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BP Projection: U.S. Will Be Energy Self-Sufficient By 2030

US News -- Vast stores of natural gas and oil found in shale formations could make the U.S. a global energy leader

Surging domestic production of shale gas and oil means the United States could be virtually energy self-sufficient by 2030 according to a report released Wednesday by British Petroleum.

That could in turn have "major impacts on trade balances," the report said, as global energy demand in developing countries ramps up contributing to a 36 percent growth in overall demand.

"The outlook shows the degree to which once-accepted wisdom has been turned on its head," Bob Dudley, BP Group Chief Executive, said in a press release. "The U.S. will not be increasingly dependent on energy imports, with energy set to reinvigorate its economy. And China and India are expected to need a lot more impor

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Submitted Jan 17, 2013 By: skb69sa

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honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Jan 20, 2013 12:46:49 AM Ignore honda0105 Report Abuse we will be less energy dependent, but never self-sufficient, and definitely not independent.
Rhino8of8 Champion Author Wisconsin Posts:1,256 Points:376,440 Joined:Jan 2012	Message Posted: Jan 18, 2013 8:44:34 AM Ignore Rhino8of8 Report Abuse It'll never happen. Sure, there might be enough produced to BE self sufficient, but pricing will get plenty of it exported, and I think there will still be some imported.
yardslave Champion Author Oklahoma City Posts:2,570 Points:599,730 Joined:Dec 2005	Message Posted: Jan 18, 2013 6:01:17 AM Ignore yardslave Report Abuse Time will get us there...
tomok Champion Author Portland Posts:33,083 Points:2,348,435 Joined:Aug 2006	Message Posted: Jan 18, 2013 3:09:40 AM Ignore tomok Report Abuse U.S. Will Be Energy Self-Sufficient By 2030? What does BP know, how to spill oil into the gulf? Self-Sufficient? Not when Big Oil and Big Gas sells fuel and natural gas on the world market for higher prices. The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! The price at the pump needs to go down to $2/gallon - $3, $3.50/gallon or *$4.00 is Not the new low! More Refineries are Not the answer, the answer is Stop Exporting Fuel! Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII! - The Day After......
comprof Champion Author Houston Posts:6,875 Points:1,359,675 Joined:Jul 2009	Message Posted: Jan 17, 2013 10:56:42 PM Ignore comprof Report Abuse Oh but this would strengthen America. There is no way this lying, Marxist POTUS will allow that to happen.
bullfrog69 Champion Author Texas Posts:2,304 Points:835,760 Joined:Nov 2009	Message Posted: Jan 17, 2013 10:43:53 PM Ignore bullfrog69 Report Abuse I'll probaly be dead by then! And even if there is a world here by then!
DJE1 Sophomore Author Los Angeles Posts:103 Points:136,185 Joined:Oct 2012	Message Posted: Jan 17, 2013 10:41:28 PM Ignore DJE1 Report Abuse Would be nice
CCLighthouse Champion Author Hartford Posts:1,018 Points:215,955 Joined:Aug 2012	Message Posted: Jan 17, 2013 10:31:31 PM Ignore CCLighthouse Report Abuse Only if we are allowed to be. And it could be a lot sooner if we had more refinery capacity. : )
jwkycola All-Star Author Columbia Posts:817 Points:534,650 Joined:Jul 2011	Message Posted: Jan 17, 2013 10:31:05 PM Ignore jwkycola Report Abuse Ok. Yeah, we'll see.
chikilla2486 Rookie Author Twin Cities Posts:50 Points:22,890 Joined:Dec 2012	Message Posted: Jan 17, 2013 10:30:31 PM Ignore chikilla2486 Report Abuse Hope to be there to see
g747 Champion Author Mobile Posts:4,551 Points:935,620 Joined:Jul 2009	Message Posted: Jan 17, 2013 10:30:11 PM Ignore g747 Report Abuse We need to be independent from foreign oil forever!!!!!!!!.
MRED3 Champion Author Jacksonville Posts:4,014 Points:932,855 Joined:May 2009	Message Posted: Jan 17, 2013 10:28:19 PM Ignore MRED3 Report Abuse Wiil see
MG_Sputnik Champion Author Philadelphia Posts:7,320 Points:1,963,330 Joined:Apr 2006	Message Posted: Jan 17, 2013 10:27:22 PM Ignore MG_Sputnik Report Abuse Yeah as long as they don't blow up any more rigs!
DrLyon Champion Author Michigan Posts:6,660 Points:1,213,780 Joined:May 2006	Message Posted: Jan 17, 2013 10:26:42 PM Ignore DrLyon Report Abuse Only if domestic oil is all used domestically...
checkitnow Champion Author Atlanta Posts:2,051 Points:574,495 Joined:Aug 2010	Message Posted: Jan 17, 2013 10:26:02 PM Ignore checkitnow Report Abuse more domestic supply is the answer
PoohMcGoo Champion Author Alabama Posts:3,077 Points:802,635 Joined:Dec 2010	Message Posted: Jan 17, 2013 10:22:47 PM Ignore PoohMcGoo Report Abuse Ok
drunkhabib Champion Author North Carolina Posts:20,679 Points:2,968,570 Joined:Oct 2003	Message Posted: Jan 17, 2013 10:20:48 PM Ignore drunkhabib Report Abuse we gonna be too broke to drive by then
hartman Champion Author Lansing Posts:1,397 Points:908,275 Joined:Jul 2007	Message Posted: Jan 17, 2013 10:20:03 PM Ignore hartman Report Abuse Ok
30mpg80 Champion Author Lexington Posts:10,061 Points:1,489,805 Joined:Nov 2008	Message Posted: Jan 17, 2013 10:19:25 PM Ignore 30mpg80 Report Abuse Who cares which year?
DEG Champion Author Las Vegas Posts:17,635 Points:3,497,630 Joined:Jul 2003	Message Posted: Jan 17, 2013 10:18:43 PM Ignore DEG Report Abuse Too bad the Obama administration has held up drilling on federal lands. We might become self-sufficient earlier than 2030 if it weren't for the tree-huggers.
FlyNFool Champion Author South Carolina Posts:8,254 Points:1,687,900 Joined:Aug 2008	Message Posted: Jan 17, 2013 10:18:19 PM Ignore FlyNFool Report Abuse ok
TBRR Champion Author Jacksonville Posts:3,672 Points:599,320 Joined:Dec 2007	Message Posted: Jan 17, 2013 10:13:37 PM Ignore TBRR Report Abuse my2002m: hit the nail on the head. there are two ways to enslave a nation, one by sword, the other by debt.
Cyberkedi Champion Author Atlanta Posts:13,371 Points:2,317,615 Joined:Aug 2005	Message Posted: Jan 17, 2013 10:13:05 PM Ignore Cyberkedi Report Abuse That would be nice. Then maybe we could force Saudi Arabia to treat women as if they are above cockroaches.
my2002m Champion Author Tulsa Posts:6,088 Points:1,672,455 Joined:Jul 2008	Message Posted: Jan 17, 2013 10:11:57 PM Ignore my2002m Report Abuse Not with this administration.
OOXXFF Champion Author Greensboro Posts:3,073 Points:1,081,355 Joined:Sep 2009	Message Posted: Jan 17, 2013 10:08:36 PM Ignore OOXXFF Report Abuse Is this good news?
BossPal All-Star Author Illinois Posts:552 Points:241,535 Joined:Mar 2012	Message Posted: Jan 17, 2013 10:08:01 PM Ignore BossPal Report Abuse UNITED sTATES OF cHINA?
meg1561 All-Star Author Columbus Posts:725 Points:130,195 Joined:Jul 2011	Message Posted: Jan 17, 2013 10:07:49 PM Ignore meg1561 Report Abuse Do you really trust what BP says?
ericbcire Champion Author Nevada Posts:4,535 Points:1,269,660 Joined:Aug 2009	Message Posted: Jan 17, 2013 10:07:42 PM Ignore ericbcire Report Abuse Time will tell.
kymechanic All-Star Author Kentucky Posts:909 Points:575,620 Joined:Mar 2011	Message Posted: Jan 17, 2013 10:03:04 PM Ignore kymechanic Report Abuse China will own the U.S.A. by 2030.
wulf2000 Champion Author Miami Posts:3,037 Points:1,391,630 Joined:May 2005	Message Posted: Jan 17, 2013 10:02:32 PM Ignore wulf2000 Report Abuse Nobody can predict what will happen 17 years from now.
skempton Champion Author Vermont Posts:1,149 Points:840,135 Joined:Apr 2010	Message Posted: Jan 17, 2013 10:02:26 PM Ignore skempton Report Abuse Will BP be around in 2030?
Spirits All-Star Author Florida Posts:911 Points:372,800 Joined:May 2008	Message Posted: Jan 17, 2013 10:01:56 PM Ignore Spirits Report Abuse Could be are the key words.
livedream Champion Author Michigan Posts:3,695 Points:757,010 Joined:Mar 2011	Message Posted: Jan 17, 2013 9:58:28 PM Ignore livedream Report Abuse Excellent comment by bull2010 - I agree 100%.
jb107 Champion Author New Jersey Posts:9,564 Points:2,623,950 Joined:Sep 2005	Message Posted: Jan 17, 2013 9:58:09 PM Ignore jb107 Report Abuse It will be good to be rid of OPEC.
bull2010 Sophomore Author Houston Posts:137 Points:458,680 Joined:Dec 2010	Message Posted: Jan 17, 2013 9:55:00 PM Ignore bull2010 Report Abuse We need lower oil prices! Dont care about oil company,s record greedy profits for last 20+ years. P,S, Mr funker careful who you call a fool in our country! Look who you work for.
Blue48 Champion Author Illinois Posts:7,320 Points:1,640,870 Joined:Feb 2007	Message Posted: Jan 17, 2013 9:54:37 PM Ignore Blue48 Report Abuse ARE WE SURE ABOUT THAT!
ezone Champion Author Florida Posts:2,421 Points:948,610 Joined:Oct 2008	Message Posted: Jan 17, 2013 9:53:57 PM Ignore ezone Report Abuse Sounds very plausible, but they haven't taken into account what Obozo is doing (and will continue to do) to prevent America from becoming energy independent.
WIWalt Champion Author Wisconsin Posts:1,741 Points:418,470 Joined:Mar 2012	Message Posted: Jan 17, 2013 9:51:08 PM Ignore WIWalt Report Abuse hope so
dasimon All-Star Author Florida Posts:556 Points:573,050 Joined:Mar 2011	Message Posted: Jan 17, 2013 9:48:45 PM Ignore dasimon Report Abuse Yeah sure
toadNY Champion Author Albany Posts:7,057 Points:1,516,075 Joined:Apr 2008	Message Posted: Jan 17, 2013 9:46:29 PM Ignore toadNY Report Abuse Will we still be a country in 2030?
Bleeder Champion Author Virginia Posts:8,038 Points:1,700,375 Joined:Jan 2008	Message Posted: Jan 17, 2013 9:45:18 PM Ignore Bleeder Report Abuse I hope they are right.
preacherjohn Champion Author Modesto Posts:3,998 Points:1,921,670 Joined:May 2006	Message Posted: Jan 17, 2013 9:42:45 PM Ignore preacherjohn Report Abuse Maybe
Prodaddy Champion Author Houston Posts:8,390 Points:1,897,135 Joined:May 2007	Message Posted: Jan 17, 2013 9:41:39 PM Ignore Prodaddy Report Abuse I would prefer 2020
munch252 Veteran Author Cleveland Posts:282 Points:138,235 Joined:Aug 2012	Message Posted: Jan 17, 2013 9:39:41 PM Ignore munch252 Report Abuse hope so
mrbee Champion Author Little Rock Posts:3,769 Points:2,468,605 Joined:Oct 2005	Message Posted: Jan 17, 2013 9:32:54 PM Ignore mrbee Report Abuse They have no idea.
clermont40miles Champion Author Cincinnati Posts:10,588 Points:1,774,820 Joined:Apr 2008	Message Posted: Jan 17, 2013 9:30:22 PM Ignore clermont40miles Report Abuse That guess is as good as any. If BHO is still president, I don't think so. He no like the USA so much.
ILoveGoldens All-Star Author Kentucky Posts:901 Points:378,880 Joined:Aug 2011	Message Posted: Jan 17, 2013 9:27:34 PM Ignore ILoveGoldens Report Abuse Endoman5000 - You are brilliant!
sickhp Champion Author San Antonio Posts:1,389 Points:519,080 Joined:Sep 2011	Message Posted: Jan 17, 2013 9:26:18 PM Ignore sickhp Report Abuse Drill baby drill in all of America.
rampower80 Champion Author Kentucky Posts:2,054 Points:464,615 Joined:Jan 2012	Message Posted: Jan 17, 2013 9:24:40 PM Ignore rampower80 Report Abuse Awesome. Just hope it isn't a whole lot of bluster and is grounded in fact.
TDIdave Champion Author California Posts:5,068 Points:1,226,690 Joined:May 2006	Message Posted: Jan 17, 2013 9:24:16 PM Ignore TDIdave Report Abuse Energy independence is a myth.