Tag Archives: US oil consumption

The US once was, but will never again be, the Saudi Arabia of oil

[Update: slight revisions to the “…join us next time” paragraphs at the very end.  :)  ]

The idea that the US might one day produce more oil than Saudi Arabia, popularized by an International Energy Agency (IEA) report, has gone viral in recent weeks.  It’s like the “Call Me Maybe” phenomenon, but for Very Serious People!  :)

Alas, the idea that the US will out-produce Saudi Arabia is a vaporous mirage.  Well, unless Saudi Arabian production falls off a cliff, that is.  The projections are built on the kind of verbal trickery that transformed “47% of Americans don’t actually earn enough money to pay federal income taxes” into the “47% of Americans are lazy takers” meme that sank Mitt Romney’s campaign.  Did those World War II veterans think they could just beat Hitler and rely on handouts in retirement?  ;)

It’s said that where there’s smoke, there’s mirrors, so let’s find that disco ball, shall we?

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