U.S. Energy Independence by 2020 Might Happen -- But It Wouldn't Last

energy independence Barack ObamaThe International Energy Agency claims in its World Energy Outlook that it is now technically possible for the United States to become energy independent by 2020. But that's not their primary message. IEA is also warning that any such energy independence would be short lived, and that message has been lost on most analysts.

Based in Paris, the IEA is an intergovernmental organization which works to ensure reliable, affordable and clean energy for its 28 member countries, including the United States. It is not to be confused with the Energy Information Administration, which is a different organization nestled within the U.S. Department of Energy. But both organizations have credibility, and both provide analysts with primary sources of information about energy, particularly about consumption data.

Nevertheless, forecasts from either organization have to be taken with a grain of salt, and they usually come with a long list of assumptions. It's no different with IEA's World Energy Outlook and its forecasts of the possibility of U.S. energy independence. Its assumptions, when examined together, come with a high likelihood of "false positives." In fact, the IEA states it believes it is unlikely that the U.S. will actually reach complete energy independence.

To read the rest of this story on AOL Energy, click here.

Increase your money and finance knowledge from home

How to Buy a Car

How to get the best deal and buy a car with confidence.

View Course »

Understanding Credit Scores

Credit scores matter -- learn how to improve your score.

View Course »

Add a Comment

*0 / 3000 Character Maximum

43 Comments

Filter by:
Larry

There is one of the cleanest coal burning plants in the world in Florida. We have massive amounts of coal. WE have the worlds biggest supply of natural gas. Our government backed solar companies that go bankrupt. Our wind farms have to buy from foriegn companies because our wind generator companies can't get a loan to produce their products. EPA is totally out of control and more rules and regulations by people who do not have a clue what the REAL world and reality is all about in business are comming and no one is looking.

November 28 2012 at 11:12 AM Report abuse rate up rate down Reply
1 reply to Larry's comment
coochiescooter

Those coal plants are not the black coal you think it is. It is a matter of fact ,Limestone, I know for a fact because I used to deliver the limestone to the power plant in Tampa.The burned by-product is fly-ash, it is picked up on the return trip delivered to a concrete plant to process concrete. It is a clean process and environment friendly.

November 28 2012 at 6:13 PM Report abuse rate up rate down Reply
gbrond23

When is this guy going to be a President, and not a Carnival Barker?

November 28 2012 at 10:11 AM Report abuse rate up rate down Reply
doc4fitness

Between wind, solar, hydroelectric, nuclear, hydrokinetic, oil, coal, natural gas, burning waste we have plenty of energy to produce, which means plenty of jobs. We could be energy independent in 5 years. That would also bankrupt Middle East nations and OPEC, who no longer would control energy supply. We would also have up to 1.2 trillion per year in new tax revenue due to economic growth. Why do Obama and the Liberals and Pregressives pass that up?

November 28 2012 at 1:24 AM Report abuse +4 rate up rate down Reply
1 reply to doc4fitness's comment
rdj735

Maybe not smart enough?

November 28 2012 at 9:48 AM Report abuse rate up rate down Reply
Taina

The biggest roadblock to energy independence is excessive government regulations. Why do we not bust the OPEC monopoly instead of financing our sworn enemies while devastating our economy? Hydrogen looks promising. Sorry, solar and wind won't work without better battery technology.

November 27 2012 at 11:28 PM Report abuse +2 rate up rate down Reply
dsmithsfamily

sorry some people wory, for good reson, about the destruction of the environment especaly for short turm financial gains for the few

November 27 2012 at 10:39 PM Report abuse -2 rate up rate down Reply
1 reply to dsmithsfamily's comment
coochiescooter

Evan you illiterate putz.

November 28 2012 at 3:20 PM Report abuse rate up rate down Reply
dodie1990

Obama will not let us use our coal, nor drill and explore on federal lnads for oil and gas. He will not let the Keystone pipeline be built form Canada, so the Chinese will get that oil. We have all kinds of coal. Using natutal gas for electricity and transportation will double the cost of home heating watch and see.

November 27 2012 at 9:23 PM Report abuse +2 rate up rate down Reply
1 reply to dodie1990's comment
freethedems2012

It is because he is out to destroy the U.S.

November 27 2012 at 9:44 PM Report abuse +2 rate up rate down Reply
janka51

they will have to add 4 more years on to that now

November 27 2012 at 9:08 PM Report abuse +1 rate up rate down Reply
1 reply to janka51's comment
Ken Carpenter

Sorry you are not up to date. Energy production has increased every year since Obama has been in office and will continue to increase every year in the forseeable future. Unfortunately, neither the President has nor Congress has anything to do with either the price oil, natural gas or the price gasoline. Oil production is driven by new technologys i.e. horozontal drilling and soophisticated fracking techniques. The price is determined by a combination of supply and demand and speculatlion in the futres markets.

November 27 2012 at 9:54 PM Report abuse rate up rate down Reply
2 replies to Ken Carpenter's comment
my god it's me!!

It doesn't seem that you are up to date. The production increase has been on private lands, not public ones. The production on public lands have been decreasing every year he has been in office.

November 27 2012 at 10:37 PM Report abuse +1 rate up rate down
doc4fitness

Oil and gas production on federal lands is 1/250th of what it was at end of Bush administration. That is from Dept of Interior.

November 28 2012 at 1:26 AM Report abuse +1 rate up rate down
Alan

No International Agency wants any US citizen to believe that energy independence is a good thing. It just would not fit their agenda. It certainly doesn`t fit the present administartions agenda.

November 27 2012 at 8:05 PM Report abuse +1 rate up rate down Reply
1 reply to Alan's comment
freethedems2012

So true.

November 27 2012 at 8:41 PM Report abuse +1 rate up rate down Reply
bfgair

and Santa Claus is just as real as the Easter Bunny and also just as real as an honest politiction.

November 27 2012 at 7:52 PM Report abuse +1 rate up rate down Reply
coochiescooter

Where's Evan Barthold, he will straighten this out.

November 27 2012 at 7:15 PM Report abuse -1 rate up rate down Reply
1 reply to coochiescooter's comment
coochiescooter

Come on Evan get off your Barry blow up doll.

November 27 2012 at 7:19 PM Report abuse -1 rate up rate down Reply