Parsad Posted February 10, 2013 Share Posted February 10, 2013 Mukesh Ambani believes U.S. will be energy independent by as early as 2018. Cheers! http://www.bloomberg.com/news/2013-02-09/ambani-says-u-s-to-be-energy-independent-in-5-7-years.html Link to comment Share on other sites More sharing options...
biaggio Posted February 10, 2013 Share Posted February 10, 2013 Munger made a good point last year that it is probably smarter long term to use up other countries energy first and keep ours in reserve for ourselves. Maybe its a good idea to make the other countries think that we don t want their energy, but continue to use it up. Link to comment Share on other sites More sharing options...
Morgan Posted February 10, 2013 Share Posted February 10, 2013 Munger made a good point last year that it is probably smarter long term to use up other countries energy first and keep ours in reserve for ourselves. Maybe its a good idea to make the other countries think that we don t want their energy, but continue to use it up. That's true, it probably is smarter long term assuming we continue to use the same resources for fuel as opposed to other renewable sources. But I wonder though, how would US policy makers ensure we use their resources first without noticeably damaging the economy and/or getting kicked out of office? Link to comment Share on other sites More sharing options...
PlanMaestro Posted February 10, 2013 Share Posted February 10, 2013 Munger made a good point last year that it is probably smarter long term to use up other countries energy first and keep ours in reserve for ourselves. Maybe its a good idea to make the other countries think that we don t want their energy, but continue to use it up. Not sure about that one considering Solar's equivalent of Moore's law. http://farm9.staticflickr.com/8246/8461238107_ed2bda7f10.jpg[/url] Link to comment Share on other sites More sharing options...
turar Posted February 11, 2013 Share Posted February 11, 2013 My understanding is that shale/tight oil production will also be peaking around 2020, and then decline rapidly. http://ic.pics.livejournal.com/crustgroup/21152339/136207/136207_600.png Link to comment Share on other sites More sharing options...
SmallCap Posted February 11, 2013 Share Posted February 11, 2013 My understanding is that shale/tight oil production will also be peaking around 2020, and then decline rapidly. http://ic.pics.livejournal.com/crustgroup/21152339/136207/136207_600.png Is this the same group that said that we peaked in the 70's and then that we peaked in the 80's and then that we peaked in the 90's and that we... well you get the idea. Link to comment Share on other sites More sharing options...
turar Posted February 11, 2013 Share Posted February 11, 2013 Not sure which group was saying that, IEA is International Energy Agency. Link to comment Share on other sites More sharing options...
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