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Politics

‘Real News:’ How Will States and Federal Govt. React to Booming U.S. Energy Production

Nov. 21, 2012 6:20pm Christopher Santarelli

Despite decades of gloom and doom predictions on the American energy sector, a new report from the International Energy Alliance has naysayers on their heels. According to the IEA’s 2012 World Energy Outlook, the United States will be the leading producer of natural gas by 2017 and will quickly outpace Saudi Arabia as the leading producer of oil. The Washington Post notes that analysts predict this production increase will help the U.S. slash energy imports, cut deeply into the trade deficit, and in turn put the country on pace to be energy self-sufficient by 2035.

The growth in energy production and coming fracking boom has voters and legislators in benefiting states coming together on a bipartisan basis. States bringing in enormous income from the boom are debating the best ways to take it in and save it in various ways, or shift tax burdens, or pay citizens dividends. How these investments pay off could take the wind out of the sails of the environmental movement, and put pressure on legislators regarding energy and environmental policy in other states.

On ‘Real News’ Wednesday the panel discussed what we can to take from this IEA report, and how sovereignty comes into play with states implementing plans for regulating and making the most long term impact of production gains.

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Comments (18)

BecksADweeb
Posted on November 22, 2012 at 8:25am
The truth really throws a wrench into the Obama=hates=America meme.

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- mastice
  Posted on November 22, 2012 at 3:50pm
  You really think – when it can take a decade to explore or map an oil field … or several years to even secure the permits for drilling – that all of this happened under Obama’s watch?
  
  Wow, that’s the only word that comes to mind… is wow.
  
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- Live2BeFree
  Posted on November 23, 2012 at 7:10am
  Hey Dweeb, NOTHING …I repeat NOTHING Obama has done has helped the energy sector…only his “green energy bundlers” make millions then go bankrupt. If you had half a brain this natural gas drilling is done on PRIVATE LAND not government owned land. That exploration/drilling has gone DOWN by 35% since Obama came into office. You liberals really are that stupid you cant do any critical thinking on your own.
  
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- G-WHIZ
  Posted on November 23, 2012 at 11:37am
  Yeah…the PRIVATE SECTOR energy production!! Looks-like a whole lotta NEW UNCONSETITUTIONAL REGULATIONS commin over the hill…VERY SOOOOON!!
  
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mj1979x
Posted on November 22, 2012 at 7:55am
That was a thoroughly interesting conversation! For the sake of Americans I really hope Obama just rides the wave and takes the glory so to speak. It would tear my heart out to watch our country collapse with all the resources at our fingertips to be energy independent and a leader, once again, in the free world. We could become a catalyst in the raising of the standard of living across the globe!

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- poorrichard09
  Posted on November 22, 2012 at 8:46am
  Yes! Imagine what it would do for the economy to have the billions going to people that hate us stay in the US and be turned over and over for equipment, services, etc. in the energy business. And jobs.
  
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doctorL
Posted on November 21, 2012 at 10:55pm
Regulate/regulate/regulate– tax/tax/tax and then get around to regulate

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- Jesse_J
  Posted on November 22, 2012 at 6:09am
  It’s like Ronald Reagan said, “Liberals see something moving and they tax it. If it keeps moving they regulate it. When it stops moving they subsidize it.” Read fresh political commentary at: http://smallcraftadvisorychronicles.blogspot.com/
  
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- BecksADweeb
  Posted on November 22, 2012 at 8:22am
  Reagan didn’t refer to “liberals.” He referred to government: “Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidise it.”
  
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doctorL
Posted on November 21, 2012 at 10:51pm
Regulate/regulate/regulate– tax/tax/tax and then get around to regulate

look for the feds to attempt to take over state and private land energy – all in the name of climate change- Big O don’t like what he don’t control

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- Max jones
  Posted on November 22, 2012 at 12:36pm
  here’s the missing link http://pro.stansberryresearch.com/1210THIRDLIA/WPSINB12/
  
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- Max jones
  Posted on November 22, 2012 at 12:41pm
  one more time http://pro.stansberryresearch.com/1210THIRDLIA/WPSINB12/
  
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John 1776
Posted on November 21, 2012 at 8:44pm
Obama will do all he can to crush it, but it will be a financial success, so in public he will take all the praise for the success as if it was all his idea.

Just like he has for the energy policies from the Bush era that now have us at high production levels!
(yea, you can “blame” Bush for that one too!)

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- Max jones
  Posted on November 22, 2012 at 12:42am
  Here is a 10 minute presentation from Porter stansberry……..This explains it very well….very interesting.
  
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- BecksADweeb
  Posted on November 22, 2012 at 8:23am
  Except that increased production comes under Obama’s watch. It’s the opposite of what you think.
  
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ALL4FREEDOM
Posted on November 21, 2012 at 8:32pm
Because it will be such a wildly successful capitalistic enterprise that would probably save our @sses financially, expect the Progressives to do everything possible to thwart it.

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Snowleopard {gallery of cat folks}
Posted on November 21, 2012 at 8:27pm
The article should read that the prosperity will occur unless Obama crushes it completely, which he is determined to do.

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- Max jones
  Posted on November 22, 2012 at 12:44am
  Actually this could change everything about Obama’s agenda. Right place -right time kinda thang.
  
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