Our Own Worst Enemy - US Oil Cartel
The scandal should be that politicians and environMENTALists are responsible for US energy dependence on the Middle East and other countries. We end up supporting enemies like Hugo Chavez, Saudi Arabia, Mexico, Egypt, Iran all through our purchase of oil. Some might argue with me that Mexico isn’t our enemy but our friend. Tell me what Mexico has ever done to demonstrate they are our friend other than hold their hands out for our hard earned tax dollars along with sending their citizens to illegally enter our country to suck off taxpayer dollars. Mexico is a parasite on the United States.
This is all because laws have been approved to prevent oil drilling on our own land and coasts.
Our Own Oil Cartel from Terence P,. Jeffrey:
In 2005, Congress passed the Energy Policy Act, requiring the Department of Interior to inventory the oil resources that could be found both onshore and offshore in U.S. territory. In February 2006, Interior’s Minerals Management Service (MMS) published the report on offshore oil resources on the Outer Continental Shelf (OCS). It determined there were 85.9 billion barrels of “undiscovered technically recoverable” oil sitting off our beaches.
Just this offshore portion of our undiscovered oil is more than all the proven oil in Venezuela, and more than all the proven oil in Russia, Oman, Qatar and Bahrain combined.
What does the government mean when it says this oil is “undiscovered technically recoverable” oil? It means we can go get it with off-the-shelf technology, but the government makes no judgment about the profitability of doing so. This oil, the government says, is “in undiscovered accumulations analogous to those in existing fields producible with current recovery technology and efficiency, but without any consideration of economic viability.”
Last month, with almost no attention from the liberal media, the Bureau of Land Management released the report estimating the other part of America’s undiscovered oil riches, the onshore resources. This added another 53 billion barrels to the national petroleum pot.
“The nation’s undiscovered oil resources total about 139 Bbbls (billion barrels),” says the report. “Of that total, the MMS estimates that 86 Bbbls are offshore under the OCS, comprising 62 percent of the nation’s resources. State waters and nonfederal onshore resources are the second largest potential source of production (21 percent), followed by Federal onshore oil resources (17 percent).”
Yet, as long as Congress and the president retain the federal moratoria that forbid most offshore drilling, the 85.9 billion barrels of crude offshore won’t be tapped.
The May BLM report explains why most onshore oil won’t be tapped, either. Of the 279 million acres of federal land “with potential for oil or natural gas resources,” 60 percent is off limits to leases as a matter of federal statute or administrative policy. Another 23 percent is open to leases with “restrictions.” These include such things as “lands that can be leased but ground-disturbing oil and natural gas exploration and development activities are prohibited” and “lands that can be leased, but stipulations … limit the time of the year when oil and gas exploration and drilling can take place to less than 3 months.”
A final 17 percent of federal land is open to oil drilling on more or less the same environmental terms as private land.
“All oil and gas leases on Federal lands, including those issued with only the standard lease terms, are subject to full compliance with all environmental laws and regulations,” says the report. “These laws include, but are not limited to, the National Environmental Policy Act, Clean Water Act, Clean Air Act, Endangered Species Act and National Historic Preservation Act. While compliance with these laws may delay, modify or prohibit oil and gas activities, these laws represent the values and bounds Congress believes appropriate to manage Federal lands.”
So if you’re really wondering why energy prices keep going up and up just look at our meddling politicians who are in bed with the environMENTALists. The environMENTALists are intent on destroying the US capitalist system using ridiculous insects or mammals as an excuse. There’s a nuclear plant sitting partially built in Tennessee because of one of these environMENTAL idiocies. There’s also coal in 38 states sitting untapped which could be gasified but the politicians would rather worry about a nonexistent global warming which is man made but it’s a man made farce.
It really is amazing to think about Ayn Rand’s Atlas Shrugged or The Fountainhead written back in the 1950’s. How prophetic was this author? Just think, the environMENTALists hadn’t even hit the scene yet but since they are in truth communists there isn’t much difference between the threat back in the 1950’s and today.
The Lieberman/Warner Global Warming bill is just another example of the stupidity of our politicians in attempting to destroy what has become a semi-capitalist system. In Tennessee our Senator say they are against this bill, but in reality, they aren’t. Lamar Alexander and Bob Corker just want to add amendments thinking if they tweak a horrible piece of legislation that will make everything okay. S.2191 may not be passed this session but believe it will be back in another form or shape. The media is one of the worst promoters for the demise of the US economy. There are very few reporters who actually report the news vs creating their own version of the news and fewer yet commentators who write the truth about the energy mess and it’s effect on the economy. Most in the media are socialists/communists in disguise. They’d rather see the average American under the thumb of government and will use any means to justify the results.





















