{"id":33553,"date":"2012-11-16T19:02:22","date_gmt":"2012-11-17T00:02:22","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/11\/the-real-story-on-americas-energy-comeback\/"},"modified":"2012-11-16T19:02:22","modified_gmt":"2012-11-17T00:02:22","slug":"the-real-story-on-americas-energy-comeback","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/11\/16\/the-real-story-on-americas-energy-comeback\/","title":{"rendered":"The Real Story on America\u2019s Energy Comeback"},"content":{"rendered":"<p><strong>By <a href=\"http:\/\/www.MoneyMorning.com.au\" target=\"_blank\">MoneyMorning.com.au<\/a><\/strong><\/p>\n<p>  Did you hear the news?<\/p>\n<p>In case you missed it, the beginning of this week was awash with stories of <strong>America&#8217;s energy comeback.<\/strong><\/p>\n<p><span><\/span><\/p>\n<p>&#8216;U.S. Redraws World Oil Map&#8217; &#8211; <em>Wall Street Journal<\/em><br \/>\n&#8216;U.S. Oil Output to Overtake Saudi Arabia&#8217;s by 2020&#8242; &#8211; <em>Bloomberg<\/em><br \/>\n&#8216;U.S. to become biggest Oil Producer &#8211; IEA&#8217; &#8211; <em>CNNMoney<\/em> <\/p>\n<p>What&#8217;s with the newfound energy discussion and the IEA&#8217;s new report? And are there any new ways to profit? Let&#8217;s take a look&#8230;<\/p>\n<p> Here are a few snippets from this week&#8217;s release of the <em>IEA&#8217;s World Energy Outlook 2012<\/em>:<\/p>\n<ul>\n<li>The global energy map <em>&#8216;is being redrawn by the resurgence in oil and gas production in the United States&#8217;<\/em>\n<\/li>\n<li><em>&#8216;The recent rebound in US oil and gas production, driven by upstream technologies that are unlocking light tight oil and shale gas resources, is spurring economic activity &#8211; with less expensive gas and electricity prices giving industry a competitive edge &#8211; and steadily changing the role of North America in global energy trade.&#8217;<\/em>\n<\/li>\n<li><em>&#8216;By around 2020, the United States is projected to become the largest global oil producer&#8217;<\/em> [Overtaking Saudi Arabia]\n<\/li>\n<li><em>&#8216;North America becomes a net oil exporter around 2030.&#8217;<\/em> [Note: it says &#8216;North America&#8217;, not the United States]\n<\/li>\n<li><em>&#8216;United States, which currently imports around 20% of its total energy needs, becomes all but self-sufficient in net terms.&#8217;<\/em>\n<\/li>\n<li><em>&#8216;Unconventional gas accounts for nearly half of the increase in global gas production to 2035, with most of the increase coming from China, the United States and Australia.&#8217;<\/em><\/li>\n<\/ul>\n<h2><center>The Key Things to Know About America&#8217;s Energy Comeback<\/h2>\n<p><\/center><\/p>\n<p>There&#8217;re plenty of interesting tidbits that came from this week&#8217;s report. Let&#8217;s break it down&#8230;<\/p>\n<p>For starters, it&#8217;s clear that America&#8217;s energy comeback is for real. Goldman Sachs came out with the first groundbreaking report on this idea back in September&#8230;of 2011.<\/p>\n<p>Back then, they said that the U.S. would surpass <a href=\"http:\/\/www.moneymorning.com.au\/20120505\/russian-exile-how-europe-will-end-the-kremlins-natural-gas-monopoly.html \">Russia<\/a> and <a href=\"http:\/\/www.moneymorning.com.au\/20120331\/why-saudi-arabia-wants-to-lower-the-oil-price.html \">Saudi<\/a> as the No. #1 oil producer in the world. Also back then, the news was a great shock.<\/p>\n<p>On that front, the IEA report didn&#8217;t bring much to the table, more than just reaffirming that this resource boom is for real. As the kids would say, the IEA was &#8216;tardy to the party&#8217; &#8211; heck, even OPEC made recent note of <a href=\"http:\/\/www.moneymorning.com.au\/20120309\/shale-gas-one-american-analyst%E2%80%99s-winning-aussie-investment-idea.html \">America&#8217;s great shale story<\/a>.<\/p>\n<p>Today, I figure it&#8217;s only right if we say: Welcome to the conversation IEA!<\/p>\n<p>But the IEA report did make a few points that I&#8217;d like to clear up now, too.<\/p>\n<p>As you may have seen this week, there&#8217;s been a lot of &#8216;energy independence&#8217; talk flying around. One of the key points the report made was that the U.S. is set to become energy independent. Great news, right?<\/p>\n<p>To be clear, the IEA isn&#8217;t saying [America is] going to be &#8216;oil independent&#8217;. Instead, the report uses an amalgam of energy: nat gas, oil, coal, nuclear. <\/p>\n<p>And sure, when you look at it that way the U.S. is darn close to being energy independent as it stands &#8211; a bountiful stock of coal, uranium, nat gas and even oil! Indeed, there&#8217;s no new news there.<\/p>\n<p>Also, the report boldly stated that North America will become a next oil exporter. Remember, this is North America, not the United States. Again we&#8217;ve known for some time that the U.S. and Canada are the two up-and-comers in the unconventional oil game.<\/p>\n<p>So, that&#8217;s what you need to know. The IEA report reaffirms our stance on America&#8217;s energy renaissance. More <a href=\"http:\/\/www.moneymorning.com.au\/20120928\/the-big-oil-and-gas-boom-in-the-usa.html \">oil and gas<\/a> are going to be flowing through the pipes in the coming years &#8211; all at the same time the rest of the world will be demanding even more oil and gas.<\/p>\n<p>To say the least, it&#8217;s good to be an investor in America&#8217;s energy future &#8211; especially in the next 3-5 years. <\/p>\n<p><strong>Matt Insley<br \/>\nContributing Editor, <em>Money Morning<\/em><\/strong><\/p>\n<p><em>Publisher&#8217;s Note:<\/em> This is an edited article that originally appeared in <em><a href=\"http:\/\/dailyresourcehunter.com\/\" target=\"_blank\">Daily Resource Hunter<\/a><\/em> <\/p>\n<p><strong><em>From the Archives&#8230;<\/em><\/strong><\/p>\n<p><a href=\"http:\/\/www.moneymorning.com.au\/20121109\/apra-spins-another-yarn-on-australian-banks.html\" target=\"_blank\">APRA Spins Another Yarn On Australian Banks<\/a> <br \/>\n9-11-2012 &#8211; Kris Sayce <\/p>\n<p><a href=\"http:\/\/www.moneymorning.com.au\/20121108\/the-secret-return-to-the-gold-standard.html\" target=\"_blank\">The Secret Return to the Gold Standard<\/a><br \/>\n8-11-2012    &#8211; William Patalon<\/p>\n<p><a href=\"http:\/\/www.moneymorning.com.au\/20121107\/forget-the-us-election-this-stock-market-event-is-the-one-to-watch-for.html\" target=\"_blank\">Forget the US Election, This Stock Market Event is the One to Watch For<\/a> <br \/>\n7-10-2012 &#8211; Murray Dawes <\/p>\n<p><a href=\"http:\/\/www.moneymorning.com.au\/20121105\/the-greeks-giving-economists-nightmares.html\" target=\"_blank\">The Greeks Giving Economists Nightmares<\/a> <br \/>\n6-10-2012 &#8211; Bill Bonner <\/p>\n<p><a href=\"http:\/\/www.moneymorning.com.au\/20121105\/super-fund-results-whoopdeedoo.html\" target=\"_blank\">Super Fund Results: Whoopdeedoo<\/a><br \/>\n5-10-2012 &#8211; Nick Hubble <\/p>\n<div>\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/MoneyMorningAustralia?a=Rqr9oTtWRN8:oPJtd_WDJeY:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/MoneyMorningAustralia?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/MoneyMorningAustralia?a=Rqr9oTtWRN8:oPJtd_WDJeY:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/MoneyMorningAustralia?i=Rqr9oTtWRN8:oPJtd_WDJeY:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/MoneyMorningAustralia?a=Rqr9oTtWRN8:oPJtd_WDJeY:gIN9vFwOqvQ\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/MoneyMorningAustralia?i=Rqr9oTtWRN8:oPJtd_WDJeY:gIN9vFwOqvQ\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/MoneyMorningAustralia\/~4\/Rqr9oTtWRN8\" height=\"1\" width=\"1\" \/><br \/>\n<a href=\"http:\/\/feedproxy.google.com\/~r\/MoneyMorningAustralia\/~3\/Rqr9oTtWRN8\/the-real-story-on-americas-energy-comeback.html\" target=\"_blank\">The Real Story on America\u2019s Energy Comeback <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By MoneyMorning.com.au Did you hear the news? In case you missed it, the beginning of this week was awash with stories of America&#8217;s energy comeback. &#8216;U.S. Redraws World Oil Map&#8217; &#8211; Wall Street Journal &#8216;U.S. Oil Output to Overtake Saudi Arabia&#8217;s by 2020&#8242; &#8211; Bloomberg &#8216;U.S. to become biggest Oil Producer &#8211; IEA&#8217; &#8211; CNNMoney &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/11\/16\/the-real-story-on-americas-energy-comeback\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Real Story on America\u2019s Energy Comeback&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-33553","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/33553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=33553"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/33553\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=33553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=33553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=33553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}