to sell his investment newsletter. In the course of that, he predicts that Obama, in his second term, will consolidate and keep his power from an economic boom caused by shale oil and natural gas.

That may sound far-fetched, but he does explain with extensive sources and data to back his prediction. He also makes two very compelling historical comparisons, with Teddy Roosevelt and FDR, who both used similar circumstances to do what Stansberry believes Obama will also do. FDR managed a third term, and Obama could do the same, either by changing the constitution or by having his wife Michelle run as his proxy.

The data he gives for shale oil and natural gas is also fascinating. He uses his record of past accurate predictions, to bolster his predictions for Obama. The extensive references and data he offers to back up his ideas and predictions seems very plausible; it pieces together a lot of things I've heard from various other sources.

I wanted to print some excerpts here, and discuss some of the ideas, but blogger has changed it's publishing software, and I am now finding it very difficult to work with. The new blogger software requires me to do extensive reformatting of excerpted text, which is very time consuming. And even then, it often won't let me publish it (like it did today, after I did all the work!).

Thus, I predict, that I will not be blogging very much anymore. I have a life, and I'm going to start living it more. I may occasionally post interesting links and small amounts of text, but I'm pretty sure my most active blogging days are behind me.

It was fun, it was a learning experience. But now, seeing as Blogger has made this so unnecessarily arduous and time-consuming, methinks it's time to make better use of my time.

Fossil Fuels: They've only just begun

I posted earlier about Peak Oil/increased-demand theory , causing shortages. But the following article from Salon.com changes all of that. It maintains that solar and wind power are endangered, not fossil fuels, which are in fact poised to really start to kick in:

Everything you've heard about fossil fuels may be wrong
The future of energy is not what you think it is

[...] it appears that the prophets of an age of renewable energy following Peak Oil got things backwards. We may be living in the era of Peak Renewables, which will be followed by a very long Age of Fossil Fuels that has only just begun.

Thanks to shale oil and natural gas, and new technologies that not only make them more easily available world-wide, but make them a cleaner alternative to coal. Read the whole thing, it's very thorough. It explains it's premise in detail, and presents a very compelling case. Gosh and Golly. Whodathunkit?