Posted on 08/05/2008 10:49:53 AM PDT by kingattax
The Arctic may hold 90 billion barrels of oil, more than all the known reserves of Nigeria, Kazakhstan, and Mexico combined, and enough to supply U.S. demand for 12 years. One would have thought Joe Carrolls Bloomberg News report would have evoked some interest by the public and other media outlets. Instead, news of the U.S. Geological Survey was greeted mostly by a giant collective yawn.
One third of the undiscovered oil is in Alaskan territory, the agency found Considering that the Democrat-controlled Congress adamantly refuses to let drilling occur for the oil known to exist in and off-shore Alaska, it is not surprising the public has concluded this vast treasure will remain untouched.
Apathy, however, is not a very good response to the prospect of this mother lode of potential new oil. Worse yet, we stand lose any of the wealth it will generate if the same Congress signs the United Nations Law of the Sea Treaty, whose acronym, LOST, could not be more accurate. The Joint Chiefs of Staff have endorsed it, apparently oblivious to the fact that the mighty U.S. Navy can go anywhere it wants in the world. Even the Bush administration has marshaled no arguments against it.
This monstrosity of a treaty has been around since the days when the Reagan administration first rejected it.
Full disclosure of the contents of this treaty would have Americans in the streets of Washington, D.C. brandishing pitchforks. Bernard Oxman a professor at my alma mater, the University of Miami, describes its text as amply endowed with indeterminate principles, mind-numbing cross-references, institutional redundancies, exasperating opacity, and inelegant drafting. In other words, it is a document intended to steal the wealth to which the United States has a legitimate claim.
(Excerpt) Read more at canadafreepress.com ...
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My concern is that as supplies continue to dwindle, how long will it be before certain parts of the world think to forcibly take our oil from us?
Not saying this will happen tomorrow, but you never know 20 years from now.
L.O.S.T. PING! But I forget who has this ping list.
I’ve seen this before, it’s not the first time this crappy scheme has come up before.
It’s surprising that we continue to see it floating around. Death by 1000 paper cuts I suppose.
It’s kind of already happening with China’s oil platfords off the coast of Florida and their horozontal drilling into the OCS.
I've been wondering the same thing lately.
Moonbats keep saying "no war for oil" but ironically give it a while at this rate and that is exactly what we are going to get, thanks to the moonbat liberals' policies.
That is a very valid concern. If LOST is ratified by the idiots in Congress and the Democrats are in control of the government, the US might very well lose its sovereignty over its coastal waters. Then an empowered UN, controlled by third-worders, might very well decide to sell our oil to China, India, Russia or some other unfriendly country.
bttt
Link?
bookmark
BTTT
I have a proposal, let’s join forces - Canada and the US - and go to war against the UN. I think we could kick their arses. They wouldn’t suspect us in the least, we could get valuable intelligence information and pass it on to you guys.
“The Democrat controlled Congress is either insane, treasonous, or both.”
No kidding.
Lindsey Williams expose’ of the peak oil lies.
Long yes,but one of the most intriguing, and scary,videos of info you won’t hear anywhere else...but that EVERYONE SHOULD!!!!!
Although I don’t buy into all of it, it is interesting & more than a bit scarey!!
http://video.google.com/videoplay?docid=3340274697167011147
LOST can stay lost on the dusty senate shelf where stupid treaties die. Elect enough Conservative senators to ensure it stays that way.
http://www.americanfreepress.net/html/china_starts_oil_drilling.html
http://smithfiles.com/2008/06/02/china-starts-oil-drilling-off-florida-coast/
I thought that we use 8 million bbls/day?
that would mean 10,000 days or nearly 30 years
or is it 80 mil/day and 3 years?
either way the math is not 12 years is it?
“I thought that we use 8 million bbls/day?”
That’s domestic. We import another 13 mil. bbls/day.
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