sunset from behind the wire

sunset from behind the wire

Thursday, February 24, 2011

Oil


I often suggest on this blog that President Barack Hussein Obama consistently works against the best interests of Americans. I have consistently preached here on Virtual Mirage that America's largest looming concern was our dependence on foreign oil. Imagine an America where our foreign policy decisions weren't guided in large measure by considerations placed on it by foreign oil suppliers.

George Bush (remember him?) lifted the ban on domestic drilling and it sent domestic crude prices downward. Barack Obama in his orgy of hope and change blocked domestic drilling. The very first thing that Interior Secretary Ken Salazar did was to cancel leases for energy exploration. 

There is oil in the US. The Arctic National Wildlife Refuge (ANWR) in Alaska has an estimated 16 billion barrels of recoverable crude and the Green River Formation (Utah, Wyoming & Colorado) have an estimated 800 million barrels of recoverable crude oil. The Congressional Research Service reported in 2009 that the US has a recoverable supply of oil  in excess of 160 billion barrels. (equal to 75 years of OPEC oil imports). One would hope that in 75 years we will find an alternative to petroleum as our primary energy source...but who knows?

Yes, I know that Al Gore opposes oil exploration and drilling, but frankly, I don't care what Gore likes/doesn't like. It would be nice if we weren't dependent on oil. I'd be thrilled if we had some sort of real solution to oil, but we don't.

If we opened ANWR to drilling today, we'd see oil at the pumps by the end of the decade. Other areas in the US are more likely to provide oil to market more quickly. It takes time to get things in place. It's time to open up oil leases and to get things moving NOW. 

I don't know what's going to happen in Libya, Egypt, Saudi Arabia and Iran - but do any of you trust the oil supply coming from THERE? Investor's Business Daily has a good article on the subject HERE.

The Saudis announced that they are pursuing a nuclear power program now that Iran is building a bomb. Russia backs the Iranian program, France supports the Saudis. Both claim to be pursuing peaceful research into energy generation. Kuwait is relying on British support for their peaceful nuclear program. Does any of this make any of you feel that the world's oil supply is safer? I don't predict a nuclear war in the Middle East in the near future, but the sad truth is that AMERICA needs to chart a course where our own oil needs are hedged. --- and guess what? President Obama opposes that. What a shock!


8 comments:

  1. I'm not sure why anyone should be surprised ad this clown's stance as to the oil situation. consider the fact that it took our boy 8 days to get his head far enough out of his behind to even comment on the Libya situation. 8 days! In the meantime gas prices are flying through the roof! Yet, his so called administration has the gall to believe we the electorate are really dumb enough to accept their claims that inflation is not happening!

    During his campaign, Obama was quite comfortable lecturing the electorate on the fact that he felt it was ok if gas prices when up to $5 a gallon or more. didn't matter to our wanna be dictator! Now as the Mid-East goes up in flames and he openly shows his disdain for Israel, he steadfastly refuses as you note to allow us to tap our own vast natural resources.

    His ideology dictates we as a country must be destroyed and become beholden to the third world garbage that is now and has been calling the shots in the U.N. for years.

    Our president is nothing more than a follower of a failed Marxist/Socialist system and on top of that every move he makes is also apparently aimed at supporting every radical Muslim order out there.

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  2. I'll say it again. We are allowing a Catch 22 in this country. How do we charge an electric car if there are no new power plants. The Greenies need to be put out of their collective miseries. It amounts to a much larger picture than oil. If we can't wake up the people (sheeples) in this country, we're doomed to become a third world country ... but that's what Algore wants, isn't it.

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  3. There's plenty of chemical energy in this country locked inside coal too.

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  4. From the Washington Post:

    "President Obama‘s top economic adviser said Thursday the White House is monitoring the spike in oil prices as a result of uprisings in Libya, but said that recent fluctuations aren’t likely to derail the U.S. economic recovery."

    Now can someone please tell me how runaway oil prices that are basically due to the ineptness of the CIC (Clown In Chief) will not or cannot effect the current economy? Good Grief! They actually expect us to believe these lies!!!!!

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  5. Ever since the environmentalists got to Congress, our national energy policy has been a joke. Really, what are the alternatives? Foreign dependence on oil is uncertain and risky. We can drill and process our own oil or go nuclear. Energy comes at a price. What price are we willing to pay to keep our energy?

    Neutering Obama then getting rid of him seems like a good start.

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  6. Can't neuter him! He's already proven he has no gonads with the way he's handling the Libya situation. Couldn't even bring himself to call Qaudaffi by name! What a pathetic joke!

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  7. chickelit - As I understand it, our coal reserves dwarf our oil reserves.

    joetote - I think he's sad to see the dictator fall in Libya.

    Euripides - We need to do something - and there is a considerable development period between a green light from the administration and the implementation of that policy move.

    Odie - Electric cars are a red herring that the environazis wet themselves over. (1) BATTERIES are toxic waste, and they don't come near to lasting the life of the cars. (2) They oppose nuclear energy generation, which is the only certain clean energy out there (not dependent on wind velocity, etc).

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  8. obama isn't worried about lack of oil. He's sure that someone will quickly invent something simple and green to solve all our energy problems.

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