Posted on 03/17/2012 4:13:24 AM PDT by Kaslin
Rapidly rising gas prices at the pump have turned up the heat on Barack Obama. Interestingly, the Administration that just three years ago said it was committed to policies that would cause energy prices to skyrocket and get our gas prices to the levels in Europe, now says there isnt much they can do about rising costs to consumers.
One of the many falsehoods that the President and his anti-fossil fuel allies like to perpetuate is that the U.S. is about run out of reserves. But you and I both know that with only 2% of the worlds oil reserve, we cant just drill our way to lower gas prices not when we consume 20% of the worlds oil, Obama said yet again in his weekly radio address last Saturday. He repeatedly makes this less-than-truthful claim to obsessively press his anti-oil and gas agenda and justify wasting billions on green energy fantasies.
Obama's basis for his 2%-of-the-world's-oil-reserves claim is the narrow definition of proven reserves a measure based on currently producing fields only, rather than identified but undeveloped known reserves which are far more vast. The 22 billion barrels of proved reserves, according to the federal governments Energy Information Administration are a small subset of recoverable resources. Obama conveniently forgets to mention that part. That he knowingly repeats the less than truthful claim for the purpose of perpetuating a misconception is shameless.
Various reports from Obamas own government including the Energy Department, the Congressional Research Service, and the Energy Information Agency as well as a plethora of private analyses tell a dramatically different story. To be sure, technological challenges, cost of extraction, and political barriers will prohibit some part of the oil buried deep beneath the earth from being harvested, but Obama's representation is pure baloney and he knows it. For a detailed summary of a more accurate assessment of our reserves click here for a feature story from todays Investors Business Daily. If you want the condensed version in graphic form, see below. Please take note that Obama would have you believe all we have left is depicted by the tiny red triangle at the top of the pyramid.
Courtesy of Investor's Business Daily
I’m reading where West Texas will be the next Bakken. Wolfberry, wolfcamp, Sprayberry all part of the Permian Basin.
To understand it, ask a cook.
When you make a stew or make stock or meat sauce, etc., the fats rise to and pools on the surface.
Skim the fat off and eventually more rises to replace what you've skimmed away, maybe in that same spot, maybe in another.
The same is true for oil and natural gas.
Thanks to the tremendous heat (not quite as high as algore said, but HOT) and pressure, the Earth's core is like a combination pressure cooker/cosmic crock pot/galactic Dutch oven and as a result, oil and gases are constantly rising to the surface.
We have oil sands and tar pits. Oil seeps from cracks in the ocean floor and washes ashore on beaches all over the world. "Up through ground come a bubblin' crude"
As long as the core is cooking, we'll have all the oil and gas we could ever use. We'll skim off the easy finds, just like the chef skimming the fat off soup stock. And we'll have to work very hard to get to some finds, but some wells will never go dry and some of the old dry wells will begin to refill.
Until the Earth's core goes cold, we simply are not going to run out of oil and gas. To say otherwise is manipulation.
Bulls eye! Your point is exactly how to refute the lies told by Obambi and someone should start running ads explaining to the public that reserves are not static.
The point needs to be made that we have no idea what percentage of the worlds oil reserves we actually have because the federal government has excluded most offshore areas of the US from exploration. I know from experience that there are some elephants still out there to be found.
It is quite simple to understand.Obama has limited powers.
He doesn't have any powers to use that would reduce the price of petroleum and gasoline.
His powers are limited to doing things that will cause the price to increase.
/s
“Only one problem with their theory, why is oil only found in ancient seabeds”
It isn’t ,, but the reason it is found in such areas close to the surface, is that the sedimentary rock is more porous, and allows it’s migration upwards FAR easier than the areas composed of Igneous and Metamorphic rock.
The oil in such stone is nearly at the surface (in the larger sense). But it is because the oil can travel through such stone, not because thats where it was made.
That’s just what we’ve found so far, We’ve yet to drill a horizontal but theres a couple of them being drilled nth of town, will be interesting to see how they do. It’s about triple the cost of what we’re doing now. Big difference between 2 mil and 6 mil when it comes to costs, hard to pay that off if they don’t come in big. Yep we’re in a major boom right now, the only ones not working just don’t want to.
That’s just what we’ve found so far, We’ve yet to drill a horizontal but theres a couple of them being drilled nth of town, will be interesting to see how they do. It’s about triple the cost of what we’re doing now. Big difference between 2 mil and 6 mil when it comes to costs, hard to pay that off if they don’t come in big. Yep we’re in a major boom right now, the only ones not working just don’t want to.
“The fact that oil sample produce fossil molecules is another tell.”
Thats a contaminant which feeds on hydrocarbons. It would make as much sense to say that fish and whales are found in the ocean, proving that fish created water. Hydrocarbons can be created in the lab, by duplicating the tempurature and pressure of deep condictions. To date,, nobody has created a molecule of oil with a microorganism.
Why do you need such a convoluted answer to oil’s genesis? It’s found everywhere we seem to look in space. Carbon and Hydrogen are both the top four existing elements, and they READILY form compounds whenever they can. So why would it seem so weird that our planet is loaded with them?
THAT is an idea worth pursuing. Demonrats would have to buy into it since it fits so nicely with their limited supply mantra. This is a Palin position if I ever heard one.
“The capital fact to note is that petroleum was born in the depths of the earth, and it is only there that we must seek its origin.” (Dmitri Mendeleev, 1877)
But he wasn’t too bright,,he only came up with the periodic table and was a literal genius when it came to chemistry.
I could just as easily ask you to show me some groundwater in which not a single microorganism is found. The fact is that our crust is utterly loaded with microorganisms, and everything in it,,,including petroleum will have them. But it almost never means they created the medium in which they are found.
And you do realize,, at some point for your theory to make sense, you have to do more tan find microorganisms in the oil? You have to demonstrate, via provable repeatable chemistry, HOW they do it. You are drawing the exact backwards conclusion.
Also, you might look at something else. We already have microorganisms that eat oil,, that are used in cleaning up spills. This fits neatly with the theory that the microorganisms are hungry contaminants, not the creators of oil.
So what specific microrganism demonstratably creates oil?
You have asked good questions, I wish I had a good answer.
For the life of me I cannot understand how a man/woman goes to Congress and leaves their integrity, patriotism, and common sense behind to do what a political party tells them to do. No matter how I try I cannot believe that all human beings who register as Democrats can go along with this Muslim 100% of the time.It looks like 1(one) sane human being in the Democrat Congress could have peeked at this Obamacare mess and said, this things sucks, it is unConstitutional ,and I will not sell my soul for this useless bag of Golf playing Muslim trash we have as a leader.
Were they hypnotised, threatened, frightened, bribed,deaf, dumb, and blind?
There is no way 100% of Democrats could have loved that bill.
Sorry but you’ll not draw me into an argument, I’ve been in the business for over 40 year’s and you’ll not change my opinion.
Obama has limited powers.
He doesn't have any powers to use that would reduce the price of petroleum and gasoline.
His powers are limited to doing things that will cause the price to increase.
Might want to rethink that
Nobody is putting any “energy” into exploring this but it occurred to me years ago that oil might actually be a “renewable” resource. I saw an article on North Carolina trawlers bringing up chunks of solid methane. The stuff occurs naturally at depth under pressure. These are the same areas that get subducted globally. Hmmm. Pure CH4 under heat and pressure 10s of thousands of feet below the earth’s surface. If we can do the Fischer Tropsch in a lab why can’t the eareth itself do the same thing. Making aliphatic long carbon chains from methane.
This is not PC science. Global warming is.
Did you miss the /s on the last line?
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