How long will Americans tolerate the myth???
Scarce oil, or Obama Accounting Defect
Why the lies? Another way to look at it, if you don’t accept the fact that government accounting was and is defective (and who wouldn’t) it is important to Obama’s failed green energy programs and how much the taxpayers will have to pay for the catastrophic failure … But never mind. The truth is far easier to understand than the obfuscation. We are awash in oil. It’s just in oil shale and oil sands. Do you know what the Keystone XL is for? Turns out the pipeline is for delivering the Canadian oil sands oil to Gulf State refineries. And what is this weird “Canadian oil sands”?
Simple answer, the Canadians are already making use of their oil sands, and want the pipeline to get the oil to refineries.
Ever been out in western Colorado? I have, it’s a terrible, sticky mess. Ever walked around in the squishing oil? Yep it’s the same stuff they are ‘mining’ in Canada and now want a marketing outlets for the oil.
When he was running for the Oval Office four years ago amid $4-a-gallon gasoline prices, then-Sen. Barack Obama dismissed the idea of expanded oil production as a way to relieve the pain at the pump.
“Even if you opened up every square inch of our land and our coasts to drilling,” he said. “America still has only 3% of the world’s oil reserves.” Which meant, he said, that the U.S. couldn’t affect global oil prices.
It’s the same lying rhetoric President Obama is using now, as gas prices hit $4 again, except now he puts the figure at a mythical 2%.
“With only 2% of the world’s oil reserves, we can’t just drill our way to lower gas prices,” he said. “Not when we consume 20% of the world’s oil.”
The claim makes it appear as though the U.S. is an oil-barren nation, perpetually dependent on foreign oil and high prices unless we can cut our own use and develop alternative energy sources like algae.
When nothing could be a bigger lie — The U.S. Awash In Oil
Back to Obama and his lies — the figure Obama uses — proved oil reserves — vastly under counts how much oil the U.S. actually contains. In fact, far from being oil-poor, the country is awash in vast quantities — enough to meet all the country’s oil needs for hundreds of years.
As and aside from the oil discussion, hen it comes to coal, the lowest cost fuel, the USA has 30% of the world’s know reserve, according to the government EIA.
Right now, the U.S. has 22.3 billion barrels of proved reserves, a little less than 2% of the entire world’s proved reserves, according to the Energy Information Administration. But as the EIA explains, proved reserves “are a small subset of recoverable resources,” because they only count oil that companies are currently drilling for in existing fields.
When you look at the whole picture, it turns out that there are vast supplies of oil in the U.S., according to various government reports. Among them:
- At least 86 billion barrels of oil in the Outer Continental Shelf yet to be discovered, according to the government’s Bureau of Ocean Energy Management.
- About 24 billion barrels in shale deposits in the lower 48 states, according to EIA.
- Up to 2 billion barrels of oil in shale deposits in Alaska’s North Slope, says the U.S. Geological Survey.
- Up to 12 billion barrels in ANWR, according to the USGS.
- As much as 19 billion barrels in the Utah tar sands, according to the Bureau of Land Management.
- Then, there’s the massive Green River Formation in Wyoming, which according to the USGS contains a stunning 1.4 trillion barrels of oil shale — a type of oil released from sedimentary rock after it’s heated.
- The Bakken formation is still being explored, it’s expected to yield the U.S. Geological Survey says an estimated mean undiscovered volumes of 3.65 billion barrels of oil, 1.85 trillion cubic feet of associated/dissolved natural gas, and 148 million barrels of natural gas liquids in the Bakken Shale Formation of the Williston Basin Province, Montana and North Dakota.
So who knows, there is still the ability to easily do what the NAZIs did in WWII, that is convert coal to diesel fuel, just google “Coal to liquids”. And when you find Coal can be converted through proven, existing modern technology into clean, zero-sulfur synthetic oil and oil products at a cost of approximately $35 per barrel – compared to the current world price of about $107 per barrel for oil. You will understand.
Silly isn’t it, that America lets Democrats lie to them, while you pay $4 a gallon every day. All we need is the political will to force the issue.
As a participant of defeating the global warming hoax, I know a few tricks, which is for the most part, the truth and nothing but the truth.