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A Crude October Surprise ... (America has three and a half times as much as Saudi Arabia)
Creators Syndicate ^ | 13 Aug 2008 | Terence Jeffrey

Posted on 08/13/2008 5:36:21 AM PDT by IrishMike

Republicans may be planning a crude surprise for Democrats this October. I mean crude in the sense that it will involve unrefined petroleum.

Since the House recessed earlier this month, Republicans have been demanding that Speaker Nancy Pelosi call it back into special session to vote on whether to allow new offshore oil-drilling.

The Republicans know Pelosi won't do that. So, what do they really want?

Let's start with some sense of the oil resources America could develop if Congress would allow it.

In 2006, the Interior Department estimated that about 85.9 billion barrels of "undiscovered technically recoverable" oil sits offshore on the Outer Continental Shelf within U.S. territory.

In 2007, the Energy Department's "Task Force on Strategic Unconventional Fuels" reported that: "America's oil shale resource exceeds 2 trillion barrels, including about 1.5 trillion barrels of oil equivalent in high quality shales concentrated in the Green River Formation in Colorado, Utah and Wyoming. ... Depending on technology and economics, as much as 800 billion barrels of oil equivalent could be recoverable from oil shale resources yielding (more than) 25 gallons per ton."

This combined 885.9 billion barrels of recoverable oil that the government estimates lies undeveloped within U.S. territory is almost three and a half times as much as the 260 billion barrels in proven oil reserves that lie under Saudi territory.

America is an oil-rich country.

Since 1982, however, each year's Interior appropriation has included language forbidding Interior from selling oil-drilling leases in about 85 percent of the acreage comprising the U.S. Outer Continental Shelf. (In July, President Bush lifted an executive order — originally imposed by his father — that essentially duplicated this congressional moratorium.)

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


TOPICS: Extended News; Front Page News; Government; News/Current Events; Philosophy; Politics/Elections
KEYWORDS: 110th; 2008; 2008dnc; congress; congresselections; democrats; domesticenergy; domesticoil; drill; drillheredrillnow; drilling; election; elections; energy; energyfacts; gasprices; gop; offshoredrilling; oil; pelosi
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Blunt: "The resource is there. We know you can safely go after it. The American people are hurting. We need to do whatever is necessary."
1 posted on 08/13/2008 5:36:22 AM PDT by IrishMike
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To: IrishMike

Now, were I a Pubbie on Capitol Hill, I would schedule hearings from October 01, daily, about who is standing in the way of our own oil, and why......but that would require some testosterone...which seems as short in supply among Capitol Hill Pubbies as is estrogen in the women across the aisle...


2 posted on 08/13/2008 5:40:45 AM PDT by mo
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To: IrishMike
1903: Two bicycle mechanics from Dayton, Ohio invent powered flight.

1945: The US invents, produces, and delivers a nuclear bomb to end WW II.

1969: The US lands astronauts on the moon and returns them to Earth.

2008: The USA, despite sitting on top of immense coal, oil, and uranium reserves, is in the middle of an energy crisis that threatens the economy and national security.

WTH is wrong with this picture.

3 posted on 08/13/2008 5:43:57 AM PDT by Former Proud Canadian (I would spend more time on FR but I have to make sure my tires are inflated.)
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To: mo
Now, were I a Pubbie on Capitol Hill, I would schedule hearings from October 01, daily, about who is standing in the way of our own oil, and why......but that would require some testosterone...which seems as short in supply among Capitol Hill Pubbies as is estrogen in the women across the aisle...

Please, this is blatantly unfair. They are showing lots of spine. They're being there every day fighting and it's showing results.

McCain has come around, Obama is getting weak-kneed and even Pelosi is feeling the heat. It would not be happening without the bravery of the House Republicans. They're willing to sacrifice their vacations and they deserve our thanks, not our ire. I am very proud of the House Republicans.

4 posted on 08/13/2008 5:49:53 AM PDT by Conservativegreatgrandma
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To: Former Proud Canadian

Excellent post!


5 posted on 08/13/2008 5:56:12 AM PDT by Red in Blue PA (Truth : Liberals :: Kryptonite : Superman)
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To: mo

Your comment seems especially silly given that DAILY House Republicans have been holding hearings and press conferences and making speeches.


6 posted on 08/13/2008 6:06:55 AM PDT by impeachedrapist
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To: Red in Blue PA

Russia’s recent actions will definitely help move the nation into drilling everywhere we can.

It is obvious even to the most dense that energy has become the new age replacement for the nuclear weapon.

We will drill or we will be nothing.

CSSJR


7 posted on 08/13/2008 6:10:53 AM PDT by old curmudgeon
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To: IrishMike

The Office of the Secretary of Defense prepared a PDF presentation that has maps and charts proving the US has in excess of 2x the hydrocarbon resources of Arab OPEC.

see:

http://www.westgov.org/wieb/meetings/boardsprg2005/briefing/ppt/congressionalbrief.pdf


8 posted on 08/13/2008 6:12:40 AM PDT by theBuckwheat
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To: Conservativegreatgrandma

“Obama is getting weak-kneed”

And to think he wnats to be leader of the free world.


9 posted on 08/13/2008 6:14:28 AM PDT by Niuhuru (Don't burn a bra, burn a feminist!)
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To: Former Proud Canadian

The answer to your question is known to anyone who interacts with today’s average young person. That is, we are living on the right side of the statistical bell curve that powered the USA to being the most advanced civilization that ever lived on this planet. Those times are over. The drive to innovate and personally achieve, usually mandated by necessity, is no longer as powerful as it was for our grandfathers. Not everyone is that way of course. But spectacular success is no longer measured by it’s contribution to society but by it’s financial return. And since that reward is not shared by others, it benefits few. If there is no perceived benefit, there is no drive to excel.

Still, we do live in the country that everyone wants to break into, not break out of ...


10 posted on 08/13/2008 6:16:52 AM PDT by ByteMercenary (9-11: supported everywhere by followers of the the cult of islam.)
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To: IrishMike

It doesn’t matter if we have 20 times as much. As long as Nancy is hoarding it in her basement we can’t get at it to use it.


11 posted on 08/13/2008 6:20:01 AM PDT by BuffaloJack
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To: IrishMike

that’s funny!

and the saudi’s wonder why we don’t drill our own oil.


12 posted on 08/13/2008 6:31:42 AM PDT by ken21 (people die and you never hear from them again.)
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To: IrishMike
Even stopping with the 85.9 billion barrels, that's enough to eliminate all OPEC oil for the next 40 years and even longer if alternatives were developed simultaneously.
13 posted on 08/13/2008 6:35:07 AM PDT by tobyhill (fraud -noun;(1)deceit, trickery, sharp practice, or breach of confidence, (2) Obama)
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To: mo
Now, were I a Pubbie on Capitol Hill, I would schedule hearings ....

As a practical matter, how would you manage to do that? Remember: Republicans are the minority party -- they don't "own" any committees. What Democrat committee chairman would allow you to use his committee?

14 posted on 08/13/2008 6:38:11 AM PDT by r9etb
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To: IrishMike

bttt


15 posted on 08/13/2008 6:39:25 AM PDT by petercooper (It's called subprime for a reason.)
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To: IrishMike; All
http://www.freerepublic.com/focus/f-news/2060605/posts

Here is Nancy's motivation not to drill...I wonder how many other invested and have the same conflict of interest?

16 posted on 08/13/2008 6:49:15 AM PDT by Jersey Republican Biker Chick (Some days it is not worth chewing through the restraints.)
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To: IrishMike

Not to mention the Bakken shale.


17 posted on 08/13/2008 6:51:17 AM PDT by arthurus
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To: mo

Bush should call out the democrats everyday and the republicans need to grow a backbone.


18 posted on 08/13/2008 6:53:42 AM PDT by The Mayor ( In Gods works we see His hand; in His Word we hear His heart)
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To: old curmudgeon

Unfortunately, the American Left, of which Hussein O’Bama is the current headliner, is determined that we will be nothing.


19 posted on 08/13/2008 6:53:43 AM PDT by arthurus
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To: IrishMike

I truly hope the R side stands firm with Blunt and holds up any further legislation including the appropriation bill to fund the gov past Oct. 1. If the DemonRats plus a few RINOs manage to get enough votes to put a continuing resolution on Bush’s desk, I hope he will veto it. I doubt it, but we can hope.
Unfortunately, the MSM will once again paint the mean and dastardly Republicans as wanting to stop granny’s SS check in favor of enriching “big oil” instead of forcing attention to our legitimate domestic energy needs.
And the clueless, average John and Jane will accept it.


20 posted on 08/13/2008 6:54:29 AM PDT by WeldonsRight (Right and (apparently) wrong at the same time)
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