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Title: So why can't we drill for our own oil??????
Source:
American Thinker
URL Source: http://www.americanthinker.com/2011 ... nly_way_out_for_the_ameri.html
Published: Mar 5, 2011
Author: Steve Mc Cann
Post Date: 2011-03-05 15:35:28 by CZ82
Keywords: None
Views: 64862
Comments: 70
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. The US could become the single largest exporter of oil and oil related products in the world, thus potentially eliminating its trade deficit, and increasing the national standard of living as well as making a massive dent in the national debt. Here is a look at some of the largest untapped reserves: The Bakken Fields in North and South Dakota. New drilling and oil recovery technology is making the capture of this oil feasible and some development is now underway. It is estimated that there is at least 200 Billion barrels of oil in this region. At a price of $100 per barrel the value of this find is $20 Trillion. The Outer Continental shelf. It is estimated that around 90 billion barrels of oil sit beneath the ocean bed 50 to 100 miles off the shore of the Atlantic, Pacific and Gulf coasts. The value: $9 Trillion. The Alaska National Wildlife Refuge. About 10 billion barrels are locked up here with a current value of $1 Trillion. Tar Sands: Around 75 Billion barrels of oil could come from these areas which are similar to the Canadian tar sand fields and which now produce about 2 million barrels per day. The value: $7.5 Trillion Oil Shale. This is the most massive area of potential oil production in the world with an estimated 1.5 Trillion barrel potential. The technology necessary to extract this oil is now in place and being operated on a pilot project basis. The value of this resource: $150 Trillion There also the very real potential that further finds will be discovered as technology continues to improve. In total the value of the potential oil reserves of the United States listed above exceeds $187 Trillion. The current national debt is $14.2 Trillion or less than 8%. Despite the protestation of President Obama and the environmentalists the world and particularly the United States is not running out of oil. Their foolish tilting at windmills and solar will never produce energy sufficient to operate a $14Trillion and hopefully growing economy. It will be decades if not the rest of the 21st Century before any meaningful substitute for fossil fuels will be developed and additional time and investment will then be necessary to distribute the product. Mankind's ingenuity has and will continue to develop technology to safely extract, process and market fossil fuels (which is a naturally occurring resource). But the United States must begin now to open the areas for exploration, and permit the construction of refineries and pipelines. It is beyond absurd that a country sitting on so much natural wealth refuses to exploit it for the benefit of its citizens and instead deliberately puts the nation in the position of being subjected to the whims of others and face national insolvency. It almost appears to be deliberate.
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#2. To: CZ82 (#0)
(Edited)
Why can't we drill for our own oil? For the same reason we can't build our own nuclear power plants. The environmental kooks on the lunatic left are hell-bent on shutting down progress and returning us to the stone age.
we could drill everywhere there's oil in the U.S. and still not have enough to meet our needs. (See: seattletim es.nwsource.com...0009_newdrillingop10.html And, the companies drilling for that oil are free to sell it on the open market to the highest bidder. So as China continues to increase it's demand for oil the oil companies can continue to keep prices high and improve profits. Surely you aren't suggesting that the government mandate that oil companies operating in the U.S. sell oil to U.S. consumers, right? BTW, how much did we spend this year to subsidize oil companies in the U.S. this year? Oh, and if you really want to reduce dependence on foreign oil, raise mandatory MPG rates for automobiles.
Good idea! What do you suggest? 40MPG? 50? 100? Then, after we do that, we can raise the mandatory minimum wage to reduce our dependence on foreign workers! Hey I like your thinking. Hell, why doesn't Congress pass a law to just lower the allowable average maximum temperature to alleviate your (bogus) global warming/climate change?
Do you want to reduce dependency on foreign oil or not? If you do, "drill baby drill" won't give you the results you desire.
Okay, let's get this straight. Increased drilling of US domestic oil WILL NOT reduce US dependence on forgeign supplies. By that logic, let's shut down domestic production completely. Then we'll be awash in oil!
Here Amos maybe you can get some solace from reading this article and understanding what you're dealing with.... Psychiatrist Confirms: Liberalism Is a Mental Disorder February 17, 2008 Psychiatrist Confirms: Liberalism Is a Mental Disorder As a clinical and forensic psychiatrist, Lyle Rossiter has treated over 1,500 patients and examined over 2,700 civil and criminal cases. Turning his hand to political psychopathology, the author of The Liberal Mind: The Psychological Causes of Political Madness, has diagnosed an alarming percentage of the population as suffering from the grotesque form of mental derangement known by some as moonbattery. Among Rossiter's observations: Based on strikingly irrational beliefs and emotions, modern liberals relentlessly undermine the most important principles on which our freedoms were founded. Like spoiled, angry children, they rebel against the normal responsibilities of adulthood and demand that a parental government meet their needs from cradle to grave. A social scientist who understands human nature will not dismiss the vital roles of free choice, voluntary cooperation and moral integrity — as liberals do. A political leader who understands human nature will not ignore individual differences in talent, drive, personal appeal and work ethic, and then try to impose economic and social equality on the population — as liberals do. And a legislator who understands human nature will not create an environment of rules which over-regulates and over-taxes the nation's citizens, corrupts their character and reduces them to wards of the state — as liberals do. The roots of liberalism — and its associated madness — can be clearly identified by understanding how children develop from infancy to adulthood and how distorted development produces the irrational beliefs of the liberal mind. When the modern liberal mind whines about imaginary victims, rages against imaginary villains and seeks above all else to run the lives of persons competent to run their own lives, the neurosis of the liberal mind becomes painfully obvious. Basically liberalism is a willful failure to mature beyond adolescence that can have catastrophic consequences for society. With luck, the official diagnosis of this disease by a mental health professional will facilitate the search for a cure.
With some, I think it's their religion. They have their saints and icons (FDR, Saul Alinski, Bill Clinton, Obama), their Church (Unions and/or the democrat party), and their houses of worship (Rev. Wright's church, any union hall) Their equivalent of the Vatican is Washington, DC. It's too bad they've bastardized a perfectly good word like liberal - which shares a root word with "liberty" and "liberate". Classic liberals like Thomas Jefferson are probably rolling over in their graves. The term "statist" fits them much better
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#7. To: jwpegler (#2)
(Edited)
Why can't we drill for our own oil? For the same reason we can't build our own nuclear power plants. The environmental kooks on the lunatic left are hell-bent on shutting down progress and returning us to the stone age.
#8. To: go65 (#7)
Oh, and if you really want to reduce dependence on foreign oil, raise mandatory MPG rates for automobiles.
#13. To: Ignore Amos (#8)
Good idea! What do you suggest? 40MPG? 50? 100?
#15. To: go65 (#13)
Do you want to reduce dependency on foreign oil or not? If you do, "drill baby drill" won't give you the results you desire.
#16. To: Ignore Amos (#15)
By that logic, let's shut down domestic production completely. Then we'll be awash in oil!
#28. To: CZ82 (#16)
(Edited)
Psychiatrist Confirms: Liberalism Is a Mental Disorder
Replies to Comment # 28.
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