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Mills: Study: North America likely energy-independent by 2020

Times Record News -- North America will likely achieve energy independence by the end of the decade, according to a study by UBS.

"The American energy extraction techniques of horizontal drilling and hydraulic fracturing — combined with a structurally high relative price of crude oil — has encouraged widespread development of America's energy resources," the report titled "North American Energy Independence: Reenergized," said.

"Natural gas is so oversupplied in the U.S. that developers are curtailing production, while domestic oil producers are working to circumvent infrastructure bottlenecks to transport their supplies to refineries," according to the study's authors, Chief Investment Strategist Mike Ryan, Thematic Research Head Kurt Reiman and analyst Nicole Decker.

"As a result, natural gas in North Ame

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Submitted Oct 29, 2012 By: skb69sa
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moni1995
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Message Posted: Oct 30, 2012 10:16:14 AM
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great
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bston
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Message Posted: Oct 30, 2012 12:14:08 AM
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We've got a long way to go!
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clermont40miles
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Only if the greenies are defeated. Let freedom ring.
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us4usa
Champion Author Missouri

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Message Posted: Oct 29, 2012 10:34:15 PM
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We should be pushing NGV's, as for exporting NG jack up the export tax???
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Oct 29, 2012 10:19:01 PM
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Time will tell!!!! How many millions of dollars are the tax payers subsidizing the oil companies?????
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exyouen
Veteran Author Philadelphia

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Message Posted: Oct 29, 2012 9:52:05 PM
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US will never be energy independent
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Dodge_Me
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Message Posted: Oct 29, 2012 9:44:48 PM
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Will prices actually go down if we are independent? I don't believe it will since we are capitalist.
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lesndave
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Message Posted: Oct 29, 2012 9:42:01 PM
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Hope so
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bvrbill
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Message Posted: Oct 29, 2012 9:40:47 PM
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Diversity is the key.
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flyfast
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if we drilll
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CCLighthouse
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Message Posted: Oct 29, 2012 9:40:35 PM
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Shouldn't we be able to sell off our surplus natural gas? That would bring money back into the US of A and help balance our trade deficit. : )
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Lou08
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Message Posted: Oct 29, 2012 9:32:02 PM
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Good news for U.S.A. OPEC Can drink their Oil and play in their sand b
ox...Only 8 years,now is the time to buy that RV gas guesser. While the price are low;)!!! I
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abcdMA
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Message Posted: Oct 29, 2012 9:19:15 PM
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only with a candidate that wants to be, and will use all available options
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WIWalt
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Great
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attackninja
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Message Posted: Oct 29, 2012 9:17:59 PM
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very interesting. i think only time will tell.
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Prodaddy
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I hope it happens
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treehood
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Sounds like a good outcome. take a few dollars away from the middle east.
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acknot
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Good. Then we can finally bomb Iran!
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dasimon
All-Star Author Florida

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We'll just have to see.
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YodaON
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lower prices please
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CTarp
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Good news
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mlmeng
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Energy independent but at high prices.
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ericbcire
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Time will tell.
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Ready Eddie
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Message Posted: Oct 29, 2012 9:01:54 PM
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Do it.
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pmanning7843
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ok
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carpenter4u
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Depends on who wins in Nov.
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buzzieNY
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Well see.
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mrselfdestruct
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Wish in one hand; poop in the other, post which fills first
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dollarwatcher
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Message Posted: Oct 29, 2012 8:51:28 PM
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What's cheaper, home grown or imported? No one is saying.
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boldrph
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Message Posted: Oct 29, 2012 8:49:15 PM
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how to be independent in a global market? fool yourself!
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WIPACKERFAN
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Well see.
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gasgo123
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Only if the democrats are defeated.
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camel1
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I'll believe this when it actually happens. Projections like this are meaningless
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sickhp
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It can happen sooner if we fire the empty chair leading America on Nov 6th.
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Cyberkedi
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Sounds a bit optimistic to me - but it could happen if we really work our patooties off.
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oppdetcon
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Hope sooner...
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TxMtb
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Hope they factored in that most of that "boon" will probably go overseas for debt reduction.
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speedys
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Message Posted: Oct 29, 2012 8:43:13 PM
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Lets hope so.
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SavALot
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Bring on good ole American independency!
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comprof
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Great!
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KhelbenArunson
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sure as long as we get rid of big oil.
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BurkeDevlin
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Anybody wanna buy a bridge?
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jtfftj
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Message Posted: Oct 29, 2012 8:27:38 PM
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Did you have to pay a lot for the stuff you were smoking when you wrote that article?
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g747
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Let's speed that up soon!!!!!!!!!!!.
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swrestler
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Message Posted: Oct 29, 2012 8:21:46 PM
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This Is Will Happen Only If President Obama Is Re-elected...
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Ray_10589
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not likely ...
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bigdipperMS
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This will not happen if Obama is re-elected.
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jad1960
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We'll see.
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rjhenn
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E-Squirrel - "rjhenn complains:"

First off, that was a quote of what milespergallon posted. That's why it was labelled with his pseudonym and surrounded with quotes.

"Actually, on balance, we are not exporting "more" than we import. We import a LOT of things. If we truly exported more than we import, we would not be running a trade imbalance, requiring us to go into debt."

Secondly, he thought he was talking specifically about oil, not everything. In reality, he was only talking about refined product.
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Muskie78
Sophomore Author Ohio

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Whatevs
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