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California: Sitting atop black gold, forgoing for the green?
Hot Air ^ | February 4, 2013 | Erika Johnsen

Posted on 02/04/2013 8:21:48 PM PST by 2ndDivisionVet

While touting his ostensible “all of the above” energy plan and working the campaign trail not so very long ago, President Obama would justify his many expensive green-energy plans by repeatedly saying something along the lines of, “America consumes 20 percent of the world’s oil, but only has two percent of its reserves” — which is about as bogus a statistic as it gets. America only having two percent of the world’s oil relies on measures of its proven reserves, i.e., the amount of oil that has both been discovered and is technologically and economically feasible to extract, remaining static.

New technology means that oil deposits the world over are suddenly a lot more available for cost-effective human productivity, and while certain states have taken advantage of the effectively growing oil-and-gas abundance — North Dakota has been raking it in by tapping into the Bakken shale formation — California is sittin’ pretty atop a formation four times the size of that one. The NYT reports:

These wells are tapping crude directly from what is called the Monterey Shale, which could represent the future of California’s oil industry — and a potential arena for conflict between drillers and the state’s powerful environmental interests. …

Comprising two-thirds of the United States’s total estimated shale oil reserves and covering 1,750 square miles from Southern to Central California, the Monterey Shale could turn California into the nation’s top oil-producing state and yield the kind of riches that far smaller shale oil deposits have showered on North Dakota and Texas.

For decades, oilmen have been unable to extricate the Monterey Shale’s crude because of its complex geological formation, which makes extraction quite expensive. But as the oil industry’s technological advances succeed in unlocking oil from increasingly difficult locations...

(Excerpt) Read more at hotair.com ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: california; energy; greenenergy; obama; oil
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1 posted on 02/04/2013 8:22:01 PM PST by 2ndDivisionVet
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To: 2ndDivisionVet

We have tons of gold and other resources here in Cowleeforniah.

It’s just that we would rather go broke than use them.


2 posted on 02/04/2013 8:23:30 PM PST by Nachum (The Obama "List" at www.nachumlist.com)
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To: Nachum

“It’s just that we would rather go broke than use them.”

Whaddya mean “we”? ;)


3 posted on 02/04/2013 8:28:16 PM PST by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: 2ndDivisionVet

Another thing people like Obama ignore when they use those bogus stats is that we LEAD THE WORLD IN GDP.

We aren’t just wasting that energy.
We invent things and make things that change peoples lives.
Things that revolutionize the world and raise everyone’s standard of living around the world.

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29


4 posted on 02/04/2013 8:33:01 PM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: 2ndDivisionVet
Maybe it is time that the herd is thinned in places like CA and NY. NY doesn't want do develop Marcellus Shale unlike OH, PA, and WV. Below the Marcellus Shale is Utica Shale. That is the next play, particularly in OH and NY where it isn't all that deep. It is amazing CA sits on its natural resources the same way as NY. Well, actually not. Both are liberal states.

Maybe the rest of the country that is developing its resources while CA and NY are pursuing their socialist utopia, we should just cut CA and NY off from those evil petrochemicals. After all, that stuff is too dangerous to develop and they should understand. Let them buy their oil and gas from Muslims, while the rest of the country exports our unused quantities to the world for profit.

5 posted on 02/04/2013 8:37:09 PM PST by ConservativeInPA (Molon Labe)
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To: ConservativeInPA
500 Billion barrels baby ...about half the known worlds reserves...

San Jose to LA.....just drill it ...instead of that stupid high speed train

6 posted on 02/04/2013 8:44:43 PM PST by spokeshave (The only people better off today than 4 years ago are the Prisoners at Guantanamo.)
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To: spokeshave

Folks don’t remember .29 ethyl.

It doesn’t matter anymore. Shale explosion find in the Dakota’s. Doesn’t matter.

What are you paying at the pump.................


7 posted on 02/04/2013 8:51:29 PM PST by eyedigress ((zOld storm chaser from the west)/)
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To: 2ndDivisionVet

China owns it. Collateral.


8 posted on 02/04/2013 8:54:53 PM PST by ViLaLuz (2 Chronicles 7:14)
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To: Nachum
We have tons of gold and other resources here in Cowleeforniah. It’s just that we would rather go broke than use them.

They belong to Ghia, we cannot rape the Goddess.

9 posted on 02/04/2013 8:58:47 PM PST by ansel12 (Romney is a longtime supporter of homosexualizing the Boy Scouts (and the military).)
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To: ansel12

What the hell are you talking about. That’s like saying a Panda cannot eat Bamboo or crap on land.


10 posted on 02/04/2013 9:04:52 PM PST by eyedigress ((zOld storm chaser from the west)/)
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To: eyedigress

During one “gas war” on Long Island the price of leaded regular was 19.9 cents per gallon in the early 1970’s down from 24.9 cents.


11 posted on 02/04/2013 9:08:43 PM PST by Calamari (Pass enough laws and everyone is guilty of something.)
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To: Nachum

the only resources that liberals want to tap is in other peoples earnings


12 posted on 02/04/2013 9:11:06 PM PST by KTM rider ( American at heart..... Rebel by force)
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To: Calamari

The lowest I ever saw was .27 in Tennessee. You understand my point. Oil everywhere, I don’t see it.


13 posted on 02/04/2013 9:11:36 PM PST by eyedigress ((zOld storm chaser from the west)/)
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To: ansel12

What about a little foreplay for the goddess?


14 posted on 02/04/2013 9:12:25 PM PST by Calamari (Pass enough laws and everyone is guilty of something.)
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To: Calamari

In the 1960s gas used to dip to 17 cents during gas wars, and I think there was even 14 cent gas. Twenty one cent gas was pretty common.


15 posted on 02/04/2013 9:13:01 PM PST by ansel12 (Romney is a longtime supporter of homosexualizing the Boy Scouts (and the military).)
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To: Calamari; eyedigress
What about a little foreplay for the goddess?

I suppose you want a big platter of Panda ribs to go with that?

16 posted on 02/04/2013 9:15:30 PM PST by ansel12 (Romney is a longtime supporter of homosexualizing the Boy Scouts (and the military).)
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To: eyedigress

Yes. And we need to start refining our own and build some refineries. Increase the supply reduce the price.


17 posted on 02/04/2013 9:17:43 PM PST by Calamari (Pass enough laws and everyone is guilty of something.)
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To: ansel12

If he can’t eat off of “dear Mother” I don’t want anything to do with it.

Maybe some store bought bamboo will do....


18 posted on 02/04/2013 9:18:02 PM PST by eyedigress ((zOld storm chaser from the west)/)
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To: eyedigress

Yes. And we need to start refining our own and build some refineries. Increase the supply reduce the price.


19 posted on 02/04/2013 9:18:07 PM PST by Calamari (Pass enough laws and everyone is guilty of something.)
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To: Calamari

Tough Business.


20 posted on 02/04/2013 9:19:09 PM PST by eyedigress ((zOld storm chaser from the west)/)
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To: ansel12

And free drinking glasses or other give aways!


21 posted on 02/04/2013 9:21:01 PM PST by Calamari (Pass enough laws and everyone is guilty of something.)
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To: ansel12

Do they taste like chicken or panda because sometimes the kids get particular and want to know before I take them the KFC or Panda Palace.


22 posted on 02/04/2013 9:26:26 PM PST by eyedigress ((zOld storm chaser from the west)/)
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To: ansel12

Slow fire between 200 and 230 F, a good seasoning rub, mop every hour or so and hope they don’t taste like javalina.


23 posted on 02/04/2013 9:29:41 PM PST by Calamari (Pass enough laws and everyone is guilty of something.)
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To: eyedigress

I couldn’t really taste what the Panda ribs tasted like because of all the car exhaust fumes in the air, we were at the drive in where the girls served us by roller skates and since it cold, all the cars were running our heaters.


24 posted on 02/04/2013 9:31:29 PM PST by ansel12 (Romney is a longtime supporter of homosexualizing the Boy Scouts (and the military).)
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To: eyedigress

Yes. But would be easier with the EPA de-clawed and de-fanged.


25 posted on 02/04/2013 9:33:16 PM PST by Calamari (Pass enough laws and everyone is guilty of something.)
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To: eyedigress

Heh. I used to pump ethyl.


26 posted on 02/04/2013 9:34:32 PM PST by Cyber Liberty (Obama considers the Third World morally superior to the United States.)
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To: Calamari

I had my own apartment in high school and worked in gas stations, for that 19 or 21 cents per gallon, we would check your tires, your oil, clean your windshield, and head and tail lights, and give you free drinking glasses, and handle the entire back and forth trips of paying and bringing back change.


27 posted on 02/04/2013 9:34:38 PM PST by ansel12 (Romney is a longtime supporter of homosexualizing the Boy Scouts (and the military).)
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To: Calamari; ansel12

Bringing wild SW hogs in is a gamble. Shoot them from your truck if you can. They are quite gamely and are blind from what I can tell after removing their eyes.


28 posted on 02/04/2013 9:38:41 PM PST by eyedigress ((zOld storm chaser from the west)/)
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To: ansel12

Do you have that Texaco Star?


29 posted on 02/04/2013 9:43:52 PM PST by eyedigress ((zOld storm chaser from the west)/)
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To: Cyber Liberty; ansel12

I’m just screwing around with this idiot.


30 posted on 02/04/2013 9:54:59 PM PST by eyedigress ((zOld storm chaser from the west)/)
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To: eyedigress
“Folks don’t remember .29 ethyl.”

I was paying $.13 a gallon when I was in high School and I had our own tanks in my business and until 1974 we were paying $.29/gallon.

The ‘crisis” in 74 was caused by an article in the L.A. Times that got everyone to run to the gas station and fill their tanks which emptied the station tanks,.

Everyone in the country that was getting bulk delivery gasoline had been on rationing since 1972 so when the stations went empty they couldn't buy any more until the next month.

THERE WAS NEVER ANY SHORTAGE!!!

31 posted on 02/04/2013 9:54:59 PM PST by dalereed
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To: eyedigress; Calamari

The service was incredible, besides all those things that we did routinely, we would do most anything you asked, we would check the radiator and test and fill it, test the battery and fill it with distilled water, check out noises if you asked us to, we felt responsible for your automobile, can you imagine how women (and men as well) would like that service today.

We were locals, born and raised in America and we could give you real directions, and the owner was usually working during the day shift, the actual owner, the big cheese, the man who really, really, wanted you to make his station, your station, which means that we got to know you, and your car very well. The customer was king.


32 posted on 02/04/2013 9:59:35 PM PST by ansel12 (Romney is a longtime supporter of homosexualizing the Boy Scouts (and the military).)
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To: dalereed

Dale, I have seen you on this board forever. I don’t recall saying much to you. I respect a man that has afforded his opportunities and did well. Some folks don’t understand many things. An Oil Boom in America isn’t equating to the price at the pump.

Thanks for any input you may have.


33 posted on 02/04/2013 10:00:35 PM PST by eyedigress ((zOld storm chaser from the west)/)
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To: eyedigress

What idiot? Are you trolling, or drunk or something?


34 posted on 02/04/2013 10:01:11 PM PST by ansel12 (Romney is a longtime supporter of homosexualizing the Boy Scouts (and the military).)
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To: dalereed

BTW, my grandfather told me of wheat sent to sea only to be sunk. Our World is owned by satan and driven by the Father.


35 posted on 02/04/2013 10:03:16 PM PST by eyedigress ((zOld storm chaser from the west)/)
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To: dalereed

I was fresh out of the Army in 1974 and at Brown and Root in Texas, some the ex oil field guys were saying that the oil companies were capping off good wells to take them off line.


36 posted on 02/04/2013 10:04:38 PM PST by ansel12 (Romney is a longtime supporter of homosexualizing the Boy Scouts (and the military).)
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To: ansel12

What punches your buttons.....Come on....Spit it out.....


37 posted on 02/04/2013 10:05:22 PM PST by eyedigress ((zOld storm chaser from the west)/)
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To: eyedigress

Spit what out, are you drunk? Who were you addressing as idiot?


38 posted on 02/04/2013 10:09:07 PM PST by ansel12 (Romney is a longtime supporter of homosexualizing the Boy Scouts (and the military).)
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To: ansel12
They belong to Ghia, we cannot rape the Goddess.
39 posted on 02/04/2013 10:11:44 PM PST by eyedigress ((zOld storm chaser from the west)/)
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To: ansel12

Come on HR, you have an answer for that crap eh...............


40 posted on 02/04/2013 10:16:59 PM PST by eyedigress ((zOld storm chaser from the west)/)
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To: eyedigress

Amazing, you must be drunk, and a hostile drunk to have missed all the humor on this thread.


41 posted on 02/04/2013 10:19:58 PM PST by ansel12 (Romney is a longtime supporter of homosexualizing the Boy Scouts (and the military).)
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To: ansel12

Wow, accusing me of actually reposting your words. Liberal Life must be hell.


42 posted on 02/04/2013 10:22:01 PM PST by eyedigress ((zOld storm chaser from the west)/)
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To: 2ndDivisionVet
Huntington Beach, CA , 1940


43 posted on 02/04/2013 10:24:01 PM PST by Vince Ferrer
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To: ansel12

What do you have to say about your statement......

Pull a liberal misdirect if you must.......


44 posted on 02/04/2013 10:24:50 PM PST by eyedigress ((zOld storm chaser from the west)/)
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To: Vince Ferrer

LOL


45 posted on 02/04/2013 10:25:55 PM PST by eyedigress ((zOld storm chaser from the west)/)
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To: eyedigress

LOL, you really must be wasted, that was a funny remark that I made about Ghia, and it led to a number of humorous posts.

Drinking isn’t serving you well tonight.


46 posted on 02/04/2013 10:32:27 PM PST by ansel12 (Romney is a longtime supporter of homosexualizing the Boy Scouts (and the military).)
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To: ansel12

You seem to hung-over on this drinking thing. Let me guess your a “Fancy 49rs” fan.


47 posted on 02/04/2013 10:35:35 PM PST by eyedigress ((zOld storm chaser from the west)/)
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To: eyedigress

It is pretty clear that you are drunk, and angry, a bad drunk.

Look at your posts on this thread and this wild ranting and attacking.


48 posted on 02/04/2013 10:41:28 PM PST by ansel12 (Romney is a longtime supporter of homosexualizing the Boy Scouts (and the military).)
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To: ansel12
The refineries didn't totally shut down and the didn't have any place to store the oil.

Every empty gas station was filled with gasoline and at one time there were 19 tankers in L.A. harbor with no place to unload.

In 72 I had given up our allotment with Union Oil because they had gone to unleaded gas and it was seizing up the valves in our small Wisconsin engines but until the 74 crunch I was able to buy bulk delivery on the open market.

The only thing that saved my ass was we worked on almost every gas station and So. Calif Refinery in the 1st 2/3 of the last Century and a good friend who built and demoed gas stations was busy tearing down stations the were marginal and if the tanks had any gas in them he would call me and I would have a few hours to pump them out and haul the gas to our tanks before he turned the tanks over and dumped it.

In 74 the environmental wackos weren't in force and no one cared how much gas you dumped.

I finally hooked up with a distributor I knew in San Diego and he had a 500,000 gallon allotment for a school district that they didn't completely use and he would deliver me a truck and trailer of gas and diesel every month or 2 to L.A..

49 posted on 02/04/2013 10:44:35 PM PST by dalereed
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To: ansel12

LOL, after 30,000 posts I think I’m OK. Check yours HR.

It’s called Up Yours in old school.


50 posted on 02/04/2013 10:45:21 PM PST by eyedigress ((zOld storm chaser from the west)/)
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