By: Julian Harris Gibson
The latest IEA report forecasts America will surpass Russia and Saudi Arabia in oil production by 2020. Recent discoveries of oil reserves off the US continental shelf may make the United States the world’s leader in oil exports very soon. According to the Department of Energy (DOE), reports America imports about 20 percent of its energy from foreign nations.
While many environmentalists are frightened about the prospects of another American oil rush, I urge them to wait and see what technologies can be developed to increase the safety of this process which should decrease the environmental effects. If American can ever truly convert to an energy independent nation –oil will have to play a part.
With natural gas and oil reserves becoming an ever-increasing reality, energy advocates should embrace this truth and start the conversation of how it will be regulated, taxed and used as a fuel to only run what is necessary. In fact, America may want to follow an example from the unlikeliest of role models–Iran.
That’s right I said Iran. Before the conservatives and patriots burn me at the stake understand that I am a true American Patriot who looks out for America’s best interest. A recent International Energy Agency (IEA) report stated the Iran’s oil production has risen by about 70,000 barrels last month after months of decline. according to the IEA report, the increase in production made Iran an extra $900 million– last month. The major purchasers of this oil are China and south Korea. two nations in the midst of their own industrial booms.
For all those who don’t know Iran is a world leader in the oil export business. However, they have made the switch to natural gas so they won’t use their own reserves and make the most possible profit. In a world addicted to oil the first rule is, “Don’t get high on your own supply.”
For example, if the US ran all trucks and vehicles on biofuels that would vastly reduce our dependency on oil. If we convert government buildings and schools to solar power would revitalize our economy and further reduce our dependency on oil. These moves could lead to a domino effect in the private business sectors and the housing energy sectors.
Private corporations looking to cut costs without shrinking its workforce could use green energy to accomplish this. Home owners looking to secure power in the next major storm and reduce their energy bill are running to the stores for solar panels and wind turbines.
All of these things can be improved by the extra revenue brought in by extra American oil and natural gas.
- US to overtake Saudis and Russia as world’s top oil producers by 2’17, says IEA (en.mercopress.com)
- US seen overtaking Saudis as biggest oil producer (miamiherald.com)