And So I Go: Yesterday, Today and Tomorrow

UPDATED: It’s all about OIL! And Obama’s LIES!

Posted on: March 11, 2011

The Middle East is BURNING,  China has been  buying up oil and coal leases all over the world and Russia is building a huge oil pipeline into  Europe (Russia has already shut off the oil once in order to get Europe to do as Russia wanted).  This should be telling Washington and that “whatever” we have in the White House that it is time to DRILL BABY DRILL.   Why then are we accepting the LIES our President is telling?? Why then are our Congressmen not  demanding Obama take action.  Why doesn’t our Congress pass a bill overriding Obama’s moratorium and force the opening up of our own oil and coal  rich lands? If I, a silly old broad from back woods West Virginia, is able to see the future so plainly then why are these supposedly intelligent people not able to?  The United States is going to soon, very soon!, be held up and stripped of everything we still have by China and Russia if we do not make ourselves energy independent.  Don’t give me that old, “But even if we start today it will be years before we have oil.”  So what?  If we had started at one of the many points when  that excuse was used we would have had our own oil flowing by now.  Besides it is the starting that will get this economy skyrocketing back! Opening up the drilling mean jobs in drilling but even  more jobs  hundreds of areas in the economy.    So many jobs in fact that people may forget and actually reelected that abomination in the White House to a second term!  And unfortunately  since the money will be flowing into the government coffers no one will be looking closely when he  shoves thru all his many entitlement programs.  School children will be permitted to go back to singing the praises of Obama. (remember that!)

Now that the earthquake in Japan has put a period to nuclear energy  oil will be THE energy source of the future.  I have never been a fan of nuclear simply because of the radioactive waste that after 40 years are still sitting around on the grounds of power plants in concrete containers just waiting for an earth quake or a dirty terrorist bomb to unleash a holocaust.  Well the earthquake hit and the nuclear holocaust is set to hit Japan again.

This aside:  You know I have always wondered why Japan of all countries after the Atom bomb devastation and their island country being so prone to earthquakes  has been willing to embrace nuclear power.   There is going to be a melt down and a catastrophe.  Both the United States and Russia are rushing coolant to Japan but I fear it is already too late.  the last I heard reported was that they were going to have to release “some radioactive vapor”.  Doesn’t sound good to me People.

Anyhow this rant started over OIL.  And will end with OIL.  We have, we need it and our President won’t allow us to go after it.  BB

UPDATE:  I said it didn’t sound good and now know it isn’t good.  the core is heating up and so far can not be stopped which means a melt down is imminent.   From wikipedia:  “a nuclear meltdown is often part of a larger chain of disasters (although there have been so few meltdowns in the history of nuclear power that there is not a large pool of statistical information from which to draw a credible conclusion as to what “often” happens in such circumstances). For example, in the Chernobyl accident, by the time the core melted, there had already been a large steam explosion and graphite fire and major release of radioactive contamination (as with almost all Soviet reactors, there was no containment structure at Chernobyl).”

Clearing-up Today’s Obama Energy Lies

by Jeff Dunetz

This afternoon the President of the United States tried one again to mislead the public about domestic oil production and how much untapped oil is left in the ground.  He said that domestic oil production is at the highest level in seven years and he indicated that American reserves are not adequate to help the US reduced its dependence on foreign oil. If Congressman Wilson was in the audience he might have repeated his famous shout “You Lie.”

Domestic Oil Production.

Obama commented that US oil production was at its highest point in seven years. That was both incorrect and misleading.  Daily average production of oil last year 5,361,000 barrels/day the best since 2005’s 5,419,000/day. The real misleading fact about his statement, is that neither year is even close to levels seen only ten years before when production was 20% higher.

The President mentioned 35 offshore contracts were awarded, hiding the fact that off shore oil production has been way down since 2005, and that production took a big drop as soon as Obama took office (even before BP)

Source for both charts above the US Energy Information Administration.

Domestic Supply The President grossly undersold America’s oil supply saying that we only have 2% of the worlds supply. OK he didn’t undersell, he lied big time. The number is America’s proven reserves where we are already drilling. It does not include the 10 billion barrels available in the Arctic National Wildlife Refuge. It does not include most of the 86 billion barrels available offshore in the Outer Continental Shelf, most of which President Obama has placed under an executive drilling ban. And it does not include the 800 billion barrels of oil we have locked in shale in Wyoming, Utah, and Colorado. Those shale resources alone are actually three times larger than the proven reserves of Saudi Arabia, so the claim that the U.S. only has 2% of the world’s oil is clearly false.

A 2009 study by the non partisan Congressional Research Service (CRS) sheds light on America’s energy resources. It shows show the U.S. supply of recoverable oil to be 167 billion barrels of oil, the equivalent of replacing America’s current imports from OPEC countries for more than 75 years. And that’s just the oil, when you include gas and coal, the U.S.  has energy reserves the equivalent of 1.3 trillion barrels.


On top of that there is more Oil to find. For example, in 2008 the US Geological Survey announced that the Arctic holds about 90 BILLION barrels of Oil, more than Nigeria, Kazakhstan and Mexico combined about one third of the reserves are in Alaskan waters.  In the graph below the darker the blue the better the probability of Oil. In the map below the darker the green the more oil. The Dark green area between five and six o’clock is in Alaska territory, which is just under 30 Billion Barrels of Oil. And just like anything else in this world, politics will play a huge part in how soon we can get to it



Oil Companies Are Not Using The Leases They Have.

The President said the “Industry holds leases on tens of millions of acres both offshore and on land where they aren’t producing a thing.” and he said he wants to “encourage companies to produce [on] the leases they hold.”

If Obama is telling the truth, those oil companies must be run by idiots, paying for leases but not getting the product out of the ground so they can make money. Thankfully for those who hold stock in big oil, it isn’t that the oil companies are run by idiots its that the President thinks the American people are idiots and will believe that particular pack of lies.

A lease is for exploration and production, not just production, and because oil is not equally distributed across the globe, one parcel of leased acreage may not hold any oil. Moreover, due to government red-tape, which has gotten more complected under the Obama administration, it can take years for companies who own a lease to complete their exploration activities. To get to the production phase, it could take as long as ten years. Ironically, President Obama wants to tax companies for not producing on their leases, even if the federal government’s refusal to grant permits is the reason why those companies are not drilling.

The truth is, ever since Barack Obama took office the President has been making it more difficult to exploit our own energy resources, one of his first actions was having the Secretary of the Interior cancel leases to exploit our shale oil reserves in Utah. It seems as if President Obama’s energy policy consists of making America more dependent on foreign oil.

I have come to the point where every time this “thing” comes on TV    I change the channel or turn the TV off.  Lies are all that come from his mouth.  BB

 

Gallup: 60 percent of Americans Support More Offshore Oil Drilling

2:01 PM, Mar 14, 2011 • By MARK HEMINGWAY
Some 60 percent of Americans want to see more offshore oil production according to the latest Gallup poll. That’s up 10 percent from last May. And that’s not all:

The latest findings are from Gallup’s annual Environment survey, conducted March 3-6. The same poll shows 49% of Americans in favor of opening Alaska’s Arctic National Wildlife Refuge (ANWR) for oil exploration. This is up slightly from 43% in the previous measurement in 2008, and is the highest level of support Gallup has recorded for drilling in ANWR since the question was first asked in 2002.

In this week’s issue of THE WEEKLY STANDARD, Matt Continetti examines how the Obama administration is so out of sync with the American people on energy policy:

[Obama] proudly (and correctly) touts the fact that in 2010 domestic oil production reached its highest level in seven years. But he doesn’t grasp that supply must increase by a lot more, and a lot more quickly, if Americans are to enjoy affordable fuel.

“We need to continue to boost domestic production of oil and gas,” Obama said last week. How? The president wants to know if the oil companies are sitting on any untapped reserves. He’d like to see further research and exploration and “information gathering.” He said that “We’re looking at potential new development in Alaska.” Someone should put the president’s portrait next to the dictionary definition of “passing the buck.” There are plenty of ways to encourage production right now. Moping that it takes time for new fields to come online is no excuse. If the government had responded to the widespread outcry to drill three years ago, we’d be that much closer to having additional supplies of energy today.

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