Sunday, March 18, 2012

'America’s combined energy resources are... the largest on earth'

Peter Glover, writing at Energy Tribune, obliterates President Obama's incessant lies about energy. He relays a stunning report that describes America's natural energy reserves as an embarrassment of riches.

Which begs the question: with its economy running on fumes and a staggering deficit, why is America the only country on Earth that restricts access to its own vast energy resources? That's a rhetorical question, since we now have a Democrat Party controlled by Marxist ideologues.

...America’s combined energy resources are, according to a new report from the Congressional Research Service (CSR), the largest on earth. They eclipse Saudi Arabia (3rd), China (4th) and Canada (6th) combined – and that’s without including America’s shale oil deposits and, in the future, the potentially astronomic impact of methane hydrates. perhaps falls to a friend of the US (i.e., me) to state that if the White House is in any way serious about impacting the economic Black Hole that is the burgeoning national debt, reinvigorating business big-time, creating real jobs and restoring ebbing national wealth, the best shot by a distance if you’re American ... well, you’re standing on it, or rather above it.

...While the US is often depicted as having only a tiny minority of the world’s oil reserves at around 28 billion barrels (based on the somewhat misleading figure of ‘proven reserves’) according to the CRS in reality it has around 163 billion barrels. As Inhofe’s EPW press release comments, “That’s enough oil to maintain America’s current rates of production and replace imports from the Persian Gulf for more than 50 years”. Next up, there’s coal. The CRS report reveals America’s reserves of coal are unsurpassed, accounting for over 28 percent of the world’s coal... that’s a couple of centuries of coal use, at least.

...In 2009 the CRS upped its 2006 estimate of America’s enormous natural gas deposits by 25 percent to around 2,047 trillion cubic feet, a conservative figure given the expanding shale gas revolution. At current rates of use that’s enough for around 100 years... [and] methane hydrates [could] be enough to provide America’s natural gas for more than 400 years.”

...With hundreds of thousands depending on oil and gas drilling for work, it is as yet unknown just how many of Obama’s policies are putting people out of jobs – and preventing the creation of new ones. What we do know however, is that ‘green’ jobs in the alternative energies industries just aren’t cutting the employment ice. In mid-March, a new study by Verso Consultancy estimates that for every new green job created by diverting public money into renewable energy projects in the UK, 3.7 British jobs were destroyed.

Meanwhile US energy policy persists in pursuing the myth that renewables are the economically viable future, with fossil fuels already, as the president said in January, “yesterday’s energy”. With 85 percent of global energy set to come from fossil fuels till at least 2035 no matter what wishful thinkers may prefer, current US energy policy – much like European – is pure political pantomime.

In 2012 we must elect leaders who understand the real world. The leaders we have today exist in some sort of a fantasy dream-scape. Because in the real world, there are no unicorns, no mermaids, no dancing ponies and no "green jobs".

Hat tip: D&S


Anonymous said...

We are awash in hydrocarbons that can be converted into liquid fuels. A study done for the Secretary of Defense, Dr. Theodore K. Barna., OSD Clean Fuel Initiative, shows that the US has over 2X the hydrocarbons than Arab OPEC has. The only issue is cost and the political will to permit drilling and mining.


The_Bad said...

In order to comprehend current energy policy, one must be a forward thinker. Just imagine the profit margins we will enjoy once we finally get the unicorns to start crapping gold nuggets.

Anonymous said...

We gotta figure this energy thing out pretty quick lest we all be living like hippies soon. Fighting over firewood and charcoal...

the Other Ken said...

I think the Democrat strategy of having the rest of the world deplete their energy resources while we keep ours in the ground is nothing short of brilliant. In 50 years we will have a monopoly on energy and we will rule the world! Bwa ha ha ha!

Wait, that's what they're doing, right?

Belligerent said...

@the Other Ken,

Sssssh!! Just wait until the OPECers figure out they can't drink sand and have no more revenue stream of consequence. Dustbin of history, baby. Wait, isn't that unfair of the USA to hoard our resources? Shouldn't we be exploiting our own resources In Fairness To Other Nations?

Oh, this is gonna be fun ;-)

QueMan said...

First off barry is not a 'African American'....that title is only for direct descendants of slaves -- his father was Kenyan...not a slave in America!

Second you are a racist! How dare you question his holiness's background! He reached this level through solid gold knee pads and a cute mulatto how can you being an Indian implant criticize the one?

BTW...can't wait for the movie...hope you do justice for the American people instead of being like the lame stream media....

...Oh wait a minute...that was another post -- WTF? $4 gas and high elec bills...just what barry ordered right? And we bow to saudies for oil!!!