The Energy Non-Crisis ~ So Many Lies From the Left and Rino’s

Massive Oil Deposit Could Increase US Reserves by 10 Times
“A democracy is we the sheeple. A Republic is We The People.”

The Video link is one hour and 15 min, I know everyone is busy. But if you get a chance to even have it playing in the background while you are online it is so well worth it. I watched the whole thing and for me it went so fast, because he kept it really interesting even shocking at times with information. I recommend it highly if you get a chance. — Wild Thing

The Video explains what is going on right now; to know why the price of gas is $4.00 to $5.00 per gallon, why it will go even higher, and why it could have been just $1.50 per gallon instead.

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For a LARGER version of this video if you prefer just CLICK HERE

From Powerline Blog

” I hadn’t realized, until the hearings on energy that were held this week in House and Senate committees, that the United States doesn’t have any big oil companies. It’s true: the largest American oil company, Exxon Mobil, is only the 14th largest in the world, and is dwarfed by the really big oil companies–all owned by foreign governments or government-sponsored monopolies–that dominate the world’s oil supply.”

“With 94% of the world’s oil supply locked up by foreign governments, most of which are hostile to the United States, the relatively puny American oil companies do not have access to enough crude oil to significantly affect the market and help bring prices down. Thus, Exxon Mobil, a small oil company, buys 90% of the crude oil that it refines for the U.S. market from the big players, i.e, mostly-hostile foreign governments. The price at the U.S. pump is rising because the price the big oil companies charge Exxon Mobil and the other small American companies for crude oil is going up.”

“This is obviously a tough situation for the American consumer. The irony is that it doesn’t have to be that way. The United States–unlike, say, France–actually has vast petroleum reserves. It would be possible for American oil companies to develop those reserves, play a far bigger role in international markets, and deliver gas at the pump to American consumers at a much lower price, while creating many thousands of jobs for Americans. This would be infinitely preferable to shipping endless billions of dollars to Saudi Arabia, Russia and Venezuela. “

“So, why doesn’t it happen? Because the Democratic Party–aided, sadly, by a handful of Republicans–deliberately keeps gas prices high and our domestic oil companies small by putting most of our reserves off limits to development. China is now drilling in the Caribbean, but our own companies are barred by law from developing large oil fields off the coasts of Florida and California. Enormous shale oil deposits in the Rocky Mountain states could go a long way toward supplying American consumers’ needs, but the Democratic Congress won’t allow those resources to be developed. ANWR contains vast petroleum reserves, but we don’t know how vast, because Congress, not wanting the American people to know how badly its policies are hurting our economy, has made it illegal to explore and map those reserves, let alone develop them.”

Source:
There are huge reserves in ANWR, according to the U.S. Department of the Interior there are more than 10 billion barrels that could be recovered for consumption and placement into the national strategic reserve. ANWR was set aside for this purpose by a Carter-era Democrat-controlled Congress, but we have yet to seriously tap into the ANWR reserves.
Then there are the American oil shale (kerogen) reserves, on the order of 2,500 gigabarrels, which is the largest known reserve of its kind in the world, enough to power the economy well into the 22nd Century.
And now comes word of the largest oil discovery in the continental U.S. in the last 38 years, enough to boost our already known reserve by a factor of 10. The earth beneath the states of North Dakota, South Dakota and Montana holds what is known as the Bakken Oil Formation. The Bakken Oil Formation holds 500 billion barrels of oil under 200,000 square miles of land. Based upon the information about to be released by the U.S. Geological Survey there is no reason at all for America not to be energy independent in very short order.
From Energy News
America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant.
In the next 30 days the USGS (U.S. Geological Survey) will release a new report giving an accurate resource assessment of the Bakken Oil Formation that covers North Dakota and portions of South Dakota and Montana. With new horizontal drilling technology it is believed that from 175 to 500 billion barrels of recoverable oil are held in this 200,000 square mile reserve that was initially discovered in 1951. The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present but with prices bottoming out at $10 a barrel back then the report was dismissed because of the higher cost of horizontal drilling techniques that would be needed, estimated at $20-$40 a barrel.
It was not until 2007, when EOG Resources of Texas started a frenzy when they drilled a single well in Parshal N.D. that is expected to yield 700,000 barrels of oil that real excitement and money started to flow in North Dakota. Marathon Oil is investing $1.5 billion and drilling 300 new wells in what is expected to be one of the greatest booms in Oil discovery since Oil was discovered in Saudi Arabia in 1938.
The US imported about 14 million barrels of Oil per day in 2007 , which means US consumers sent about $340 Billion Dollars over seas building palaces in Dubai and propping up unfriendly regimes around the World, if 200 billion barrels of oil at $90 a barrel are recovered in the high plains the added wealth to the US economy would be $18 Trillion Dollars which would go a long way in stabilizing the US trade deficit and could cut the cost of oil in half in the long run.

Wild Thing’s comment……..
I don’t think I have ever been this angry about anything. There is NO reason for any of this oil to be kept from being drilled except for the left ( democrats and that includes enviro American hating jerks ) and the rino’s.
This information is available to all of our leaders, to all those running for President and they still will not do it. Anyone that will not do what needs to be done should be kicked out of our government, dear God if that could only be possible!!
God help us these people in power want to destroy our country!!!!

……Thank you Rhod for the graphic

Thank you Melissa and LLoyd and Paul for this information, link to the information and the video link.