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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (899400)	11/6/2015 9:14:07 PM
From: Sdgla	Read Replies (1) \| Respond to of 1576160

United States Becomes Self-Sufficient in Oil The need for oil imports in the U.S. is expected to evaporate in the 2030s, thanks to the continued development of tight oil. The projection, if achieved, is remarkable considering the global innovator of shale imported 60% of its oil demand in 2005. The number dropped to 52% in 2013 – the same year net energy imports to the U.S. reached its lowest point in 20 years. The Energy Information Administration reported last week that imports of light grade crude have already been virtually eliminated.

To: Wharf Rat who wrote (899400)	11/6/2015 9:17:50 PM
From: Sdgla	Read Replies (1) \| Respond to of 1576160

The U.S. Is More Energy Self-Sufficient Than Ever Before, And The Arctic Can Assure It Stays That Way Charles Ebinger Mr. Ebinger is a senior fellow in the Energy Security and Climate Initiative at the Brookings Institution. Federal waters in offshore Alaska are estimated to hold roughly 27 billion barrels of oil and 132 trillion cubic feet of natural gas, the vast majority of which is located in the Arctic. (Photo by Andrew Burton/Getty Images) The recent decision by the United States to allow energy exploration drilling to re-commence in the Alaskan Arctic’s Chukchi Sea this summer is a welcome development. Here’s why: Federal waters in offshore Alaska are estimated to hold roughly 27 billion barrels of oil and 132 trillion cubic feet of natural gas, the vast majority of which is located in the Arctic. Experts believe that the Chukchi in particular, which holds more resources than any other undeveloped U.S. energy basin, may represent one of the world’s largest sources of untapped oil and gas. Until now America has regrettably been on the sidelines of Arctic resource and infrastructure investment while our economic competitors—Russia and China included—have moved forward. This policy vacuum was highlighted in a recent National Petroleum Council (NPC) report to the U.S. Secretary of Energy in which I participated and which warned that if we effect no policy changes on an urgent basis we will not stay ahead of or even keep pace with our foreign rivals, remain globally competitive, or provide global leadership and influence in this critical region. America is more energy self-sufficient than it has ever been The report comes at a time when the U.S. has cut imports, drastically transforming our nation into the biggest producer of oil and natural gas by tapping huge reserves in shale rock formations across the country. As such, America is more energy self-sufficient than it has ever been. Even so, as evidenced by strong public support for Arctic offshore development in states ranging from Alaska to Iowa, South Carolina and New Hampshire, the American people recognize that we cannot rely solely on shale oil and gas to meet our energy needs.