Peter Sterling

An Alternative to America’s Gasoline Crisis

MY Blueprint for solving America's Energy crisis;

www.strategicnine.com/...

Comments and suggestions for improvement great fully accepted

An Alternative to America’s Gasoline Crisis

excellent information. If I can get rid of my excursion I might buy one.
I was not aware of the tax credit. I grew up in Australia. There it used to cost only $500 to convert any car to CNG. So I still have have a problem paying so much more for one. So I still think the $22k for the CNG Civic is a bit steep. It should be maybe $1,000 more than the gasoline version. But for most people the math still works fine, especially with the $5 gas price.

Yes we can drill our way out of this very simply and easily. There's actually probably $500 billion barrels of oil and gas on the US continental shelf. About 60% in the form of clean gas. see strategicnine.com

As for the shale. I flew over a demo shale oil plant near Grand Junction Colorado in the late 1980s. It was costing them $36 to make a barrel of oil then, using a really stupid retort design. There are lots better ones available now, that use part of the shale to fire the process.

I think the US could produce a modest amount of Shale oil without harming the environment. 1-2 million barrels per day. Everyones thinking about 10 million barrels a day and that would use too much water. the smaller amount would replace 10-20% of imports and power the midwest.

I like natural gas the best. Its a good clean fuel for everything. Texas A%M has developed a process to turn natural gas into gasoline. I think the economics don't quite pass muster yet though.


Some Individual Super-Giant Priority Energy Projects to Fast Track

1) Blake Ridge Gas: Instruct the MMS to immediately grant leases on priority development areas including the Blake Ridge super-giant gas lease. See; strategicnine.com

2) Bering Sea Abyssal Gas: Support the Strategic Nine Bering Sea Abyssal Claim so as to enable the consortium to fast track it’s gas development. See; www.strategicnine.com/...

3) Arctic Ocean Commons Claim: Support the United Oil & Gas Consortium’s Claim on the Arctic Oceans Commons area immediately adjacent to Alaska and Canada’s 200nm EEZ and beyond the bogus Russian Claim area, see unoilgas.com .

4) Colorado Oil Shale: Put aside the 1 year hold up on oil shale leasing activities and fast-track any required permits to enable production to commence quickly.

5) Alaska Chukchi Sea Leases; Put aside the often frivolous environmental lawsuits and permits requirements, which is holding up drilling on this and other properties.

An Alternative to America’s Gasoline Crisis

The problem with the Civic GX is its about $10,000 overpriced and the way cool in-home gas compressor is $3,500. The economic math does not add up. Will someone come along and make a similar car thats not a complete rippoff. Its not hard to do.

An Alternative to America’s Gasoline Crisis

Create an American Oil Rush: The government must make it so financially attractive for oil companies to explore and develop American oil and gas resources, that the new policies create a veritable stampede to bring new oil and gas to the market in record time.

The benefits of developing our own oil and gas include an estimated $600-$700 billion per year in oil payments, currently going overseas, which would all stay inside America creating millions of new jobs and prosperity, here, not there.

Do we have enough domestic energy? The answer is yes we do!
In 2003, MMS estimated that there was 406.1 Tcf of remaining undiscovered technically recoverable natural gas and 76 billion barrels of oil in U.S. offshore regions. A precise inventory with modern equipment has not been conducted in over two decades due to the uncertainty created by federal moratoria.
These MMS estimates for available recoverable reserves are too low.
1) There’s more reserves than the entire continental shelf estimates in the Blake Ridge gas deposit alone, than the MMS estimates for the entire US OCS moratorium area.
2) The Bering Sea Abyssal probably contains 20 billion barrels OEL in natural gas alone.
3) The Gulf of Mexico Deeps probably contains at least 150 billion barrels.
4) The Chukchi Sea probably contains 50 - 100 billion barrels OEL.
5) The Beufort Sea probably contains 50 billion barrels.
6) The part of the Arctic Ocean Commons area adjacent to Alaska and Canada’s EEZ probably contains 400 billion barrels.
7) The mean estimate of technically recoverable oil in ANWR is 10.4 billion barrels – all of which is now economically recoverable. That’s more than twice the proven oil reserves in all of Texas . That’s almost half of the total U.S. proven reserve of 21 billion barrels. That represents a possible 50 percent increase in total U.S. proven reserves.
8) The Strategic Unconventional Fuels Task Force has estimated that 800 billion barrels of oil equivalent could be recoverable from oil shale resources in the Green River Basin depending on technology and economics - enough to replace the amount of oil we currently import for more than 160 years. And 576 of the 800 billion barrels of oil are on Federal resources.
These amounts of oil and gas could easily last America hundreds of years!

I propose the following measures to bring about the transformation of American energy industry and indeed the entire US economy within ten years.
This would include;
1) Cancel the Moratorium on drilling on the US Continental Shelf.

2) Cancel the Moratorium on drilling on the ANWAR 10-02 area.

3) Support the three international waters resources rights Claims made by American Companies to adjacent oil and gas reserves that could be developed without any regulatory lags.

4) Put aside most of the permitting requirements for urgent projects as listed here, “in the national interest” by creating a fast-track office to evaluate and approve any leases within 90 days.

5) Enlarge new OCS post-moratorium lease block sizes from the paltry 5 mile by 5 mile area to a more realistic size or perhaps 100 miles by 100 miles in frontier regions.

6) Provide strong financial incentives to get oil flowing sooner, i.e., Offer a ten year tax and impost holiday on strategic new oil and gas development projects. Offer matching funds for seismic and EM surveys, to be repaid from eventual production.

7) Provide low-cost loan guarantees for development of urgently required new oil and gas project infrastructure.

8) Provide low-cost Government guarantees or loans for offshore oil-gas ships and vessels built to work in the US for the next 5 years.

9) Temporarily exempt Oil-gas projects from the US Cabotage laws so that projects can more quickly secure production equipment from overseas shipyards.

10) Set Aside Regulatory Delays. Make regulatory bodies set up departments to “fast-track” approval of energy projects to clear hurdles within 3-6 months.

11) Eliminate Frivolous Lawsuit Delays; Create a special court to hear energy related cases with a mandate to adjudicate on cases within 7 days.

12) Provide 200,000 grants for students to pay for college for petroleum engineers and geologists and for technical petroleum production job training programs.

All of the above measures will create a massive stampede of exploration and oil-gas production infrastructure to blossom on the US continental shelf areas, creating near immediate increases in oil and gas production, hence rapidly lowering consumer energy prices.

Much of the new offshore energy production would be in the form of Low C02 natural gas, which when used to make electricity reduces C02 emissions significantly.

any questions?