Energy Crisis Is Postponed

– As new gas rescues the world … Burning rock, or at least the natural gas trapped within. Natural Gas is Methane, CH4, the lowest from of hydrocarbon. One of the distinct advantages of natural gas is it does not contain the impurities that is dissolved in and carried by oil deposits. So natural gas burns cleaner, by definition. It still emits CO2 in about the same proportions, but it does not emit the other pollutants that are contained in oil, after refining. There is only so much that can be done to filter out the pollutants.

Remember, CO2 is not a pollutant, no matter what the Supreme Court has to say about it. Does your breath kill, well maybe it might offend others but not kill. And the offense is the ‘other’ things contains in your breath, because CO2 is odorless and tasteless.

Oil shale is rock containing deposits of oil and is pictured above  burning.

No Oil For America, Oil For Brazil

UPDATE:

Soros Hedge Fund Bought Petrobras Stake Worth $811 Million
By Jeb Blount and Miles Weiss

Aug. 15 (Bloomberg) — Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro SA in the second quarter, making the Brazilian state-controlled oil company his investment fund’s largest holding.

As of June 30, the stake in Petrobras, as the Rio de Janeiro-based oil producer is known, made up 22 percent of the $3.68 billion of stocks and American depositary receipts held by Soros Fund Management LLC, according to a filing with the U.S. Securities and Exchange Commission.

One Campaign Promise Obama Kept: Shower His Friends with Money

END UPDATE:

Americans are right to wonder why Mr. Obama is underwriting in Brazil what he won’t allow at home.

Sarah Palin pummeled Team Obama over the news yesterday that they will fund Brazilian offshore oil development and research but deny US companies access to oil deposits off our shores.

The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.

The U.S. Export-Import Bank tells us it has issued a “preliminary commitment” letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas.

From Sarah Palin’s Facebook page, via Free Republic:

YOUR TAX DOLLARS HARD AT WORK: FIRST CARS, NOW FOREIGN OIL.

Today’s Wall Street Journal contains some puzzling news for all Americans who are impacted by high energy prices and who share the goal of moving us toward energy independence.

For years, states rich with an abundance of oil and natural gas have been begging Washington, DC politicians for the right to develop their own natural resources on federal lands and off shore. Such development would mean good paying jobs here in the United States (with health benefits) and the resulting royalties and taxes would provide money for federal coffers that would potentially off-set the need for higher income taxes, reduce the federal debt and deficits, or even help fund a trillion dollar health care plan if one were so inclined to support such a plan.

So why is it that during these tough times, when we have great needs at home, the Obama White House is prepared to send more than two billion of your hard-earned tax dollars to Brazil so that the nation’s state-owned oil company, Petrobras, can drill off shore and create jobs developing its own resources? That’s all Americans want; but such rational energy development has been continually thwarted by rabid environmentalists, faceless bureaucrats and a seemingly endless parade of lawsuits aimed at shutting down new energy projects.

I’ll speak for the talent I have personally witnessed on the oil fields in Alaska when I say no other country in the world has a stronger workforce than America, no other country in the world has better safety standards than America, and no other country in the world has stricter environmental standards than America. Come to Alaska to witness how oil and gas can be developed simultaneously with the preservation of our eco-system. America has the resources. We deserve the opportunity to develop our resources no less than the Brazilians. Millions of Americans know it is true: “Drill, baby, drill.” Alaska is proof you can drill and develop, and preserve nature, with its magnificent caribou herds passing by the Trans Alaska Pipeline System (TAPS), completely unaffected. One has to wonder if Obama is playing politics and perhaps refusing a “win” for some states just to play to the left with our money.

The new Gulf of Mexico lease sales tomorrow sound promising and perhaps will move some states in the right direction, but we all know that the extreme environmentalists who serve to block progress elsewhere, including in Alaska, continue to block opportunities. These environmentalists are putting our nation in peril and forcing us to rely on unstable and hostile foreign countries. Mr. Obama can stop the extreme tactics and exert proper government authority to encourage resource development and create jobs and health benefits in the U.S.; instead, he chooses to use American dollars in Brazil that will help to pay the salaries and benefits for Brazilians to drill for resources when the need and desire is great in America.

Buy American is a wonderful slogan, but you can’t say in one breath that you want to strengthen our economy and stimulate it, and then in another ship our much-needed dollars to a nation desperate to drill while depriving us of the same opportunity.

- Sarah Palin

Coal To Liquids

Coal to liquids, a technology for producing liquid transport fuel from coal — Used by Germany in the second World War, often based on the Fischer-Tropsch process. Not heard of this? Well why do you think that is, given America’s drive to be free of foreign oil, you would expect … But not get.

BILLINGS, Mont. — A Canadian company is acquiring the Australian energy firm that has proposed a $7.4 billion coal-to-liquids plant on Montana’s Crow Indian Reservation.

The Australian Energy Co. last year signed an agreement with Crow leaders to develop an estimated 900-million-ton coal reserve on the reservation.

Now Vancouver-based Terra Nova Minerals Inc. is putting up an undisclosed sum of money for the Australian company — a transaction described as a “reverse takeover” that will leave Australian Energy executives in key leadership positions.

Australian Energy chairman Allan Blood will retain his title, and company shareholders will control 67 percent of the new entity, called Great Western Energy Inc. Terra Nova CEO Willie McLucas will be Great Western’s president.

The deal must be approved by shareholders.

I wonder why America, with about 25% of the world’s known coal supplies doesn’t do this? Probably the same reason we don’t drill for our own oil — Democrats and their warped view of the world.

Hey if the AP knows, you would think everyone would.