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By Robert Rapier on Nov 16, 2012 with 4 responses

What Happens After the Long Recession?

In this week’s episode of R-Squared Energy TV, I answer a question from a reader about what happens as The Long Recession plays out.

Readers who have specific questions can send them to ask [at] consumerenergyreport [dot] com or leave the question after this post (at the original source). Consider subscribing to our YouTube channel where you’ll be able to view past and future videos.

Link to Original Article: What Happens After the Long Recession?

By Robert Rapier

  1. By Michael Pawluk on November 16, 2012 at 11:41 am

    As always, your explanations are always very insightful and helpful to me.  I’ve been a little confused particularly since seeing the recent IEA report regarding U.S. energy independence happening within the next few years resulting in US actually being a net exporter.  I’d love to see/hear your thoughts on that report if you get time.  Is this largely a shift toward natural gas and if so, will this actually take place that rapidly?  I also noticed in the news article posted here that this expected shift is partly due to oil exploration off the coast of Alaska?  Is this a recent development?  Finally, how much is this report based on oil shale, which I know you’ve already said before isn’t likely to be developed in the near future?  Since his reelection, I’ve already seen Republicans complaining about Obama making a 1.6 million acre piece of land off limits to drillers, and as I understand, that would be oil shale resources, not proven or probable reserves. 

  2. By Jim Takchess on November 18, 2012 at 11:50 am

    Perhaps some improvements in EV costs will put your home state in a good position for a long recession.,0,595680.story


  3. By mac on November 20, 2012 at 3:58 pm

    “Perhaps some improvements in EV costs will put your home state in a good position for a long recession.”

    In Europe, they call the present recession  “The Debt Crisis”,  and that is exactly what it is.  It has little or nothing to do with the (decades long) high gasoline prices that Europe has imposed upon itself to fund their social welfare programs.

    Now, some RU countries are out of money.  Once again, this EU recession has little or nothing to do with the self imposed high gas prices that the EU has imposed for decades.  Basically, the high gas prices in Europe are the result of taxation and not crude oil prices.

    The obvious answer is to diversify the transportation sector (both in Europe and the U.S.)  to Natural Gas,  LNG  and Electricity,  to shift this increasingly expensive burden from total reliance on oil alone to other energy sources.

    This might also include increasing use of railroad rolling stock, simple conservation, open fuel standard for bio-fuels, etc.

    The point is, the entire world world would be better off if there was a diversified portfolio of fuel options  The Oil Companies, of course, hate this with a passion.

    Imagine a land where a third of our transportation runs off CNG/LNG, another third runs on Electricity and the rest runs on traditional crude oil, synthetic crude (GTL, CTL  BTL),  ethanol and other traditional bio-fuels, as well as Methanol.

    I suggest America would be a more stategically secure place it this were the case. Indeed, the entire world would be better off.

    Instead, we have to listen to the extremely prejudiced Oil  Company gurus who claim we will be energy independent if we just let the oil companies cut loose and once again produce 10 million BBL a day, a feat the U.S.  only accomplished very briefly (for a sparse two months in 1970)

    What drivel !!!!  At present, the U.S. uses about 17 million bbl/day.  Even if we could produce 10 M bbl/day, it just gets us a little over halfway there. This mythical 10 million bbl per day is a myth.  Basically, it never happened …….. period.

    Onward — Through the Fog….

    Diversify our fuel sources,  or pay the price.  Isreal is ready to invade Gaza and has threatened to blow up the Iranian nuclear program. 

    Please, let us pause for a moment of clarity.

    Wouldn’t it be better if the U.S. ran its critical transportation infrastructure on something other than just Oil alone ?








  4. By mac on November 25, 2012 at 8:13 pm

    What will happen after the long recession ?

    We will devalue our currency, not because of high oil prices but because of our national indebtedness.

    The same goes for the EU.

    The coming fiscal debate has little to do with high oil prices, which are admittedly an aggravation. but are not the root cause of our financial  woes.

    Indeed, Congress will soon debate “The Financial Cliff”.  It will not be a debate about oil prices, but will concern itself with revenues versus expenditures,

    The same is true in Europe.  This is NOT about OIL or oil prices.

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