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The Ugly Truth about Missing America Oil Finally Appears
Investors Business Daily ^ | May 16, 2008 | Investors Business Daily

Posted on 05/17/2008 8:29:12 PM PDT by Cannonphoder

Crude Mistake

By INVESTOR'S BUSINESS DAILY Posted Friday, May 16, 2008

Energy: With the price of oil spiking above $127 a barrel, the search for scapegoats has begun. Some point to the Saudis, OPEC's No. 1 producer. Others blame the oil companies. We have a better candidate: Congress.

As President Bush traveled to Saudi Arabia to ask the House of Saud to open the oil spigots a bit wider, Congress showed once again how clueless it is when it comes to energy policy.

Underscoring its failure to grasp the nature of our current problems, the Senate Appropriations Committee on Friday refused to end its moratorium on oil shale development in Colorado.

"If we are really serious about reducing pain at the pump," Colorado's senior senator, Republican Wayne Allard, said, "this is a vote that would make a difference in people's lives." He's right.

But the shale proposal went down to defeat with Allard and 13 other Republican members in favor and 15 Democrats opposed. Once again, Democrats were on the wrong side, opting to keep oil in the ground and punish you with higher prices as a result.

This was no minor thing. Estimates put the amount of oil locked in shale in both Canada and the U.S. at more than 1 trillion barrels. Pulling out even a tenth of that would quadruple our current reserves.

This is the same Congress that refuses to allow drilling in Alaska's Arctic National Wildlife Refuge, which holds up to 20 billion barrels of crude, or offshore, where another 30 billion await.

(Excerpt) Read more at ibdeditorials.com ...


TOPICS: Business/Economy; Editorial; Politics/Elections
KEYWORDS: 110th; allard; energy; gas; oil; oilshale; senate; shale
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To: TheBattman

BTTT!


21 posted on 05/17/2008 9:16:12 PM PDT by I'm ALL Right!
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To: Cannonphoder

Once again, the truth is that the Democrats don’t want a strong America. They want us weak and beaten in the face of our enemies. Unfortunately, we’ve just nominated one of them to be our presidential candidate.


22 posted on 05/17/2008 9:19:58 PM PDT by WFTR (Liberty isn't for cowards)
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To: Cannonphoder

Who the hell are they to tell the people of this country that they can’t drill for their own oil? The oil doesn’t belong to Congress.....it belongs to the people of this country.


23 posted on 05/17/2008 9:20:03 PM PDT by RC2
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To: alloysteel
Carbon dioxide is plant food. In fact, to get a greener world, we may have to step up the proportions of CO2 in the atmosphere, or dissolved in the oceans of the world, just to boost the photosythesis activity of plant life, so we are assured of sufficient free oxygen in the atmosphere.

Satellite surveys indicate that the world is more highly forested today than at the dawn of the space age -- and the forested area is expanding year-to-year.

Maybe all that man-made CO2 is being put to good use by Mother Nature...

24 posted on 05/17/2008 9:21:27 PM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance on Parade)
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To: alloysteel

yes, and those alternative sources powering our electricty stations will be charging many more and more electric vehicles as companies like tesla motors, aptera, and phoenix electric cars take off. The new lithium nano batteries will take those cars 120-250 miles per charge...more than enough for almost all drivers. About 135 mpg equivalency due to lower costs of electricity and more torque and much less maintenance costs.


25 posted on 05/17/2008 9:25:54 PM PDT by fabian
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To: Cannonphoder
HMMMM..... http://www.freerepublic.com/focus/f-news/2017558/posts
26 posted on 05/17/2008 9:27:03 PM PDT by I'm ALL Right!
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To: I'm ALL Right!
Pay no attention to the link in the last post...

I meant to give this one. Let's try it again, shall we?

HMMMM.... http://www.freerepublic.com/focus/f-news/2017556/posts

27 posted on 05/17/2008 9:29:24 PM PDT by I'm ALL Right!
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To: RC2

A great lie being forced on the American people.
We have plenty of oil and should be paying about a dollar a gallon.
But politics has in it’s delusion of grandeur stolen from us what we own.
It’s shameful.
Congress is pissing on us and telling us it’s raining and they that we should not go outside and that they are protecting us from the bad rain.
And most Americans stay inside.


28 posted on 05/17/2008 9:30:20 PM PDT by smoketree (the insanity, the lunacy these days)
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To: alloysteel

“If we NEED petroleum, we can manufacture it out of otherwise waste organic material, by a process called Thermal Depolymerization, which converts a slurry of organic wastes and water into a grade of kerogen with the application of heat, pressure, and a couple hours of time.”

Is it cost effective? Does it work as good as oil?


29 posted on 05/17/2008 9:31:12 PM PDT by Keith Brown (Among the other evils being unarmed brings you, it causes you to be despised Machiavelli.)
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To: Cannonphoder; Gritty; Principled; CharlesWayneCT; reasonisfaith; B-Chan; Vigilanteman; Cacique; ...
But the shale proposal went down to defeat with Allard and 13 other Republican members in favor and 15 Democrats opposed. Once again, Democrats were on the wrong side, opting to keep oil in the ground and punish you with higher prices as a result.

This makes me incredibly angry. Frankly, this is a borderline criminal and treasonous vote, not a mere difference of opinion.

I hope the brainless heads of the GOP (i.e., the stupid party) have the sense to trumpet this unceasingly through ever means possible. This vote, by itself, should show the perils of giving Democrats power. They are unfit to govern.

My God, how can they be so irresponsible?

30 posted on 05/17/2008 9:37:52 PM PDT by Entrepreneur (The environmental movement is filled with watermelons - green on the outside, red on the inside)
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To: Gritty
No democrat will let any fossil fuel be used, because it offends their new god, sacred gaia, polluting the atmosphere with evil exhalation.

Of course, so does mankind breathing. Which they will outlaw next. When 95% of the human race has died of starvation, the "moderates" among them will consider it sufficient. By then the radicals will demand they go all the way to human extinction instead.

So why not just cut to the chase and use greens as fossil fuel, now?

31 posted on 05/17/2008 9:38:45 PM PDT by JasonC
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To: tallyhoe
I live in the middle of the Barnett Shale. I've got one of the better paying factory jobs in our area. Friends have quit there and gone to work in the oil(really gas) patch for more money, better benefits and job security.
32 posted on 05/17/2008 9:38:51 PM PDT by fella (Is he al-taquiya or is he murtadd? Only his iman knows for sure.)
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To: Cannonphoder

This insane refusing to use our own oil stuff is JUST like the novel ‘Atlas Shrugged’.

The democrats want to stop the motor of our world.


33 posted on 05/17/2008 9:40:54 PM PDT by modest proposal (Vote Obama: Support inviting anti-American zealots into the white house for tea.)
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To: Entrepreneur

Note that the 15 who voted to give the oil sheiks more of our money include alleged “moderate” Democrats Ben Nelson of Nebraska and Tim Johnson of South Dakota.

There is no such thing as a “moderate” Democrat.


34 posted on 05/17/2008 9:43:08 PM PDT by denydenydeny (Expel the priest and you don't inaugurate the age of reason, you get the witch doctor--Paul Johnson)
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To: Cannonphoder

The Rats are strangling America and the Repubs will catch the blame.

Amazing.


35 posted on 05/17/2008 9:44:56 PM PDT by ZULU (Non nobis, non nobis Domine, sed nomini tuo da gloriam. God, guts and guns made America great.)
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To: modest proposal

Why do we sit here and wring our hands?? Why do we not go out and drill for oil? If Congress doesn’t like it, then let ‘em come and stop us! This is getting to the point where it’s going to be a shooting war. I’m sick of idiots who have no concern about Americans struggling sitting back in their ivory towers doing nothing. They don’t fear for anything; maybe a little fear is what they need.


36 posted on 05/17/2008 9:46:47 PM PDT by Arkansas Toothpick
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Comment #37 Removed by Moderator

To: Arkansas Toothpick

The people in DC have become detatched from reality. It is of no importance to them that some people struggle with four dollar gas.

I am actually beginning to think they LIKE to see the people struggle a bit. Why else would there be this nutty push to not dig for oil? It amuses them from high upon their thrones in the imperial city.

They got caught up in the circus of ruling men and have taken far too much for granted.


38 posted on 05/17/2008 9:51:22 PM PDT by modest proposal (Vote Obama: Support inviting anti-American zealots into the white house for tea.)
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To: modest proposal

Well, one day, our leaders are going to be called to answer for their ways IF they refused to change. This isn’t a game; it’s people’s lives they are playing with. I really think they feel completely insulated from reality but that could end in a rude awakening. We have a revolutionary spirit way down deep in our American souls and it could burn again, I truly believe, if our leaders abandon us.


39 posted on 05/17/2008 9:53:52 PM PDT by Arkansas Toothpick
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To: Cannonphoder

I heard Glenn Baeck say that China alone will use all the world oil, at currnet production levels, in 10 years.


40 posted on 05/17/2008 9:54:47 PM PDT by Rennes Templar ( Never underestimate the difficulty of changing false beliefs by facts.)
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