America's explosive independence plays

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Thanks for the positive story on energy in the US economy (America's explosive independence plays, November 19)
Another positive the business media have missed about US is the contraction in the size of state & local governments.
This has been a major reason for slower GDP but will ultimately lead to lower costs and more functions going to the private economy - even California are talking about a balanced state budget soon.
There is no denying the spirit of enterprise in the USA and as I have said before it is unwise to write them off (America's explosive independence plays, November 19). Who knows where the Gas boom may lead? It will certainly remain the preeminent world power for the rest of my life time given their highly developed infrastructure and industrial base.
Hmmm, the Pres. is heading our way to Asia. Maybe he could drop in and ask Paul Keating for permission to use his phrase " The recession we had to have" to use after he lets America fall off the (fiscal) cliff (America's explosive independence plays, November 19). It seems the cliff components aren't bad policy, just bad timing with growth at present so slow. Possibly with new cheap energy, the $trillions not spent overseas on energy in the next few years could act as a shock absorber for the American economy and the cliff could turn out to be a fairly painless small step in getting the economy back in order.
Add to that the fact that the US has one of the youngest and growing populations in the world and the future doesn't look too bad for them. Also with minority groups increasing and women voters becoming more active would seem that the US might also start to fix its inequality issues and rebuild its middle class which is after all the engine room of any advanced economy. (America's explosive independence plays, November 19)
Everyone has their day in the sun. Be kind to others on your way up etc... (America's explosive independence plays, November 19).
.... and all of this supposes we can just keep burning fossil fuels.
The droughts, storms, floods in the last 12 mths in the US shows where that is leading us.
Seems like we humans think we can have our cake and eat it too.... physics is very unforgiving .... (America's explosive independence plays, November 19)
With regard to Israel, abundant U.S. energy strengthens its and America’s position. America’s support for Israel has always had to balance the interests of Arab petro-states given America’s dependency on oil with Arab hostility to Israel creating a tension in these objectives. An energy abundant America would mean an end to this tension and a freer hand in its promotion and support of Israel. (America's explosive independence plays, November 19)
An incisive analysis of a closely though softly held American agenda since Gulf War #1, Alan. (America's explosive independence plays, November 19)
The fact that short term greed along with the requisite political avarice that led to oursourcing one's own productivity has helped make China and other nations into some of the world's best productivity based capitalists is finally dawning, at least in the good old US of A.
What is the likelihood of countries like China taking over the 'peace keeping' role in the middle kingdom?
At the moment Australia is in a similar position to the USA as:
Australia's net-oil imports have increased from 12,000 bpd in 2000 to 519,000 bpd in 2011
Australians consumed just over 1 million bpd of crude oil and petroleum products in 2011
Australia’s oil production dropped by 41% from the peak of 819,000 bpd in 2000 in 2011
Rising demand and falling production mean that in 2011 Australia had an estimated trade deficit in crude oil and refined petroleum products of $18 billion, which is likely to increase. (America's explosive independence plays, November 19)
However Australia may be given a second chance as recent exploration by a number of ASX listed companies indicate that Australia has several promising very large, highly prospective basins in central Australia, Victoria and at the top end of Western Australia. If these become oil producing fields then our dependence on Middle East oil imported via Singapore will put us once again on the path to oil independence.
George W Bush's observation years ago that USA's addiction to "cheap" [arab] oil was the cause of most of their economic "ills" would seem to be unexpectedly prescient for him & his legacy? (America's explosive independence plays, November 19).
Shades here of Paul Theroux's futuristic novel O-Zone where the hydorcarbons are a waste product of fresh water production.
As goes the US in recovering great volumes of carbon fuels from its territorial zones so too will the rest of the world. The owners of hydrocarbons may no longer be friends you must have (America's explosive independence plays, November 19)
It's interesting to observe that in decades of justifying American Corporations' export of jobs to China, energy costs were never used as an excuse for going offshore.
It was always labour costs. (America's explosive independence plays, November 19)
Now we see that corporate lobbying in Washington has reduced unskilled wages levels in America to sub poverty levels, while East Coast China wages are becoming fair and reasonable.
That wouldn't have anything to do with corporate America's new found love of its own country as a manufacturing centre would it?
Yep! (America's explosive independence plays, November 19)
Here's a tip Alan - stick to finance, which you're good at, and leave geopolitics to the experts (America's explosive independence plays, November 19). Piling erroneous conclusions on false assumptions is the worst sin in logic, and in journalism, too.
I'd encourage readers to also consider Dave Summers' ("Heading Out"'s) analysis on The Oil Drum site: http://www.theoildrum.com/node/9630. (America's explosive independence plays, November 19)
Thanks Alan, always good to read, your analysis (America's explosive independence plays, November 19).
For those (few), that do not understand that the world economy, has been restructured, lets show the new measuring stick.
Energy, is the new way, to measure the value of currencies. No, longer do we need to trade currencies, to smooth out the political rubbish.
Or to punish, those that take advantage of tarrifs, or slave like wages. Or the exploitation, of child labour. No, it will remain in the hands, of pure physics. You want to make something, it will be costed against energy price.
The next government of Australia, will understand this and embrace, this new paradigm.
Its a whole new world coming up and the only thing that is for certain is that Australia my not be in a such a good position having squandered its mineral, oil and gas advantages. When we all are poor then the recriminations will begin as to why the US could escape its abysmal debt whilst we could only ever sell our valuable assets to foreigners (America's explosive independence plays, November 19).
Childhood dreams begin with Santa Claus and the tooth fairy as sources of unexpected joy. Religion fills the gap left by these in later years with the idea of a rescuing and intervening deity. And then there are the dreams of a lottery windfall, the advent of Miss Wonderful or Prince Charming.
The past is replete with rescuing heros from Brunnhilde to Perseus - but it is all fairy stories and mythology in the end. Isn't this tale of a future abundance of cheap gas with an American accent (America's explosive independence plays, November 19) just another one - another messianic intervention to add to the list called "future promise"?
Spin as you will, cheap energy will not provide universal prosperity in a society that depends on inequality for its social, economic, and political structure. An abundance of energy is not like a magic wand that suddenly turns people away from harsh competiton and bullying to co-operation, consensus and the common good.
Sorry but it is not happening, not here, not America, and not anywhere. You might talk the markets up with a misplaced and overspun optimism, but there is no real fabric to this dream. It might provide the excuse to continue an unregulated market economy, but it won't protect people from the detrimental consequences of globalised market economics. At best the gas will be transported to the source of the cheapest labour just as our coal heads in that direction already. Be honest - do you really not see what is going on?
The export of cheap energy sources from America will ensure - just as it does here, that unprotected labour under a democratic and more egalitarian society will be further unable to compete with slavery, political prisoners and whole nations under totalitarian rule.
It will be the energy shipping companies that make a fortune out of this. Away from the resource areas local business will flounder as working people and much of the middle classes continue to go to the wall, whilst democracy itself reverts to being the stuff dreams are made of.
My understanding is that Australia has huge reserves of LNG (America's explosive independence plays, November 19).
If that is correct, why doesn't that put us in a similar position to the USA, regarding
fuel and why are we not all using LNG at local prices to fuel our cars etc?
You can become energy independent via renewables too and that is a solution that keeps the planet liveable (America's explosive independence plays, November 19).
Key opinion leaders PWC, Nature, fund manager Jeremy Granthman all acknowledge that the climate issue is an emergency.
It is crucial that it becomes part of any discussion about continuing burning fossil fuels. We don't have the luxury of ignoring physics.
Good article regarding the US independence of domestic oil and gas production (America's explosive independence plays, November 19). I foresee a US that will force the price of gas and oil with their new found "wealth" so to speak. This does not bode well for our oil and (especially) gas industry that is overpaid and back in the dark dim days of the 80s with regards to Industrial Relations. Martin Ferguson who incidentally is the only politician worth his weight in gold would (if he could) tell you that the costs blow outs for our O&G industry is unsustainable and for this we can thank our PM and her bunch of 20th Century thinkers in the ALP. By the way the car industry should be left to its own devices-sink or swim! No more tax payers dollars for Ford/Holden/Toyota, its a disgrace!!
Alan,
For heaven's sake stop parroting what the yanks say (America's explosive independence plays, November 19). Do your own checking of the numbers, field by field and you will find that US conventional oil production will top out at 7.3 mmbbls/day then resume the ineviable fall.
You need to check the figures cobber!
Alan, maybe its just upgrading the energy source. Heard of plasma weapons? White sands in New Mexico, has had an unlimited budget since the second world war.
Anyway, back to covalency, that is when you have molecules that can interchange electrons.
Funny thing carbon, we have C02, we have diamonds, coal, oil and gas. However, if you could use high pressure C02, to remove gas, from the ground, you would make a lot of money and be popular with the climate scientists.
If you found the right temperature for the CO2, a covalent bonding with the gas, would occur and you wuld get large ammounts of Kerogen oil.
Funny thing carbon! (America's explosive independence plays, November 20).
Whats the average production profile of tight and/or fracked oil & gas wells?
Still, I suppose thats a long enough bubble for the insiders to gouge the mug punters. Again. (America's explosive independence plays, November 19)