Drilling for Answers

The recent API (American Petroleum Institute) advertising campaign has stated that the USA has enough energy supplies to last for 60 years. That sounds great, at first. This lame public relations operation is slick deception. This deceptions goal is the subversion of resources that hold a greater value than any oil or gas. The food supply that is generated by coastal areas is worth more than 60 odd years of energy. The tourism aspect of coastal areas is worth more than the energy and food supply combined. I ask, is it worth jeopardizing the purity of the coastal areas for a small supply of oil? Consider the way energy is being consumed. Consider the rate of demand and the continuing rise of price. Even if we have 60 years of supply in the US, within 30 years the price will still be sky high due to peak energy supplies and growing international demand. Oil or energy is traded internationally. We would have to have Congress pass legislation for all oil to remain within the boarder of the USA. People seem to forget this and API never mentions it in their advertisements. They only want to shape our opinion so that they can skirt environmental protections, which in reality protect local economic foundations like fishing and tourism. The American Petroleum Institute should tell their viewers that even if they had access to drill where they wished, there would not be any immediate relief in price at the pump for years. People seem to think that there would be an immediate relief if we open up Alaska???s ANWAR. This is not the reality. People do not realize that even if Iraq were at full production, plus OPEC increases in output, and an increase in Alaska???s oil drilling the price on the world market would not move below 100 dollars per barrel. Why? Geo-Political Factors, the Value of the Dollar, Future increase in Demand, and Peak Oil Realities. With 60 years of domestic oil and natural gas there will still be outlandish prices for which consumers will have to deal with. Oil is a dead end energy source. The only way to free ourselves from foreign oil is to free ourselves from oil entirely. We must investigate if the energy companies have shelved renewable energy patents. We must investigate energy that is renewable, cheap, clean, and put it in the hands of all who require it. There is too much to loose if people can be energy independent, especially if the new technologies allow people to be independent of large energy corporations. Solar, wind, geo-thermal, bio-chemical and many other alternative forms of energy would allow people a freedom from the tyranny of submission to Big Energy. That may be the underlying reason why there are so many who wish to delay energy liberation for as long as possible. If I had invested trillions in oil infrastructure I would want to milk it for all it was worth, it is the bottom line that drives all motivation by any business. Why should it be any different for API and the bottom line they represent?

For all the money we would spend on clean coal or nuclear energy we could develop actual solutions like the multiple renewable forms of energy. The estimated amount of coal in the US is about 250 years. That number was tallied before anyone ever mentioned using coal reserves for gasoline. We use coal mainly for electricity. The use of coal for gasoline would drive up the cost of coal and possible cut the supply for electric use by half. This is not a solution. Instead it is creating a slow moving blood clot that will eventually reach the brain and end in stroke. Nuclear power is not any better. It is another non-renewable energy. Uranium supplies are estimated at around 150 years. The cost will continue to rise just as with coal or oil. Therefore nuclear is not a real solution either. You might ask, ???What are the solutions,??? there have been so many renewable sources of energy. Many are very creative. Like the use of Ocean currents, Ocean wave movement, Tidal movement, Wind, Solar, Biochemical technology and other Biological Engineering concepts show promise or are already in development and production. That is where our money should go. But the real solutions free individuals from being attached to large energy companies. Oh, that is just awful, for them, but liberating for us. Imagine a source of energy that will never go up in price due to the fact that it is renewable. I already have, can you?

Drill drill drill............................................................

KOOL-AID??????..From the kitchen of the obama sheeple!! take one heaping spoonful of an inexperienced elitist white male seeking self validation through exploitation of his african-american genetics. Combine two parts black liberation theology clerics spewing intolerance! With two parts of unrepentant intellectuals committed to the destruction of America. Stir in one cup of militant black wife harboring the overwhelming desire to stick it to whitey and one spoonful of typical white person grandmother mix well. Pour a gallon of anti-patriotism into tall glasses and sprinkle with naïve foreign policy ideations. Serve on a platter of meaningless oratorical hyperbole with a generous dollop of wealth re-distribution. Sprinkle liberally with zest of white guilt flip it and flop it till it tastes right. Serve large portions to the undiscerning and spellbound masses convinced that the Second Coming is upon America and now you have a complete recipe for disaster!

Economy is not going to get better for three years and inflation will be with us for at least 8 years.

Some of you who read my posts about investment banks driving up the price of oil through commodities futures trading did not believe me that this was a real issue, despite the fact that the Senate is investigating it. Well, it really is an issue and an important one, so important the the Department of Justice is going to investigate.

Today Senator Obama announced a plan today to crack down on excessive energy speculation and fully close the loophole in the CFTC regulations that I referred to in my blog. This loophole is also called the "Enron Loophole" because it was created by McCain Campaign co-chair Phil Gramm at the behest of Enron lobbyists, and exempts most trading on energy commodities from regulation. As a result, the CFTC is unable to oversee the oil futures market or investigate cases where excessive speculation is driving up oil prices. Just last month, John Hofmesiter, President of Shell Oil Company, says that the proper, uninflated production price of a barrel of crude oil is no more than $65.

http://www.financialpost.com/reports/oil-watch/story.html?id=532747

Clarence Cazalot, CEO of Marathon Oil, stated in November of 2007 that "$100 oil just isn't justified by the physical demand on the market - it is speculation on the futures market that is driving this."

http://money.cnn.com/2007/11/12/markets/oil_hundred/index.htm?postversion=2007111216

Larry Chom, Chief Economist of Platt's, states in a recent Businessweek article that speculation is adding at least $50 to the price of every barrel of oil. You can read this article in the May 13, 2008 edition of Businessweek, but it is no longer available on their website unless you are a member.

http://www.businessweek.com/bwdaily/dnflash/content/may2008/

To see what Senator Obama is doing to correct this serious problem and lower the price of gas and oil, go to his website:

http://my.barackobama.com/page/community/post/stateupdates/gG5Rzb

Now THAT is my kind of President! Sees the problem, and moves to fix it, while Bush and McCain are sitting on their hands.

Smart energy policies require foresight. Its sad that many American love their big cars and their low energy prices but lack the will to impliment a three pronged plan such as this one. Reduce demand, localize alternative energies (wind power is less economicalin the southeast) and build more American refineries. While you're at it, carbon cap and trade laws will make it less attractive to burn/iuse more GHG emmitting fuels . And that has kicked in already (Bush 2007 and Supreme Court v. EPS 2007).

As for "the price," there's always a price - not investing in mass transit all these years is costing us today. Allowing car manufacturers to build bigger and less fuel efficienct vehicles is costing us today. So, invest in solutions that have long term implication, rather than open up the Offshore oil fields. After all, whenthe seas rise in the next 50 years, the costal propoerty values will plumet anyway.

TYLER - The price of oil swelled to another record high Monday morning - before dropping back. It almost hit $140 a barrel - but then fell 25 cents. It appears - a recent increase in oil output from Saudi Arabia -- is not driving down crude prices. Former Speaker of the House, Newt Gingrich, who started a bipartisan group called "American Solutions for Winning the Future" held little back at the Texas Republican Convention. He wants to use American solutions to change to the U.S. energy policy.

Simply put - he's fed up with Congress: "The problem is not big oil or the foreigners," said Speaker Gingrich. "The problem is not the Saudis. The problem is getting Congress to do it's job." And that job, he says, is to start using the energy we have. "Congress outlaws every conceivable energy source," said Speaker Gingrich. Gingrich is making his case for domestic drilling by launching a campaign with Actor Chuck Norris, with the slogan: "Drill here, Drill now, Pay less." The campaign is urging Congress to do something now to bring down gas prices. Speaker Gingrich also has thoughts on speculators. "It's people who are betting the U.S. is too dumb to produce (its own oil)."


He sides with East Texas Congressman Louie Gohmert -- when it comes to speculators and drilling. "If you began selling off two million barrels a day...we can pump out of the Strategic Petroleum Reserve. It would immediately bring down the price of oil." Speaker Gingrich proposes selling off half of the reserve - now. "Do it suddenly..without telling anybody in advance and punish every speculator."The very speculators, he says, that are betting against America."

GO TO WWW.AMERICANSOLUTIONS.COM AND SIGN THE PETITION !!!

Yes , drilling is the answer. Or the US will 'bleed to death' economically. But on the other hand new green tech must quickly become available, meaning that the politicians must protect the 'child' in order to recreate a vibrant lean society. So taxation is needed for redistribution into the economy and to protect the US from collapse and a new oil dependency due to inertia. Commuting is wasteful and should be sharply reduced.

TYLER - The price of oil swelled to another record high Monday morning - before dropping back. It almost hit $140 a barrel - but then fell 25 cents. It appears - a recent increase in oil output from Saudi Arabia -- is not driving down crude prices. Former Speaker of the House, Newt Gingrich, who started a bipartisan group called "American Solutions for Winning the Future" held little back at the Texas Republican Convention. He wants to use American solutions to change to the U.S. energy policy.

Simply put - he's fed up with Congress: "The problem is not big oil or the foreigners," said Speaker Gingrich. "The problem is not the Saudis. The problem is getting Congress to do it's job." And that job, he says, is to start using the energy we have. "Congress outlaws every conceivable energy source," said Speaker Gingrich. Gingrich is making his case for domestic drilling by launching a campaign with Actor Chuck Norris, with the slogan: "Drill here, Drill now, Pay less." The campaign is urging Congress to do something now to bring down gas prices. Speaker Gingrich also has thoughts on speculators. "It's people who are betting the U.S. is too dumb to produce (its own oil)."


He sides with East Texas Congressman Louie Gohmert -- when it comes to speculators and drilling. "If you began selling off two million barrels a day...we can pump out of the Strategic Petroleum Reserve. It would immediately bring down the price of oil." Speaker Gingrich proposes selling off half of the reserve - now. "Do it suddenly..without telling anybody in advance and punish every speculator."The very speculators, he says, that are betting against America."

GO TO WWW.AMERICANSOLUTIONS.COM AND SIGN THE PETITION !!!

Michael Masters of Master Capital Management, LLC (a global investment management company) testified before the Senate Committee on Homeland Security and Governmental Affairs just a couple of weeks ago. Here are quotes from his testimony:

"Today, Index Speculators are pouring billions of dollars into the commodities futures markets, speculating that commodity prices will increase. In the popular press the explanation given for rising oil prices is the increased demand from China. According to the DOE, China's demand for petroleum has increasde in the last five years from 1.88 billion barrels to 2.8 billion barrels, an increase of 920 billion barrels. Over the same five year period, Index Speculators' demand for petroleum futures has increased by 848 million barrels. THE INCREASE IN DEMAND FROM INDEX SPECULATORS IS ALMOST EQUAL TO THE INCREASE IN DEMAND FROM CHINA. Index Speculators have now stockpiled, via the futures market, the equivalent of 1.1 billion barrels of petroleum, effectively adding EIGHT TIMES as much oil to their own stockpile as the US Government has added to the Strategic Petroleum Reserve over the last five years."

"The Senate has asked the question "Are Institutional Investors contributing to food and energy price inflation?" And my unequivocal answer is "YES." In this testimony I will explain that investment banks are one of, if not the primary, factors affecting commodities prices today. Clearly, there are many factors that contribute to price determination in the commodities markets; I am here to expose a fast-growing yet virtually unnoticed factor, and one that presents a problem that can be expediently corrected through legislative policy action..."

The US Commodity Futures Trading Commission is ASLEEP AT THE WHEEL. They are supposed to be protecting us form these kinds of abuses, but Bush has allowed loopholes in the CFTC regulations that you can drive a truck through. An oil truck, that is.

Here is a link to the Michael Masters' testimony before the Senate:
http://hsgac.senate.gov/public/_files/052008Masters.pdf

And here are two other articles on the subject:
http://www.informationclearinghouse.info/article20011.htm
http://globalresearch.ca/index.php?context=va&aid=9138

The resultant ideal sustainable population is hence more than 500 million but less than one billion." The Club of Rome "Goals for Mankind"

Paul Erlich Population Bomb "A cancer is an uncontrolled multiplecation of cells; the population explosion is an uncontrolled multiplication of people. We must shift our efforts from the treatment of the symptoms to the cutting out of the cancer. The operation will demand many apparently brutal and heartless decisions."

WE dont deserve to live anyway
"the most dangerous destructive selfish and unethical animal on planet."

Prince Phillip of Edinburgh
"If i were reincarnated i would wish to be returned to earth as a killer virus to lower human population levels."

David Brower First Director of Sierra Club
"Childbearing should be a punishable crime against society, unless the parents hold a government license."
All potential parents should be requited to use contraceptive chemicals, the government issuing antidotes to citizens chosen for childbearing."

Controlling energy agenda...the greens...no Alaska drilling.

One American burdens the earth much more than twenty Bangladeshis. This is a terrible thing to say. In order to stabilize world population we must eliminate 350,000 people per day. It is a horrible thing to say, but its just as bad not to say it." Jacques Cousteau

FOLKS DON'T BE FOOLED BY PAID BLOGGERS THAT WILL BEFREIND YOU AND LEAD YOU TO VOTE FOR OBAMA CHECK HIS VOTING RECORD AND SEE FOR YOURSELF ! HERE WHERE TO GO http://obama.senate.gov/votes/index.cfm?start=1...... IT IS FOR THE 109TH CONGRESS WHICH IS GOING ON RIGHT NOW

About the President's Hydrogen Fuel Initiative
It Will Overcome Key Technical and Cost Barriers
Lowering the cost of hydrogen: Currently, hydrogen is more expensive to produce than conventional gasoline. The President's Hydrogen Fuel Initiative seeks to lower that cost enough to make hydrogen cost-competitive with other fuels and technologies, and to advance the methods of producing hydrogen from renewable resources, nuclear energy, and coal (with carbon capture and sequestration).
Creating effective hydrogen storage: Current hydrogen storage systems are inadequate for use in the wide range of vehicles that consumers demand. The President's Hydrogen Fuel Initiative supports the research and development needed to overcome the grand challenge for hydrogen storage: to store the amount of hydrogen required for a conventional driving range (>300 miles), within the vehicular constraints of weight, volume, efficiency, safety, and cost.
Creating affordable hydrogen fuel cells: Currently, fuel cells are more expensive than internal combustion engines. The President's Hydrogen Fuel Initiative is working to reduce the cost and improve durability of fuel cells.
It Will Help Ensure America's Energy Independence
Through the President's Hydrogen Fuel Initiative, the Federal government, automotive and energy industries, universities, national laboratories, and others are working together to overcome the technological and financial barriers to the successful development of commercially viable, emissions-free fuel cell vehicles that require no foreign oil.
Federal Support Can Accelerate Development
Additional research and development is needed to meet consumer requirements and enable rapid commercialization so that hydrogen and fuel cell technologies can provide clean domestically-produced energy for transportation and other uses.
The DOE Hydrogen Program has made significant progress toward achieving R&D goals. As of 2007, the Program has:
Reduced the cost of producing hydrogen from natural gas from $5.00/gge in 2003 to $3.00/gge (2015 goal: $2.00/gge).
Reduced high-volume cost of fuel cells from $275/kW in 2002 to $107/kW (2015 goal: $30/kW).
Identified new materials with potential for high storage capacity (2015 goal: 300-mile range).
77 fuel cell vehicles and 12 hydrogen fueling stations demonstrated 53???58% fuel cell efficiency, 103- to 190-mile range, and 1350-hr durability (~40,000 miles) in 2007 (2015 goals: 60%, 300 miles, 5000 hours).
For more information on the President's initiatives, please visit the White House Web site.