I'll try to locate the post and share it in the comments.
Well, one effect it says is that oil producers want to start exporting again. So is this why we want the XL Pipeline, so big oil can start exporting again? I thought it was supposed to be used here?
My thought is that it’s about the only bright spot in our economy, a major part of what is keeping us afloat.
The overall response surprised me in that the consensus from the FReeper community was that the effect on the economy would be negligible.
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My read is that the oil boom is adding about 2% to gnp growth annually.
imho, this thing is as profound as US peak oil production back in 1970 and the first saudi oil strike three years later in 1973.
From all indications the USA will add a million barrels a day for at least the next two years 2014 and 1015 —bringing the five year production increase to 5 million barrels @ day.
this is just huge. that is the USA is on the way to surpassing the big saudi production increases of 1969-73 and the russian oil increases of 2002-2007.
The overall response surprised me in that the consensus from the FReeper community was that the effect on the economy would be negligible.
.............
My read is that the oil boom is adding about 2% to gnp growth annually.
imho, this thing is as profound as US peak oil production back in 1970 and the first saudi oil strike three years later in 1973.
From all indications the USA will add a million barrels a day for at least the next two years 2014 and 1015 —bringing the five year production increase to 5 million barrels @ day.
this is just huge. that is the USA is on the way to surpassing the big saudi production increases of 1969-73 and the russian oil increases of 2002-2007.