Some 15 new oil and gas fields in Indonesia are expected to go online in 2012, with total expected production at 1.15 million standard cubic feet per day (mmscfd) and 32,200 barrels of oil per day (bpd), the country’s energy regulator said on Sunday.
If you believe what the President Barack Obama is saying, drilling for more oil won’t affect the price of gasoline, and there aren’t enough oil reserves in the United States to satisfy or growing energy needs.
From confused “peak oil” theorists to confused Congressmen, it’s all but impossible to hear a discussion of US energy policy without hearing the left’s tired refrain: “The United States currently uses 25% of the world oil production but has only 2% of world reserves.” The left uses this misinformation to argue against domestic oil drilling, claiming that with…
+2 million Americans march against Obama on September 12, 2009 The United States is sitting on the world’s largest untapped oil reserve. A natural resource that would not only mitigate the over $400 Billion sent overseas to other countries but could create untold millions of jobs and put the country on a sound financial footing. Breaking =>…
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