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It may surprise you to hear that the U.S. is on track for energy independence by 2022, based on increased American oil and gas production (third-biggest oil pro
by _iyig 8y ago
It may surprise you to hear that the U.S. is on track for energy independence by 2022, based on increased American oil and gas production (third-biggest oil producing country in the world) and flat domestic demand.
[0] https://www.cnbc.com/2018/02/07/united-states-will-be-a-net-energy-exporter.html https://www.cnbc.com/2018/02/07/united-states-will-be-a-net-...
- gameswithgo 8y agoYes, but that won't last very long.
- pitaj 8y agoWhat do you mean?
- api 8y agoOil and gas are non-renewable.
- jhallenworld 8y agoHe probably means this: https://journalistsresource.org/studies/environment/energy/environmental-costs-benefits-fracking https://journalistsresource.org/studies/environment/energy/e... Initial production after fracking is high, but drops off fast.
- Coincoin 8y ago“The greatest shortcoming of the human race is our inability to understand the exponential function.”
- gameswithgo 8y agoThere is a fixed amount of oil in the earth. The next barrel of oil is always harder to get at than the last. The USA had a major technical revolution in getting fracking to work, and the price of oil got high enough for it to be profitable, and we did something amazing and are pumping a ton more oil than we were previously. Eventually that frackable oil will run low again too. The price of oil will go up, making perhaps new reserves proftable, maybe those won't be int he USA, or maybe solar/wind will be more attractive than oil at that point. it is unknown! but we certainly shouldn't make long term 10-20-50 year plans on the assumption that the USA will be energy independent due to oil.