Posted on 07/10/2012 8:21:38 PM PDT by rjbemsha
A new age of abundance for fossil fuels is upon us. And the center of gravity of the global energy picture is shifting from the Middle East to… North America.
(Excerpt) Read more at blogs.the-american-interest.com ...
Only if we get Obama of the world stage.
He can have the world stage as long as we evict him from 1600. By the time he exits, the world won’t give a damn about us and as far as I’m concerned, the feelings will be more than mutual. If they love him as much as he says they do, then he is their problem, not ours.
North America is an energy colossus. Energy in all forms should be cheap and abundant here. The only reason it isn't is government intervention
Energy is a huge input in manufacturing, agriculture, and even the service sector. We should be using our huge competitive advantage in energy.
AMEN!
Or in other words...
Dig, baby, dig.
May 14, 2012 – The GAO tells Congress that the shale oil reserves of the Green River Formation is greater than the rest of the world's proven reserves.
“The Green River Formation--an assemblage of over 1,000 feet of sedimentary rocks that lie beneath parts of Colorado, Utah, and Wyoming--contains the world's largest deposits of oil shale,”Anu K. Mittal, the GAO’s director of natural resources and environment said in written testimony submitted to the House Science Subcommittee on Energy and Environment.
“USGS estimates that the Green River Formation contains about 3 trillion barrels of oil, and about half of this may be recoverable, depending on available technology and economic conditions,” Mittal testified.
“The Rand Corporation, a nonprofit research organization, estimates that 30 to 60 percent of the oil shale in the Green River Formation can be recovered,”
Mittal told the subcommittee. “At the midpoint of this estimate, almost half of the 3 trillion barrels of oil would be recoverable. This is an amount about equal to the entire world's proven oil reserves.”
One thing is for sure: If we don’t get to it, China and Russia will.
Obama has spent us into a hole. He'll probably sell off big chunks of the USA to China and Russia to keep feeding his food stamp minions. Get ready to speak Chinese and Russian as our new bosses hire us to get their oil from our former lands.
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