On Tue, 22 Jul 2008 21:36:00 -0700, Raymond wrote:
> On Jul 15, 9:03 pm, "Liberals Oil Drilling Lies Debunked Again"
> <DemocrapLi...@[EMAIL PROTECTED]
> wrote:
>> "Raymond" <Bluerhy...@[EMAIL PROTECTED]
> wrote in message
>>
>>
news:53e1cd97-998b-40fb-945c-bb75226bd2f4@[EMAIL PROTECTED]
>> Oil Companies Should Drill on Land They Already Have
>> Opinion Editorial to the Herald-Leader
>> By Ben Chandler
>>
>> ==============
>>
>> LOL! Another imbecile democrap tat thinks there is Oil under every foot
of
>> land that exists in a lease area.
>
> Oil, oil everywhere,but not the will to drill
> The U.S. has the untapped reserves to become energy independent; it's
> up to Congress to act
>
> By James Reinmuth
>
> For The Register-Guard
> Published: July 20, 2008 12:00AM
>
> A June 6 column by George Will states that the United States has
> sufficient oil reserves to meet our domestic needs, but lacks the will
> to retrieve it. As usual, Will do***ented his claims carefully, but
> because his premise defies what most media accounts have re****ted, I
> decided to conduct my own research on a broad range of issues
> associated with today's high oil prices. What I have discovered is
> enlightening.
>
> Consumption assumptions
>
> Where do we get our oil?
>
> Everyone has heard endlessly that the United States relies too much on
> im****ted oil. At present, America im****ts about 60 percent of the oil
> and petroleum products it consumes. Canada is the largest supplier of
> oil, and is currently providing about 1.8 mbd of the oil we consume.
> In fact, the top five ex****ting countries (Canada, Saudi Arabia,
> Mexico, Nigeria and Venezuela) account for 68 percent of our crude oil
> im****ts. Saudi Arabia's oil fields are declining, but Canada has
> substantial oil reserves that will allow it to sustain a daily
> production of 2.7 mbd for the next 200 years. We are Canada's largest
> customer for oil; more than 95 percent of Canada's oil ex****ts are
> ****pped to the United States.
>
> Our crude oil im****ts currently total about 10 mbd, with half of that
> amount supplied by OPEC countries (some of whom don't like us). Due to
> insufficient refinery capacity in the United States, we also im****t
> another 2 mbd of finished petroleum products such as gasoline blends,
> jet fuel and specialty oils for the chemical industry.
>
> On the domestic side, the production from Prudhoe Bay, the Gulf of
> Mexico and the continental United States supplies currently about 5
> mbd, down from 6.5 mbd in 1996. Most of the decline in domestic
> production is due to dimini****ng returns from Prudhoe Bay. Liquefied
> natural gas provides an additional 1.8 mbd, while ethanol and other
> sources generate the remaining 1.2 mbd consumed by our domestic
> economy.
>
> Recently, Chevron Oil discovered a giant reserve 175 miles off the
> coast of Louisiana that Daniel Yergen, chairman of the consulting firm
> Cambridge Energy Research Associates, calls the largest in the United
> States since the discovery of the Prudhoe Bay reserve in 1968. Yergen
> estimates that the new Chevron discovery contains as much as 15
> billion barrels of recoverable oil that could provide 1 mbd or more
> within six years.
>
> Will points out that a lack of resolve by Congress leaves untouched
> known reserves of 10.4 billion barrels of oil in Alaska's Arctic
> National Wildlife Reserve that would now be delivering 1 mbd if in
> 1995 President Clinton had not vetoed legislation to permit drilling
> there. The ANWR reserves are especially attractive because ANWR is
> adjacent to the productive Prudhoe Bay, Kuparuk, and Sourdough oil
> fields on the northeast coast of Alaska.
>
> Also disqualified by Congress are nonpark federal lands in the West
> and off our coasts that contain an estimated 112 billion barrels of
> recoverable oil, enough to provide gasoline for 60 million cars and
> fuel oil for 25 million homes for 60 years. These same off-limits
> lands contain an estimated 635 trillion cubic feet of natural gas,
> enough to meet the needs of 60 million American homes for 60 years.
>
> With the proper leader****p in Wa****ngton, we could replace most, if
> not all, OPEC im****ts with domestic oil where it is known to exist
> within and around our borders.
>
> A promising domestic source
>
> On April 10, the U.S. Geological Survey released a field re****t about
> the Bakken Formation, a large stretch of land covering parts of
> Montana, North Dakota and Saskatchewan. The re****t estimates that
> between 3 billion and 4.3 billion barrels of oil can be recovered from
> Bakken. While this new field may be less than half the size of the
> known oil reserves in ANWR, it is more attractive than ANWR because
> the Bakken Formation's location will require less infrastructure
> investment to trans****t the crude oil to refineries.
>
> The USGS describes the Bakken Formation as the largest continuous type
> of oil ac***ulation it has ever *****sed. Although the Bakken deposit
> was first discovered more than 50 years ago, its oil reserves have
> been difficult to extract with conventional drilling technologies.
> With the use of new technologies such as horizontal drilling, industry
> experts believe the Bakken reserves can now be extracted relatively
> cheaply.
>
> Lynn Helms, director of North Dakota's Department of Mineral
> Resources, said of the Bakken Formation reserves, "This thing is
> absolutely huge. It's going to be slow, sustained oil production that
> can last a century or more."
>
> Extracting, refining and trans****ting the oil will require enormous
> investment by oil companies licensed to drill in the Bakken Formation.
> Chances are that we may soon see the first new oil refinery in 30
> years located in North Dakota.
>
>
http://www.registerguard.com/csp/cms/sites/dt.cms.sup****t.viewStory.cls?cid=124271&sid=5&fid=1
> -------------
>
>
>> ****ing imbecles. I bet you think every Gold Cccclaim staked has a
>> motherlode of Gold under it too. If it did , every gold miner would be
a
>> billioniare.
OK. The play was "use it or lose it". That's real simple. If there is
no oil there then cancel the #$)$^$&* lease. That is __**ALL**__ the
legislation said. The point is that there probably is oil in a great deal
of that area, but the oil companies will not make huge profits from it as
they will if they can get the Republicans to just __**GIVE**__ them the
oil in the ANWR. The large companies want to keep other (smaller)
companies from drilling those areas and providing that oil to the market.
And that is the game they will play as long as they can get away with it.
The Republicans, of course, are thinking about all that campaign money and
direct brides they will get for the _giving_ that ANWR oil to the
multinationals.
--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org/extend
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