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 worlds 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 worlds 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 Californias oil industry and a potential arena for conflict between drillers and the states powerful environmental interests.
Comprising two-thirds of the United Statess total estimated shale oil reserves and covering 1,750 square miles from Southern to Central California, the Monterey Shale could turn California into the nations 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 Shales crude because of its complex geological formation, which makes extraction quite expensive. But as the oil industrys technological advances succeed in unlocking oil from increasingly difficult locations...
(Excerpt) Read more at hotair.com ...
We have tons of gold and other resources here in Cowleeforniah.
It’s just that we would rather go broke than use them.
“Its just that we would rather go broke than use them.”
Whaddya mean “we”? ;)
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
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.
San Jose to LA.....just drill it ...instead of that stupid high speed train
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.................
China owns it. Collateral.
They belong to Ghia, we cannot rape the Goddess.
What the hell are you talking about. That’s like saying a Panda cannot eat Bamboo or crap on land.
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.
the only resources that liberals want to tap is in other peoples earnings
The lowest I ever saw was .27 in Tennessee. You understand my point. Oil everywhere, I don’t see it.
What about a little foreplay for the goddess?
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.
I suppose you want a big platter of Panda ribs to go with that?
Yes. And we need to start refining our own and build some refineries. Increase the supply reduce the price.
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....
Yes. And we need to start refining our own and build some refineries. Increase the supply reduce the price.
Tough Business.
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