US shale oil supply shock shifts global power balance

[DLR Pyro]

A steeper-than-expected rise in US shale oil reserves is about to change the global balance of power between new and existing producers, a report says.

Over the next five years, the US will account for a third of new oil supplies, according to the International Energy Agency (IEA).

The US will change from the world's leading importer of oil to a net exporter.

if the environmentalists and liberal politicians don't muck things up, we may soon be able to tell opec to FOAD.

[J P Sousa]

Nah, the greenies say oil is bad no matter where it comes from........I think Al Gore said that recently.

[thundley4]

The Obama Regime and his cronies at the EPA and other agencies will see to it that this oil is off limits.  Obama must keep money flowing to his Muslim Brothers.

[Eupher]

The Obama Regime and his cronies at the EPA and other agencies will see to it that this oil is off limits.  Obama must keep money flowing to his Muslim Brothers.

^^^^This. Al the DUmbass Bore makes a big pretense out of insisting that global warming requires that fossil fuels be severely curtailed or even shut down entirely.

That's a big smokescreen for Barry and his pumping money to his muzzie pals.

Nope, all of these reserves are simply going to stay where they are because Barry isn't done telling judges to FOAD.

[longview]

The Obama Regime and his cronies at the EPA and other agencies will see to it that this oil is off limits.  Obama must keep money flowing to his Muslim Brothers.

I dunno about fracking.  We are having ground water problems here that can be traced to the practice.  I'm all for U.S. producers getting this stuff out of the ground, but water is necessary too.

[NHSparky]

I dunno about fracking.  We are having ground water problems here that can be traced to the practice.  I'm all for U.S. producers getting this stuff out of the ground, but water is necessary too.

Fracking or not, shale oil extraction takes a hell of a lot of water.  And if you look at the areas where the greatest concentrations of shale oil/tar sands are located, guess what ISN'T in abundant supply.  I've lived not far from where longview lives, and on the western slope of CO.  Rainfall/precipitation in that area is pretty sparse, and there isn't much in the way of significant bodies of water or areas where reservoirs can be created.

Yeah, either way the next 20-30 years are gonna be pretty interesting.

[J P Sousa]

I dunno about fracking.  We are having ground water problems here that can be traced to the practice.  I'm all for U.S. producers getting this stuff out of the ground, but water is necessary too.

What do you think about this article.

http://www.theblaze.com/stories/2013/01/22/blaze-review-fracknation-documentary-offers-what-the-media-isnt-the-other-side-of-the-fracking-truth/
.

[Rebel]

Fracking or not, shale oil extraction takes a hell of a lot of water.  And if you look at the areas where the greatest concentrations of shale oil/tar sands are located, guess what ISN'T in abundant supply.  I've lived not far from where longview lives, and on the western slope of CO.  Rainfall/precipitation in that area is pretty sparse, and there isn't much in the way of significant bodies of water or areas where reservoirs can be created.

Pretty big aquifer right south of them.

[longview]

What do you think about this article.

http://www.theblaze.com/stories/2013/01/22/blaze-review-fracknation-documentary-offers-what-the-media-isnt-the-other-side-of-the-fracking-truth/
.

I hope their research is correct.  I know there will be no slow down in fracking.  I also know there have been large areas of my state that suddenly have ground water problems. 

The peer review of EPA data and conclusions is anxiously awaited here.