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Kicking the habit; the path to U.S. energy independence

Thursday, March 07, 2013 - 01:53

Mar. 7 - Oil and gas CEOs and top analysts at IHS CERAWeek describe what energy independence would mean for the U.S. and beyond.

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I think it puts us in a more secure position and and a better bargaining position when it comes to dealing. The -- -- world there are staples of machine so in that sense it's a positive thing for the US geopolitical perspective. I think the worries and places like the golf and obviously sat rate is that the US loses interest what does that mean in terms of our security umbrella for them. There will be -- decrease. In imports by the United States does these massive structures. Yes but it was still need. -- 3.4. Million barrels a day. And Canada will creating vehicles all of and -- last we see petrochemical production. And exports of Patrick -- it's from the US about to expand in a very big way about one point seven million jobs created last year. Is this unconventional gas tax. Apple grow in the next few years to 20/20 to about three and like 2035 which about 3.5 with the big changes. And -- approved by rail and we are now moving about 525000. Barrels a day these are really large numbers and we see a pathway exceed a million plus. Barrels per day I think the greatest amount of activity today is US oil and gas exploration and there's been a lot of pride and it raised it's. Pure amount of broke -- his integrity and passed this test can be very very early innings. This revolution. Every time we think the revolution is over you know. -- ten years from now they may be new techniques new approaches in fact it's a better bet that there will be there won't be. So we can come back into this all over again.

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Kicking the habit; the path to U.S. energy independence

Thursday, March 07, 2013 - 01:53