User21284

Atlas Energy: More 'Criminally Undervalued' Than Cramer Realizes

"the domestic enemies of the usa did not die with the soviet union . bankrupting our country is their goal; annoy them by supporting - drill now drill here. "

No amount of dreaming, wishful thinking, name calling and carrying the ball for the oil and gas lobby - promoted by the "drill here/drill now" guy Knut Gingrich or anyone else - will lead us to some fancied promised land where we can be the masters of our fate based on fossil fuels. And the notion that we can magically make use of oil locked up in Colorado shale conveniently ignores the environmental devastation (that's right, DEVASTATION) that would result from an undertaking similar in scope to that under way in Canada. This is the Colorado Rockies, not northern Alberta, where the moose and mosquitos play. As for drilling along the Santa Barbara coast, here's a thought ... let's first drill along Jeb Bush's Florida coast, and see how far that idea goes. The operative term here is NIMBY and, even if we could meaningfully close the gap between consumption and demand - which we can't - it wouldn't begin to solve the long-term problem that we, as a nation, have to get off the dime and get serious about energy alternatives to fossil fuels.

As to the "domestic enemies of the usa" - here's one whose comments are worth noting. This domestic enemy said:

" America has fallen well behind European nations such as Germany, Spain and the Netherlands that already reap huge percentages of their power from wind.

'We're very ignorant in this country about other forms of energy (than fossil fuels),' he said."

This domestic eneny of the USA went on to say that "the United States has 4 percent of the world's population and 3 percent of known oil reserves, but is responsible for 25 percent of world oil consumption.

That means the country spends $700 billion on imported oil each year, which will be unsustainable as prices keep rising.

And, he said, oil prices are unlikely to drop long-term because world demand of 86 million barrels a day exceeds the world's production of 85 million, which is about as high as the industry can go."

In other words, cut out the propaganda, bring a halt to the dead-end policies and wishful thinking that have brought us to this point and the American auto industry to the brink of financial disaster: get serious about a long-term national energy plan that will REDUCE our dependence on oil and natural gas - while using the far more domestically-oriented and cleaner natural gas as a bridge fuel, for some years to come.

And the "domestic energy of the USA" I've quoted is T. Boone Pickens.