Saudi America? North America faces challenges on path to energy independence - Energy & Resources | The Irish Times - Mon, Apr 28, 2014
Some of you may have missed this article in the Irish Times. . . .okay, everyone missed it in the Irish Times.
Interesting view from the Old Country, so to speak.
And what a remarkable change we've seen. The US was an oil exporting country up through the Second World War, but an importing one by the 1960s. We were desperately dependent on Middle Easter oil by the early 1970s.
Now, we're a net energy exporter (which is different from just considering oil alone) and there's a move to open up the export ban on oil. This all brought about, really, by technology in the oil patch. At the same time, American fuel consumption has gone flat, something was never really expected, and may actually start to decline.
No comments:
Post a Comment