petersterling

Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy

Damn, this article is so far off base in facts. 80-90% of all the rigs are drilling for natural gas. Mostly on private land where government can't stop them. So now we have over 100 years supply of natural gas. All the dumbies in Congress have to do now is mandate the $25 billion gift they gave to the car cos is used to make all new cars flexi-fuel CNG or gasoline and Americas transport fuel problem will be largely solved....

Add to this opening up ANWAR and the shelf and oil shales and America would have all the fossil fuel it needs for 4oo years.... yes 400 years.

see; www.strategicnine.com/...

PROPOSED ENERGY EMERGENCY EXECUTIVE ORDER:

“THE BUSH AMERICAN ENERGY-ECONOMY FREEDOM PROJECT”

1. Declare an energy emergency and set aside the OCS permitting requirements so as to fast-track various critical new energy developments. Immediately Grant new ANWR, OCS and Oil-Shale “Energy Emergency” leases on a first come first served basis allowing smaller American companies to participate. This will blunt the complaints that big oil is being pandered to.

2. Exempt the new lease areas from any and all State and Federal lawsuits, imposts and delays. (See Senator DeMint’s proposed “Drill Now” Act.)

3. Offer low-interest loans for new energy projects production equipment, even more for natural gas projects, a cleaner low C02 fuel.

4. Grant a tax holiday for projects in declared special "American Energy Economic Zones" (AEEZ) to stimulate immediate action on the ground.

5. Temporarily eliminate up-front oil and gas lease payments and other imposts, in return for an increased royalty (20%) on the back end; after production commences.

6. Mandate that all new cars sold (not just made, but sold) in the United States within 3-4 years to be flexible fueled—operable on any combination of Natural Gas, Compressed Natural Gas, (CNG) or Gasoline. Alternatively alcohol (including both methanol and ethanol) or gasoline fuel.

The Democrats are secretly sticking with a flawed nation-killing, anti-carbon theology that opposes all new oil production. The ultimate cost of their policies if implemented, will be the destruction of the American economy.

The Oil Bubble Will Meet the Same Fate as Tech, Housing

The government has been printing too much money for 8 years now. The real inflation rate was about 20% for the last 3 years. Now its flipping to deflation as real estate tumbles by 60-75%. Just like 1998-2003. The music has stopped and there are not enough chairs.
And yes the US oil shortage is US government made. Every oil exporter loves democrat politicians. They created the supply shortage and its heaven for overseas oil exporters. America is collectively energy stupid.

The Oil Bubble Will Meet the Same Fate as Tech, Housing

There's tons of oil and gas out in the ultra deep waters of the world. E.G., Brazil offshore discoveries, 30-100 billion barrels. It needs $100 a barrel to make a profit though. and there's more in the Colorado oil shales at a cost of $30-$40 a barrel. Plenty for hundreds of years if Congress would just get out of the way. Give government control of a desert and they will create a shortage of sand within 5 years....