[JamesMcQuaid]

From The Want To Keep You Under Their Thumb Department:

“We disagree with your excellency on what you said and we see that raising North American shale gas production is an inevitable threat,” Prince Alwaleed said.

Read some real newsy news:
http://energypolicyinfo.com/2013/07/a-different-kind-of-oil-dependence/

 

[jbfalaska]

Won't last. Fracking and the new technoligies dry up VERY quickly. Isn't like hitting a well in the 1930s. Huge resorvoirs are gone in favor of sipping off oil between sand crystals. A well that used to produce high volumes for 25 years now lasts 2.

 

[doudis2]

Awe...i feel so sorry for you...NOT! LOL

 

[bonaire]

Well, there is the fact that the USA is only about 3.8% of the world population. How about they just sell everywhere else instead?

 

[emartin00]

Well, there is the fact that the USA is only about 3.8% of the world population. How about they just sell everywhere else instead?

Because we happen to be the largest oil consumer in the world...

 

[Raymondjram]

Because we happen to be the largest oil consumer in the world...

Until 10% of the USA drives an EV. Then we will be at the bottom of the list and probably exporting oil.

 

[jfkirk]

The Saudi`s no longer have growing production in Iran, Iraq, etc., to worry about. How long can their octagenerian leadership keep the lid on if oil prices fall?

 

[Joule]

I found this to be an interesting breakdown of how much of that 20-million-barrel-a-day oil habit comes from light-duty transportation (cars, SUV's, pickups, vans). Source: How-much-energy-do-individuals-actually-use