Posted on 03/04/2011 3:39:51 AM PST by Scanian
Economic despair reigns in America, as stagnation and mounting debt make our future look hopeless. Yet America is uniquely positioned to rebound and recover our economic preeminence. All that is necessary is a political decision to reverse our energy policy and stimulate domestic production of hydrocarbons. From that would flow a true economic stimulus that would mend many of our ills.
The United States is again, for the second time in less than three years, being reminded of its absurd dependence of foreign sources of energy, most notably, oil. The upheavals in the Middle East have driven up the cost of a barrel of oil into triple digits as it was in 2008. The increasing demands of countries such as China and India and the deliberate devaluation of the dollar by the Federal Reserve and the Obama administration are steadily pushing up oil prices in dollars.
The country's dependence of foreign sources has increased to 52% of the daily requirement as compared to 45% just 15 years ago. Over half of that amount comes from countries that are inherently unstable or ruled by despotic regimes whose interest it is to de-stabilize the United States.
Yet the United States is sitting on the world's largest untapped oil reserve. A natural resource that would not only mitigate the over $400 Billion sent overseas to other countries but could create untold millions of jobs and put the country on a sound financial footing.
The untapped reserves are estimated up to 2.3 Trillion barrels, nearly three times the reserves held by the OPEC countries and sufficient to meet 300 years of demand, at today's levels -- for auto, truck, aircraft, heating and industrial fuel, without importing a single barrel of oil.
(Excerpt) Read more at americanthinker.com ...
Add one more thing, Decrease other regulations that stifle business, especial those which benefit large company’s by holding back small business
Too bad we elected this Kenyan Commie whose GOAL is the destruction of our society.
I think we have this figured out—or should have by now.
Sarah Palin is the only potential candidate positioned to deliver this message.
The only “way out” is to get Congress to stop legislatin’ and stop spendin’. Lead follow or get out of the way at this point. The Feds clearly are no longer capable of serving the states needs.
She really needs to focus her energies on developing this ; it was the original thing that made her a star in my mind, the ‘08 interview with Bartaromo.
I agree... and she is the ONLY candidate with BRASS BALLS that are so big that they cannot fit in a number nine wash tub.
LLS
“Decrease other regulations that stifle business, especial those which benefit large company’s by holding back small business”
Holding back small business? Only after they secure the
borders and make the whole petroleum industry right to work.
Hate to see another trades wages suppressed due to illegal
and unfair business practices. Good idea but this should be
done across the board from the auto industry to banks.
Modern methods such as injecting steam and CO2 gas at high pressure and injecting special detergent fluids--all processes originally developed for extracting highly-viscous crude oil from California oil fields--have suddenly made a lot of these old oilfields suddenly economical again, and improved versions has suddenly made it practical to extract oil from tar sands and oil shale in situ without the need to mine out the tar sands or oil shale.
As such, the amount of oil that can be extracted are much bigger than people now guess. We may be talking about the possibility of 20 times the current estimate of the world's known reserves, and that doesn't include potential gigantic finds in the Arctic Ocean off the coast of Siberia and at the Spratly Islands between Vietnam and the Philippines.
During the 20th Century, we've had peak oil scares several times, but as improved oil extraction technology came online, those scares promptly went away. Right now, oil production is held back mostly for political reasons, in my opinion.
The only way out is to stop policies that are creating an ever increasing dependent, half-alive zombie parasite class. Cheaper energy will just enable us to continue in our destructive ways and put off the reckoning for a little longer. It would be like a loser wastrel winning the lottery. It would just set him up for a bigger fall. We need fundamental change. Not just more money to finance our cultural/social collapse.
Balance the budget with cuts in government spending.....
After we do this, all the good things will follow as a matter of course.
High fuel prices, food shortages, famine, high prices - - - all deliberately caused by politicians, not farmers or business men, mostly Democrats.
The U.S. imports an enormous amount of goods from China. They make products without the hindrance of regulations and only occasionally get "caught" (melamine in milk, for example). Manufacturers in the United States can't compete and have to sell their items at a much higher price because of over-regulation.
Small businesses have to jump through all kinds of alphabet agency hoops (EPA, FDA, etc.) as well, so that lessens production even more. There's still a demand, so China does the supplying and the U.S. Dollar suffers as a result.
We need to start drilling our oil reserves. It would accomplish several goals: We would stimulate our own economy with the tens of thousands of new jobs that would be created. Second, we could start exporting out the oil hence further increasing growth generation in the states. Third, the billions of dollars of money spent each year by US consumers would STAY in america instead of being shipped overseas to rich princes who care not of our well being. Finally, once we start depleting our oil resources, it would force a rapid increase in innovation in alternative fuels and energy sources. This further compounds jobs and growth domestically.
For so long, we have been far too reliant on this concept of “endless” oil. Once the countdown ticker starts, you know every energy company in the US will spend mass amounts of resources in finding alternatives. The oil party is going to end, lets do it on our own terms instead of on the whims of princes residing in desert palaces.
Why is it that your smart phone is more powerful than all the computers present in the 70s? But a 2011 battery is only marginally better than something created in the 70s? There was no motivation to develop that better battery. Capitalism for all its benefits needs a push every now and then.
“and stimulate domestic production of hydrocarbons.”
And mining. Mining minerals is a huge wealth multiplier. Like hydrocarbon extraction, mining stimulates other economic activity, like manufacturing and its various supporting businesses.
Dig and pump. That says it all.
First, though, we need to get rid of the eco-fascists and the leech lawyers, fascist bureaucrats and Marxist judges who support them. And I don’t care how its done
In a heavy british rock metal accent... mine go up to 11...
From that great classic rockumentary “This is Spinal Tap”
Sorry I couldn’t resist. :)
“But does it make it any louder”
“Well... it does go to eleven”.
Loved that movie!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LLS
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