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Energy boom may yield geopolitical shift for U.S

Reuters -- The sudden boom in U.S. oil and natural gas production could eventually lead to a shift in relations with the Middle East as the United States becomes a net exporter of energy, President Barack Obama said in an interview published on Wednesday.

The United States is on track to surpass Saudi Arabia as the world's top oil producer by 2017. As early as 2016, the government has said the U.S. could be a net exporter of natural gas, and the Obama administration is weighing whether to allow exports to a broader range of destinations.

"The United States is going to be a net exporter of energy because of new technologies and what we're doing with natural gas and oil," Obama said in an interview with TIME magazine, noting that foreign oil imports have dropped, a trend he said he expects to continu

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Submitted Dec 20, 2012 By: skb69sa

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honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Dec 23, 2012 12:21:45 AM Ignore honda0105 Report Abuse time will tell if it turns into a geopolitical shift.
honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Dec 22, 2012 8:40:56 AM Ignore honda0105 Report Abuse we will never be energy independent. Less dependent, yes, independent, no.
zdcatc12 Champion Author Jacksonville Posts:2,147 Points:808,715 Joined:Nov 2010	Message Posted: Dec 21, 2012 11:27:23 AM Ignore zdcatc12 Report Abuse Only time will tell.
mswillia Champion Author Milwaukee Posts:2,746 Points:582,870 Joined:Feb 2010	Message Posted: Dec 21, 2012 9:41:20 AM Ignore mswillia Report Abuse energy independence is the goal
remay Champion Author Houston Posts:7,083 Points:2,144,190 Joined:May 2006	Message Posted: Dec 21, 2012 8:32:21 AM Ignore remay Report Abuse Has ANY study been done on how long this "boom" of NG will last? Everyone acts like this is forever and resources are endless!
tomok Champion Author Portland Posts:33,600 Points:2,373,210 Joined:Aug 2006	Message Posted: Dec 21, 2012 4:56:50 AM Ignore tomok Report Abuse Energy boom may yield geopolitical shift for U.S and more profits for Big Oil and Big Gas. Big Oil and Big Gas continues to sell fuel and natural gas on the world market for higher prices. 'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down! People will still drive and buy fuel no matter what but it sure helps to have a job too! The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal greedy benefit. The price at the pump needs to go down to $2/gallon - $3, $3.50/gallon or *$4.00 is Not the new low! Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII!
52MPG Champion Author Dayton Posts:7,404 Points:1,769,570 Joined:Apr 2006	Message Posted: Dec 21, 2012 3:49:58 AM Ignore 52MPG Report Abuse Even after Obama limited drilling on federal lands.
UpSol7 Champion Author Augusta Posts:1,709 Points:785,625 Joined:Sep 2008	Message Posted: Dec 21, 2012 1:31:21 AM Ignore UpSol7 Report Abuse the new opec
Zonk Champion Author Michigan Posts:6,626 Points:2,130,690 Joined:Oct 2005	Message Posted: Dec 21, 2012 12:28:46 AM Ignore Zonk Report Abuse A U.S., Canada, and Mexico unification might support a geopolitical shift.
Brucevanf Champion Author New Brunswick Posts:1,498 Points:271,985 Joined:Aug 2012	Message Posted: Dec 21, 2012 12:20:17 AM Ignore Brucevanf Report Abuse Once the greed kicks in this will price itself out of the market.
jcdakota Champion Author Baltimore Posts:1,429 Points:377,510 Joined:Nov 2010	Message Posted: Dec 21, 2012 12:17:39 AM Ignore jcdakota Report Abuse Yeah gas is over $3 a gallon here but the US will export natural gas instead of encouraging more CNG vehicles and refueling stations here to further lower demand for foreign oil.
goldrose1 Champion Author Cleveland Posts:11,071 Points:1,949,605 Joined:Feb 2005	Message Posted: Dec 21, 2012 12:12:50 AM Ignore goldrose1 Report Abuse What does a country have to do to get on that list? Bet they don't have to accept a cut in US foreign aid.
naspa Champion Author Cleveland Posts:1,417 Points:379,850 Joined:Jan 2012	Message Posted: Dec 21, 2012 12:10:04 AM Ignore naspa Report Abuse Gloom and doom. That's what I see in the future.
Steve6921 Sophomore Author New Hampshire Posts:104 Points:157,080 Joined:Aug 2012	Message Posted: Dec 21, 2012 12:09:45 AM Ignore Steve6921 Report Abuse Then why are gas prices going up
rodzilla123 Champion Author San Diego Posts:4,540 Points:1,062,045 Joined:Jul 2008	Message Posted: Dec 21, 2012 12:09:32 AM Ignore rodzilla123 Report Abuse I just Love It when Mr. Nobody tries to take credit for something He and His Policies have tried to squash and stop to help destroy this Nation. Such a GOOBER, and the worst part is, that their are so many other GOOBERS in this country that Believe in him. Unbelievable!!!!!
boatfloyd Champion Author Jacksonville Posts:1,863 Points:416,650 Joined:Mar 2012	Message Posted: Dec 21, 2012 12:09:17 AM Ignore boatfloyd Report Abuse Will be an interesting change for the world.
Dodge_Me Champion Author Atlanta Posts:2,214 Points:576,480 Joined:Mar 2006	Message Posted: Dec 21, 2012 12:08:08 AM Ignore Dodge_Me Report Abuse Hmm
Beau2140 Champion Author New York Posts:8,436 Points:1,684,860 Joined:Oct 2008	Message Posted: Dec 21, 2012 12:07:10 AM Ignore Beau2140 Report Abuse OK
bridgerunner Champion Author Virginia Posts:4,927 Points:1,034,535 Joined:Jul 2009	Message Posted: Dec 21, 2012 12:06:36 AM Ignore bridgerunner Report Abuse I think so.
CivicMA Champion Author Boston Posts:2,040 Points:563,470 Joined:Jun 2011	Message Posted: Dec 21, 2012 12:06:18 AM Ignore CivicMA Report Abuse Could be interesting.
yakstar Champion Author Montreal Posts:2,555 Points:507,225 Joined:Jan 2012	Message Posted: Dec 21, 2012 12:05:47 AM Ignore yakstar Report Abuse whatever...
honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Dec 21, 2012 12:04:31 AM Ignore honda0105 Report Abuse Spankster: of course, the consumer always picks up the final bill....
PrinceLH Champion Author Ontario Posts:2,832 Points:565,745 Joined:Jun 2011	Message Posted: Dec 21, 2012 12:02:48 AM Ignore PrinceLH Report Abuse Still no lower prices.
Spankster85 Champion Author Chicago Posts:1,859 Points:384,315 Joined:Nov 2011	Message Posted: Dec 21, 2012 12:01:35 AM Ignore Spankster85 Report Abuse And we'll still end up paying through the nose.
cheaper0ON Champion Author Ontario Posts:1,123 Points:425,755 Joined:Jan 2012	Message Posted: Dec 21, 2012 12:01:23 AM Ignore cheaper0ON Report Abuse Okay.
Darwin00 All-Star Author Mississippi Posts:849 Points:292,985 Joined:Dec 2010	Message Posted: Dec 21, 2012 12:01:09 AM Ignore Darwin00 Report Abuse Go natural gas!
gd83goldwinger Champion Author South Bend Posts:1,428 Points:519,980 Joined:May 2011	Message Posted: Dec 20, 2012 11:55:47 PM Ignore gd83goldwinger Report Abuse I'll believe when I see it happen.
clermont40miles Champion Author Cincinnati Posts:10,759 Points:1,800,570 Joined:Apr 2008	Message Posted: Dec 20, 2012 11:54:58 PM Ignore clermont40miles Report Abuse We will see how this plays out. We are not a net exporter yet.
PizzaMon Champion Author Philadelphia Posts:5,134 Points:1,886,455 Joined:Jun 2006	Message Posted: Dec 20, 2012 11:53:43 PM Ignore PizzaMon Report Abuse Time for the shift to occur.
DustyHorse Champion Author Virginia Posts:6,224 Points:1,417,780 Joined:Oct 2008	Message Posted: Dec 20, 2012 11:53:02 PM Ignore DustyHorse Report Abuse Interesting.
Aviator_Rob Champion Author New York Posts:3,992 Points:441,265 Joined:Mar 2012	Message Posted: Dec 20, 2012 11:52:09 PM Ignore Aviator_Rob Report Abuse That's where you're wrong, @rjoeh. Bush did the spending and the President is forced to do the taxing. Once again, it's the Democrats who get stuck with the check while the Republicans dine and dash.
JCS319 Champion Author Tacoma Posts:20,857 Points:2,570,310 Joined:Dec 2005	Message Posted: Dec 20, 2012 11:50:23 PM Ignore JCS319 Report Abuse @Aviator_Rob: Tell it like it is brother!
Aviator_Rob Champion Author New York Posts:3,992 Points:441,265 Joined:Mar 2012	Message Posted: Dec 20, 2012 11:48:50 PM Ignore Aviator_Rob Report Abuse Who is this "we" you're talking about, @rampower80? As if you had anything to say about any of this.
hyeglenn Champion Author Fresno Posts:1,208 Points:627,095 Joined:Apr 2011	Message Posted: Dec 20, 2012 11:47:14 PM Ignore hyeglenn Report Abuse I do not believe anything this President has to say.
Aviator_Rob Champion Author New York Posts:3,992 Points:441,265 Joined:Mar 2012	Message Posted: Dec 20, 2012 11:47:08 PM Ignore Aviator_Rob Report Abuse @truckguy115, do you honestly think Mitt was planning any different? Romney would have paid Big Oil to export our gas.
Aviator_Rob Champion Author New York Posts:3,992 Points:441,265 Joined:Mar 2012	Message Posted: Dec 20, 2012 11:45:37 PM Ignore Aviator_Rob Report Abuse Better get used to high gas prices, @sickhp, because to Big Oil, "Drill, baby, drill!" translates into "Export, baby, export!"
DrZNY Champion Author Albany Posts:2,684 Points:838,310 Joined:Jan 2009	Message Posted: Dec 20, 2012 11:45:04 PM Ignore DrZNY Report Abuse Will have to wait and see.
weenerdog Champion Author Detroit Posts:9,596 Points:1,911,615 Joined:Jan 2008	Message Posted: Dec 20, 2012 11:44:52 PM Ignore weenerdog Report Abuse This is almost as funny as the Alaska article.
bvrbill Champion Author Eugene Posts:3,445 Points:546,325 Joined:Jul 2011	Message Posted: Dec 20, 2012 11:44:23 PM Ignore bvrbill Report Abuse Better to be a player than to be played.
Aviator_Rob Champion Author New York Posts:3,992 Points:441,265 Joined:Mar 2012	Message Posted: Dec 20, 2012 11:44:06 PM Ignore Aviator_Rob Report Abuse Like I said, @ejl2000. Nobody's blaming you because you don't count. Just go back to the conspiracy website you came from.
Aviator_Rob Champion Author New York Posts:3,992 Points:441,265 Joined:Mar 2012	Message Posted: Dec 20, 2012 11:42:45 PM Ignore Aviator_Rob Report Abuse Wow, @5Golfer8. I felt the world get just a bit more stupid after reading your post.
Aviator_Rob Champion Author New York Posts:3,992 Points:441,265 Joined:Mar 2012	Message Posted: Dec 20, 2012 11:41:48 PM Ignore Aviator_Rob Report Abuse Net exporter? Not of oil, that's for sure. We'd need to produce 20 million barrels per day to meet our oil needs. The most rosy estimates top out at 12 million barrels per day. The extra 8 million barrels has to come from somewhere.
chuckhermann Champion Author New York Posts:1,027 Points:520,975 Joined:Jun 2011	Message Posted: Dec 20, 2012 11:41:27 PM Ignore chuckhermann Report Abuse Let's use what we need first and then sell the rest
Brunduski All-Star Author Missouri Posts:549 Points:203,275 Joined:Jun 2012	Message Posted: Dec 20, 2012 11:40:52 PM Ignore Brunduski Report Abuse And to think his second term hasn't even started yet.
oldiesman Champion Author New York Posts:6,566 Points:2,221,590 Joined:May 2006	Message Posted: Dec 20, 2012 11:39:04 PM Ignore oldiesman Report Abuse We don't need the Saudis
hoosierva Champion Author Indianapolis Posts:1,036 Points:492,970 Joined:Jul 2011	Message Posted: Dec 20, 2012 11:39:01 PM Ignore hoosierva Report Abuse yeah right.
5Golfer8 Champion Author Tucson Posts:2,263 Points:326,925 Joined:Jun 2011	Message Posted: Dec 20, 2012 11:37:22 PM Ignore 5Golfer8 Report Abuse What did you expect from a moslem.
abacus44 Champion Author Toms River Posts:3,605 Points:774,765 Joined:Jan 2011	Message Posted: Dec 20, 2012 11:37:18 PM Ignore abacus44 Report Abuse We'll see.
ejl2000 Champion Author New Jersey Posts:1,311 Points:606,965 Joined:Aug 2005	Message Posted: Dec 20, 2012 11:36:56 PM Ignore ejl2000 Report Abuse DC will screw us and give it all away! .......Hey don't blame me .... I didn't vote this clown back in for four more years!!!! Get ready the WORSE is yet to come!!!!
toadNY Champion Author Albany Posts:7,193 Points:1,541,825 Joined:Apr 2008	Message Posted: Dec 20, 2012 11:36:23 PM Ignore toadNY Report Abuse I agree BrucePen.