AEIdeas

The public policy blog of the American Enterprise Institute

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Discussion: (11 comments)

  1. MacDaddyWatch

    The broad and deep application of technology to the oil/natural gas patch is creating wealth, capital, prosperity, jobs, incomes, cheap feedstocks for dozens of industries and even tax receipts. A resulting higher standard of living is win-win for everyone.

    If Adam Smith were alive to update his Wealth of Nations first published in 1776, then he surely would have included a chapter on fracking.

  2. fgarret

    my interest are as to nd long term activity

  3. spragus

    Your headline that the US produced more petroleum products than SA etc is “misleading”, to say the least. For you to say that the US produces more oil products than just SA is “silly”. You need to revise your “comparisons’.

  4. spragus

    WOOPS. LOOKS LIKE I WASN’T LOOKING CAREFULLY. YOU’RE RIGHT.

  5. Benjamin Cole

    At this point, I think the real question is: Are we headed for an oil price collapse?

    Indeed, what if Saudi Arabia plans to boost production for a year or two and wipe out rival oil producers?

    Or what if oil supplies—at $80 a barrel—swamp demand? Then we will se lower prices, obviously.

    Obama doesn’t strike me as being a Saudi Arabian catamite, the way “George “Short Pants” Bush jr. was.

    Not sure what Obama would do if falling oil prices threaten to reduce domestic production. Probably form a committee.

    1. Che is dead

      “Note that Mark and the other promoters have stopped hyping up shale gas …”

      No, he simply noted the speed with which producers moved from gas to oil and other associated liquids.

      Try to keep your head out of your ass long enough to actually read his posts.

  6. The exponential development of oil and natural gas in the U.S. is providing our economy stability in an otherwise increasingly uncertain time. While other industries are still suffering, oil and gas has emerged as the top job creating sector in the nation. Moreover, these workers are earning higher wages compared to other industries.

  7. It’s amazing that there are so many people (only one here so far) who claim to have knowledge of a subject and yet are so unintelligent that they do not know how to express themselves without using filthy language. And as long as such language is allowed in the comments I will not pass along the information no matter how important it might be.

    1. LOL

      OK.

  8. I guess you mean Western Europe ex-Russia plus S. America and Central America? Russia produces about 12 million bpd the last time that I looked.

    Great post!!

  9. Never mind, I erred. The US is #1.

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