Posted on 08/05/2009 9:17:42 PM PDT by Shellybenoit
It is estimated that there are anywhere from 18-95 BILLION Barrels of oil underneath our continental shelf. There are almost 7 TRILLION Barrels of Oil in the shale under the Rocky Mountains (to be fair, with present technology we can only get to around 800 billion barrels of it). Today America Consumes about 20 Million Barrels/day approximately 7.5 million of which we get domestically. My math tells me, using the minimum numbers (18+800 Billion) divided by 20 million, divided by 365 days, the US has an import free Oil reserves of at least 112 YEARS.
Drilling would be a true stimulus plan, adding jobs and and keeping the price of Oil from rising. In the current economic gloom, there is no reason to revert back to the destructive policies that gave us $4-per-gallon gasoline and record-high heating bills. In fact, three-fourths of Americans want more drilling, not less. But as a proponent of the Global Warming Hoax, the President doesn't agree.
The President is willing to drastically mess with the economy to protect the world from CO2. One of the first act of his secretary of the interior was canceling 77 Utah oil and gas leases that had gone through seven years of studies, negotiations and land-use planning. In an instant, he eliminated hundreds of jobs, terminated access to vital oil and gas deposits, and deprived taxpayers of millions in lease bonus, rent, royalty and tax revenues. In short he was making us more defendant on foreign oil.
Don't fret, there will be some drilling on our continental shelf, unfortunately, it will be done by Russia, via a land lease from Cuba:
(Excerpt) Read more at yidwithlid.blogspot.com ...
Putin smells weakness like flies smell sh!t....
Putin is moving the Chess pieces..
Someone should tell Obama oil is 100% organic and anything organic must be good and green friendly.
Thamk you Charlie Crist. The FL Legislature voted for it and Charlie said he would veto it so I think the FL Senate chickend out. We wonder why the country is broke.
OUR energy creates jobs and WEALTH. Every other country understands that....even effing Cuba!
I remember the days when I expected a fight to the death from Russia (USSR), and now I’m thinking it might be a place to flee to when America begins to collapse in earnest. At least they still act in their own national interest. Damn, these Democrats are just sh!tting all over America.
Our govt has turned us into a joke.
Maybe we can buy the oil off of Russia or Cuba? Its all about saving the planet you know. In a chess match I would put my money on Putin not Obama.
Sooooo is this why we have Russian subs off our East Coast?
Helllllooooooooo?
Putin smells weakness like flies smell sh!t....
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If I remember, correctly, the ‘sharks’ were circling just before the ‘coronation’.
We refuse to use it, and we won’t protect it. So, I see no reason for the Russians not to take it.
The Democrats are responsible for our energy policy, going back to the ‘70s. Any other claim is false.
We have plenty of oil. Always have, always will. Peak oil is a deception.
Oh, its okay, we have little, electric cars now. We don’t need the filthy oil any more. We are saving the environments.
We send what, 300 billion a year out of the country buying crude. Along with that go the jobs and the royalties and the taxes and the technological advances that aren’t coming here.
If your country is broke, teetering on the edge of economic meltdown, and you have all the oil you could ever need, and tapping it will put thousands of people to work and generates billions in taxes and royalties and still you refuse to touch it because you’ve elected OPEC shills into office, well I just don’t know what to tell you. At some point you deserve whats happening to you.
In fact, these people do deserve every bit of it. The problem is, I don’t. And I’m stuck in the same boat with these nitwits.
Here’s the big question:
How long does a country have to hurt itself before it realizes what it’s doing?
“In the current economic gloom, there is no reason to revert back to the destructive policies that gave us $4-per-gallon gasoline and record-high heating bills.”
Depends on who you’re asking and whether or not logic and rationality is part of their thinking.
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