Showing posts with label Crude Oil Supply. Show all posts
Showing posts with label Crude Oil Supply. Show all posts

Friday, April 02, 2010

From Tyrant to Tyrant


From Tyrant to Tyrant
Regain Freedom at the Ballot Box
A Commentary by J. D. Longstreet
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Surely, you didn’t believe President Obama when he declared there would be drilling for oil off the east of America, did you? Nah! Say it ain’t so!

Look, the truth is – many Americans alive today will never receive the benefit from a single drop of oil pumped from beneath the seafloor off the coast of the Eastern US, including the waters of my beloved Carolina coast.

Always, always, read the fine print. When you do you will learn a simple truth. There will be years and years of studies and hearings and court cases to supposedly determine the feasibility of drilling in these just opened areas. Should those multiple studies, somehow, find it IS feasible, then the environmentalists will step in and begin the years of challenges in the courts. As I said, many of us will not live long enough to see one drop of oil from those “fantasy wells” some 100 miles, or so, off our coast.

The same goes for the promised Nuclear power plants, as well. It simply ain’t gonna happen.

So what is this all about? It is all about “Cap and Trade.” Unlike some folks believe, Obama has not given up, nor has he forgotten his beloved Cap and Trade Bill, which he intends to ram down the throats of Americans -- much as he did ObamaCare. The promises of drilling for oil off the east coast and the new nuclear power plants is nothing more than lubricant for the “shafting” Americans are, once more, about to receive from the Obama Regime and his cohort of socialists and Marxists in the White House and the Congress.

Face it, dear reader, Obama is ruling much as a dictator. A benign dictator? No. So far as this scribe is concerned, there is no such thing.

The limp-wristed liberals will declare Obama’s dictatorial actions are “tough love.” They will declare “it is all for our own good.” That is pure bovine scatology! Just keep THAT in mind when you are pumping 6 to 8 dollars a gallon gasoline into your car’s gas tank in a few months.

Americans don’/t much care for dictators – benign or otherwise. Our American ancestors fought a revolution to free themselves from a dictator, a tyrant, a king, a man who held their very lives in his hand. Americans freed themselves, wrote a constitution, and created a government called a constitutional republic in which the government could govern only with “the consent of the governed.” From the 18th to the 21st century Americans fought, bled, and died to ensure the preservation of this republic. Then in 2006 and 2008, we gave it away – at the ballot box, no less!

Americans made a grave error. In the space of 5 years America’s current government has taken America from a constitutional republic to a strong, socialist, central government.

It is time to get real. It is time to focus on the things that matter in America -- and to Americans. If America is to survive ObamaCare must be repealed. Obama’s Cap and Trade Bill must be defeated, or repealed, and we Americans must retake our government, at the ballot box, and secure it from such threats as socialism, Marxism, communism and, yes, progressivism.

You have heard it said -- and read it as well, that the coming election in November, just 7 months from now, will be the most important election in the history of America. It is not an overstatement. It CANNOT BE OVERSTATED! Either America returns to the constitution’s way of government and preserves its freedom, or we will continue deeper and deeper, straight into the bowels of a socialist, and finally, a communist hellhole.

Remember in November – and vote for freedom.

J. D. Longstreet

Sunday, February 21, 2010

US Has More Oil Than The Entire Middle East


US Has More Oil Than The Entire Middle East
Did “Environuts” censor this Information?

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(Received this by e-mail. Checked the link and it is legitimate. The author is unknown to me.)
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Enough is enough. Americans are tired of being lied to about the availability of crude oil.

So – how much oil DOES America actually have, I mean, within the borders of the US -- not counting that off shore along our coastal shelf? Read on!

J. D. Longstreet
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Here's an interesting read. This is important and verifiable information: About 6 months ago, the writer was watching a news program on oil andOne of the Forbes Bros. Was the guest. The host said to Forbes, "I am going toAsk you a direct question and I would like a direct answer; how much oil does the U.S. have in the ground?" Forbes did not miss a beat, he said, "moreThan all the Middle East put together." Please read below.

The U. S. Geological Service issued a report in April 2008 that only scientists and oil men knew was coming, but man was it big! It was a revised report (hadn't been updated since 1995) on how much oil was in this area of the western 2/3 of North Dakota , western South Dakota , and extreme eastern Montana .....

Check THIS out:The Bakken is the largest domestic oil discovery since Alaska's Prudhoe Bay, and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable... at $107 a barrel, we're looking at a resource base worth more than $5.3 trillion.

"When I first briefed legislators on this, you could practically see their jaws hit the floor. They had no idea.." says Terry Johnson, the Montana Legislature's financial analyst.

"This sizable find is now the highest-producing onshore oil field found in the past 56 years," reports The Pittsburgh Post Gazette. It's a formation known as the Williston Basin , but is more commonly referred to as the'Bakken.' It stretches from Northern Montana, through North Dakota and into Canada . For years, U. S. Oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up The Bakken's massive reserves.... and we now have access of up to 500 billion barrels.... and because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL! That's enough crude to fully fuel the American economy for 2,041 years straight.

If THAT didn't throw you on the floor, then this next one should - because it's from 2006!

U. S. Oil Discovery- Largest Reserve in the World Stansberry Report Online - 4/20/2006. Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted.

With this motherload of oil why are we still fighting over off-shore drilling?

They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth. Here are the official estimates:

- 8-times as much oil as Saudi Arabia

- 18-times as much oil as Iraq

- 21-times as much oil as Kuwait

- 22-times as much oil as Iran

- 500-times as much oil as Yemen

- and it's all right here in the Western United States .

HOW can this BE? HOW can we NOT BE extracting this? Because the Environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy.....WHY?

James Bartis, lead researcher with the study says we've got more oil in this very compact area than the entire Middle East -more than 2 TRILLION barrels untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post.

Don't think 'OPEC' will drop its price - even with this find? Think again! It's all about the competitive marketplace, - it has to. Think OPEC just might be funding the environmentalists?

Got your attention yet?

Now, while you're thinking about it, do this: Tell your friends about this. If you don't take a little time to do this, then you should stifle yourself the next time you complain about gas prices!

By doing NOTHING, you forfeit your right to complain.

Check it out at the link below!!! GOOGLE it, or follow this link. It will blow your mind.

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Wednesday, January 27, 2010

My State of the Union ... by Alan Caruba

My State of the Union
By Alan Caruba
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Each one of us has their own “state of the union” so far as the economy is concerned. Much of the workforce receives a paycheck, but many of those jobs have ceased to exist. Other jobs involve contract services. A reported 10% of the workforce is unemployed and the likelihood is that the actual percentage is much higher.


Small business, one of the largest components of the economy, is hurting because consumers are cutting back on spending. It is no surprise either that the banking community, under direct attack by the President, is reluctant to stick its neck out. The result is an understandable reluctance to extend credit and loans, and a loss of investor confidence. On Wednesday, the President will give his first State of the Union (SOTU) speech, but if it looks and sounds familiar, it is because it will be the third time in the past year he has addressed a joint session of Congress. That has to be some kind of record, but he has set records for more than 400 speeches in the past year.


When the President reads yet another speech written for him by other people, keep in mind that he has surrounded himself with a cabinet and advisors composed primarily of lawyers like himself. Most have no experience in private enterprise. They have not managed a business, nor met a payroll. Less than ten percent of them have experience in the business sector. And these are the people charged with solving the current financial crisis!


I do not need to wait until Wednesday to hear President Obama’s State of the Union speech. I already know he cannot be trusted to respond honestly and candidly about any issue. Rep. Joe Wilson (R-SC) gained fame by calling out “You Lie!” in an earlier speech and he was right. He did, however, apologize for the breach of etiquette, but I am pretty sure other Republicans in the chamber will feel the same impulse.


After fifty years of earning a good living as a public relations counselor and a provider of editorial skills, the market for my skills has contracted in response to the economy. That’s my SOTU. I am confident that, when the economy improves, there will be individuals, corporations, trade associations and others who will rev up their efforts to influence consumers and issues, but until then, while the President lives off the fat of the land, I am pretty much living off my “fat.”


A recent issue of U.S News & World Report devoted an entire issue to my generation and those closely gaining on it. It concluded that many either do not want to retire, nor can afford to. I have a cousin, also in his 70s, who’s in his Wall Street office every day. According to the magazine, both of us have a good chance of making it to age 100! Many investments intended to provide a retirement nest egg have been reduced in value, interest on savings is miniscule, and the rising cost of living has left those in their seventies and older often unable to opt out of the work force if they are fortunate to be employed or considering re-employment if a job can be found. We make excellent workers because we come equipped with a good work ethic and attitudes. Meanwhile, a legion of Baby Boomers is beginning to join our ranks, lining up for their Social Security and other benefits.


Tampering with Medicare this year, a huge distraction from the task of encouraging job growth, was possibly the dumbest thing the White House and Democrat Congress could have done. There will be a senior citizen payback at the ballot box in November.


I have a younger member of my family who, like thousands of Americans these days, owns a home whose value is less than his mortgage. Like all homes, it is a money pit. And worse for him, it is in New Jersey, a state with the highest property and other taxes in the nation. At the height of the housing bubble, I sold the home in which I had lived for more than sixty years and moved to a luxury apartment complex. I miss my former home, but it didn’t come with a pool, a fitness center, and a charming concierge staff.


Having been born during the Great Depression of the 1930s, I have now lived long enough to be in a new Depression. The irony is that both had their roots in government policies and, in both cases, were prolonged by government hostility to corporations, banks, and other generators of income and growth. The present administration is maniacally opposed to Wall Street. They oppose the engines of energy in America, oil, coal, and natural gas. They waste billions on so-called “renewable” energy or “biofuels”, all of which are incapable of producing sufficient energy for even a moderate-sized city or town. Biofuels just drive up the cost of crops like corn for no sensible reason.


Those “shovel-ready” construction projects have not yet materialized while the nation’s infrastructure continues to be neglected. Not one single new nuclear plant or refinery has been built since the 1970s.


Over the years, the auto industry has been destroyed by increasing congressional interference in the form of mileage mandates, by requirements for ethanol use, and, internally, by the auto unions that demanded and received huge medical and retirement plans that ate profits. Two of the largest American auto manufacturers are essentially owned by the taxpayers due to massive, multi-billion bailouts, and controlled by the unions that destroyed them.


So my SOTU is to find a market for my editorial and other skills. I don’t give a rat’s patoot what the President will say Wednesday evening. He’s not the solution. He is the problem.


Alan Caruba

Saturday, December 26, 2009

Life in a Box by Paul Driessen


Life in a box
Is there an exit strategy for this energy, environment, and economic predicament?
By: Paul Driessen
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“Life in a box is better than no life at all,” playwright Tom Stoppard famously opined, through the personage of Rosencrantz. (Or was it Guildenstern?)That’s lucky for us, because our energy, environmental and economic policies have certainly put us in a box – and there is no easy way out.


Congress passed a $787-billion “stimulus” bill, and a $3-billion cash-for-clunkers program that trashed perfectly good cars, and the energy and raw materials that created them. It’s halfway toward imposing nationalized healthcare that could cost taxpayers another $2.5 trillion over its first decade.


Unemployment now stands at 10.2% officially, or 22% if you include people who have given up on finding a job. At this point, 25 states have borrowed $23 billion from the Federal Unemployment Trust Fund, to meet their obligations to work-deprived workers.


Meanwhile, over in Copenhagen, the G-77 poor nations snubbed Europe’s offer of $10 billion over three years, for climate change reparation, mitigation and adaptation. “The world’s scientists and policy makers say this is the greatest risk humanity has ever faced,” G-77 chairman Lumumba Di-Aiping noted. Something closer to $1 trillion every few years would be more appropriate, he suggested.


That’s in addition to regular foreign aid – and on top of the $50 trillion in life support for corrupt dictators that the developed world has already provided to still-impoverished nations since 1950.In response, Secretary of State Hillary Clinton dutifully pledged that the United States will importune taxpayers, private donors and other countries to raise $100 billion annually through 2020, to help poor nations cope with the “ravages” of global warming – or our current “CO2-driven” global cooling. She claims the money will be provided only if China and other major developing countries agree to binding emission targets that can be verified internationally (a condition that they have steadfastly rejected).


But of course, neither Di-Aiping nor Clinton wants to remind anyone of a few elephantine realities. This “greatest risk humanity has ever faced” is based on fraudulent claims, data, models, analyses and peer reviews. The proposed 83% reduction in CO2 emissions by 2050 would send the United States back to levels last seen in 1908 – or 1868 when population, energy use and technology changes are considered.


The cap-tax-and-trade laws and Copenhagen treaty represent the greatest transfer of wealth, power and control in the history of mankind. Perhaps worst, the energy taxes and restrictions amount to economic suicide by PDCs – previously developed countries.


That collective seppuku would benefit some in emerging economies but bring little or no environmental gain or climate stabilization. The surging economies will emit far more pollutants and CO2 than the US, Europe and Canada can eliminate, even if they send emissions to zero; and carbon dioxide is a minor player in climate change, compared to the sun and a host of other natural forces.


Where will the United States find the trillions of dollars to pay for all this? “We’re out of cash,” President Obama has pointed out. So he and Congress have announced the usual progressive “solutions.”


They raised the national debt ceiling to $14 trillion – a 39% increase since Democrats took charge in 2007. (The debt is now 60% of the nation’s GDP.) They plan to raise taxes, print more increasingly devalued currency, and unleash the Internal Revenue Service on businesses and families. And of course implement cap-tax-and-trade – to take $300 billion a year from energy consumers, and transfer it to government bureaucrats and companies with good lobbyists.

They adamantly refuse to raise revenue by doing what built America: tapping the energy and mineral resources that America still has in abundance: a century’s worth of oil, natural gas and shale oil in Alaska, the Western states and Outer Continental Shelf (OCS); two centuries’ of coal on public and private lands; and vast stores of uranium, metals and rare earth minerals. Oil shale deposits alone contain 1 trillion barrels of recoverable oil, nearly equal to the world’s total known conventional oil reserves, the Institute for Energy Research calculates.


These resources could generate trillions of dollars in bonuses, rents, royalties and taxes, and create or save millions of high-paying jobs. They could provide the billions of tons of concrete, steel, copper, fiberglass, plastic films and rare earths that will be needed to cover millions of acres with wind turbines, solar panels, geothermal facilities and transmission lines, for the new “eco-friendly” economy.


But many of our best energy and mineral prospects are locked up in over 500,000,000 acres of wilderness, park, refuge, recreation, scenic, endangered species habitat, and ecological study areas and “protective buffer zones.” Offshore, the vast majority of our OCS energy is likewise off limits.


Developing these resources is ideologically anathema to Democrats and greens, who concoct new anti-development rationales and restrictions every week.


Instead of developing these bounties and reaping the energy and economic benefits, we spend trillions importing replacements: oil, natural gas, uranium, metals and even wind turbines. A new 240-turbine wind farm in western Texas has reportedly created 2,800 jobs – but 2,400 of them are in China, where the turbines are manufactured! The 400 new green-collar American jobs include truck drivers to haul the gargantuan parts from the West Coast to West Texas, an installation and landscaping crew, and a small army of bureaucrats, lawyers and accountants.


This is the green, sustainable economy of the future? America’s oil and natural gas industries alone support more than 9 million American jobs and contribute well over $1 trillion annually to the US economy, PricewaterhouseCoopers has calculated. Coal likewise generates vast job and economic benefits. At 400 temporary jobs per wind farm, renewable energy has a long way to go.How long the US economy and family can survive such “sustainability” is a question our illustrious law and policy makers had better start addressing.


“Quite frankly, from our point of view,” Polish Finance Minister Jan Rostowski recently said, “it’s totally unacceptable that the poor countries of Europe should help the rich countries of Europe help the poor countries in the rest of the world.” Those Eastern European countries lived under Nazi and Soviet regimes for five decades. They have no desire to live under a UN climate dictatorship.


Copenhagen and the circling of alarmist wagons over the climate change email and computer code scandal has made one thing absolutely clear, to anyone with open eyes and minds. The caterwauling over warming has nothing to do with science or saving Planet Earth.


It has everything to do with global governance, UN control of energy, economies and lives, and of course money – for research, renewable energy, bureaucracies, and international welfare.Rosencrantz was satisfied with life in a box. “You’d have a chance, at least. You could lie there thinking, ‘Well. At least I’m not dead.’”


Have we now become Rosencrantz? Or does the spirit of Patrick Henry still reside within? “Is life so dear or peace so sweet as to be purchased at the price of chains or slavery? Forbid it, Almighty God. I know not what course others may take, but as for me, give me liberty or give me death!”Hopefully, the 1776 redux will come at the ballot box. But if the eco-tyranny continues, Earth’s climate may really heat up.

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Paul Driessen is senior policy adviser for the Committee For A Constructive Tomorrow (CFACT), which sponsors the All Pain No Gain education campaign and petition against job-killing global warming policies, and the ClimateDepot website for the latest news and views on climate change. He is also a senior policy adviser to the Congress of Racial Equality and author of Eco-Imperialism: Green Power - Black Death.

Sunday, June 21, 2009

Are We Running Out of Oil - or NOT?



Are We Running Out of Oil… Or Not???
A commentary by J. D. Longstreet
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If one listens to the MSM one will believe that the world is going to run out of oil next week! Everything will come to a grinding halt. The economy will crash… everything will end! Typical “Chicken Little” stuff.

Well, I don’t believe it.

I haven’t gotten around to researching whether oil is a renewable resource or not. Some say yes… while others say it is not and, that the supply of oil is finite. I simply don’t know… yet. I haven’t researched it.

In the meantime I did find some interesting info over at the National Center for Policy Analysis. You can visit them and take a look at the info they have posted there which seems to bolster the fact that we are nowhere near depleting our oil supply. Visit them at:

http://www.ncpa.org/pub/bg/bg159/index.html#c


I gleaned some interesting tidbits such as:

"Oil shales may hold another 14,000 billion barrels of crude oil -- a 500 year supply."

Did that shock you?

Well check this out from the web site of the National Center for Policy Analysis:

“Scaremongers are fond of reminding us that the total amount of oil in the Earth is finite and cannot be replaced during the span of human life. This is true; yet estimates of the world’s total oil endowment have grown faster than humanity can pump petroleum out of the ground.
The Growing Endowment of Oil.Estimates of the total amount of oil resources in the world grew throughout the 20th century.

In May 1920, the U.S. Geological Survey announced that the world’s total endowment of oil amounted to 60 billion barrels.


In 1950, geologists estimated the world’s total oil endowment at around 600 billion barrels.

From 1970 through 1990, their estimates increased to between 1,500 and 2,000 billion barrels.

In 1994, the U.S. Geological Survey raised the estimate to 2,400 billion barrels, and their most recent estimate (2000) was of a 3,000-billion-barrel endowment.

By the year 2000, a total of 900 billion barrels of oil had been produced. Total world oil production in 2000 was 25 billion barrels. If world oil consumption continues to increase at an average rate of 1.4 percent a year, and no further resources are discovered, the world’s oil supply will not be exhausted until the year 2056.”

There is much more info on this site. For instance:

Additional Petroleum Resources: The estimates above do not include unconventional oil resources. Conventional oil refers to oil that is pumped out of the ground with minimal processing; unconventional oil resources consist largely of tar sands and oil shales that require processing to extract liquid petroleum. Unconventional oil resources are very large. In the future, new technologies that allow extraction of these unconventional resources likely will increase the world’s reserves.

Oil production from tar sands in Canada and South America would add about 600 billion barrels to the world’s supply.

Rocks found in the three western states of Colorado, Utah and Wyoming alone contain 1,500 billion barrels of oil.


Worldwide, the oil-shale resource base could easily be as large as 14,000 billion barrels — more than 500 years of oil supply at year 2000 production rates.

Unconventional oil resources are more expensive to extract and produce, but we can expect production costs to drop with time as improved technologies increase efficiency.

(From the National Center for policy Analysis)

http://www.ncpa.org/pub/bg/bg159/index.html#c

There is lots more info the inquiring mind can chew over on that site.

I suppose, if anything, this should give us all pause to re-think our Gas Shortage. It is being sold by the MSM as a crude oil shortage when in fact we have plenty of crude. What we don’t have in the US is refineries! We need two or three times as many as we have…. and soon. But, unless Congress steps in and forces the EPA to back off some of it’s hamstringing rules so the petroleum industry can build new refineries then we have only begun to feel the pinch at the pumps!

J. D. Longstreet

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