Posted on 10/07/2010 4:40:54 AM PDT by Willie Green
The United States cannot be energy independent, according to Hunt Oil Co. chief executive Ray Hunt.
"In my opinion the politicians who stand up and say, 'I'm going to work for energy independence,' they're not being truthful. Given the consumption of energy by the United States of America, we will never be independent," at least not in our life times, said Hunt, who also leads Hunt Consolidated Inc.
~~~SNIP~~~
"It is my opinion that hydrocarbons will continue to be the dominant fuel for the balance of our lives and probably our children's lives," he said. He added that alternative energy will grow in the U.S., but total energy demand will also grow. So the market share served by alternative sources will remain stable, he said.
(Excerpt) Read more at energyandenvironmentblog.dallasnews.com ...
Thorium. Edward Teller knew the score.....
The profit does not need to be as high as that made by Saudi Arabia.
Estonia, Brazil and China have all produced fuel from Oil Shale for years. I’m confident in the US being able to match that ability if we get some decent politicians who let us.
Now combine that with Natural gas from Shale sources and grow that market for vehicle fuel.
We could make great strides towards energy independence.
We don't have to be 100% energy independent. We use around 22 million barrels per day and produce around 8. Just upping our production by 4 or 5 million barrels per day would put that much more on the international market, or we could have production capacity of a few million barrels in reserve for times when prices begin to rise.
And if and when any alternatives prove feasible (not government mandated), that would reduce our demand for imports.
Yes, and trains are just the ticket to force people to move from the widely spread out suburbs into tightly packed megacities, courtesy of Agenda 21. As much as you love trains, your fostering of rail transport plays right into the hands of the left eco-jackasses who want to make that happen.
Buses, OTOH, use precisely the same infrastructure as cars, and CAN service those widely spread out suburbs.
Free men drive cars. Slaves take the train. It's as simple as that.
Slave trains to move people where the GOVERNMENT wants to move them. Trains for transportation are obsolete. Public financing is a waste of money. Just more of the take from all to benefit a few.
Liberals control our government and stifle creativity, intiative and the desire to take risk. I don't see any of this happening in the near future, either.
Free men drive cars. Slaves take the train. It's as simple as that.
You're wrong.
Free men have the option of choosing either one.
Yeah, sure, Willie - and let's move everyone into Soviet-style apartment buildings and raze the suburbs and exurbs while we are at it - only then will there be sufficient population density to make your transit dreams work.
Like all utopian fantasies, government force is the only way to make yours work.
I doubt that we can be energy independent. But we can certainly become less dependent on foreign sources.
Take the train, then.
Just don’t ask me to pay for your ticket.
or we could have production capacity of a few million barrels in reserve for times when prices begin to rise.
The Oil Industry opposes excess, underutilized production capacity because it depresses prices.
Well, if the environmentalists continue to have their way, Hunt is right. If we can’t develop our own energy sources without the harassment of environmental wackos, we’ll always be dependent on foreign oil.
Well, if the environmentalists continue to have their way, Hunt is right. If we can’t develop our own energy sources without the harassment of environmental wackos, we’ll always be dependent on foreign oil.
No, global depletion of conventional oil resources will occur despite enviro-wacko efforts to save them.
We need more efficient transportation because unconventional oil sources are too expensive.
This is an area where the oil industry should not dictate policy, and everyone needs to stop kidding themselves that the international market for crude is a free market. It's not, and the US should have reserve productive capacity as a matter of national security for times of price manipulation by OPEC, and times of real and severe shortages.
We recognize that need by buying oil and pouring it into the ground as a strategic reserve. We could have our reserve more efficiently by having some excess productive capacity held in reserve.
Had we not wasted billions on boondoggles like corn ethanol, windmills and solar plants and stuck with developing simple, cheap and safe nuclear plants, much of our electricity would now come from nuclear power and the coal, natural gas and oil that is currently generating the bulk of our electric power could be refined into more useful alternatives like gasoline. Note France currently generates 80% of its electric power from nuclear plants and other than our cow towing to environmental wackos there is no reason why we could not do the same.
Ray Hunt is a close friend of George Bush. I’d imagine that Ray is still after oil contracts in Kurdistan.
I have read that Utah and Colorado alone hold more reserves than all OPEC nations combined. Something in the vicinity of 1 trln barrels. Throw in coal, Alaska, the Gulf, Canada oil sands, and our natural gas, how can we NOT be independent. But, of course, if we do not tap our own resources, we will be enriching thugs and terrorists forever. Thank you very much, Democrats.
About Oil Shale
http://ostseis.anl.gov/guide/oilshale/index.cfm
OPEC Crude Oil Proved Reserves (951 billion barrels)
http://tonto.eia.doe.gov/cfapps/ipdbproject/iedindex3.cfm?tid=5&pid=57&aid=6&cid=CG9,&syid=2006&eyid=2010&unit=BB
Now to be honest in descriptions, this is comparing oil in place versus proved reserves (reserves recoverable with current technology and economics).
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.