Theodore's World: The Energy Non-Crisis ~ So Many Lies From the Left and Rino's

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June 09, 2008

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.


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."


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.

Posted by Wild Thing at June 9, 2008 02:50 AM


Screw the caribou and Pave the whale...NOW!
Enough is F'N ENOUGH!!!

Posted by: darthcrUSAderworldtour07 at June 9, 2008 04:07 AM

Colorado has shale oil! Plenty of it, too!
Enough is enough, you're right, Darth. Time for us
to take the Caribou by the horns and shake it for all it's worth.

Posted by: Lynn at June 9, 2008 05:26 AM

Quite eye opening!
I listened to the vid and I could not believe what I was hearing! There are already rumblings of wanting to dump the dollar in place of the Euro. This is not good news!

Posted by: Melissa In Texas at June 9, 2008 07:31 AM

For every $1 profit in the first quarter 2008 Exxon Mobil paid almost $3 in Taxes.

Over the past 25 years, Oil companies paid more than $2.2 Trillion in taxes to federal and state governments. not including property taxes, and onshore royalty payments.

On average, 15% of the cost of gasoline at the pump goes for taxes, while 4% represent oil company profits. This is from U of M professor Dr. Mark Perry.

Congress blames big Oil for extreme profits, price gouging and just plain greedy. In truth Congress doesn't have a clue of what goes on in the business world. Congress doesn't have a clue how to make one drop of energy, if they can't raise taxes they pout and keep looking for some way to raise taxes The solution Congress came up with in the 'Cap and Trade bill' would punish big business with more taxes. It would raise the price of gasoline a buck and a half, immediately, which of course would punish the average consumer.

Our government need a high colonic to clean out the Sh*t in it's system. Starting with the Senate.

Posted by: Mark at June 9, 2008 07:52 AM

Bra-VO! Chrissie. Great job on listing the info. Well presented. You took the 'elephant' of informaton and broke in up in good bite size chunks. Let us continue as 'we the *people' in concert with one another to make sure this "Republic" works the way our Founding Fathers intended.

Drill. Drill. Drill!

Posted by: LLoyd at June 9, 2008 10:37 AM

I have to agree with all of you guys. When they go sport fishing off of the coast of Florida and see Chinese oil rigs, when we are in need of food and corn is being used to make ethanol, when there are power shortages in Boston and Ted Kennedy won't allow windfarms in the Nantuckett Bay because he goes yachting (and dumping fuel into the bay) there, they still won't wake up to the reality. I have not been out yet this morning but the lowest price for regular gas in our area was $4.179/gallon. Pretty food shortages will be meaningless because people won't be able to afford to buy gas to go shopping for groceries.

Posted by: Bob at June 9, 2008 11:32 AM

America could be energy independent, gas could be cheap and the dollar could reign supreme. But, our career politicians want to control us, so they put unrealistic restrictions on our energy companies, then blame the companies.

This is socialized globalization at work. Weaken America so that it is not the most powerful country. Equalize the nations of the world so that a few powerful interests can rule us all.

The next president is going to be the worst since Carter. We will be taxed to the max and government restrictions will be enacted that Americans fifty years ago would have rebeled at. It would not surprise me if we soon have gas shortages and rationing.

Posted by: TomR at June 9, 2008 12:15 PM

Atlas Shrugged says it all!!!!!!!!!!!!

Posted by: John at June 9, 2008 12:34 PM

Years ago my Father told me about this book he was reading,"The House of Saud"basicly he said
what it boils down to is what ever Chevron wants
Chevron gets!!We should have seen the writing on the wall in "73" when the Arabs shut off the Oil
but no we blew a 35 year head start on the problem.Hedge funds have a huge effect on the price of oil,how much do you think Soros made after oil dropped 5 dollars a barrel and then
spiked at 138 and change,10,20, 30 Million in say
5 or 6 hours.I have said it before, a Senate and Congress can make the Prez toe the line and as for Worse than Carter we have one thing in our favor the internet and it works it comes down to
a Lynyrd Skynyrd song "How Bad Do you Want it!!

Posted by: Tincan Sailor at June 9, 2008 02:04 PM

The quote of Exxon a small oil company raised a
major red flag!!! Here is a listing from companies

With the ever rising cost of motor fuel in most countries around the world, more and more attention has been focused on the largest oil companies in today's market. Many people are not entirely certain what are the largest oil companies in the world today.

Before turning to focus directly on the largest oil companies in the world, it is interesting to look at the top ten largest corporations of all varieties in operation in the world today. The top ten corporations in the world today, the ten largest corporations in the world today are:

Exxon Mobile
Wal-Mart Stores
Royal Dutch Shell
General Motors
Toyota Motor
Ford Motor
there is a fox in the hen house and it's not a
small player!!!!!!!!!!!

Posted by: Tincan Sailor at June 9, 2008 02:43 PM

I think that the time is right, with $4 per gallon of gas and going up, for all voters to daily grill all political candidates and politicians on why they complain and demagogue about the price of oil but arrogantly refuse to tap the vast oil and gas reserves that we have.

John McCain and Barack Obama should be forced every day and every campaign stop to explain why we aren't drilling in ANWR and off the Atlantic and Pacific coasts.

Fred Barnes of the Weekly Standard lays it on the line very well in the following article.

Let's Drill
Monday, May 19, 2008

"New technology also means the coastlines would not be marred by unsightly oil platforms. Drilling now goes miles deeper to capture oil once out of reach--and much farther offshore. The moratorium doesn't take this into account. It blindly bars drilling for 200 miles off the Atlantic and Pacific shores."

"The United States is virtually alone in treating offshore production as taboo. Great Britain and Norway drill off their coasts without polluting the North Sea. Brazil has achieved energy independence not only by ethanol use but also by expanded offshore oil production. China is now drilling at Cuba's behest in waters halfway to the coast of Florida."

Posted by: Les at June 9, 2008 05:29 PM

Darth, I agree 100%, enough is enough. This maddness has to stop.

Posted by: Wild Thing at June 9, 2008 06:28 PM

Lynn, I wish everyone in our country could see this information. Maybe just maybe there would be enough outrage.

Posted by: Wild Thing at June 9, 2008 06:32 PM

Melissa, oh my gosh that would be next. Thanks Melissa for the information.

Posted by: Wild Thing at June 9, 2008 06:35 PM

Mark, thank you so much for that added information. I am learning a ton of stuff about all of this I never knew before.

Posted by: Wild Thing at June 9, 2008 06:38 PM

LLoyd, thanks again.

I wish all the blogs would post this information, then send it to the media too and the talk shows etc. I sent to to several talk shows.

Posted by: Wild Thing at June 9, 2008 06:41 PM

Bob, I heard on a talk show and I can't remember which one. The guy said the windfarms are being complained about from the enviro and animal people because they are killing birds and dangerous to birds.

Posted by: Wild Thing at June 9, 2008 06:44 PM

Tom, I think your right about the plan to do that to our country. I keep telling myself how fortunate we have been to grow up when we did because America is going to be changing so much and not in a good way.

Posted by: Wild Thing at June 9, 2008 06:47 PM

John they are making a movie of that book.

Posted by: Wild Thing at June 9, 2008 06:48 PM

Tincan Sailor, thanks for sharing abuot your dad and the book and what he said. Also for the information.

Posted by: Wild Thing at June 9, 2008 06:51 PM

Les, thanks for the article and the link.

Posted by: Wild Thing at June 9, 2008 06:54 PM

June 8, our gas was $4.179/gallon. When I went out yesterday our lowest was $4.319/gallon. A 14 cent per gallon increase overnight. Osama Obama was on the news yesterday saying he would put a windfall profits tax on Exxon. Their solution to the problem they have created is to tax our way out. These people have to go. In every aspect of our lives they create a problem where there is none and "fix" it by creating more and deeper problems.

Posted by: Bob at June 10, 2008 06:56 AM

The tax the Oil companies pay is figured into the
pump price Joe public pays,so we actually pay their tax for them.A friend of mine had an ARCO
AM/PM Mini mart,ARCO took 15% off the top of every dime the store made plus the charge for fuel needless to say he dumped ARCO and went indpendent.They make 85,86,87,88,90,and 92 octane,why??all cars made in the last 10-15 years fine on 87.So to cover all the bases make
just 88 and one clean air blend then you free up
the refineries to make more faster About 3-4
months ago Mechanics illistrated had a V-DUB 3
CYL.DIESEL straight rail injection 75 MPG it
runs faster than most 4 cyl cars and lots of
6 cyl's and it runs cleaner than most cars on the
road today and that includes some Hybrids,so why
don't we have it here,it's called politics...
another pain in the pocket book is zone pricing
next to a freeway or better neighborhood the higher the price which is pure crap... as for spell check ,AAAAARRRRGGGGGHHHH...

Posted by: Tincan Sailor at June 10, 2008 12:11 PM