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| Economy |
| World power swings back to America |
| 2011-10-24 |
 The American phoenix is slowly rising again. Within five years or so, the US will be well on its way to self-sufficiency in fuel and energy. Manufacturing will have closed the labour gap with China in a clutch of key industries. The current account might even be in surplus. |
| Posted by:tipper |
| #25 Yeah Joseph! SCRAPPLEFACE ! |
| Posted by: newc 2011-10-24 23:36 |
| #24 "27 mm bbls Nigeria" Watch that one. |
| Posted by: newc 2011-10-24 23:27 |
| #23 July oil use = 556 mm bbls July oil imports = 362 mm bbls 65% imported 153 mm bbls OPEC 209 mm bbls non-OPEC 67 mm bbls Persian Gulf 41 mm bbls Saudi 27 mm bbls Nigeria 29 mm bbls Ooogo 81 mm bbls Canada 37 mm bbls Mexico |
| Posted by: Nimble Spemble 2011-10-24 21:59 |
| #22 SCRAPPLEFACE, D *** NG IT, SCRAPPLEF-A-C-E! |
| Posted by: JosephMendiola 2011-10-24 21:16 |
| #21 Probably another way to say 28% of US oil consumption is from non North or South Americas sources vs, I remember, 80% of the EU's oil consumption is imported. Half from Russia. Even more so for natural gas. |
| Posted by: Eohippus Phater7165 2011-10-24 19:10 |
| #20 No. The US imports 2/3 of it's oil consumption. 28% is closer to OPEC imports minus Venezuela. |
| Posted by: Eohippus Phater7165 2011-10-24 18:45 |
| #19 The US already meets 72pc of its own oil needs, up from around 50pc a decade ago. Is this accurate? |
| Posted by: JohnQC 2011-10-24 18:38 |
| #18 I just finished prepping one unit to go to ND, and have to go up there shortly to check out another; I'm swamped with work with about 2/3 of my units all going to one town of 15,000 people. |
| Posted by: Thing From Snowy Mountain 2011-10-24 17:22 |
| #17 You may track our weekly rig count here. |
| Posted by: newc 2011-10-24 16:30 |
| #16 Thank you to you and your colleagues, Silentbrick. Y'all are a major front in the war against the jihadis. |
| Posted by: trailing wife 2011-10-24 15:32 |
| #15 I promise, we are drilling as fast as we can. At best a rig averages one well a month up here. The area I'm at this one company is expecting 50+ MORE wells here for this rig. We're trying, just keep the frigging EPA away from us and we'll get it done. |
| Posted by: Silentbrick - Halliburton Lost Drill Bit Division 2011-10-24 15:13 |
| #14 Biggest news here is the uptick in US oil and natural gas production. |
| Posted by: Iblis 2011-10-24 15:06 |
| #13 Then there's VDH, as posted elsewhere on todays 'Burg: we are left with an energy-poor country sitting on energy riches, a moribund economy with millions in the private sector piling up cash rather than investing or hiring, and cohorts of young, flat-broke, indebted, and politically prepped but poorly schooled students wondering where is the good life and why a Wall Street fixer, or computer nerd, or company man civil engineer makes so much more than they, the anointed, do. |
| Posted by: Anguper Hupomosing9418 2011-10-24 14:45 |
| #12 Lots of whistling past graveyards, no worries, Uncle Sugar will be there when we need him... |
| Posted by: M. Murcek 2011-10-24 13:55 |
| #11 Some of what he said is true. With this current administration, no way jose. Anything can happen now till elections. They'll "Walk like an Egyptian" or "Moonwalk" if they have to. I'm surprised Obama and Biden haven't started dancing and singing "Happy days are he again". Straw hats and canes and all. Gotta love those smiles. Then the reruns. |
| Posted by: Dale 2011-10-24 13:13 |
| #10 Actually AEP is a natural for being wrong. Invest in shotgun shells and gold. |
| Posted by: Bright Pebbles 2011-10-24 12:44 |
| #9 Boy, the rest of the world must be a hot damn mess for this to be. It is. AEP spends a lot of time figuring out the strength of limbs. But he's not far off on the potential, if we throw off the debilitating effects of the current elite. Admittedly a big if. |
| Posted by: Nimble Spemble 2011-10-24 12:16 |
| #8 Boy, the rest of the world must be a hot damn mess for this to be. Keep electing democrat scumb and this Nation will collapse post haste. |
| Posted by: newc 2011-10-24 12:03 |
| #7 I don't know what numbers Ambrose is looking at. All I can figure is he is trying to displace Pollyanna as a best-selling feel-good children's book. Pollyanna is a best-selling 1913 novel by Eleanor H. Porter that is now considered a classic of children's literature, with the title character's name becoming a popular term for someone with the same optimistic outlook |
| Posted by: JohnQC 2011-10-24 10:28 |
| #6 I see us at a turning point. Yes its possible we don't turn the corner but more likely we see a final smashing of Socialist ideology in the next election combined with offshore oil exploration and tar sand exploration that helps us survive the collapse of the Chinese economy. When the dust settles I do think the power will swing back to America in a big way. If we turn the corner and get rid of the folks currently in power. |
| Posted by: rjschwarz 2011-10-24 10:18 |
| #5 ...while the 'leadership' in other countries are also bent on destroying their own too in the last grasps of power. Remember, you don't have to be faster than the bear, just someone else in the same party. |
| Posted by: Procopius2k 2011-10-24 09:55 |
| #4 Biggest problem with AEP's analysis is his failure to take into account the fact that half of America's political class is actively trying to wreck the country and its economy. |
| Posted by: Ricky bin Ricardo (Abu Babaloo) 2011-10-24 09:28 |
| #3 Oh it's AEP. I wonder why anyone ever reads that complete fool. |
| Posted by: Bright Pebbles 2011-10-24 06:06 |
| #2 So just relax and keep going the way you did so far. |
| Posted by: gr(o)mgoru 2011-10-24 05:28 |
| #1 Is this from The Onion? |
| Posted by: Skidmark 2011-10-24 04:43 |