Thursday April 17, 2014
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I'll be honest with you. I did not think we could do it. Listening to and watching the squabble over energy policies just four or five years ago I did not think we could get it together, but it looks like we have done it.
The International Energy Agency (IEA), which has been the source of gloomy predictions of U. S. energy production has taken a hard look at what we are doing and has made an astoundingly bright prediction of where our energy policy will put us in just a few years. Here are the significant parts of a spectacular report, as quoted from the Christ Science Monitor:
"The United States will overtake Saudi Arabia and Russia as the world's top oil producer by 2017."
"Washington will come very close to achieving a previously unthinkable energy self-sufficiency."
"North America [will become] a net oil exporter by around 2030 and the United States becoming almost self-sufficient in energy by 2035."
"The United States, which currently imports around 20 percent of its total energy needs, becomes all but self-sufficient in net terms - a dramatic reversal of the trend seen in most other energy importing countries," it said.
"The recent rebound in US oil and gas production, driven by upstream technologies that are unlocking light tight oil and shale gas resources, is spurring economic activity - with less expensive gas and electricity prices giving industry a competitive edge," it added.
"United States [will] overtake Russia as the biggest gas producer by a significant margin by 2015."
What does that mean to us as far as being stuck with our current Middle East policies is concerned? Again, I quote:
"This could have significant geopolitical implications, if Washington feels its strategic interests are no longer as embedded in the Middle East and other volatile oil producing regions."
Yes, it could. It could mean just that.
It would be nice if we could stop sending billions to Israel. When we don't need the middle east oil, we could put some of our tax payers money back into our pockets instead of foreign interests!
Can't argue with that.
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