Article

2009-08-04 Economy

breakdown of current (this year) US energy consumption

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Posted by 3dc 2009-08-04 12:19|| || Front Page|| [10 views ] Top

#1 The USA is still importing 10 million barrels/day of oil (NET imports over exports) which is about the same as it was doing in 2002. It is true the imports have fallen back a little bit.

Posted by Anguper Hupomosing9418 2009-08-04 12:26|| 2009-08-04 12:26|| Front Page Top

#2 Oil imports are down 25% from their 2007 peak and US consumption is down 15%. That's a huge change in peoples' behavior from 2 years ago. But it will take another 10 years before US consumers' car buying habits toward smaller cars ripples though the fleet and by then I figure oil imports will have dropped to 5-6M barrels/day. By then Americans can say goodbye to the Middle Eastern and Venezuelan greasy shitholes. Much earlier if domestic and CTL production were undertaken.

Posted by ed 2009-08-04 17:26|| 2009-08-04 17:26|| Front Page Top

#3 And to think, it all could have been avoided if, during the 80s, we had chosen to develop our domestic reserves instead of being reliant on Saudi oil. At the time, importing oil was a novelty, something that was temporarily useful.

Posted by gromky 2009-08-04 18:23|| 2009-08-04 18:23|| Front Page Top

#4 we dont have enough domestic reserves to last long, not even close to the Asian oil reserves ( Russia, Iraq, Iran, Saudi, etc )

Posted by Spavitle Oppressor of the Leprechauns1129 2009-08-04 19:56|| 2009-08-04 19:56|| Front Page Top

#5 Actually, Spavtile, between the US, Canada and Mexico, we have enough proven reserves to last 100 years at current consumption rates.

Saudi oil is running out. Their fields are about spent.

The problem is, most of our oil is "off limits" due to no offshore drilling, getting oil shale or doing the oil sands.

Thank you liberals for fucking us and empowering our enemies.

Posted by DarthVader 2009-08-04 21:49|| 2009-08-04 21:49|| Front Page Top

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