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To: ChiefKD

And when the Middle East blows up and the flow of oil is disrupted, where do we get our energy? Unfortunately, since we haven’t been allowed to exploit our own resources, it will take years. We are screwed.


31 posted on 10/05/2011 7:22:26 AM PDT by doug from upland (Just in case, it has been reserved: www.TheBitchIsBack2012.com)
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Isa 17:1 An oracle concerning Damascus: “See, Damascus will no longer be a city but will become a heap of ruins.


32 posted on 10/05/2011 7:38:01 AM PDT by Doofer ("If debt is the problem, how is more debt the solution"?)
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To: doug from upland
Unfortunately, since we haven’t been allowed to exploit our own resources, it will take years.

That isn't as completely bleak as the news would have you believe, but it'd defintiely get more expensive until we got things going. Right now, there are oil booms going in North Dakota, Ohio (just starting, the Utica Shale), and natural gas booms going on elsewhere in the mid-continent (MArcellus, Haynesville, Eagle Ford). The Niobrara may be yet another, and all of this is onshore.

If we got the dingus incheef out and someone else in, chances are we'd be doing better with offshore opened back up. It'll take a few years to get the rigs built and crews ready (an ongoing thing, the latter), but it can happen.

We wouldn't be 'done', but rationing might happen like WWII, for a while.

37 posted on 10/05/2011 8:43:35 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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