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If we achieve energy independence, don't expect any savings at the pump

St. Louis Post-Dispatch -- Energy independence is finally within reach for the U.S., but motorists won’t notice when they pull up to the gasoline pump.

The International Energy Agency, which recently forecast that the U.S. would be “all but self-sufficient” in energy by 2035, also predicts that oil prices will stay high. It expects the world price of oil, currently about $110 a barrel, to hit $125 in inflation-adjusted terms two decades from now. In nominal terms, that will be about $215. (The world benchmark, Brent, currently is priced about $20 higher than the U.S. benchmark, West Texas Intermediate.)

In fact, high prices are what drives the expected increase in U.S. oil production. If prices plummet — perhaps because of another global recession — expensive shale-oil drilling projects would be canceled and U.S.


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Submitted Nov 25, 2012 By: angel4me
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: If we achieve energy independence, don't expect any savings at the pump Back to Topics
REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

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Message Posted: Nov 29, 2012 12:00:20 AM

Europeans have been paying the equivalent of $7 and more per gallon for a long time.
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honda0105
Champion Author Tallahassee

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Message Posted: Nov 28, 2012 5:50:26 AM

not what many ppl want to hear, but reality.
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mamabeck
Champion Author Florida

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Message Posted: Nov 26, 2012 11:09:44 AM

This article is interesting and could be great to see it become reality. After reading many of the extremely negative responses that have been written, it wouldn't seem to satisfy some, no matter how or who introduced or regulated this.
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ClarkSC
Champion Author South Carolina

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Message Posted: Nov 26, 2012 8:18:11 AM

Agreed.
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jethro5000
Champion Author Kentucky

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Message Posted: Nov 26, 2012 6:54:52 AM

?
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tomok
Champion Author Portland

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Message Posted: Nov 26, 2012 5:17:27 AM

If we achieve energy independence, don't expect any savings at the pump. So True, So Very True!
The fuel prices at the pump should be lower to help the economy recover! More Refineries are Not the answer, stop exporting that fuel is!
Are the fuel prices at the pump Not high enough already, Bog Oil and the refineries restrict the production of fuel to raise those prices at the pump? Big Oil and the huge price fixing at the fuel pump. Big Oil still producing fuel in 'off line' mode when the refinery is performing maintenance or an upgrade at the same time.
Big Oil and Big Gas continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. 'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down! People will still drive and buy fuel no matter what but it sure helps to have a job too!
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal greedy benefit.
The price at the pump needs to go down to $2/gallon, *$3, *$3.50/gallon or *$4.00 is Not the new low!
Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII!
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Amtrgas
Champion Author Oakland

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Message Posted: Nov 26, 2012 2:31:48 AM

If the oil does not benefit the American public. Just leave it were it is. No since making the rich, richer, on the backs of the middle class.
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Jeff4U
Champion Author Atlanta

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Message Posted: Nov 26, 2012 1:16:06 AM

Energy independence while under an Obama administration is about as likely as winning the $425 million lottery next week.
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BigOyl
Champion Author Wichita

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Message Posted: Nov 26, 2012 12:08:26 AM

Stimulating...
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Dragnet
Champion Author Arizona

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Message Posted: Nov 26, 2012 12:01:34 AM

Not surprising
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TTQuattro
Rookie Author Indiana

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Message Posted: Nov 25, 2012 11:58:26 PM

figures
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southrob
Champion Author Tucson

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Message Posted: Nov 25, 2012 11:57:08 PM

uh soooo not true. the more you have of something drives the price down. dhan
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wang91554
Champion Author San Jose

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Message Posted: Nov 25, 2012 11:55:32 PM

just the way it is
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CharlieC08
Champion Author Colorado

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Message Posted: Nov 25, 2012 11:49:44 PM

OK
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suicyco16
All-Star Author Phoenix

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Message Posted: Nov 25, 2012 11:47:42 PM

And this would be a surprise why?
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flyfast
Champion Author Kansas City

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Message Posted: Nov 25, 2012 11:46:45 PM

we will never save
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dcjauburn
Champion Author Sacramento

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Message Posted: Nov 25, 2012 11:46:21 PM

One of the reasons to look at alternative energy vehicles when you buy your next vehicle.
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Z51Corvette
Champion Author Austin

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Message Posted: Nov 25, 2012 11:44:49 PM

us4usa... we have more oil than you imagine... Saudi Arabia, will run out before the US. We have too much debt to be independent. It is this reason, we won't be able to sell it for less... we need to pay our DEBTS!
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Mowerman08
Champion Author Milwaukee

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Message Posted: Nov 25, 2012 11:44:04 PM

NOT for at least 4 more years, YOU know why!
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us4usa
Champion Author Missouri

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Message Posted: Nov 25, 2012 11:42:22 PM

Opec will swim in oil without US buying oil, so they will sell their oil cheap to make a deal... We need to start switching to NG...
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ramshot412
Champion Author Riverside

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Message Posted: Nov 25, 2012 11:40:43 PM

certainly not with Reaganomics around
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bearzz
Champion Author California

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Message Posted: Nov 25, 2012 11:40:27 PM

Why not??
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pgerassi
Champion Author Milwaukee

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Message Posted: Nov 25, 2012 11:35:03 PM

Switch away is on.
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nwsynthetics
Champion Author Oregon

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Message Posted: Nov 25, 2012 11:33:58 PM

High for outside sources. Cheap for US
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humblepie
Champion Author Toledo

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Message Posted: Nov 25, 2012 11:33:24 PM

certainly not with obamanomics around
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tco9436
Champion Author Connecticut

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Message Posted: Nov 25, 2012 11:29:32 PM

i wouldn;t
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Dsin44
Champion Author Abbotsford

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Message Posted: Nov 25, 2012 11:28:59 PM

clermont40miles

totally agree with your opinion...
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sickhp
Champion Author San Antonio

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Message Posted: Nov 25, 2012 11:27:53 PM

Keep jobs and profits in America and tell OPEC to go pound sand.
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1Boog
Champion Author Lincoln

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Message Posted: Nov 25, 2012 11:27:21 PM

of course not.....cuz the speculators and big oil have to feed their families don't you know!!!
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clermont40miles
Champion Author Cincinnati

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Message Posted: Nov 25, 2012 11:25:59 PM

Only change to impact prices in a way that returns to a supply and demand market is to get rid of all paper trading and speculators who have no business in the market.

Reinstate the Glass-Steagall Act. Only those who take delivery are permitted to bid in the market. Only actual buyers not players who profit at our expense.

Fix that.
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Harry813
Champion Author Iowa

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Message Posted: Nov 25, 2012 11:22:37 PM

how can I save when I'm spending?
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Barfood
Champion Author St. Louis

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Message Posted: Nov 25, 2012 11:21:43 PM

Old news, but I didn't read it in the paper here.
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wayoung56
Champion Author Alabama

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Message Posted: Nov 25, 2012 11:21:08 PM

Speculators will keep domestic prices high just to maximize their profits regardless of energy independence...
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knot2swift
Champion Author Calgary

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Message Posted: Nov 25, 2012 11:15:29 PM

I don't think the US will do it.

You guys are in year 5 recovering from a major depression. True they didn't call it that but is was just that.

The world too will recover as well as the US in 5 more years.

Face it we're using today's depressed usage to calculate independance.

It won't be like that 5 years from now for the US as well as the rest of the world.

By 2017 we'll all be talking shortage of supply yet again just like we were in 2007.

Ain't hindsight just wonderful?
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shari28
Rookie Author Iowa

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Message Posted: Nov 25, 2012 11:14:33 PM

I would think that if we become "self-suffcient" the prices should go down.
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scott121
Rookie Author Orange County

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Message Posted: Nov 25, 2012 11:13:43 PM

Time to force the oil companies that Drill on US soil to sale to the United States before they can import to other countries to make profit. What is the point of them drilling if it doesn't lower or gas prices. I rather they not drill at all.
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abacus44
Champion Author Toms River

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Message Posted: Nov 25, 2012 11:10:26 PM

Even without price decreases, it would be better to keep the money in the U.S.
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chuckhermann
Champion Author New York

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Message Posted: Nov 25, 2012 11:07:20 PM

Who ever associated energy independence with cheap energy? Was it cheap when the colonies seceded from England to become the US? Was the Civil War cheap?
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lewpuckett
Champion Author Georgia

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Message Posted: Nov 25, 2012 11:00:48 PM

well said gmcgas
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30mpg80
Champion Author Lexington

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Message Posted: Nov 25, 2012 10:59:38 PM

OPEC can sell to other countries when we no longer depend on their oil.
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Tekkersmom57
Champion Author Syracuse

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Message Posted: Nov 25, 2012 10:59:22 PM

I agree with gmcgas comment!
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gmcgas
Champion Author Atlanta

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Message Posted: Nov 25, 2012 10:54:32 PM

yep, world price will be world price, but a least they won't be able to withhold oil to get us to submit to anything.
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jwalkerh
Champion Author Louisiana

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Message Posted: Nov 25, 2012 10:53:48 PM

Once prices rise they never return to the lower prices...
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WeasleyOC
Champion Author Orange County

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Message Posted: Nov 25, 2012 10:52:56 PM

But it should stop the roller coaster ride.
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toadNY
Champion Author Albany

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Message Posted: Nov 25, 2012 10:52:23 PM

I hate to say it but expect another global Recession with nobama's second term.
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AnObserver
Champion Author New Jersey

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Message Posted: Nov 25, 2012 10:48:59 PM

Independence or not, we oil is stilla global commodity. If I have oil in the US and someone in another country will pay more than a US refinery, I sell it to the person in the other country. That is how markets work.

Energy independence impacts our options in international politics.
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hcivic
Champion Author Virginia

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Message Posted: Nov 25, 2012 10:48:40 PM

energy is a needed commodity so prices will go up depending on the market for it and it will be up
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fuelsaverMN
Champion Author Twin Cities

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Message Posted: Nov 25, 2012 10:48:09 PM

Gas should go to under $2.00 a gallon.
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HuoXingC
All-Star Author Oakland

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Message Posted: Nov 25, 2012 10:47:11 PM

Well, it all depends on how we define our terms. Ambiguity is the troll.
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mrreferee
Champion Author Savannah

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Message Posted: Nov 25, 2012 10:46:51 PM

the gov taxes everything, I am almost afraid to fart...
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