"US seen overtaking Saudis as biggest oil producer"

Sounds absolutely crazy but is this suppose to add some confidence to the people of the United States? Link

The United States will become the world's largest oil producer by around 2020, temporarily overtaking Saudi Arabia, as new exploration technologies help find more resources, the International Energy Agency forecast on Monday

Don't see how that's possible when we have a couple of refineries..one goes down and gas shoots way up...I can see us lowering the cost of gas if they would just build a few more refineries...I find it funny that so much oil comes into this country only to be refined and shipped back out to other countries...what a joke

reply to post by chrismarco


Go ahead and frack off .. Maybe the surplus in oil exports saved in Canada will drive our prices down .

Originally posted by freedomSlave
reply to post by chrismarco

 

Go ahead and frack off .. Maybe the surplus in oil exports saved in Canada will drive our prices down .

edit on 12/11/12 by freedomSlave because: (no reason given)

It won't work that way. As soon as the Keystone pipeline is finished, we will see hyper inflation in the US and probably Canada as well. Right now they are using inflation to play games in the international market to enable the UK and the EU to import oil( a kind of shell game, sacrificing the dollar to keep the Euro and Pound afloat). Once the pipeline is finished, they won't need oil from anywhere in the world other than Canada and the USA. So in order to maximize oil for the UK and EU, and supply the UK and EU with cheap oil so they can recover from the global depression, they are going to instigate a full blown hyper-inflation depression in America. They want it so American's wouldn't be able to afford oil so they could have it all. Just like the UK did to India.

www.slate.com...

EDMONTON—Despite the fact that we are running out of natural gas, and that we import 49% of the oil we consume, NAFTA dictates that Canada’s government cannot reduce the percentage of oil and gas we now export to the United States even in times of domestic shortages. A new report released today by the University of Alberta’s Parkland Institute and the Canadian Centre for Policy Alternatives (CCPA) says that the only solution to this and other potential scenarios is for Canada to pull out of NAFTA’s “proportionality” clause.

citizenshift.org...

So maybe we can finally get rid of NAFTA?