Posted on 10/15/2004 9:25:37 PM PDT by datura
Washington has a shortage of political will to let American workers go get it
By the House Committee on Resources
As oil prices climb to record highs above $50 per barrel, some have asserted that we are "running out" of this resource. In truth, we are not running out of oil in America. We can safely increase domestic production by at least 17.2 million barrels per day by 2030.
"America has no shortage of oil for the foreseeable future," House Resources Committee Chairman Richard W. Pombo (R-CA) said. "Washington has a shortage of the political will required to let American workers go get it. We have not increased domestic supply in thirty years. As a result, our dependence on foreign oil has skyrocketed to the point where we are sending $200 billion dollars overseas to import this resource. At least a fraction of that sum should be spent at home, to increase supply, lower prices, and create jobs."
"Increasing conservation and the use of renewable and alternative fuels must also be part of a balanced energy plan," Pombo continued. "That is why more than one half of the domestic recommendations in the Administration's energy plan - held up in the Senate for the last four years - targeted these goals. But like it or not, the reality is that America runs on oil right now. We cannot conserve our way out of an empty tank of gas. We have to produce more at home, and there is plenty at home to produce."
By combining conservation efforts with additional domestic production, the United States can close the gap between supply and demand to become more energy efficient. With current production and proposed development in North America, the United States could increase its supply by 17.2 million barrels per day by 2030. Click here to see how.
"Contrary to the claims of special interest groups, we can produce more energy to grow our economy, and continue environmental achievements at the same time," Pombo said. "These efforts go hand in hand. They are not mutually exclusive."
"Secure and affordable energy supplies fuel our economy - they are its lifeblood. In turn, a strong economy fuels investment in the research and technology that give us the positive environmental trendlines we see today. We cannot have one, without the other."
One thing to remember is that Saudi Light cracks into more useable fuel than any crude on earth.
So the saudi oil takes less refining ?
The Termite took one look around that ol' rig, and he was ready to go to work!
Saudi Light cracks into fuel much easier than, say, Venezuelan Heavy, and it produces more fuel and less of the other components.
Makes me think I'm talking to some oil wino who can taste what country the oil came from. Your knowledge of this stuff is a hoot TC !
Awesome !
Most babies got Pablum when I was a tyke. I nursed a bottle of West Texas Intermediate.
Stay safe Bro !
One thing I think you missed, but maybe not, is drilling offshore of California and Florida. These two states need to box up their enviro-nuts and send them to CanaDuh and start makin' holes.
I was in Rock Springs, Wyoming, about thirty years ago when the deep gas drilling boom hit about the same time as the hydroelectric plant at Point of Rocks.
There was a hooker for every parking meter, and they were all managed by the same guy.
He had a club that opened at midnight when all the rest shut down.
One night about two I heard a gunshot and saw a guy trying to fall dead, but it was too crowded. He died standing up!
Well, I had those in mind, DT.
We have so many places offshore that begs to be explored, and those two places come to mind first.
Those two states want to use the oil and gas produced offshore Louisiana and Texas, but they don't want those ugly old drilling rigs messing up their scenery!
Died standing up ??
Yer not gettin oiled up with 90 proof are ya ?:o)
Everyone was trying to make a hole for him to fall, but there wasn't enough room!
Sardines have a lot more space than that bar did that night!
You would have gotten a kick out of Rock Springs in those days.
Everyone did what they were big enough to do.
Sounds like an EOD Shop Bar !
Stay safe.........BTW aren't you supposed to be shooting today ?
I just got in from Mexico. I've been down there for three days getting some major dental work done.
I've got to go back and finish up Monday morning.
No, I had five root canals and a bunch of bridge work that would have cost me a fortune here.
(With a damn Leatherman??! Sheeeeeeesh! I ain't got that kind of cajones!)
Got to put it to bed, pard.
Take care!
LOL.......We pack a little morphine in out kits TC......I ain't that crazy !
Florida does not have the discovery track record, and the eastern Gulf of Mexico planning area is all but locked up, politically. You won't see an oil well within 100 miles from the Florida Gulf coast if the Democrats have their way. Which is too bad for the rest of the country, because that planning area (sometimes called "MAFLA" for Mississippi, Alabama, and Florida) has the potential for "elephants" (huge prospects). I've mapped the area used CDP seismic - I know whereof I speak.
YARK!!!!!!!!!
TMI- but I knew You would have the answer.
Thanks.
Still 29 "again" right?
I believe our problem is a refining shortage and the fact it costs more to pump our oil than it does to import foreign oil. On the latter, doesn't it make more sense to buy imported oil and leave ours under the ground for a time when we either get cut off from foreign sources?
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