Energy security, not independence, should be nation’s shale endgame
May 22, 2013 at 3:49 pm by Emily Pickrell
The United States’ newfound energy prosperity unleashed by shale discoveries should be used for energy security rather than energy independence, according to a report released by Deloitte on Tuesday.
The relatively new abundance of shale-sourced energy has left many believing that it could set the United States on a course to energy independence. As oil production from domestic shale plays has surged, imports have dropped from 60 percent of the nation’s oil supply in 2005 to less than 40 percent today, Deloitte author Joseph Stanislaw wrote in the report.
But Stanislaw cautioned that nation’s shale resources are finite and should be used in part to finance longer-term investment in renewable energy.
“We are in a world of energy abundance, not energy scarcity. But abundance doesn’t mean that we should make mistakes,” Stanislaw told FuelFix. “Abundance means we have the time to make alternative investments, both from the private sector and through government involvement.”
Shale effect: Global oil boom forcing Saudi Arabia to cut oil production
While the U.S. arguably could produce enough energy to sustain itself, its economic and geopolitical ties to the rest of the world make energy independence meaningless, Stanislaw wrote. The danger of climate change and the impact of increased carbon use throughout the world will affect the entire globe. Renewable energy could be the answer to both these issues, providing both economic wealth and a long-term energy future for the country, Stanislaw said.
While knowledge of shale oil and the hydraulic fracturing technology have existed for decades, recent technology advancements have driven the boom, and Stanislaw expects that it is new technology that will make renewable energy advances more achievable.
There are several ways the federal government can speed up the
"Not enough refineries in the us. Too many restrictions -red tape. (democrats) is the word."
Really?!?!?! Then riddle me this...
1) While number of US refineryies has declined significantly since 1980, the refining capacity in the US has significantly increased
2) If there are not enough refineries in the US, where does all the fuel we use come from? I don't see many cars on the side of the road w/o gas. I see plenty of service stations (boy, oh, boy, is that a minomer these days) and they all seem to have plenty of fuel.
3) If there are not enovugh refineries in the US, how come we are exporting millions of bbls every day of gasoline and diesel?