Posted on 12/17/2013 4:53:57 AM PST by thackney
I don’t believe anything the “feds” say about anything at any time - ever!
When I was in school in the ‘60’s the feds were predicting no-oil in 1970. In 1970 it became 1975 and it kept moving up and changing name...peal oil. We were also heading into an ice age. Then it became man-made global warming.
These predictions are all about sending money to supporters.
They are not the only one say such. But the Feds are the greatest source of data due to the reporting requirements to operate oil/gas companies in the US.
There have been a dozen articles in the last few days talking about America “drowning in oil.” Now the Feds are saying it’s coming to an end?
SOMEONE is lying.
It’s “coming to an end” — in 2040. Maybe everyone is telling the truth!
Hydrocarbons need to be freely exportable and not locked into domestic consumption. Exporting will help sustain the boom in US hydrocarbon production and encourage further investment. That is why environmentalists, leftists, and Obaminists are opposed to it. Some on this forum too since they believe property rights end at the border.
Of course domestic consumers wish to keep it “at home”, because it is “our oil”, in an attempt to lower prices. Those attempts while successful in the short run cannot keep the US from ultimately paying the going world wide rate.
There will be no decline in the n hydrocarbon production if the market is allowed to function freely. The US and the rest of North American will swamp the world with hydrocarbons and thereby lower prices world wide. Bye bye petty oil fueled dictators and princes.
Or we can restrict exports and go back to the 70’s.
Read more than the headlines. In the coming few years, the growth of production will continue. But it will not continue without end.
One thing I’ve noticed about these predictions is they don’t say “unless...”
True they are a great source of data, but how is this prediction any different than all those we’ve heard since we were children, honestly?
I read that part. It’s the variation of the degrees that boggles me. Several independent organizations state we’re sitting on 100 years worth of oil while the government downplays it as much less. If you think there isn’t an agenda here, I have some swampland I’d like to sell you.
Those articles were in regard to Mexico’s decision to allow foreign companies back into their oil fields and the expected increase in output related to that.
Someone is lying, especially the lobbyists for the oil companies. Does anyone still believe that all that oil came from a bunch of Dinos? Beter yet, what were all those Dinos doing cahorting over a mile below the surface when we keep finding all their bones on the surface?
Read “This Town”.
Is this counting getting the environmentalists out of the way and going after Alaska and other areas? I bet not.
MSM, government reports........bull spit.......put out for political reasons only......no credibility.
Any “peak oil” forecast by THIS administration should be met with as much skepticism as one can muster.
We do not have 100 year supply at the current technology and prices. Yes, there is far more petroleum available in the ground, but that does not mean it can all be produced with the same economical conditions of today.
they are aware that Obama’s SS, the EPA, will make this happen.
The US oil boom will end because the government will end it.
Gas prices are high now not because of increased demand, there is actually much lower demand for gas in this recession.
Gas prices are high now not because of decreased supply - supplies are at an all time high.
Gas prices are high now because the dollar has been devalued.
Cheap energy = individual freedom and prosperity = a population less controlled by the elite.
They hate that idea.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.