[TruthInThoughtWordAndDeed]

Not only are we getting better at recovering carbon resources, but the design of the Earth leads to the continuous creation of new oil. We do not need “renewable” fuels. Oil already IS a renewable fuel.

Calcium Carbonate (chalk) + Iron Oxide (rust) + Di-hydrogen Monoxide (water) at tremendous pressure about 60 kilometers below the surface produces hydrocarbons which form into hydrocarbon chains (oil).

[bestintxas]

For all intents and purposes, America has an unlimited supply of hydrocarbons. Natural gas even more so that oil.

Using the Fischer-Tropsch process, one can transform natural gas into oil to make lubricants, gasoline, jet fuel, etc.

God has blessed us

[ETL]

Flashback: Obama admitted energy prices would 'skyrocket' under his policies

Michael Bastasch
06/25/2013

President Obama laid out his new plan to tackle global warming Tuesday. In 2008, he made comments about “bankrupting” coal plant owners and making energy prices “skyrocket.”

“So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them, because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted,” Obama said during a meeting with the San Francisco Chronicle’s editorial board.

“Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad,” he added. “Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, they would have to, uh, retrofit their operations. That will cost money. They will pass that money on to consumers.” ...”

http://dailycaller.com/2013/06/25/obama-admitted-energy-prices-would-skyrocket-under-his-policies/#ixzz3jAwSj2EJ

************************************************************

From Politico, April, 2012

“If somebody wants to build a coal-fired power plant, they can. It’s just that it will bankrupt them,” Obama said, responding to a question about his cap-and-trade plan. He later added, “Under my plan … electricity rates would necessarily skyrocket.”

Of course, cap and trade is long dead. But coal-fired power plants are powering down nationwide, and they are blaming the Obama Environmental Protection Agency. The president’s critics say proposed greenhouse gas regulations for future power plants are designed to cripple the coal industry.

And just like with another 2008 quote — Energy Secretary Steven Chu’s famed call to “figure out how to boost the price of gasoline to the levels in Europe” — Republicans say the Chronicle clip shows what’s really in the president’s heart, that high electricity prices and the death of coal have always been Obama’s goal.

http://www.politico.com/news/stories/0412/74892.html#ixzz3jAzdi18H

[ETL]

Maxine Waters warns Shell president in House committee hearing

Posted: May 23, 2008
2008 WorldNetDaily

A report by Fox News, captured in a clip posted on YouTube.com (Must see video! https://www.youtube.com/results?search_query=maxine+waters+socialize) , showed Waters challenging the president of Shell Oil, John Hofmeister, to guarantee the prices consumers pay will go down if the oil companies are allowed to drill wherever they want off of U.S. shores.

Hofmeister replied: "I can guarantee to the American people, because of the inaction of the United States Congress, ever-increasing prices unless the demand comes down."

The Shell exec said paying $5 at the pump "will look like a very low price in the years to come if we are prohibited from finding new reserves, new opportunities to increase supplies."

Waters responded, in part, "And guess what this liberal would be all about. This liberal will be about socializing … uh, um..."

The congresswoman paused to collect her thoughts [for about 5-6 seconds this went on, while her colleagues behind her laughed].

"...would be about, basically, taking over, and the government running all of your companies..."

The oil executives responded, according to Fox News, by saying they've seen this before, in Hugo Chavez's Venezuela.

Article: Congresswoman threatens to nationalize oil industry Maxine Waters warns Shell president in House committee hearing:
http://web.archive.org/web/20090116083410/http://www.wnd.com/index.php?fa=PAGE.view&pageId=65111

[thackney]

Last month, the Department of Energy reported that the U.S. hit a new energy milestone: We produced 9.52 million barrels a day.

Except we really didn't.

- - - - - -

EIA revises US oil production estimates lower; June output sank
http://fuelfix.com/blog/2015/08/31/eia-revises-us-oil-production-estimates-lower-june-output-sank/#30727101=0

The federal government believes daily U.S. crude production fell to 9.3 million barrels in June, down by 100,000 barrels in the prior month, as low oil prices continue to discourage drilling.

The Energy Information Administration said Monday its monthly report on domestic oil supplies, slated to be released in full soon, will use a new approach to collecting production data. Instead of relying largely on state agencies to provide data, it has begun to survey oil companies that drill in 15 states including Texas and the Gulf of Mexico. It’s an effort to improve the accuracy of its monthly estimates of the nation’s oil output.

This has led it to revise its monthly production data for January through May downward by at least 40,000 barrels a day and up to 130,000 barrels a day, with the biggest declines coming from Texas. There was also an uptick in production from the Gulf of Mexico.

Texas’ daily oil production, the EIA said, were revised downward by 100,000 barrels to 150,000 for the first five months of the year. Producers in the Gulf put out 10,000 to 50,000 barrels a day more than the EIA had previously estimated from January to May. The overall average for the year came in at 9.4 million barrels a day.

The agency said it based its previous estimates on tax information and state agencies but “given the timetable for EIA’s data products, much of that information is lagged and incomplete at the time of publication.”

aewrfawf

[factoryrat]

The goal is to bankrupt the oil/coal/gas/nuclear/ electric generation industries. Then, once ran straight into the ground by EPA and government decrees, those industries can be bought up for pennies on the dollar by government backed cronies, or nationalized due to urgent need, and again haned over to government backed cronies to run.

It’s the only thing that makes sense.

Control the flow of energy, and you will control the economy, period.

Take a look at who is buying up energy interests, and who is investing heavily in energy sector and energy transportation companies.

[Tolerance Sucks Rocks]

GOOD NEWS!

(If the environ-MENTAL-ists will let us recover it all).

PING!

[Tolerance Sucks Rocks]

GOOD NEWS!

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[IFly4Him]

The millions of incalculable decisions that make up the free market process can solve problems that the socialists in university lounges and the halls of government institutions can only dream of...