Tuesday, May 28, 2013

American Oil Boom

By Douglas V. Gibbs

The manipulation of prices in the oil market is ridiculous, but the Middle Eastern oil producers can do so at will because, with the exception of a few producers that, for the most part, are allies with the Muslim oil producers, they have dang-near a monopoly.  We just don't have enough oil to compete, we are told, so we are unable to even put a dent in the market.  That said, Islam enjoys massive riches from their oil production, the only resource the Middle East has, and with that wealth they fund Islamic terrorism, which is tasked with destroying the very countries that are buying oil from them.

In other words, we are funding our enemy by buying their oil.

The democrats claim that we need energy independence, so they tout green energy, but strangely oppose any push for domestic drilling, or something like the Keystone Pipeline, which would transport oil from the northern United States, and Canada, to our refineries in the south, and ultimately lead to our energy independence.

We must ask, "Why?"

If a new oil producer, one that could take a large share of the market and essentially enable the West to let go of the need to import Middle Eastern oil, were to emerge, not only would the Middle Eastern oil producers suffer, but the funding of the terrorism associated with the Islamic jihad would suffer, as well.

If we had enough oil to make an impact, and we went after it with domestic drilling and creating pipeline systems for transporting that oil, we could reduce the cost of energy, while also hurting the ability of our enemy to strike at us by cutting into the racket they use to fund terrorism.

Makes sense, right?

Such action would definitely be best for the country.

Here is where the difference between the Right and the Left emerges.  Conservatives in the United States stand on principles that they believe to be best for the prosperity, and security, of their country.  The liberal left uses a platform that is not best for the country, but one that is best for the party, and the ideology.

Which gives us a partial answer to why the Democrats oppose domestic drilling and the Keystone Pipeline, while pumping money into a failed green energy technology that they know is doomed to fail, in the first place.

They have to, if they want to keep getting money from the Muslim oil producing nations, and associated organizations, for their political endeavors.

In other words, the Democrats are selling our future as a nation out to money from an enemy that wants to destroy America.

And they call the GOP the party of greed!

The fact is, the United States has plenty of oil, and could make more than just a dent on the world market.  In fact, there is no other nation on the globe that has more energy resources than the United States does. We are absolutely swimming in oil and natural gas, and that doesn't take into consideration how much coal we have.  If there is such thing as peak oil (which I believe fossil fuels are actually renewable resources, so peak oil is a myth), then at current consumption rates, America has enough energy resources to completely satisfy all of its needs well into the 22nd century.

That means, if our resources did not enter the global market, we would not have to import a single drop of foreign oil.

Since the system is a worldwide market, then our oil would increase the world supply, and based on the dynamics of supply-and-demand, the price of oil would drop dramatically.

So whether we keep it for ourselves, or enter the global market, domestic drilling is a win-win situation for the United States.

The United States is an energy rich nation and new discoveries of oil and natural gas deposits are being made all the time.

The Democrats refuse to believe that, or at least refuse to let you believe that, and that is why they say things like Barack Obama's statement of fabrication:

“With only 2% of the world’s oil reserves, we can’t just drill our way to lower gas prices”

Jimmy Carter said pretty much the same thing:

“Unless profound changes are made to lower oil consumption, we now believe that early in the 1980s the world will be demanding more oil than it can produce”.
We have enough oil, and in fact so much oil that it is possible that if we began to produce oil domestically, we could actually tilt the oil-production-balance-of-power.  In fact, the very liberal BBC, has come to that very conclusion.

The BBC headline reads: US shale oil supply shock shifts global power balance.

The only thing stopping us, according to the article, are the environmentalists, who claim that "costs to the environment are too large."

The BBC calls our shale oil reserves a "steeper-than-expected rise", as if the oil just suddenly appeared, when in reality, this nation is sitting on enough oil to put even Saudi Arabia to shame.  It's just a matter of being willing to pull it out of the ground.

The article goes on to reveal that the writer believes that over the next five years, the US will account for a third of new oil supplies.

In other words, we could easily change our role from the leading importer of oil to a net exporter.  Our rise to becoming a significant exporter would hurt Middle-East oil producers, who, if you remember, manipulates the prices at will, and use their oil wealth to fund Islamic terrorism against the West.

Canadian oil sands production is also contributing to the "supply shock", which we could be tapping into if the idiots in Washington would be willing to go ahead with the Keystone Pipeline.

North Dakota, in fact, is in the process of enjoying an oil boom, using hydraulic fracturing (fracking) to access the more than 18 billion barrels of oil contained within the Bakken formation.

If we continue to increase domestic drilling, and if we can convince the federal government to back off and unleash the free market in these oil rich areas, the United States could overtake Russia as the world's largest gas producer by 2015, and become "all but self-sufficient" in its energy needs by about 2035 (according to the BBC).

The liberal left, who is what is holding up our domestic drilling and pipelines, through an environmental agenda that is based on pseudo-science and unproven assumptions, complains every time we enter the Middle East in a military fashion, calling such military excursions, "war for oil."

If the United States became a worldwide leader in oil production, we would never need to go to war for oil, so you would think they'd support domestic efforts regarding fossil fuel energy.

Logic, and common sense, unfortunately, doesn't seem to be a large commodity among the members of the liberal left.

-- Political Pistachio Conservative news and Commentary






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