Domestic Oil vs. the Current Administration's Policies

"The U.S. has around 20 billion barrels in proven reserves, but the amount of undiscovered so called "technically recoverable" oil is over seven times that.

Those are the government's own figures!

And we can get that oil using today's technology. In fact, the U.S. has nearly 1.5 trillion barrels of oil.

That's enough to fuel the present needs in the U.S. for around 250 years, according to the Institute for Energy Research."

http://www.foxbusiness.com/on-air/willis-report/blog/2012/02/27/obamas-2-lie

That's right. Barack Obama's Oil Lies are Rooted in His Contempt for the United States of America.

Obama has told an outright lie when he say's we only have 2% of the worlds oil.... here is what Obama said.

Listenin' to them, you'd think, uhhh, there were. As a country that has 2% of the world's oil reserves but uses 20% of the world's oil... I'm gonna repeat that: We've got 2% of the world oil reserves; we use 20%.

The truth is much different- we have much more than 2% of the worlds oil. Rush Limbaugh has stated it more correctly....

That's not what that means. Folks, with new technology, we have more oil in the ground that we can get than they have in Saudi Arabia. That "2% of the world's reserves" means 2% of what has been brought up, 2% of what has been produced, not 2% of the supply.

This has been an out-and-out lie, and I don't know how else to categorize it. He is purposely misstating this. This is a left-wing catcall for as long as I have been alive, and in this statistic is the implied guilt. "Look at us! We've got 2% of the world's oil, and we use 20%, and it's not fair. We are raping the other nations on this resource!"

We have 250 years of oil - if we would just drill and develop it. We also have about 700 years worth of coal- some of the highest quality coal in the world.

Why does Obama say we only have 2% of the world's oil---why does he only count oil already pulled from ground?
Why does he lie and misrepresent how much oil United States has under ground and off shore?

Is this more misleading than NBC's Brian Williams claiming that anyone who fight's federal law forcing Catholic Bishops to provide free contraception as wanting to ban contraception?

How do people get away with such lies?

Are GE's tax breaks contigent on Brian Williams telling lies to the public to help Obama win re-election?

But but, it won't help us now, it will take 10-20 years!!!! Remember when we heard that same thing during the Clinton administration ? How many years did it take us to land on the moon once we decided to do it? I swear there is no common sense in Washington.

Oil and gas task force starts its work with protesters at the front door

http://www.denverpost.com/breakingnews/ ... source=rss

On what I would consider a related note, I will be interested to see how things go for this task force appointed by the Governor. In the northeast (primarily the mountains of Northeast PA and the Central NY) environmental groups have been pretty successful in scaring the pants off most people about the implications of drilling on water quality. Though they can't actually stop drilling they have been successful in making the regulations so onerous that the oil and gas companies shy away from drilling. Why drill domestically when you can buy it for a lot more money in the Middle East...and pay for it with American blood right?

What I haven't heard about much lately are the implications of "alternative" sources of energy on the environment. Who in the audience is okay with 70 golden eagles being killed every year by turbines at California's Altamont Pass? Are we okay with that? What about the thousands of other birds dying? Have you heard much about this? When was the last protest?

Windmills vs. Birds

http://online.wsj.com/article/SB1000142 ... lenews_wsj

If we are REALLY concerned with the implications of energy on our environment then let's apply the same standards to all aspects of the industry.

Ya, where is PETA?

What if the US is letting everyone else pump all of their oil now and is waiting until crunch time to start harvesting the oil domestically? I have wondered if this has been a long term strategy of the US.

Soulshiner wrote: What if the US is letting everyone else pump all of their oil now and is waiting until crunch time to start harvesting the oil domestically? I have wondered if this has been a long term strategy of the US.

Wonder no longer, the answer is no. The US has no long term energy strategy.

You guys are such tools! Citing an opinion piece by a Fox hack as fact. The truth is that the US has less than 2% of the world's proven oil reserves. Fact! Oil exploration companies are sitting on millions of acres of permitted sites. Fact! While there are vast reserves of petroleum that is considered unproven, that is for very good reasons. Take oil shale for instance. It is frequently cited as an enormous reserve and has been for over fifty years. Yet nearly every exploration company has walked away from it as the energy and water costs to recover it are astronomical. Chevron walked away from it's leases just this past week. Fact! The tar sands oil that Keystone XL is purported need to carry is already being imported into the midwestern US. What Transcanada wants to do is to get it to a port location for export out of the US. Fact!

But go ahead with your hate and Fox opinion pieces.

Something the Dog Said wrote: You guys are such tools! Citing an opinion piece by a Fox hack as fact. The truth is that the US has less than 2% of the world's proven oil reserves. Fact! Oil exploration companies are sitting on millions of acres of permitted sites. Fact! While there are vast reserves of petroleum that is considered unproven, that is for very good reasons. Take oil shale for instance. It is frequently cited as an enormous reserve and has been for over fifty years. Yet nearly every exploration company has walked away from it as the energy and water costs to recover it are astronomical. Chevron walked away from it's leases just this past week. Fact! The tar sands oil that Keystone XL is purported need to carry is already being imported into the midwestern US. What Transcanada wants to do is to get it to a port location for export out of the US. Fact!

But go ahead with your hate and Fox opinion pieces.

Typical, don't like the source of the information deflect but don't provide any credible information to substantiate your point of view. Maybe the Fox news piece hit a little too close to home? Admitting the truth can be difficult when it contradicts what you want to believe. Hope and change...

Soulshiner wrote: What if the US is letting everyone else pump all of their oil now and is waiting until crunch time to start harvesting the oil domestically? I have wondered if this has been a long term strategy of the US.

I have actually heard of that having been discussed, even within environmental circles, as a long term strategy by the U.S.
Perhaps, there is some truth to this(?). I've heard that that U.S. oil shale throughout the Green River formation to be estimated at 2-3 TRILLION. Long term stategy? I don't know, but it is interesting.