Posted on 06/13/2007 5:27:50 PM PDT by xrp
Ever notice that the commies are increasing their demand for oil while their pathetic leftist minions are screaming at you trying to get us to decrease our demand for oil?
This phony “energy crisis” is as big a fraud as the same crap we heard back in the 70s.
Technology will reduce the breakeven price, and when the spot market approaches that price—when gas prices have made life intolerable to the fat center of the American constituency—those reserves will be opened up and the world will stabilize in a new paradigm. Prices will drift lower from there.
That’s fundamental economics/politics. The chicken little crowd just wants something to scare the living ***k out of Congress to preserve their funding.
No its not. I read there is more oil under the red rocks of Utah and Nevada than there is in Saudi Arabia! What are we waiting for ? Just tear up those National Parks and erect oil derricks. And build some refineries close by ...
Guess I'm just a glass half full kinda guy and the lefty authors are just glass half empty kinda guys.
On the bright side though:
A WORLD WITHOUT OIL COMING SOONER THAN PREDICTED...,
..... and islam goes back to camel humping in their tents for eternity!
ALL YE WHO SIN!!!
REPENT! FOR THE EARTH'S END IS NIGH!!!!!
(sigh)
Where is my Tin Foil hat?
Oil hasn’t peaked. It’s just that the left is so piqued about oil.
“The oil locked up in the oil shale and tar sands in eastern Utah, western Colorado, and northern Alberta dwarfs in size the crude oil reserves of Iran, Iraq, and Saudi Arabia. When the cost of a gallon of gasoline reaches about $5 a gallon, it will be economically feasible to exploit these reserves. That’s with current technology. As the technology improves, the economic break-even point will drop.”
Yes, America need not worry. I’d rather make it competitive now, and end the power in the middle east.
NEWSPAPER: A WORLD WITHOUT OIL COMING SOONER THAN PREDICTED
BIG OIL: A WORLD WITHOUT NEWSPAPERS IS COMING EVEN SOONER. MUA HA HA HA HA HA!
Thanks to improving oil extraction technology--especially gas injection using steam and CO2--we can turn supposedly tapped-out oilfields back to profitably again. And we've barely exploited the oilfield offshore, and yet to really exploit the oilfields in Siberia and in northern Canada. All these could increase the known reserves by 300% or more! And that doesn't include exploiting tar sands and oil shale and liquefying coal into fuel.
LOL! I saw a bumper sticker today on the ride home. It said, “Jesus Is Coming. Look Busy.”
Why cannot The Independent be linked and excerpted? They do not appear on the list.
Updated FR Excerpt and Link Only or Deny Posting List due to Copyright Complaints
http://www.freerepublic.com/focus/f-news/1111944/posts
Last update on 05/20/2007
PROUD TO BE FMNN FOUNDER - TODAY'S HIGH ALERT
"...ODAC is chaired by Sarah Astor, and funded by the “Astor Trusts” - known for supporting a variety of socially responsible – and often left wing – causes....."
ODAC is questionable.
I tried. FR's engine wouldn't let me.
These publishers have asked us not to allow any material at all to be posted to FR:
* altpressonline.com
* americanpolitics.com
* antiwar.com
* bloomberg.com
* eweek.com
* extremetech.com
* gq.com
* independent.co.uk
* newyorker.com
* pcmag.com
* prevention.com
* studlife.com
* theonion.com
* thetowntalk.com
* universitystar.com
* vanityfair.com
* wired.com
google FROZEN METHANE HYDRATE.
The worldwide amounts of carbon bound in gas hydrates is conservatively estimated to total twice the amount of carbon to be found in all known fossil fuels on Earth.
This estimate is made with minimal information from U.S. Geological Survey (USGS) and other studies. Extraction of methane from hydrates could provide an enormous energy and petroleum feedstock resource. Additionally, conventional gas resources appear to be trapped beneath methane hydrate layers in ocean sediments.
I find it strange how a supposed informed journalist never bothered to mention this energy source that makes oil reserves look tiny in proportion.
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