Oil Provides Options
This Is What Energy Security Looks Like
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  • Corlyss

    Back in 2005-6 Batchelor used to open his nightly broadcasts with “Energy Secruity! Doesn’t exist!” and move directly in the latest story of some middle-east h*l*l-hole that was interfering with the oil market.

  • Jacksonian_Libertarian

    The Energy Information Agency has consistently and massively underestimated the development of US oil resources. Not only are more and more wells on private land being developed but the productivity of the new wells continues to increase (which makes them much more profitable, and drops the break even point from ~$80 per barrel to ~40 per barrel). Also, the development of Government owned land has yet to be begun because of Obama blocking at the National level, and Democrats blocking at the State level in places in the North East, and California. The trends at the moment are for even more added production next year than were added this year, and the year after that, so that 2 years from now production will be 3+ million barrels higher than it is now. There is no reason to expect US production to stop increasing until it actually does stop. I expect production to continue to rise until a supply glut forces prices down enough to make new development unprofitable.

  • Jim__L

    And yet, the Obama administration’s policies somehow keep gas at $4/gallon.

    Heckuva job, Barry.

  • Nick

    Energy security is not just having our own source of oil. Its keeping the dollars here, jobs here, and reducing the flow of dollars to terrorist supporting groups. In 2002, all my friends couldn’t ask me to shut up enough about how we had to develop our own resources, including gas and oil, and to develop nuclear power, in order to get us away from dependence upon foreign sources. Now, over ten years later, they ask me, how did you know???

    I’m surprised that one of my most thoughtful and bright sources of news didn’t include this….

  • free_agent

    You write, “Barring some sort of move to oil isolationism”.

    I can easily imagine a move to oil isolationism if the US becomes a net exporter. If some foreign supply disruption causes US oil prices to spike, the temptation to limit exports (shifting the pain from citizens to foreigners) will be immense. Didn’t we have a ban on exporting LNG until recently?

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