petersterling

Is the Second Great Depression Imminent?

What a load of rubbish. All we have to do is switch to making flexi-fuel cars, able to run on CNG-gasoline and the problem is solved for 200 years. America has discovered 120 years supply of natural gas in shales etc., recently. My company alone could provide 10% of America's natural gas needs from offshore North Carolina and the Bering Sea Deeps resources.

America has 400 years supply of oil in shales in Colorado-Utah-Wyoming, which can be retorted into oil for $30 per barrel anytime we want.

Peak oil is totally, completely wrong. There's tons of oil and gas available at the right price, which is probably $75 per barrel or more. At today's oil price the oil companies won't bother opening any new fields because there's no profit in it. Once the price goes back up we will be turning the tap on big time and there will be plenty for everyone...

Oil: Remember Iran?

Right on the button!

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.

Will Global Events Keep Oil Above $100?

Arab world fears an Iran war may be impending

DEBKAfile Exclusive Report

August 18, 2008, 10:10 PM (GMT+02:00)
USS Ronald Reagan

USS Ronald Reagan

DEBKAfile’s Middle East sources report that the Iranian satellite carrier space launch Sunday, Aug. 17, was prompted by a joint caution to Tehran from Saudi King Abdullah and Egyptian president Hosni Mubarak.

After their meeting Saturday, the spokesman of the presidential palace in Cairo, Suleiman Awwad, said: Iran should not present on a silver platter the “justifications and pretexts for those [US and Israel] who want to drag the region down a dangerous slope.”

This warning was interpreted by the London Arabic daily Al Quds as a warning to Tehran that an attack is impending by the US, some European nations and Israel.

The article recalled the fate of Saddam Hussein “who didn't adequately refute claims over Iraq's supposed weapons of mass destruction.”

Tehran immediately responded to the warning by launching the Safir satellite carrier into orbit, thereby exhibiting a ballistic missile capable of reaching outside the Middle East, as far as Britain and France, should they decide to join an American attack on Iran, as well as US military installations on that continent.

Our military sources report that the war scare in Cairo and Riyadh also infected Kuwait.

Last week, the small oil emirate placed its military on “war alert,” to avoid being caught off-guard by a possible conflict in the region. On Saturday, Kuwait boosted its naval force in the Persian Gulf to ward off a possible Iranian reprisal against its oil installations if attacked.

The scare was fed by the impending arrival of the USS Theodore Roosevelt, the USS Ronald Reagan, and the USS Iwo Jima in the Persian Gulf to reinforce the US strike forces in the region, as first revealed by DEBKAfile on August 11.

They are to join the USS Abraham Lincoln, which is patrolling the Arabian Sea opposite Iran, and the USS Peleliu, on beat in the Red Sea and Gulf of Aden. This deployment would be the largest naval task force the US and its allies had massed in the region since the 1991 Gulf War.

A US Pentagon spokesman last week denied that these forces were gathering to impose a partial naval blockade on Iran, but declined to disclose their mission. The denial apparently failed to convince the rulers of Saudi Arabia, Egypt and Kuwait.

Will Global Events Keep Oil Above $100?

Everyone's forgotten that there are no less than five US aircraft Carriers and support vessels off Iran, loaded for bear.....

Events in Russia Could Push U.S. Toward a Clearer Energy Policy

In other words, our policy is to maintain our dependence on the internal combustion engine.

It would be a set up for a hilarious "Peter Sellers" comedy if it wasn't destroying this economy.

The Obama/McCain Energy Charade: Nothing But Empty Ideas

Forget the idiots in Washington. If you gave them control of a desert, there would be a shortage of sand within 5 years!

buy my company; AOAG a lowly pink sheet stock. Its a very speculative play , which might secure largish oil gas reserves if OCS is opened up

'Pickens Plan' Comes in the Nick of Time

The Pickens Plan is great. In Addion ANWR should be producing ten percent of Americas oil needs.

Oil Shale could replace one third of America's imports and provide all the gasoline and diesel requirements for middle America.

Things you didn't know about oil shale
By Sen. Orrin Hatch of Utah
Article Launched: 07/24/2008 12:30:00 AM MDT

Democrats control Congress, so Americans ought to be asking about their plan to lower gas prices. Let's hope their plan doesn't rest on solar, wind and geothermal, because planes, trains and automobiles don't run on electricity; they run on oil - mostly foreign oil. Or at least 97 percent of the time they run on oil, and the other 3 percent is mostly ethanol. Let's also hope the Democrats" plan doesn't rest on ethanol to break our dependence on foreign oil, because it can't. More on that later.
Americans ship about $700 billion annually to foreign oil traffickers, and Democrats respond by shutting down America's own energy supplies. Now at the mercy of foreign governments smart enough to produce their own energy, we are selling away our nation's place in the world and funding the rise of our most aggressive competitors and even our enemies.
Colorado, Wyoming and Utah have more oil in oil shale than OPEC. Everyone seems to know that by now, but here are six things you probably did not know about oil shale.
1) Did you know oil shale has a smaller carbon footprint than ethanol? When calculating the carbon emissions of the entire oil shale process, without the use of carbon capture technology, its total carbon footprint is about 7 percent larger than gasoline. But a peer-reviewed article in the February issue of Science calculates the entire carbon footprint of ethanol to be 93 percent larger than gasoline. The article reports that even switchgrass footprint is 50 percent larger than gasoline.
2) Did you know oil shale uses less water than ethanol and no more than gasoline? Increased ethanol production will require more irrigation. A September 2007 article in Southwest Hydrology states that irrigated corn requires more than 780 barrels of water for each barrel of ethanol. The Department of Energy reports that oil shale, for the entire process including land restoration, requires three barrels of water for every barrel of shale oil, about the same as gasoline.
3) Did you know oil shale uses much less land than either ethanol or gasoline? One acre of corn produces 10 barrels of ethanol. One acre in the oil patch produces about 10,000 barrels of oil. One acre of oil shale produces between 100,000 and one million-plus barrels of shale oil! No, that's not a typo.
Whether your concern is carbon emissions, water use or wildlife habitat, oil shale is a better answer than ethanol. And when it comes to transportation fuels, ethanol is the only alternative of any real significance.
4) Did you know oil shale has been commercially produced in Brazil for 30 years and in Estonia for 80 years? Technology is not a barrier.
5) Did you know that oil shale failed in 1982 due to the price dropping to $10 a barrel, not because of technology or scarcity of water? That was a quarter century ago, and a lot has changed since then. Time Magazine's Man of the Year in 1982 was the Computer. Today, we have better technology, better environmental regulations and OPEC can no longer flood the oil market.
6) Did you know current law gives each governor, before any commercial leases are granted, the right to set the pace of oil shale development? But Rep. Mark Udall has put a moratorium on commercial leasing regulations, effectively taking away that right for Utah's governor. The action produces no additional rights for Colorado, but destroys Utah's right to move forward at any pace.
Some have expressed concerns that the horse should not be put in front of the cart with regard to oil shale production. But the moratorium slaughters the horse and barricades the road. You protect against a bust by supporting an activity, not artificially starving it.
I've supported Colorado's right to choose its own pace. Utah deserves the same courtesy.
EDITOR'S NOTE: This is an online-only column and has not been edited.
www.denverpost.com/hea...

Does Al Gore Finally Get It?

Michael

The Arctic has been ice free many times in the last 10,000 years alone. the ice cap on Mars is shrinking. Its a natural solar cycle.

we are being mislead by world-wide activist organizations and governments that global warming results from human activity.

That is false. "Nature, Not Human Activity, Rules Climate Change". A report by this title that can be downloaded from sepp.org


But we are running out of oil bi time and you are so right. This is the big problem.

there's tons of oil in America but Congress has locked it away.

Here is my transport energy plan; www.strategicnine.com/...

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....

What We Can Do To Reverse the Oil Crisis

America has untold billions of barrels of oil available that is owned by the people, all locked away by Congress.

Timeline Lies

Many shortsighted politicians dismiss the opening up of US moratorium areas with statements such as, “it would take decades to bring the oil and gas to market, so let’s not bother”. This a not correct.

Its simple to get new American energy supplies quickly, Appeal to Corporate Greed: If oil companies are given enough financial incentives, they will move much faster than anyone believes and could find and start producing new oil and gas within 2-3 years, then ramp quickly up to produce enough energy to completely replace oil imports within 10-12 years.

With gas prices reaching deeper into motorists' pockets, attitudes about offshore oil drilling are shifting even in normally greener-than-thou California, with a majority of individuals and elected officials advocating its expansion. July 1st, 2008; The number of Democrats who said they saw increased production as the top priority jumped by 16 percentage points since February to 46 percent. There has been a dramatic increase in a span of just five months in the support for energy exploration and production among groups that have traditionally championed conservation as being the answer to the country's energy problems.

Oil and gas prices that have doubled in the past year have squeezed aside the war in Iraq as the No. 1 issue this election year and both parties are blaming each other for the price spike -- and for apparent congressional paralysis. Both the candidates' own advisers -- admit none of their energy proposals will have any impact on $4 gasoline or $130 a barrel oil in the near term, or even the intermediate term.

Come November any candidate for any seat who does not wholeheartedly support developing America's own energy resources immediately, is likely to get hit by a virtual "voter rejection train", poetically loaded with imported $5 a gallon gasoline from Chavez, Iran and Russia.


Continued US drilling restrictions will further exacerbate the global demand-supply imbalance, and send “futures” prices even higher. If we tell the world today that we are launching an Energy-Manhattan-Proje... if that call is clear and unequivocal, then it will have an impact on the futures market and lower prices.

By imposing bans on leasing, and encouraging environmentalists to challenge seismic and drilling permits on existing leases, politicians ensure that we will never increase our proven reserves. In fact, reserves will decrease, as we deplete existing deposits and don’t replace them. The rhetoric is clever – but disingenuous, fraudulent and harmful.

The IEA warned governments not to blame speculators. It said: "Like alchemists looking for a way to turn basic elements into gold, everyone wants a simplistic explanation for high prices," bluntly adding: "Often it is a case of political expediency to find a scapegoat for higher prices rather than undertake serious analysis or perhaps confront difficult decisions."

See; www.strategicnine.com/...

Many Forces Converge to Lift Oil Prices

America could, over a ten year period, switch largely to electic cars powered by ultracapacitor batteries such as are being developed in San Deigo by Maxwell Technologies and NessCap Co et-al. they promise a 400 mile range, 5 minute charge time, with half the weight of convenional hybrid battery packs and essentially unlimited life. Of course none of the major car companies are investing in these start-ups, as the car cos are run by dodos.

To provide the extra electricity via the grid will require more power stations. Natural gas is the environmentally clean fuel of choice today and strategicnine.com has very large reserves available off South Carolina to fuel cheap, clean gas-power stations. Onshore unconventional gas explorers are also finding large reserves in shales and coal seams. Strategic nine and others could easily supply the natural gas to power millions of electric cars.

Clean power (NasdaqGM: CLNE) can turn the same gas into compressed natural gas (CNC) and also run your car. Virtually every taxi in Australia has been using CNG for 20 years now. The conversion is simple and cheap.

Natural gas can now be converted to gasoline.

Another company unoilgas.com has a claim over maybe 400 billion barrels or more of oil and gas in the Arctic Commons, just offshore from Alaska, enough to last America for 100 years or more.

America's transpotation energy problems have been potentially solved, just not implimented yet due to the human pot-plants at the helm in our gov't agencies and most major oil-gas corporations.