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U.S. energy boom needs no stimulants

GasBuddy Blog -- Just before we reported that retail gasoline in the U.S. reached an all-time high this year; (the national average is $3.63 for 2012) USA TODAY came out with an editorial (Nov. 23) discussing all the problems the nation's energy boom could bring.

The paper acknowledged we're in the midst of our most productive era, energy-wise; growing reserves from Texas to the Dakotas; a wealth of natural gas from the shale reserves of Pennsylvania down to W. Virginia; but they seemed upset about it.

The Dept. of Energy tells us "reserves of U.S. oil and natural gas in 2010 rose by the highest amounts ever recorded since EIA began publishing proved reserves estimates in 1977. For both oil and natural gas, these increases in proved...


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Submitted Dec 05, 2012 By: PD
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REPLIES (newest first) Post a Reply
Oilman9117
Rookie Author New Orleans

Posts:7
Points:6,325
Joined:Oct 2008
Message Posted: Dec 12, 2012 1:20:54 PM

The crazy thing about all this is that we are only making the refineries we have bigger as their are to many idiotic rules to build a new refinery in America. Instead you have places like Brazil and India coming on line with refineries that run 2.5 million barrels a day. They emit there emissions to the same sky we do but in America we are held to a much higher degree. The competitive advatage is to build overseas. Oh and the Dept of Energy was created when they were developing the Atomic Bomb and it was to monitor and control Nuclear material but of course the goverment spun it into a whole different deal in the 70's under Carter.
paulweb
Champion Author Ohio

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Message Posted: Dec 12, 2012 12:14:11 PM

Definite need for moderation, on all sides.
GroovyMimi
Rookie Author Fort Worth

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Points:1,270
Joined:Mar 2011
Message Posted: Dec 9, 2012 4:17:06 AM

Why the HE## do you keep saying that the problems stem from the last four years?! The energy and oil crisis problems were created LONG before the last four years!
Ray_10589
Champion Author New York

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Message Posted: Dec 7, 2012 1:00:38 AM

waist of tax $$$
skybiker
Champion Author South Carolina

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Message Posted: Dec 6, 2012 11:57:54 PM

Open more fields...
skybiker
Champion Author South Carolina

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Message Posted: Dec 6, 2012 11:57:38 PM

Open more fields...
my2002m
Champion Author Tulsa

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Message Posted: Dec 6, 2012 11:07:52 PM

Need more things like this that don't need government support.
RoadKing95
Champion Author San Jose

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Message Posted: Dec 6, 2012 4:30:40 PM

Tanks_alot wrote;

"Tired of tax breaks to oil companies? Well, ONE Solyndra subsidy was worth at least 10 years of oil company tax breaks.

At least the oil companies provide a valuable product, unlike the green energy "industry" whose chief product is broken promises.

Let's stop subsidizing BOTH, and see who fails."

I call BS. gimme some real documentation to back your claim.
Lasing
Champion Author Colorado Springs

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Message Posted: Dec 6, 2012 3:49:49 PM

"Hopefully the folks in charge will learn from the mistakes of the past four years and let the energy industry’s success take root with the ebb and flow of free markets"

Most of the folks that voted last month sure didn't learn anything, why would the next 4 years be any different?

4 years ago Obama said he wanted to lower the deficit, but he just about doubled it. This time he says he wants to lower it, but is demanding the debt ceiling be raised so he can borrow more, and crying that the Republicans won't let him. I didn't vote for this incompetent Socialist.
Cheepo
Champion Author Tampa

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Message Posted: Dec 6, 2012 2:57:36 PM

Can anybody tell me why we need this department????????
milespergallon
Champion Author Illinois

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Message Posted: Dec 6, 2012 2:04:28 PM

Yesterday
dieselfiendSC
Champion Author South Carolina

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Message Posted: Dec 6, 2012 1:23:41 PM

Liberals are liberals, you can't figure them out.
bart_reed
Champion Author Los Angeles

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Message Posted: Dec 6, 2012 1:12:45 PM

Yes, and isn't that high if you factor in rate of inflation.
SUV2009
Champion Author Orlando

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Message Posted: Dec 6, 2012 1:04:22 PM

ok
nskmda
Champion Author Grand Rapids

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Message Posted: Dec 6, 2012 12:49:53 PM

booming only for the producers but not for consumers... the price is not falling much enough...
jiml1965
Champion Author Harrisburg

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Message Posted: Dec 6, 2012 12:19:52 PM

independence from the Middle East, it is good for us
Topless2012
Champion Author Twin Cities

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Message Posted: Dec 6, 2012 12:19:05 PM

It is truly a shame to feel the need to agree with Cellsite. What we really need is new leadership. We had a chance and missed it.
Cellsite
Champion Author Appleton

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Message Posted: Dec 6, 2012 12:16:44 PM

Well done commentary. The USA Today is no different than the rest of the left-wing liberal media that helped get our nation's worst nightmare re-elected. They dig for the negatives in a very positive situation and then turn around and cover up our president and his cronies helping to get people killed in our embassy.
This is the 21st century and our nation needs this energy boom and every drop of oil and cubic foot of natural gas it can get, right here on our soil.
gasoutherneagle
Champion Author Georgia

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Message Posted: Dec 6, 2012 12:14:53 PM

Obama is a chicken sh_t a--whole!
No1ConMan
Champion Author Memphis

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Message Posted: Dec 6, 2012 12:08:00 PM

Until they find a way to profit personally they will do everything to deter development.
Ready Eddie
Champion Author Twin Cities

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Message Posted: Dec 6, 2012 11:59:32 AM

Dragging us kicking and screaming. Stop the waste.
Lbro
Champion Author Denver

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Message Posted: Dec 6, 2012 11:58:05 AM

Wasted money! And everyone gripes about alternative credits.
krobp46
Champion Author Milwaukee

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Message Posted: Dec 6, 2012 11:57:14 AM

The Obama Administration and the Dept of Energy (Steven Chu) both are working towards independence from fossil fuels. While I applaud their efforts (except where they threw money at Bankrupt prone companies) they have to realize that their efforts will not be realized overnight, and may take many years to implement. And while this is happening, shutting down fossil fuel venues will only hurt this country
itzagasgasgas1
Champion Author Cincinnati

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Message Posted: Dec 6, 2012 11:56:16 AM

Stop giving federal money to energy companies making record profits.
thirty8paces
Champion Author Baltimore

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Message Posted: Dec 6, 2012 11:55:37 AM

I agree.
GRUMPY55
Champion Author California

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Message Posted: Dec 6, 2012 11:55:14 AM

ok
jetmech568
Champion Author Idaho

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Message Posted: Dec 6, 2012 11:55:03 AM

obumer wants green energy (or says he does)so he'll give them more money. that must stop
Gassed01
Champion Author Toronto

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Message Posted: Dec 6, 2012 11:54:26 AM

Governments - stop giving our money away.
CharlieC08
Champion Author Colorado

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Message Posted: Dec 6, 2012 11:52:18 AM

Keep the gvmt. out of it.
NanookAK
Champion Author Anchorage

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Message Posted: Dec 6, 2012 11:51:03 AM

Ban stimulants. Let them succeed on their own.
#12#_vabchusa
Champion Author Virginia

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Message Posted: Dec 6, 2012 11:49:14 AM

With reserves at all time highs, we nned to feel some relief at the pumps.
Yonkers111
Champion Author Scranton

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Message Posted: Dec 6, 2012 11:48:47 AM

Price of diesel so low the highways are absolutely over run with trucks.
mikesr100
Champion Author Sacramento

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Message Posted: Dec 6, 2012 11:48:43 AM

EPA needs to allow more refineries to be built so the price of Gas can fall under $2 a gallon!
knutzAL
Champion Author Alabama

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Message Posted: Dec 6, 2012 11:44:00 AM

I may have to get my ears and eyes plugged for the next four years. I will implode with the yack going around.
momof5MN
Champion Author Twin Cities

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Message Posted: Dec 6, 2012 11:43:43 AM

Yes, Tanks alot.
bicycler
Champion Author Ontario

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Message Posted: Dec 6, 2012 11:43:30 AM

catseyes8624; Controles of the'oilbarons' greed would help restrain greed'
Snowchoux
Champion Author Missouri

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Joined:Sep 2012
Message Posted: Dec 6, 2012 11:43:00 AM

I wouldn't hold my breath, the political system will mess it up.
MRHONEST
Champion Author Illinois

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Message Posted: Dec 6, 2012 11:42:43 AM

That is for sure-making enough money already!
Prodaddy
Champion Author Houston

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Message Posted: Dec 6, 2012 11:42:37 AM

I agree also
kuma2000
Champion Author Honolulu

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Message Posted: Dec 6, 2012 11:38:43 AM

With US production at an all time high, why can't these major oil companies give us a break in the prices of gasoline.
jcurley
Champion Author California

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Message Posted: Dec 6, 2012 11:36:43 AM

@divebomber - great comment! With EVERY boom comes a bust. The classic all your eggs in one basket.

I know this is an opinion piece and it makes several good points, but the main reason for this oil and gas boom is THE CURRENT HIGH PRICES! That and the enhanced technology that allows more of the product to be extracted from the earth.

Remember folks, that our oil and gas prices are greatly dependent on GLOBAL demand and deregulation (e.g. more give-aways to the oil and financial industries, mostly off-shore). The refiners will manipulate supplies and export excess product to keep prices high, unless we re-regulate the greedy turkeys.
cateyes8264
Champion Author Tennessee

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Message Posted: Dec 6, 2012 11:35:54 AM

big oil greed needs to give us a break and come off the prices
crashintuc34
Champion Author Tucson

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Message Posted: Dec 6, 2012 11:35:44 AM

Hopefully as production increases the prices will continue to drop.
TAT36
Champion Author Florida

Posts:10,103
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Joined:Sep 2009
Message Posted: Dec 6, 2012 11:35:40 AM

This can not be. No one created anything by themselves. Has to be some stimulus from the government someplace.
SpankyMI
Champion Author Kalamazoo

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Message Posted: Dec 6, 2012 11:35:13 AM

Who in the energy business (except solar) is asking for a stimulant?
Tanks_alot
Champion Author Rhode Island

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Message Posted: Dec 6, 2012 11:33:42 AM

Why are prices so high despite increased domestic production? Take a look back at Germany in the 1920s, where it took a wheelbarrow full of currency to buy a loaf of bread.

High prices are because of the inflated dollar. It takes more Bernanke bucks to buy a gallon of gas.
bobsalwaysmt
Champion Author Long Island

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Message Posted: Dec 6, 2012 11:31:23 AM

It needs support from the POTUS!
Tanks_alot
Champion Author Rhode Island

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Message Posted: Dec 6, 2012 11:31:11 AM

Tired of tax breaks to oil companies? Well, ONE Solyndra subsidy was worth at least 10 years of oil company tax breaks.

At least the oil companies provide a valuable product, unlike the green energy "industry" whose chief product is broken promises.

Let's stop subsidizing BOTH, and see who fails.
yeehaw1073
Champion Author Indiana

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Message Posted: Dec 6, 2012 11:30:49 AM

And so this "energy independence" happens when?
georged12
Champion Author Michigan

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Message Posted: Dec 6, 2012 11:30:28 AM

So why the high prices at the pumps????
Goatroper47
Champion Author Twin Cities

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Message Posted: Dec 6, 2012 11:29:15 AM

If it needs to be subsidized it is not ready for prime time!
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