Posted on 02/01/2011 5:52:04 PM PST by Kaslin
Energy Security: As unrest spreads in the Middle East, threatening oil transport and oil-rich kingdoms, our laughable energy policy may come home to roost. Better get those wind turbines spinning in a hurry.
Between them, the Suez Canal and adjoining pipeline transport some 4.5 million barrels of oil per day. More than 35,000 ships used the canal in 2009, about 10% of them oil tankers. The thought of the Muslim Brotherhood in control of it should give us pause. Yet that's a real possibility as the well-disciplined and ruthless mother of all Islamofascist groups lies in wait.
The street protests that began in Tunisia and have consumed Egypt have spread to Jordan, prompting King Abdullah II to sack his prime minister and ask a predecessor in that post to form a new government that would push for reforms and get ahead of the curve of unrest in the region.
Tunisia, Egypt and Jordan do not have much in the way of domestic energy supplies, but just down the road are the kingdoms of Saudi Arabia and the Gulf emirates.
The possibility of upheaval visiting their shores must be considered, especially with an ambitious and meddling Iran nearby.
Brent crude rose above $100 on Monday in London for the first time in 28 months, hitting $101.01 amid fears that spreading Mideast unrest could affect global supplies.
Eric Bolling of Fox Business Network warns that with all the instability in the Middle East, should unrest hit Saudi Arabia and the Gulf states, oil prices could rise above $200 a barrel. Even a spike to the $125-to-$150-a-barrel range could have disastrous effects on an energy-starved U.S. economy struggling to recover.
(Excerpt) Read more at investors.com ...
Ping.
Whaen gas is 5 bucks and the economy on a par with Cuba? You betcha.
Not with FUBARak the Kenyan in the White House. He’s out to punish America. Two hundred dollar oil is just the beginning.
Be way long oil.
The 0bama-Democrat-RINO (Progressive) "No Domestic Energy Policy!"
All of that puts the U.S. in a position that war for oil or
complete economic collapse will be our only choices.
You can't frustrate every source of domestic energy
without consequences. Our enemies will blackmail us
to the extent that we are vulnerable to blackmail.
0bama, the Democrats and RINOs are leading us into a real war for oil.
A war we won't have the energy to fight.
A war we don't need to fight because we have our own resources.
It Begins… First Oil Rig Relocates From Gulf to Foreign Waters
"As a result of the uncertainties surrounding the offshore drilling moratorium, we are actively seeking international opportunities to keep our rigs fully employed," Dickerson said. "We greatly regret the loss of U.S. jobs that will result from this rig relocation."
Idled Gulf Rigs Head For Africa
It is not just Gulf operations that are being effected either.
Wait and see for Shell {Shell puts Arctic drilling plans on hold, waiting on feds}
Let's not leave the refineries out.
EPA gives final "no" to Texas refinery permits
Then there are the land-based oil leases.
Judge Grills Feds on Pulling Drilling Leases"A federal judge on Wednesday questioned Interior Secretary Ken Salazar's justification for canceling 77 drilling leases sold by the Bush administration around national parks in Utah."
U.S. Saw Drill Ban Killing Many Jobs [ie. Obama KNEW he was destroying jobs, kept it secret]
Obama and O'Malley are Hurting the Poor in Md by Shutting Down Nuclear Power
Just throw em’ out and drill baby drill!
(I know; we DO know this, so we are complicit in our own destruction. sigh.)
ONLY IF DUMBO COULD CONTROL IT LIKE CHAVEZ
I’m just waiting for Bill O’Reilly to rail against the energy speculators as he did in 2008. I like his show, but he’s a dunce on economic matters.
We can’t drill fast enough to solve any current crisis, but we can drill fast enough to stave off a future crisis. We should have been drilling more the last decade or so and we’d not be in this current crisis.
Why drill for oil when you can get the same energy out of 400 dollars of clean energy?.. You have to be schooled in math to understand that 400 dollars is way cheaped than 200 dollars and it destroys the hated USA.
Why drill for oil when you can get the same energy out of 400 dollars of clean energy?.. You have to be schooled in math to understand that 400 dollars is way cheaped than 200 dollars and it destroys the hated USA.
would we drill it and then allow foreign multinationals to sell it on the open market?
Sure, in 2014.
It appears to me that $4.00 gas at the pump is the upper threshold for U.S. drivers. Once gas goes about this price they get really grouchy. And, I think (hope, prey)it will be the final spike in the heart (metaphorically speaking of course) of the evil President Zero regime...
if oil goes to $200 a barrel— i’ll be drilling—lol
Does this mean it’s time to short Japan?
When was a nuke plant (the safest and cleanest form of energy) made in the U.S. ?
We can drill, we can wake up old capped wells pumping thicker crude. We can steam inject, we can frack, we can gasify coal, we can make fuel out of corn and soybeans and switchgrass and stover and biomass.
Let them eat and drink their oil.
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