Monday, November 19, 2012

U. S. to be World’s Largest Oil Producer – Will Pass Saudi Arabia

No That Can’t Be Right - Obama Destroyed the Energy Sector

As everyone knows the Obama Administration has an energy policy that is destroying the American oil and gas business.  It won’t allow drilling in delicate nature preserves, it won’t allow sinking new oil wells off shore of America’s greatest natural coastlines and it’s regulations are stifling new exploration and development of oil and gas.  Really, just listen to Republicans, they keep saying all that.

Of course facts, with their natural bias against Conservatives show otherwise.

A shale-oil boom will help the U.S. overtake Saudi Arabia as the world's largest oil producer by 2020, according to the International Energy Agency, a shift that could transform not just energy supplies but also U.S. politics and diplomacy

Wow, what a difference an Administration makes when it has a coherent energy/environmental program. 

[image]The IEA also said natural gas will displace oil as the largest single fuel in the U.S. energy mix by 2030. U.S. carbon-dioxide emissions from energy consumption were down 5.3% in the first seven months of 2012, compared to the same period a year earlier, according to U.S. government figures. That came as natural gas accounted for 31% of U.S. electricity generation in the first eight months of this year, up from 24% a year earlier.

So yes, it is possible to have a policy which promotes clean energy, reduces emissions and results in increased domestic production and less reliance on foreign oil.  But don’t tell Republicans yet, they have just suffered through the election and this news might really be harmful to their mental health.

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