Posted on 06/13/2008 3:43:57 PM PDT by truthfinder9
From various sources, please consider:
• The Arctic National Wildlife Refuge in Alaska could supply more than 10 billion barrels of oil to the United States over 50 years.
• There might be more than 1 billion barrels of oil per square mile under Colorado. That's enough, by one estimate, to satisfy demand for up to 300 years.
• The Bakken fields that run below North Dakota, Montana and Canada are estimated to hold 400 billion barrels of oil shale. That's more than seven times the amount of oil in Saudi Arabia's largest oil field.
• About 86 billion barrels of oil are available at offshore locations.
• Then there's the 600-mile-long, 54,000-square-mile eastern U.S. Marcellus Shale Formation, estimated to hold as much as 516 trillion -- that's trillion with a "t" -- cubic feet of natural gas.
The United States has the oil, natural gas and coal reserves to increase supply to meet our energy demand and reduce energy prices -- and all in environmentally friendly ways. Additionally, these reserves give the United States ample time to develop truly revolutionary alternative energy sources, of which many likely have not yet even been dreamed.
It's time for politicians to stop pandering to the special interests who, with one hand, peddle plenty of faux solutions and, with the other, perpetually demand subsidies. It's time for the ecocratic wing nuts to get with the program. It's time for us to meet our challenges head-on -- to lead and not to follow.
America must be allowed to be America again. Should it not be, make no mistake that the American Revolution will know a sequel.
(Excerpt) Read more at pittsburghlive.com ...
This isn't the exception for Washington, it's the rule!! Any doubt that our government is irrevocably broken?? The circus isn't in town, but the clowns sure are!!!
OIL- Drill anywhere and everywhere we think there is recoverable oil. Screw Sierra Club and National Resources Defense Council. Oil drilling does not hurt the enviroment anyway. It has a VERY small footprint.
Bio-Fuels- NO! Unless we can made cellulosic ethanol work with bio material NOT used for food.
CTL (coal-to-liquid) - YES! We are going to have to do this anyway so why not get started now. It is expensive but we know this works. With oil at $130 a barrel it is very viable.
GTL (gas-to-liquid) YES! Same as CTL above.
NUCLEAR- YES! YES! YES! We need a ambitious program NOW!
SOLAR- YES, if it can survive without subsidies.
WIND- YES (see SOLAR above).
HYDROGEN- Off in the distant future. Keep research going. If there is a breakthrough then fantastic. However we cannot depend on a breakthrough. We need Nuclear Power to get the hydrogen by cracking H2O.
If we can do these things then we can break out of this morass. We need leadership and we will not get it from Obama. We will not get it from Democrats.
This field is not oil shale, which is a rock that contains kerogen, not crude oil.
The Bakken Field contains a lot of oil, nobody knows exactly how much. It's crude oil, much of it trapped in shale, not oil shale or kerogen. It's just not easy to extract.
Hydrogen is not a power source. It’s a not particularly efficient, although non-polluting, way of storing energy produced by some other means. Right now most of it is extracted from fossil fuels.
NATURAL GAS-Stop using natural gas to generate electricity. Do you hear me California! Natural Gas is too valuable to use for generating electricity. We need Natural Gas for industrial purposes and for conversion to liquid gas. It can be used for transportation. We should start building LNG terminals on the West Coast so we can bring down Natural Gas from Alaska. Start at Malibu. I do not care what the beautiful people think. Scre* them. We need an LNG facility at Seattle, Portland, SF Bay Area, Los Angeles and San Diego.
Let's get going!
This is why I said off in distant future. However there is no problem with keeping research going.
Even in the distant future, hydrogen will not be an energy source. It will still be sort of a battery, a storage mechanism.
Unless we actually get fusion to work, or something like that.
There are 10% more proven reserves today than there were 10 years ago, despite all the stuff used in the meantime. 20% if you count the now economic sources previously priced out, like Canadian tar sands.
The *error bars* on how much energy is available from known reserves of *coal*, are larger than the entire world's proven oil reserves. Oil is only 1/6th of the proven fossil fuel reserve.
The middle east has 82 years of proven reserves at present rates of production.
Demand is slow, as slow as population growth, worldwide, over the last 5 years.
High oil prices aren't driven by the dollar and hyperinflation, as the press tries to spin things, either. The dollar is down a third against the strongest currencies in the world and more like 10-15% on a trade weighted basis, while oil is up 4 fold over the same span. Meanwhile, the M1 narrow money supply hasn't moved at all since 2005.
It is a bubble.
The driving forces are -
(1) Iran getting nukes
(2) Russia, Iran, and Venezuela anti-American bloc
(3) Green nonsense outlawing all development
(4) Ridiculous globaloney about CO2
(5) Fear of CO2 taxation preventing other fossil fuel use
(6) The same braintrust that brought you dotcom, Enron, and real estate bubbles blowing a new one.
It is all a concerted attack on the strategic position of the US. But there is nothing behind it but sheer chutzpa and wind. If we told them to get lost we'd be fine.
We aren't. So there will be hell to pay, anyway.
$135 covers about 3 times more "not easy" than required. Industry isn't investing in extraction because they like ridiculously hype shortage nonsense, and because they rightly fear CO2 regs coming in and making any use of any fuel uneconomic the minute Obama is elected. If the west deliberately picks deindustrialization and chaos, it will get them.
In case you hadn't noticed, the west coast's first LNG terminal just opened in Baja California, Mexico. Sempra Energy could not build the terminal in California because of opposition from the usual suspects. The gas will be imported from our Muslim brothers in Indonesia and Qatar.
Not every house or city is connected up to gas lines and even if they were, there simply is not enough available gas to supply all of the heating needs in the northeast. The northeast once upon a time relied on anthracite coal for heating and power but the free market and cheap oil destroyed the industry.
Click here to see 6 pages of photos of destroyed anthracite collieries.
We very clearly have it within our means to divorce ourselves entirely from imported oil...if we could only muster the cajones to tell the DhimmiRats, enviro-whackos, and tree huggers to sit down and shut up while the rest of us save their petty a$$e$ one more time.
It’s going to take all of us shouting from the rooftops to get the idjits in DC to listen up.
We don’t need to tolerate environmental disasters to accomplish this, either. We already know how to do this cleanly and efficiently. If the bureaucrats and luddites will get out of the way.
Time to reclaim the country...again...
“(6) The same braintrust that brought you dotcom, Enron, and real estate bubbles blowing a new one.
It is all a concerted attack on the strategic position of the US. But there is nothing behind it but sheer chutzpa and wind. If we told them to get lost we'd be fine.”
I understand the assumption that there is a ‘concerted attack’, but only in the sense that it is a mindset that the control freaks have adopted and that the popular culture regurgitates. I sometimes wonder how President Reagan and his intellectual brothers would have responded to the current events.
“... a billion barrels of oil per square mile under Colorado....”
What moron publishes this stuff?
Capitalism delenda est is the moral, and the US is "the focus of evil in the modern world", for the whole coalition.
As for the mere speculators, they are simply looking to make a buck in whatever is moving. The above crowd can generate headlines and threats and initial moves. Other asset classes that went through their own busts clearly aren't going anyplace. But when you can borrow at 2-3% to ride a rocket-ship double every 2 years... They simply don't care what it does strategicially. Any trend that can be made to "go" by throwing money at it, they ride.
What would Reagan do? He'd tell the greens they are fools and defy them. He tell them they have no clothes (see Vaclav Claus for the only world leader actually leading on the subject) and that we will use all the fossil fuels we like and their luddite scaremongering be damned. He drill in Anwar, he'd open coal fields and permit new plants rapidly, he'd eradicate Iranian nukes to take that threat off the table, and he'd read the Saudis and gulf states and new Iraqi government the riot act. He'd tell Bill Casey to simply oust Chavez yesterday.
He'd tell any world leader who didn't like these policies that they could take their goods and travelers elsewhere. He'd tell Russia and China that we will be building missile defenses and expanding NATO to include Ukraine and increasing defense spending 50% and staying in the middle east, and that their campaigns against us doing any of the above were hollow and toothless.
The US has oodles of soft power, but refuses to use any of it and expects to be thought better of because of it. It isn't, it merely generates contempt. Meanwhile the Republican nominee tries to hug the most liberal democrat every to run for the presidency so closely on green nonsense that you couldn't shove a razor blade between them.
Shallow fools are sowing the wind. There will be hell to pay.
We don’t use that much oil for heating. Less than 5% of oil is used for heating nowadays. Please see the source below:
http://www.eia.doe.gov/emeu/aer/pecss_diagram.jpg
Yes we should use even less. Natural Gas is great for heating and cooking.
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