Friday, February 10, 2012

Blog # 4 Americans Gaining Energy Independence With U.S. as Top Producer

This article states that with in the past 20 years the US is finally closing in on being the largest exporter of energy in the world.  And although The US might not be exporting as much crude oil as it would like, it makes up for the amount of Natural Gas that it has.  Being the top exporter of energy is a goal that the US has been trying to obtain for more than 40 years ever since the 1970's when an Arab oil embargo triggered a recession and which then led to lines at gasoline stations. But one might not have seen this or ever know until now due to lack of publicity and lack of an energy crisis.   The US is exporting 22.4 trillion cubic feet of natural Gas, compared to Oil that exports 5.7 million barrels a day.  The US Department of energy, is also at this moment in the process of moving facility's to take advantage the natural gas, and moving facility in to new areas such as Louisiana, and North Dakota.  Later on in the article it talks about how the Arab Oil embargo in the 1970's, affected this nation and how we are now still reliant upon them for oil, and that they are or will be reliant upon us for natural gas.  And with this new uprising of the US as a head energy exporter will bring over 1.6 million new jobs to areas like Mississippi, North Dakota.  For the most part I am glad to see that the US is doing something in the world, other than being a massive consumer.  Which means that we still have some kick left in this old horse.  The article brings new ideas and hope to a nation that really needs it at this point and time, but i just hope that something is actually done and can be seen by the American people.  If not it might be a scary thing to say we are the best and we are doing this, and that, but with out evidence?  The down side to this article would have to be the lack of information about what this new export giant is doing to help Americans at the pump.  It talks about how he Arab Oil embargoes in the 1970's hurt Americans at the pump and are still hurting them to this day,  but the article lack information about new technology and such that would help us benefit form this commodity.  Its one thing to have all of this gas but its another to have it all and know how to use it. 


http://www.bloomberg.com/news/2012-02-07/americans-gaining-energy-independence-with-u-s-as-top-producer.html

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