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Americans Gaining Energy Independence With U.S. as Top Producer

Business Week -- The U.S. is the closest it has been in almost 20 years to achieving energy self-sufficiency, a goal the nation has been pursuing since the 1973 Arab oil embargo triggered a recession and led to lines at the pump.

Domestic oil output is the highest in eight years. The U.S. is producing so much natural gas that, the government now may approve an export terminal. Methanex, the world’s biggest methanol maker, said it will dismantle a factory in Chile and reassemble it in Louisiana. And higher mileage standards and federally mandated ethanol use, along with slow economic growth, have curbed demand.

Result: The U.S. has reversed a two-decade-long decline in energy independence, increasing the proportion of demand met from domestic sources over the last six years to an estimated 81 percent

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Submitted Feb 21, 2012 By: Martinman

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goldentoe Champion Author Oregon Posts:5,914 Points:1,360,360 Joined:Mar 2007	Message Posted: Feb 21, 2012 9:27:40 PM Ignore goldentoe Report Abuse My guess is that you won't hear this story on Faux News!
outlaw329 Champion Author Austin Posts:7,611 Points:1,373,305 Joined:Aug 2008	Message Posted: Feb 21, 2012 9:27:04 PM Ignore outlaw329 Report Abuse Good I guess!
the_otg Veteran Author Pittsburgh Posts:388 Points:131,715 Joined:Jul 2008	Message Posted: Feb 21, 2012 9:23:40 PM Ignore the_otg Report Abuse At what pricei ?
nomad228 Champion Author Columbus Posts:3,117 Points:575,140 Joined:Feb 2011	Message Posted: Feb 21, 2012 9:21:33 PM Ignore nomad228 Report Abuse just who are these americans thatare energy independent .seems like every time someone passes gas the fuel prices go up for reasons that have nothing to do with our fuel.refineries shutting down to either switch mixes or to do maintenence,instead of stockpiling fuel and building new refineries.seems like big earl is doing everyhting ossible to destroy our economy than help it.
mrbee Champion Author Little Rock Posts:3,749 Points:2,464,855 Joined:Oct 2005	Message Posted: Feb 21, 2012 9:21:11 PM Ignore mrbee Report Abuse About time
theschmuck Champion Author Michigan Posts:2,912 Points:1,510,650 Joined:Mar 2007	Message Posted: Feb 21, 2012 9:20:35 PM Ignore theschmuck Report Abuse I wonder what the guy was smoking when he wrote this article. Pure BS. We are no more self-sufficient thanthe man in the moon. the more we produce, the more they ship out and the people of this country are hung out to dry.If we kept half of what we ship, we'd have no problem, but greed and a foolish gov't won't et that happen.
bif65 Champion Author Virginia Posts:1,023 Points:195,230 Joined:Jan 2011	Message Posted: Feb 21, 2012 9:20:29 PM Ignore bif65 Report Abuse ok
amearly Champion Author Michigan Posts:12,109 Points:2,465,660 Joined:Jan 2006	Message Posted: Feb 21, 2012 9:19:54 PM Ignore amearly Report Abuse So why are we paying for it oh that's right speculators that manipulate the market .
billy44bo Champion Author Mobile Posts:7,198 Points:1,488,940 Joined:Feb 2008	Message Posted: Feb 21, 2012 9:19:27 PM Ignore billy44bo Report Abuse We would be closer if nobama was out of a job.
bababooey2 Champion Author Hartford Posts:6,342 Points:1,301,640 Joined:Sep 2009	Message Posted: Feb 21, 2012 9:15:07 PM Ignore bababooey2 Report Abuse Then why are we being bent over?
knot2swift Champion Author Calgary Posts:4,379 Points:696,025 Joined:Nov 2009	Message Posted: Feb 21, 2012 9:14:48 PM Ignore knot2swift Report Abuse From the makers of Shale Gas, Shale Oil is making headlines. More there than the Middle East in the US Mid West. So quit suing and get fracking. Better yet counter sue for millions or billions. That should remove the Leaches.
swrestler Champion Author Grand Rapids Posts:6,130 Points:1,570,100 Joined:Oct 2008	Message Posted: Feb 21, 2012 9:14:16 PM Ignore swrestler Report Abuse Then Why Are Gas Prices So High....The Speculaters....
silverbullet90 All-Star Author Florida Posts:834 Points:315,305 Joined:Apr 2011	Message Posted: Feb 21, 2012 9:11:37 PM Ignore silverbullet90 Report Abuse Refining capacity still lags!
ShabbyPA Champion Author Pennsylvania Posts:2,815 Points:680,490 Joined:Nov 2007	Message Posted: Feb 21, 2012 9:05:30 PM Ignore ShabbyPA Report Abuse lower the damn prices then
TDIdave Champion Author California Posts:5,053 Points:1,223,765 Joined:May 2006	Message Posted: Feb 21, 2012 8:59:48 PM Ignore TDIdave Report Abuse hmmm.
skb69sa Champion Author San Antonio Posts:3,477 Points:710,175 Joined:Mar 2011	Message Posted: Feb 21, 2012 8:56:39 PM Ignore skb69sa Report Abuse Really? Looks like another speculation
mecforyou Champion Author Iowa Posts:2,962 Points:1,260,180 Joined:Jul 2007	Message Posted: Feb 21, 2012 8:49:46 PM Ignore mecforyou Report Abuse Come on republicans this is not good news.
mwo Champion Author Twin Cities Posts:1,640 Points:1,331,675 Joined:Aug 2004	Message Posted: Feb 21, 2012 8:46:50 PM Ignore mwo Report Abuse Figure out a way to "Blame it on Obama".
dollarwatcher Champion Author Wisconsin Posts:7,935 Points:1,533,270 Joined:Mar 2007	Message Posted: Feb 21, 2012 8:44:30 PM Ignore dollarwatcher Report Abuse The US exports as much if not more then it imports. I guess when you own the oil well you can do what ever you want with the product.
spiderjay Champion Author Little Rock Posts:4,773 Points:1,282,235 Joined:Oct 2005	Message Posted: Feb 21, 2012 8:42:09 PM Ignore spiderjay Report Abuse we need too bad
ramshot412 Champion Author Riverside Posts:20,142 Points:2,464,565 Joined:Apr 2004	Message Posted: Feb 21, 2012 8:41:54 PM Ignore ramshot412 Report Abuse America is Gaining Energy Independence in spite of the best efforts of boehner to thwart it.
gasokie Champion Author Oklahoma Posts:3,442 Points:1,323,805 Joined:May 2007	Message Posted: Feb 21, 2012 8:41:10 PM Ignore gasokie Report Abuse It's kinda pitiful watching politicians from both parties give out blame for our energy problems and then watching them take credit for what appears to be the USA becoming a net exporter of energy. People fret we even export any energy at all but thats the way the market works. Always has and always will. It really doesn't matter if you sell it out of country but what matters is the balance of payments on these import/exports. When we get just a little more independent (about 4 years?)) then what Iran or the Saudi's or Venezuela does won't matter.
Old Timer Champion Author Akron Posts:3,737 Points:1,262,040 Joined:Sep 2003	Message Posted: Feb 21, 2012 8:40:22 PM Ignore Old Timer Report Abuse A temporary situation.
baconnie Champion Author Dallas Posts:2,797 Points:563,210 Joined:Jun 2008	Message Posted: Feb 21, 2012 8:40:11 PM Ignore baconnie Report Abuse Some people are taking this into consideration but the poor and elderly can't afford these troubles, when a lady died in Texas from heat exposure and had a working ac unit something is wrong, she was over 70. Sad
heysailor Champion Author Pittsburgh Posts:9,577 Points:2,331,695 Joined:Mar 2006	Message Posted: Feb 21, 2012 8:37:43 PM Ignore heysailor Report Abuse Do NOT export natural gas
575Racing Sophomore Author Akron Posts:177 Points:133,845 Joined:Jan 2011	Message Posted: Feb 21, 2012 8:37:27 PM Ignore 575Racing Report Abuse yeah....not seeing it.
ratones1 Champion Author Los Angeles Posts:2,907 Points:731,005 Joined:Mar 2011	Message Posted: Feb 21, 2012 8:37:22 PM Ignore ratones1 Report Abuse OOOOOOH ABOUT TIME...
cutter1330 Champion Author Oklahoma Posts:8,030 Points:1,692,390 Joined:Jul 2005	Message Posted: Feb 21, 2012 8:37:00 PM Ignore cutter1330 Report Abuse Sure doesn't seem so.......
rpr77 Champion Author Philadelphia Posts:3,890 Points:766,610 Joined:Mar 2011	Message Posted: Feb 21, 2012 8:34:15 PM Ignore rpr77 Report Abuse ok
warlord1 Champion Author Georgia Posts:5,240 Points:1,033,025 Joined:May 2010	Message Posted: Feb 21, 2012 8:33:16 PM Ignore warlord1 Report Abuse ok
gasokie Champion Author Oklahoma Posts:3,442 Points:1,323,805 Joined:May 2007	Message Posted: Feb 21, 2012 8:31:35 PM Ignore gasokie Report Abuse I saw a guy on national TV (I think it was the today show) this morning identified as a "gas buddy spokesman" say it was too bad we couldn't export natural gas..."it's a gas you know" and was disappointed that he didn't know it can be exported. Other than that he did a good job.
Dremwolf Veteran Author Jacksonville Posts:476 Points:94,370 Joined:May 2008	Message Posted: Feb 21, 2012 8:30:48 PM Ignore Dremwolf Report Abuse Independence and igher prices. Now how does that work out?
Alaydown Champion Author Los Angeles Posts:5,106 Points:821,570 Joined:May 2007	Message Posted: Feb 21, 2012 8:28:55 PM Ignore Alaydown Report Abuse You voted for higher prices when you elected Obama. He promised that energy prices would skyrocket under his energy plan. Also, both he and his Energy Secretary, Dr. Chu, want gas prices at "European levels" ($8-10 per gallon) to "encourage" conservation and make "alternative" energy more competitive. If Obama changed direction and increased domestic production of oil, then "speculators" would drop the price of oil. Investors only speculate the price up or down depending on what the world supply and demand will be. People LOVE to blame "speculators," but if we had a president who believed in INCREASING the oil supply INSTEAD OF CUTTING it, then the price would drop. If you want to see the price plummet, then vote Obama out of office in 2012.
gassy4u Champion Author Mobile Posts:3,763 Points:1,326,210 Joined:Sep 2005	Message Posted: Feb 21, 2012 8:26:36 PM Ignore gassy4u Report Abuse SkyWarnTX=spammer
ekidokai Champion Author Maine Posts:8,482 Points:1,382,890 Joined:Nov 2006	Message Posted: Feb 21, 2012 8:23:18 PM Ignore ekidokai Report Abuse It's about time.
jwduke1 Champion Author Iowa Posts:15,604 Points:3,068,265 Joined:Apr 2004	Message Posted: Feb 21, 2012 8:23:05 PM Ignore jwduke1 Report Abuse Is this why they are selling gasoline to everyone out side the US?
DieselCash Champion Author Texas Posts:1,320 Points:189,405 Joined:Sep 2009	Message Posted: Feb 21, 2012 8:21:17 PM Ignore DieselCash Report Abuse that is because big oil only pulls oil out of US soil when they can make the biggest profit. When prices drop back down this will change
darkknight1 Champion Author Winston-Salem Posts:4,330 Points:894,860 Joined:Nov 2010	Message Posted: Feb 21, 2012 8:18:36 PM Ignore darkknight1 Report Abuse Doesn't seem to be helping the gas prices
cimilluca1 Sophomore Author New York Posts:193 Points:234,425 Joined:Aug 2011	Message Posted: Feb 21, 2012 8:15:23 PM Ignore cimilluca1 Report Abuse Let's think positive!
bullfrog69 Champion Author Texas Posts:2,304 Points:832,760 Joined:Nov 2009	Message Posted: Feb 21, 2012 8:12:23 PM Ignore bullfrog69 Report Abuse So why is the oil Companies still using this leverage tool to screw us!
Winston76 All-Star Author Michigan Posts:963 Points:254,585 Joined:Jul 2008	Message Posted: Feb 21, 2012 8:11:59 PM Ignore Winston76 Report Abuse This is good news, that means that gas shouldn't ever be $5 a gallon and shouldn't be affected by insignificant events that occur in the Middle East.
GigHarborHound Champion Author Tacoma Posts:2,527 Points:486,540 Joined:Sep 2011	Message Posted: Feb 21, 2012 8:11:54 PM Ignore GigHarborHound Report Abuse Yea!!!
bullseye100 Champion Author New Jersey Posts:2,419 Points:582,630 Joined:Aug 2011	Message Posted: Feb 21, 2012 8:11:30 PM Ignore bullseye100 Report Abuse We need to be free from foreign oil
PizzaMon Champion Author Philadelphia Posts:5,134 Points:1,861,530 Joined:Jun 2006	Message Posted: Feb 21, 2012 8:10:20 PM Ignore PizzaMon Report Abuse Now if we'd just stop exporting it.
CheapDiesel All-Star Author Indianapolis Posts:795 Points:174,845 Joined:Nov 2005	Message Posted: Feb 21, 2012 8:09:35 PM Ignore CheapDiesel Report Abuse America is Gaining Energy Independence in spite of the best efforts of Mr. Hussein Obama to thwart it.
nascar8806 Champion Author Oklahoma City Posts:2,368 Points:843,105 Joined:Aug 2010	Message Posted: Feb 21, 2012 8:09:02 PM Ignore nascar8806 Report Abuse Only the Obama administration would say this.
jorod55 Champion Author California Posts:1,470 Points:430,750 Joined:Dec 2011	Message Posted: Feb 21, 2012 8:08:11 PM Ignore jorod55 Report Abuse Tariff the petroleum exports.
Alaydown Champion Author Los Angeles Posts:5,106 Points:821,570 Joined:May 2007	Message Posted: Feb 21, 2012 8:07:50 PM Ignore Alaydown Report Abuse This story is complete spin to give the false impression that Obama has anything to do with this lie that we are anywhere near energy independence. In fact we are more dependent on foreign oil than we were when Carter created the Dept. of Energy in 1977. First of all, we still import 49 percent of our oil and oil products. It was 46.5 percent in 1977. Persian Gulf countries accounted for 18 percent of US imports of crude oil and petroleum products in 2010, not 15 percent as stated in the article. http://205.254.135.7/energy_in_brief/foreign_oil_dependence.cfm The only reason we are producing more oil is because Bush increased the number of leases and permits starting in July 2008. Obama has done everything possible to block domestic production of oil, especially the offshore drilling. In any case, we have a long way to go to become independent from foreign oil. Solar power and other alternative energy will not reduce our dependence on foreign oil. Only one percent of electricity in this country is produced by oil. That will never change. Our consumption of oil is primarily from our use of cars. We are generations away from changing that, so we need to increase domestic production of oil to reduce our import of it.
Winston76 All-Star Author Michigan Posts:963 Points:254,585 Joined:Jul 2008	Message Posted: Feb 21, 2012 8:04:59 PM Ignore Winston76 Report Abuse duffee01, if you're going to post a comment on here then first of all get the president's name right. Second, try to ensure that what you said makes sense.
danreino Champion Author Twin Cities Posts:8,343 Points:1,538,780 Joined:Mar 2008	Message Posted: Feb 21, 2012 7:58:54 PM Ignore danreino Report Abuse He/she is an American ?? Good to see
majorfall Champion Author New York Posts:15,736 Points:3,109,115 Joined:May 2004	Message Posted: Feb 21, 2012 7:58:29 PM Ignore majorfall Report Abuse we still need more alternative energy to get to that 100%
duffee01 All-Star Author Mississippi Posts:776 Points:427,265 Joined:Sep 2011	Message Posted: Feb 21, 2012 7:58:27 PM Ignore duffee01 Report Abuse This is the first of this BS that I've heard, must be because of North Dakotas oil find. Something that Nobama couldn't do anything about.