Alaska Destroys Peak Oil Theory – Newly Discovered Oil Reserve: Equivalent To 30% World’s Supply 83 Billion Barrels
The United States has plenty of oil within US borders. We don’t have to rely on foreign oil anymore! It is just a matter of drilling and getting the oil out. The oil is there! Remember the song….”America, America God shed his grace on thee”? It is true! God provided this country with more than enough oil for generations to come.
Did you know…
There is a massive 200 billion barrel oil field located in North Dakota, South Dakota and Montana. And it even gets better! Because of new horizontal drilling technology, it is estimated that this huge field may even produce up to 500 billion barrels of oil! The Saudi’s are estimated to have only 260 billion barrels of oil, clearly putting America in the cat bird seat!
But the good news does not stop there! Alaska is just waiting to drill for oil. In fact the governor of Alaska is suing the government for failing to drill for oil. Alaskan oil fields are massive. At Gull Island, Prudhoe Bay, Alaska, there is enough oil and natural gas to keep America going for the next 200 years! Yes, for the next 200 years!
There is even better news! The US Outer Continental Shelf has 112 billion barrels of oil, not to mention a whopping 656 TRILLION cubic feet of natural gas! WHY are people struggling to pay winter heating bills when we have natural resources like this?
Oil shale is abundant in the US. In fact, half of all the earth’s oil shale deposits are located within 150 miles of Grand Junction, Colorado! Shell Oil is working on new technology which will make oil shale extraction financially feasible. They plan to open a shale oil plant in 2010. It will provide a piece of the puzzle toward energy independence for the United States.
Then of course, just about everyone knows that the United States is the Saudi Arabia of coal. With 275 billon tons of coal! We have more coal than just about any other place in the world. Enough coal for American needs for the next 250 years! Once again, new technology is underway to make coal burning safe for our environment.
So there we have it! It is time for the US to get serious about energy independence and drill for oil. The environmentalists should move to China and India where pollution is really is out of control. With the new technology used in the oil fields of today, the impact on the environment is there but it is controlled. With environmental controls oil fields can be environmentally safe.
When it comes to the environment we need to understand that as long as there are billions of people living on this planet, there will to be a negative impact on the environment. That is just the way it is unless billions of people die, and even then environmentalists would complain about rotting corpses creating a problem for the environment. There is simply no way around problems with the environment when you have billons of people to contend with. The human race needs to protect this planet, yet we have to live too. Living without energy is not an option. Until we have plentiful, green energy we will have to rely on the oil based solutions of old. It will take time to convert to green energy and that quest is just as important as drilling for oil is now. We can’t let the ball drop in either arena.
Prince Philip, co-founder with Prince Bernhard of the Netherlands of the World Wildlife Fund (WWF), tells an interviewer that he hopes to be “reincarnated as a deadly virus” to help solve the “population problem,” he is just “doin’ what comes naturally” for any scion of the Anglo-Dutch oligarchy.
Obviously we should have been exploring our oil supplies 10 years ago. Now it will take at least 2 years before oil and then gas will come back down to a livable price for most Americans. 80% of all Americans claim climbing gas prices are affecting their lives in a very negative way.
And is it no wonder! Food prices go up every time a barrel of oil reaches a new high. Add to all of this are the flood woes of the Midwest which will mean even higher food prices yet to come. This winter will be especially tough for most people as they struggle to heat their homes with the highest projected heating costs of all time, and if that is not enough, they will be hit with unaffordable food prices, making it harder than ever to put food on the table for the family. This is not the America I know, or want to know.
Whoever wants to be the next president can easily get elected if they take the bull by the horns, and start drilling! We need to open the US oil fields in Alaska, Montana, and North and South Dakota as soon as possible. And, once we have that oil flowing all across America, we can tell the Middle East what to do with their oil. For too long we danced to their tune. It was degrading to both President Bush and Americans across the country when he went begging to the Saudi’s, hat in hand, pleading for increased oil production, which the Saudi’s denied. No American president should ever have to go through that again, especially when we have billions of barrels of oil right in our own back yard.
The next few years will be a time of financial hardship, but once American oil becomes available, it will not take long for the economy to turn around. This time of austerity is beneficial in a way, because it forces us to seek new and better ways to do things. And, new and better ways of doing things…..well that is a lot of what this country is all about! In the face of adversity, we will prevail and prosper in the end! We can do it! God Bless America!
The Obama administration is continuing a ban on offshore drilling in favor of offshore wind farms at a time when gasoline threatens to reach $5/gallon an economic nightmare the American public might see develop in 2011.
OBAMA MOTTO ~ KEEP AMERICA OUT OF WORK
Gas to hit $5/gallon in 2011?
Obama continues offshore drilling ban in favor of wind farms
With OPEC targeting $100/barrel oil as OPEC oil ministers gathered last week for a meeting in Cairo, 2011 may see oil challenge the $148/barrel all-time high reached in July 2008.
This comes at a time when the Obama administration is continuing a ban on offshore drilling in favor of offshore wind farms.
No amount of spin will win the Obama administration gains in public approval if gasoline tops $4/gallon or threatens to reach $5/gallon an economic nightmare the American public might well see develop in 2011.
OPEC members Iran, Venezuela and Libya have weighed in favor of the $100/barrel target, rejecting Saudi Arabia’s preference for prices centered at the $75 level, the level that oil has traded above since September, according to Bloomberg.
The end of 2010 has seen oil prices clime above $90/barrel, as Red Alert predicted at the end of the third quarter 2010.
Obama bans offshore drilling
Earlier in December, the Obama administration reversed policy, announcing a ban on offshore drilling in the eastern Gulf of Mexico and off the Atlantic coast that is expected to continue for at least seven more years.
Ironically, in March, less than a month before the BP Deepwater Horizon oil rig disaster in the Gulf, Obama and Interior Secretary Ken Salazar had promised to open up the eastern Gulf and parts of the Atlantic coast to offshore oil and natural gas exploration.
The Obama administration has no consideration of reversing the ban on Pacific Coast oil and natural gas exploration that is expected to prohibit drilling until at least 2017, USA Today reported.
Clearly the decision to ban offshore drilling is a concession to the environmental groups on the political left that support President Obama.
Instead, last month Salazar launched a “Smart from the Start” wind energy initiative for the Atlantic Outer Continental Shelf designed “to facilitate siting, leasing and construction of new projects, spurring the rapid and responsible development of this abundant resource,” according to a Department of Interior press release.
The decision is a follow up to the Cape Wind project announced in October, in which the Interior Department signed the nation’s first lease for commercial wind energy development with Cape Wind Associates LLC, a subsidiary of Energy Management, Inc.
The area involved in the Cape Wind project involves 25 square miles of the Outer Continental Shelf in the Nantucket Sound offshore Massachusetts.
The 130 planned wind turbines are estimated to generate a maximum electric output that could produce enough energy to power more than 200,000 homes
The Interior Department estimates that the Cape Wind energy project could generate enough power to meet 75 percent of the electricity demand for Cape Cod, Martha’s Vineyard and Nantucket Island combined.
Wind farms continue to fail
In making the decision to pursue wind energy, the Obama administration is ignoring abundantly available information that wind turbine farms have failed to be proven to be economically profitable ventures.
Texas oilman T. Boone Pickens has abandoned his $2 billion investment in a wind turbine farm in Pampa, Texas, despite having invested $58 million to broadcast a series of television commercials promoting his wind energy agenda.
In September, Deere & Co. announced its intention to sell its wind energy business to a subsidiary of Exelon for $900 million, the Associated Press reported.
Originally, in founding John Deere Renewables, the company saw the wind business as an extension of its agricultural work, with projects located in rural areas; before abandoning the project, Deere had invested more than $1 billion in the wind energy project over the last five years.
Last week, Colorado State University abandoned a plan to build a massive electricity-generating wind farm on CSU’s Maxwell ranch, according to Coloradoan.com.
Fort Collins campus president Tony Frank was forced to admit that a 2008 plan to transform the university into a “carbon-neutral” environment by 2020 was too ambitious.
Most of the electricity in Colorado comes from coal-fired power plants and from burning natural gas.
Currently, the Obama administration has no plan in place that has any reasonable chance of reducing the price of oil and natural gas in the near future.