The nerve of Obama’s Administration to regulate the amount of oil consumption Americans can use is outright obscene, and typical of the “elite’s way of thinking”! The absurdity is that Obama and his cohorts believe that, because they attended a top notch college, they are smarter than we are and so they know what we need better than we do.
Energy Secretary Chu was recently asked about lowering the cost of gas at the pump (see video below) but his answer was very unexpected. He said the goal is NOT TO LOWER the price of gas at the pump but TO BREAK AMERICAN’S ADDICTION TO OIL. In other words, the goal is to FORCE Americans to use alternative energy!
The attitude that GOVERNMENT SHOULD FORCE Americans off oil is wrong when there is so much untapped resources in the U.S. right now.
These oil resources are waiting to be tapped into, and will sustain our demand for 250 years. Nevertheless, Obama’s Energy Secretary said today that the goal is to stop using oil and coal. If you remember, Obama told us in several ways that gas prices will go sky high and it will be done according to the “Master Plan” that Obama and the elite follow.
According to a new report from the Institute for Energy Research, the United States has as much as a 250 year supply of oil in the form of 1.7 trillion barrels of recoverable oil. That’s an amazing figure, though to be fair the analysis is static assuming a constant 7 billion barrels per year consumption rate. As we know, the trend for oil consumption in America over time is generally upward.
Though, on the other hand, that estimate is based on “recoverable oil” which isn’t a static number at all. The term “recoverable oil” applies to oil reserves which can be tapped at a profit. Changing markets, and emerging techniques and technologies, make more oil recoverable all the time.
So suffice it to say that we have enough oil in America to meet American needs for a long, long time.
In addition to oil reserves, we have a 175 year supply of natural gas and a 500 year supply of coal (again at current levels of consumption which, obviously, vary).
Put simply, we probably have enough traditional energy to last the country for centuries when we take into account advancement in recovery techniques. So why in the world would we lower our standard of living, and bankrupt the national treasury, in pursuit of green energies that are expensive and unreliable and not ready to supply the nation’s needs?
This shouldn’t even be a debate. Let’s develop the resources we have, responsibly, and when technologies like solar or wind (or something else we don’t even know about) is ready let it compete on the market with these traditional energies.
Candidates say Obama “anti-energy” -wants higher energy prices.
Listen to what Obama says about this topic:
Democrats had a lot to say about the cost of gas under the Bush Administration
They said Democrats would bring down the price of gas. Either they were just dead wrong or they were lying to us to get elected. What do you think they meant?
Obama speaks of $12.00 a gallon for gas.
Uploaded by SHERIFTV on Jul 11, 2008 Transcript from Obama speech at Stivers today:
If Iran decided to shut down the petroleum-rich Strait of Hormuz tomorrow, they believe oil would skyrocket to $300-a-barrel in minutes, a price that one speculator predicted would result in $12-a-gallon gas.
Robert Hirsch, former senior advisor, says the world is running out of oil. If that was true, then why is there so much oil under the ground in the US? This statement is absolutely false. The US has untapped sources of fuel that will take care of the US for hundreds of years. By then, we should have alternative fuels ready to use.
2.5 Million March Onto Washington D.C.
The United States is sitting on the world’s largest untapped oil reserve. A natural resource that would not only mitigate the over $400 Billion sent overseas to other countries but could create untold millions of jobs and put the country on a sound financial footing.
The untapped reserves are estimated up to 2.3 Trillion barrels, nearly three times the reserves held by the OPEC countries and sufficient to meet 300 years of demand, at today’s levels — for auto, truck, aircraft, heating and industrial fuel, without importing a single barrel of oil.
Uploaded by Illtype on Jun 4, 2008
Robert Hirsch, former senior advisor for Science Applications International Corporation, sat down with MSNBC’s Alex Witt to discuss the possibility of an upcoming oil crisis. Hirsch says that gas could reach $15/gallon within a few years because it is “essentially certain” the world has reached the maximum levels of oil production.
“The problem is that there’s not that much oil left in the ground,” Hirsch says. “We’ve been very fortunate to have oil production increase as our economies have developed over the past decades. And now we’re reaching a point where we’re about to get, or we may be, at the maximum world oil production. After that, oil production will then decline and prices, of course, will continue to do what they’ve been doing recently. So what we’ve got today may be the ‘good old days.'”
The truth is, we are NOT low on oil. Of course, we could be out in a few decades from now. By then, we will have alternative resources without government interference. Leaving it up to the market, our need will be met.
Hirsch addressed the time frame in which the US could see $15/gallon gas: “It could happen within a matter of months. It could happen within a matter of a few years. But it’s essentially certain that we are at the maximum of world oil production. And after that, we’ll go into decline, and when there’s much less oil available, then, of course, the price of oil is going to increase dramatically.”
Fuels, heating oil, and consumer products that rely on petroleum will all be impacted by the decline in world oil production. Hirsch estimates the world GDP declining at the same rate as oil production. This video is from MSNBC’s News Live, broadcast May 24, 2008.
THIS IS STEVEN CHEW, SECRETARY OF — CHU SECRETARY OF ENERGY FOR THE OBAMA ADMINISTRATION, SAID — QUOTE — “WE HAVE TO …
WHAT WE REALLY NEED IS TO GET OUR GASOLINE PRICES AS HIGH AS THE PRICES IN EUROPE. NOW, THOSE PRICES ARE NOW APPROACHING $10 A BARREL. I SUPPOSE …
THAT PLACING ADDITIONAL ENERGY TAX BURDENS ON AMERICANS IS GOOD POLICY. AS THE PRICE OF OIL CLIMBS AND GAS PRICES FOLLOW, OUR BILL SAYS DON’T …
AND ENERGY INDEPENDENCE WERE RAISED REPEATEDLY AND CERTAINLY THIS IS NOT SURPRISING IN LIGHT OF THE HIGH GASOLINE PRICES WE’RE FACING TODAY. AS …
President Barack Obama’s Secretary of Energy Stephen Chu uttered the kind of Washington gaffe that consists of telling the truth when inconvenient. According to Politico, Chu admitted to a House committee that the administration is not interested in lowering gas prices.
Chu, along with the Obama administration, regards the spike in gas prices as a feature rather than a bug. High gas prices provide an incentive for alternate energy technology, a priority for the White House, and a decrease in reliance on oil for energy.
The Heritage Foundation points out that hammering the American consumer with high gas prices to make electric and hybrid cars more appealing is consistent with Obama administration policy and Chu’s philosophy. That explains the refusal to allow the building of the Keystone XL pipeline and to allow drilling in wide areas of the U.S. and offshore areas.
The consequences of the policy are not likely to be of benefit to the Obama administration. The Republican National Committee has already issued a video highlighting the spike in gas prices and the failure of the administration to address the issue.
Presidential candidate Newt Gingrich has issued a half-hour video touting an energy plan he claims would result in $2.50 a gallon gasoline. The plan is based on unfettered drilling for oil and gas instead of a reliance on green energy. Gingrich has also savaged Obama’s touting of algae based biofuel as “weird.”
Chu has likely highlighted an issue Republicans are going to pick up and run with. Americans are not going to be appreciative of schemes to hit them in the wallet so the American economy can shift togreen energy. Besides American traditional adherence to the free market, the idea of being fleeced by a deliberate government policy is likely to be greeted with anger.
Add into the mix green energy fiascos like Solyndra, and Chu might well have kindled a full blown scandal.
How the Obama administration reacts to the expected firestorm is open to question. Green energy is as part of its fundamental religion as is universal health care, another unpopular Obama policy. If it tries to bull ahead, the electorate will likely punish Obama and the Democrats. If it tries to backtrack, Obama looks weak and facilitating, and likely will still not appease gas strapped Americans experiencing price shock at the gas pump. By Mark Whittington | Yahoo News