USA, Largest Energy Producer ?

[seer]

Great news!

The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said.

U.S. production of crude oil, along with liquids separated from natural gas, surpassed all other countries this year with daily output exceeding 11 million barrels in the first quarter, the bank said in a report today. The country became the world’s largest natural gas producer in 2010. The International Energy Agency said in June that the U.S. was the biggest producer of oil and natural gas liquids.

http://www.bloomberg.com/news/2014-0...ing-saudi.html

[seanD]

Via fracking, so at what cost?

[seer]

Consider the source.

What? Bloomberg? International Energy Agency?

[seanD]

What? Bloomberg? International Energy Agency?

BofA, but I edited the post because I realized it's not that relevant compared to how they're extracting the oil.

[seer]

Via fracking, so at what cost?

There is cost for everything we do.

[seanD]

There is cost for everything we do.

Well, yeah, so then you have to weigh the trade-off. Is increase frequency in earthquakes and contaminated well water (among other effects) for increased oil production a reason to celebrate

[seer]

Well, yeah, so then you have to weigh the trade-off. Is increase frequency in earthquakes and contaminated well water (among other effects) for increased oil production a reason to celebrate

Fueling our economies, keeping people out of poverty, and from freezing. The growing of food and distribution for an increasing population to stave off starvation are reasons to celebrate.