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| Economy |
| WE ARE SWIMMING IN OIL |
| 2012-05-13 |
| America has more fossil fuel resources than any other nation. Russia is second, Saudi Arabia is third. On Thursday, a representative of the Government Accountability Office testified before the House Science Subcommittee on Energy and Environment that the Green River Formation alone–it is located at the intersection of the states of Colorado, Utah and Wyoming, and mostly underlies federal lands–contains as much oil as the entire proven reserves of the rest of the world combined. America is uniquely blessed in its energy resources. Two questions remain: 1) will Obama finally abandon his moronic two percent claim, and 2) will Obama, in a possible second term, block the development of the resources that can assure America’s economic supremacy for generations? |
| Posted by:Beavis |
| #14 JM- You couldn't have possibly been referring to the 1956 John Ford movie "The Searchers" starring John Wayne, Jeff Hunter and others...If so please explain the "Ward Bond" reference, because as far as I know, Bond wasn't in the later TV series. And, YES; We are swimming in oil, natural gas and clean/dirty coal. The socialist pervert anarchists will soon totally cripple the USA if they are not "stopped". |
| Posted by: canalzone 2012-05-13 22:38 |
| #13 The way I understand it oil shale was uneconomical until recently, with the price where it is oil shale makes sense. And if Obama was smart he'd embrace it because a source of free cash/energy is the only way he's gonna get people willing to give over economic control. |
| Posted by: rjschwarz 2012-05-13 20:42 |
| #12 One of the best ways to align the state and the driller would be to auction the right to drill, based on the %age the government gets to sell. So you pump up 10 barrels, and bid 50% you give 5 barrels to the state. Best way to disperse the money is via a dividend. |
| Posted by: Bright Pebbles 2012-05-13 20:15 |
| #11 Je was fat-fingered me on I-phone |
| Posted by: Glenmore 2012-05-13 20:01 |
| #10 Key word Is 'resources' - US has the most of those because our oil geology is by far the best-studied, and our ownership structure allows the most profit-per-barrel so attracts capital to the most 'marginal' of resources. This does not mean the US has the most petroleum in the ground or that it can be produced at a profit right now. |
| Posted by: Je 2012-05-13 19:59 |
| #9 "Damn! We were THAT close.": Cloward and Piven |
| Posted by: Bright Pebbles 2012-05-13 19:50 |
| #8 I hope it is true - iff one believes as I do that OWG-NWO is akin to [Proto]SPACE GOVT-ORDER, i.e. integrating, organizing, + unifying? the Govts, People, + Resources of Planet Earth for the exploration + habitation of Deep Space, then it should be anathema for same to see Politicos + Science Perts, etc. being seriously divided on major issues such as the availability, present + future, as per vital resources for such ventures. BE IT CONTEMPORARY NATIONALISM, POST-NATIONALISM, GLOBALISM, POST-GLOBALISM, + "STAR/STELLARISM", THESE ARE THE QUESTIONS THAT M-U-S-T BE ASKED AND ANSWERED, LEST HUMANITY NEVER GOES INTO SPACE! * "THE SEARCHERS" WARD BOND = MUST, MUST - spelled M-U-S-S-E - MUST! |
| Posted by: JosephMendiola 2012-05-13 19:48 |
| #7 Yes , yes this sounds so nice. The industry ia projecting 7-8 dollars for regular. We should see some increases this season as we would normally see. I would rather see everything be convered to NG. |
| Posted by: Dale 2012-05-13 19:17 |
| #6 And here the National Geographic Society published - Yes, this time the oil shortage is real! |
| Posted by: Procopius2k 2012-05-13 19:08 |
| #5 Isn't shale oil extracted by mining not drilling? |
| Posted by: john frum 2012-05-13 18:58 |
| #4 Limitations on domestic drilling go back at least 40 years. |
| Posted by: Angusolet Hupomotle8614 2012-05-13 18:35 |
| #3 Even Pre Obama what stops US from drilling? |
| Posted by: Gruth McGurque5303 2012-05-13 18:09 |
| #2 If thats the case why do US rely on Saudi? |
| Posted by: Gruth McGurque5303 2012-05-13 18:08 |
| #1 He won't let us pump it because it could keep the US from the bankruptcy of socialism. |
| Posted by: Water Modem 2012-05-13 17:56 |