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Page added on July 30, 2018
Perry: ‘Energy independence within our grasp’
“True energy independence is finally within our grasp… with America becoming a net natural gas exporter,” according to U.S. Secretary of Energy Rick Perry.
“For too long, Russia has enjoyed near-monopoly status as the main supplier of natural gas to our European allies… Simply stated, the U.S. wants to help our partners increase their energy security by increasing the diversity, not only of their supply, but of their suppliers as well.”
23 Comments on "Perry: ‘Energy independence within our grasp’"
Go Speed Racer on Mon, 30th Jul 2018 3:57 pm
L O L !!!
Can’t believe everything
coming out of Trump Admin.
They deliberately spout 70% bullshit,
as policy, so their critics are overloaded
beyond responding anymore.
Jerome Purtzer on Mon, 30th Jul 2018 4:34 pm
Perry is as competent at being energy secretary as Trump is at being President. Completely utterly bone stupid administration. Bring on Kim Kardashian as lip gloss secretary.
MASTERMIND on Mon, 30th Jul 2018 4:50 pm
Jerome
Yup..The lunatics are running the asylum..
chico on Mon, 30th Jul 2018 4:56 pm
of all the people i thought would know better, here comes Rick Perry. He of all people should know that the US will never be energy independent. Keep on spinning the BS.
DMyers on Mon, 30th Jul 2018 6:29 pm
America is a net natural gas exporter, therefore true energy independence is within its grasp.
I must have missed the “every country that is a net exporter of natural gas is likely to attain true energy independence” that would make this true.
Sissyfuss on Mon, 30th Jul 2018 7:44 pm
Just don’t ask Ricky boy to list the reasons why we will become energy independent. He loses his train of thought quickly and then his train runs off the cliff. Ricky boy is akin to the musicians on the Titanic.
DMyers on Mon, 30th Jul 2018 8:05 pm
Sissyfuss, I don’t know enough about Ricky Boy to concur with all you said. But “[R]icky boy is akin to the musicians on the Titanic” rings true.
peakyeast on Mon, 30th Jul 2018 8:09 pm
Independent without complete qualifications can mean anything.
USA and the rest of the world is still completely dependent on small holes with straws in the ground.
Makati1 on Mon, 30th Jul 2018 8:32 pm
The Us IS full of gas. The kind from the human orifices, not the ground. More BS from the insane.
MASTERMIND on Mon, 30th Jul 2018 8:41 pm
US shale oil reminds me of non fat yogurt..
DMyers on Mon, 30th Jul 2018 9:10 pm
MM: “US shale oil reminds me of non fat yogurt..”
I have a similar boding. But this is all resolved by heavy oil. We just mix them up and get what we want, high fat ice cream.
And what a beautiful thing, this almost divine completion. The refineries love it, the drivers love it, and I would not hesitate to say, God loves it, as well.
Makati1 on Mon, 30th Jul 2018 9:48 pm
DMyers: Satire or are you catching the MM/Davy delusion flu? Refineries are designed to refine one raw material, not adjustable as you assume.
“When was the last refinery built in the United States?”
https://www.eia.gov/tools/faqs/faq.php?id=29&t=6
The last sizable (550,000 bbls/day)refinery was built in 1977, 40 years ago.
[ Side note: The Us was consuming 18.4M bbls/day in 1977. What happened? Oh, that’s right! The Us exported most of its manufacturing to Asia after that. So, the Us actually consumes a lot more than the 19+M bbls/day it claims, as imports. Energy independent. LMAO! ]
The latest Us refinery has a daily capacity of… TRUMPETS PLEASE …42,000 bbls/day. WOW! That is 0.002% of the daily oil consumption in the Us. No new refineries, of significant size, will ever be built in the Us again. The resources are too variable and fragile. The cost of refineries is too high. And the time to build is too long in an uncertain market. No guaranteed profit equals no construction.
The Newfie on Tue, 31st Jul 2018 7:03 pm
The USA imports 10 million barrels of oil a day. They are not going to be energy independent anytime soon.
Makati1 on Tue, 31st Jul 2018 7:09 pm
The Newfie, it may happen sooner than they think but it will be because their economy has collapsed and there is no need or ability to purchase. There was not much demand for oil in 1800s America,
DMyers on Tue, 31st Jul 2018 7:16 pm
Interesting side note, Mak. Yes, it was satire, but with respect to blending light with heavy, I believe that is actually a common practice, in order to achieve the weight of oil that refineries are designed to treat. Rockman has confirmed this.
“Chemical and Physical Properties of Crude Oils” https://www.nap.edu/read/21834/chapter/4
Just an interesting reference for the subject.
MASTERMIND on Tue, 31st Jul 2018 7:20 pm
Newfie
We import ten million barrels but we don’t use all of that oil..We just refine most of it here and ship it back out to sell..Our net imports are down to around 2.7 million barrels..Energy independence is in sight..
Source: EIA
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mttntus2&f=m
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mttntus2&f=m
MASTERMIND on Tue, 31st Jul 2018 7:53 pm
The Decline and Fall of the American Empire
https://www.bloomberg.com/view/articles/2018-07-30/the-decline-and-fall-of-the-american-empire
Makati1 on Tue, 31st Jul 2018 10:46 pm
“The modern age was built upon increasingly high energy surpluses. However, as we find oil in more and more difficult deposits, have to use lower energy content coal, or have to build longer gas pipelines over more difficult terrain, EROI is dropping. Calculating EROI is difficult, however it has been estimated that the EROI of US oil has fallen from 100:1 in the 1930’s, to30:1 in the in 1970, and to between 11:1-18:1 today, and that the EROI for global oil and gas production is 18:1. These values represent an average, however marginal oil production will be even lower. Oil Shale has an EROI of 1.5-4:1 for example. Of course the energy input for oil production comes not just from coal itself, but from other fossil fuels also. The interdependence of fuels complicates analysis, but it also propagates declining EROI across individual fuels.”
http://www.theoildrum.com/files/Tipping%20Point.pdf
As I have said before, it is NET energy that counts and that is declining all over the world.
Richard on Wed, 1st Aug 2018 8:57 am
This guy should know better, unless it is just propaganda, more like so.
He was the governor of Texas, he knew Texas didn’t have spare capacity of crude oil. Pray for rain the governor said. What a wacko.
Outcast_Searcher on Wed, 1st Aug 2018 9:19 am
That’s really bizarre. It’s one thing to state we want to help our friends in Europe by providing them another reliable supplier.
That might even make sense as part of a trade agreement banning most or all tariffs between the EU and the US, as part of that negotiation (and of course, a stick in Russia’s eye).
But “true energy independence” implies long term real energy independence for the US, and this is going the opposite direction re that.
Outcast_Searcher on Wed, 1st Aug 2018 9:23 am
Makati: But as usual you’re ignoring energy intensity, which is dropping significantly year after year.
When you don’t look at the whole picture, then as usual, you’re not at all credible.
When oil prices rise significantly (say over $100, and look persistent at that level, the incentive to look for more oil and to produce more oil will greatly increase).
After some years if there STILL isn’t “enough” new oil found, then babble about oil doom.
Of course, meanwhile, HEV’s, PHEV’s, and even BEV’s will continue growing in number, and more so if gasoline is back to $4 or more. So there’s that, but of course you won’t mention that if it doesn’t imply doom.
Mark on Thu, 2nd Aug 2018 9:23 am
Pure nonsense! The US. still imports 3-4 million barrels of oil/day….likely higher when you consider that we export light shale oil to be blended with heavier imported oil for refining here. Nice slight of hand!
When the shale plays out in the next decade, the fun will really begin!
Makati1 on Thu, 2nd Aug 2018 9:39 am
Outcast, the “doom” is already happening. Net energy is down. You can count barrels all day, but is is a dreamers folly. Or an oily investors nightmare.
You do not mention the billions of barrels the Us imports yearly in the form of toys, clothing, cars, electronics, food, metals, wood, etc. ALL have oil embedded in them somewhere. Lots of oil. If the Us had to actually make them in Us factories, the Us import of oil would go up substantially.
Think about it. When the imports of THAT kind of oil stops, then the hurt will really begin for Americans. You don’t domestically make anything anymore. Trump may just cause trade to end. We shall see.