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House Of Cards: The World’s Future Hinges On Oil

March 2, 2011 by  

House Of Cards: The World’s Future Hinges On Oil

(Part one of a two part series on oil and the crisis in the Middle East)

At the intersection between peaceful prosperity and a global Jihad stands the House of Saud.  They are the ruling Royal Family of Saudi Arabia, only a few generations removed from their tribal Bedouin forefathers. 

Some 10,000 princes control the world’s single largest oil reserve, nearly 300 billion barrels in all.  Yet the Saudi Kingdom has been America’s energy vanguard. However, in the past four weeks more mayhem has occurred in the Middle East than happened during the previous four generations.

In the last month Tunisia and then Egypt fell under the weight of political dissent and the wireless revolution.  Just as revolt spread across Eastern Europe 20 years ago, political unrest is a contagion in greater Arabia and has now infected Bahrain and Libya.  Neither is as politically significant as Egypt, yet both carry far more weight when it comes to the world’s most important resource — oil. 

Last week crude oil surged more than $10 per barrel.  On Thursday it reached the $103 per barrel threshold that has not been seen since 2008.

It was no coincidence that as oil prices rose last week, stock prices fell.  By mid-week the Dow had lost nearly 500 points from where it opened the week and, unless the Middle East is stabilized, Dow 12,000 may be just a happy remembrance.

Global markets certainly seem fragile in the wake of rantings by Libyan strongman Muammar Gaddafi.  His defiance was reminiscent of Hitler’s final days in the bunker.  Fortunately, Libyans don’t fear Gaddafi the way Germans feared Hitler so the Marines won’t have to land on the beaches of the Mediterranean. 

That doesn’t mean that Gaddafi can’t force a bloody civil war onto Libya, which is Africa’s No. 1 oil producer.

Late last week, Italian oil giant Eni, the largest foreign oil company in Libya, said production in the country is being shut down due to ongoing violence. 

Eni produces about 250,000 barrels a day from Libya, which has total oil output of 1.6 million barrels per day. The largest oil firm in the country is the government-run National Oil Corporation. It reports that production is grinding to a halt.  This erases roughly 2 percent of the world’s current oil supply.

Some have tried to calm the markets saying that Saudi Arabia will resume its role as the world’s historical swing producer and will match any falloff resulting from the revolution in Libya.  Not so says Barclays.

"Firstly, the grades and quality of crude available from Saudi Arabia is likely to be different from Libya," says Suki Cooper at Barclays Capital.

Cooper points out that Libya has extremely lightly graded oil which is cheap and easily refined into gasoline. Even Saudi Arabia has heavier oil than Libya. As a result, Libyan oil cannot be easily replaced by oil production from anywhere in the world.

According to Cooper:

“Libyan crude is sweeter, with CPC Blend and Azeri Lights likely to feel the shortages. Effectively, West African crude should receive a higher bid from the Med, with the ultimate effect likely to be seen via a widening in the Brent-Dubai spread, as prompt supplies of Brent-related crudes [SIC] remains the issue.

"Also, the time taken to bring those Saudi barrels to the market is likely to be significantly longer compared to the ongoing Libyan production. Thus, the concept of a barrel for barrel replacement is not a correct one.

"Ultimately, the overall significance of the situation in Libya is more than just about lost barrels. It continues to inject a huge amount of uncertainty in the oil market especially for the medium term, as destabilisation (sic) in the Arab world, home to the world’s largest oil and gas reserves and production, is of extreme significance."

There is a much bigger problem thatBarclays doesn’t address. It is a question the energy world is afraid to even touch on. 

It is the fact the Saudi Arabia’s oil fields have been bled down over the past five decades.  Pressure inside the giant oil domes of Saudi Arabia have fallen drastically since the early 1980s and the House of Saud cannot simply open up the oil taps the way it used to every time Arab unrest raised its ugly head. 

The Saudis have hundreds of oil reservoirs. Yet 90 percent of the country’s oil production comes from only five fields, and all of them were discovered before 1966. The largest is Ghawar, an oil field so large that its production accounts for about 60 percent of all Saudi Arabian oil output. The giant Ghawar Field stands out as the region’s crown jewel.

Ghawar was discovered in 1948 and production started two years later.  In 1981 it reached a peak of 5.7 mb/d. That is almost 1 mb/d more oil than is produced in all of the United States.

Since its discovery, Ghawar has produced more than 55 billion barrels of crude. No one is sure exactly how much crude the Ghawar Oil Field still contains. The evidence suggests that official oil reserve claims have been vastly inflated. It is almost certain there’s not as much oil at Ghawar as the Saudis say. And for an oil-hungry world, that is bad news. But it gets worse.

Mixing Water With Oil

In Saudi Arabia, seawater is injected into oil fields to increase pressure and stimulate production.

Currently, only 30 percent of the oil in a reservoir can be extracted. But injected water increases that percentage — known as the recovery factor — and maintains the production rate of a reservoir over a longer period of time. As the volume of water that is lifted along with the oil increases the volume of oil decreases proportionately until eventually what flows out of the reservoir is almost pure water and the field is no longer worth operating.

The national oil company of Saudi Arabia and Ghawar’s operator is currently injecting nearly 8 million barrels of sea water each day.

It will be decades before Ghawar is abandoned.  But the field can no longer do what it once did — increase output during periods of political instability and soaring prices.  The Saudi safety-net that was Ghawar no longer exists.  The greatest oil elephant the world has ever known is dying. 

Thirty years ago Saudi Arabia could and did ramp-up oil production as high as 14 mb/d.  To meet the current loss in Libya and the uncertainty in the rest of the Persian Gulf 14 mb/d is what it would take to sooth the oil markets.  But regardless of prices or pressure from Washington, the House of Saud will have a tough time keeping oil production above 10 mb/d this year.  Over the short-term that means $100-plus per barrel of oil.  Over the longer term, Saudi Arabia has a much bigger problem than the fact that its wells are running dry. 

As Libya burns and protests erupt in Bahrain, Saudi princes are not fretting about how much oil their country will pump.  They are worried if their blood is about to flow.

Action To Take

Unless you own stocks whose business it is to discover or deliver real assets, sell them immediately.

Yours in good times and bad,

John Myers
Editor, Myers’ Energy and Gold Report 

John Myers

is editor of Myers’ Energy and Gold Report. The son of C.V. Myers, the original publisher of Oilweek Magazine, John has worked with two of the world’s largest investment publishers, Phillips and Agora. He was the original editor for Outstanding Investments and has more than 20 years experience as an investment writer. John is a graduate of the University of Calgary. He has worked for Prudential Securities in Spokane, Wash., as a registered investment advisor. His office location in Calgary, Alberta, is just minutes away from the headquarters of some of the biggest players in today’s energy markets. This gives him personal access to everyone from oil CEOs to roughnecks, where he learns secrets from oil insiders he passes on to his subscribers. Plus, during his years in Spokane he cultivated a network of relationships with mining insiders in Idaho, Oregon and Washington.

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  • Michael J.

    “At the intersection between peaceful prosperity and a global Jihad stands the House of Saud. They are the ruling Royal Family of Saudi Arabia, only a few generations removed from their tribal Bedouin forefathers.”

    In other words Mr. Myers, the Saudis have gone from camels to lear jets in just a generation or two. Without our help, they would still be cooking meals over camel dung fires. Instead of gratitude, they hate us and will soon own us.

    It’s not even a matter of the billions of dollars sent their way, but the national security threat posed upon us in the here and now.

    Solution? Drilling here and drilling now as the major part of an all of the above energy strategy. Utilize domestic energy now before it’s too late, while researching alternate energy means. Start yesterday only if last week is impossible, while striving to make solar panels more efficient. Build safer nuclear power plants while investigating the feasibility of off shore hydro turbines placed in the gulf stream.

    http://www.youtube.com/watch?v=FsvwBPNvo3A

    What sort of president wouldn’t see this as an immediate necessity, unless his agenda didn’t include fixing the problem? What if from his viewpoint, everything was already proceeding as planned?

    • John Myers

      Thank you Michael,

      You wrote: “Solution? Drilling here and drilling now as the major part of an all of the above energy strategy.”

      I AGREE 100 PERCENT!

      Michael, please read Part-two next week about oil and America’s “immediate” future.

      We have it in Alaska in ANWR. We have the Bakken Shale Formation, in Montana and North Dakota. We have the Gulf of Mexico. And we have billions of barrels of shale oil in Alberta.

      Michael, I am a duel citizen (I was born Canadian but became a U.S. citizen in 1999 after living Washington State for 18 years. Canadians and Americans are family. History has shown they will fight and die together to preserve freedom. The Middle East may be in revolt but the United States and Canada are unified.

      Finally Michael, thank you — and to our our readers who take toime to comment.

      Sincerely,

      John Myers

      • Denniso

        Mr Myers…this might be the first time I’ve read one of your columns and not read a diatribe against Obama or Democrats…amazing!

        • Michael J.

          Stay tuned, it’s still early.

        • Vigilant

          Denniso, that was a backhanded compliment and gratuitous insult if I’ve ever heard one. You just couldn’t resist, could you?

          • Denniso

            It was an observation,not a compliment, and I doubt that he would think it one either.

          • Vigilant

            So now the not-so-smart propagandists are calling insults “observations.” Not surprising, considering the source.

          • Denniso

            Boy,oh boy!! What a searing insult I directed at Mr Meyers…wow. I wonder if he will recover from such a mean and nasty comment.

            I wonder,Vigilant, have you read anything else on this site so you have some perspective on what are really mean and hate filled insults and name calling directed at anyone who doesn’t agree w/ most of the rightwing baloney and paranoia?

        • Firefly

          Well, Obama and the Democrats are doing nothing to help us be energy independent. They want us all to be riding donkeys. That is why they will be replaced as the world continues to deteriorate under their watch.

          • Denniso

            Let’s use up all our oil as soon as we can…don’t conserve,don’t use wind and solar…then we’ll be entirely dependent on foreign oil w/in 50 yrs. Sound good and smart?

          • Jana

            Denniso,
            Why can’t we utilize the resources we have right now, AND AT THE SAME TIME, create new and better ways to use other types of energy without causing an economic crisis?

          • Denniso

            Oil prices are soaring now because of the unrest in the middle east,and that’s what happens w/ a ‘free market’. There is no oil shortage and it is speculators pushing up the price. Of course it will hurt the economic recovery we are in now,but all the people involved in the oil industry are thrilled w/ their increasing wealth,aren’t they. Misery and death in the middle east equals huge profit increases for oil men.

      • Carlucci

        I read an article a few years ago in Vanity Fair magazine about all of the oil that is in Nigeria. The article said about 1/3 of the oil being imported here to the USA was coming from that country. The article made it sound like there is oil all over Nigeria, especially in the swamps, where you only have to go about three feet down and there is plenty of sweet crude.

        I was wondering if this is really true, as I never hear anything about Nigeria when I read about oil production. It all seems to center around the Arab world.

        • eddie47d

          We receive 1,024 barrels of oil per day from Nigeria. In 2009 it was 776 barrels. That makes them our #4 importer in oil.Nigerian oil is closer to the surface so easier to extract. Libya sends us only 0.05% of our oil.

      • WayneT

        I don’t think Obama wants to drill for oil. According to what I had read on the USGS (United States Geological Services) website, the area Mr. Myers described in his article, alone, has between 3.15 to over 4 billion of oil. We have great amounts oil in Alaska, and all along the Gulf States and yet this presdent is dragging his feet. Over the last two years, I have heard the president say he he is against nuclear, coal, and oil energy. He want solar and wind power. We all want a cleaner planet, but not at the expense of making this country a second rate country. Folks, I don’t ever believe that solar, and wind power will ever be enough to sustain our energy needs. What will happen on a cold, cloudy windless day. We will all have to stay in bed, or under blankets trying to stay warm until the sun shines, or the wind blows again. It is ludicrous to think this will sustain our energy needs. Pluse, we have hundreds of byproducts, asphalt being one of them, which comes from oil that we use everyday Most people do not even realize that oil is the origin of a lot of byproducts w use everyday. I seriousl believe that Obama, for some unknown reason, is deliberately trying to destroy our economy to weaken this country. I feel the American People should rise up, and demand that the president allow drilling in this country. We, the people, have the power to do this if we would only demand it. I feel if gasoline gets costly enough that people will rise to the occassion of demanding that we do more drilling. When we elect the next president in 2011, we should only vote for some one who has the mental capacity to realize this country needs to drill. This would put a lot of people back to work again. It would put more money in the hands of our own people to spend more money in this country instead of shipping it over in a foreign country who only cares about our money.

        • http://Illinois'17th Old Henry

          Wayne:

          We could run a pipeline from the White House and Capital Hill to all the colder climes in the U.S. On cold cloudy windless days we could then pipe all the HOT AIR from those buildings to heat our buildings in the cold areas.

          You are correct, Der Fuhrer is working furiously to destroy our economy and our country. That is what he campaigned on, ir you were bright enough to listen.

          You are also right about all the “ancillary” products made from oil. However, asphault will be of no issue because we will not be driving any cars on the roads because there will be no gasoline.

          Shingles is another big user of petroleum. However, once again that will probably be of no consequence as Der Fuhrer will have us all living in sod huts like his half-brother in his native land of Kenya.

          I think your keyboard made an error. The next election is 2012, not 2011.

          • http://?? Joe H.

            Old Henry,
            Do you use anything plastic? If there’s no oil you won’t! do you useany lubricants? Machining oil? That doesn’t even scratch the surface of what oil is used for!

          • Firefly

            Just 20 months, if the country doesn’t fall apart or the unions bosses don’t start rioting by then.

      • get right

        John Myers, maybe you should check the Canadian polls. IPSOS shows that 77% believe they should end combat in Afghanistan as of Aug, 5,2010. In addition 68% feel that Canada will comprise too much to get a Perimeter Security Agreement with the US. Doesn’t sound like those Canadians are too happy with our policies. Maybe you have been gone too long or you would know that they want to pull out of Afghan and leave us by ourselves.

    • Warrior

      Michael,

      I think the answer is…. the same guy that wants to double the debt in ten years? Now, there’s leadership you can believe in!

    • karolyn

      Why would you say the Saudis hate us? We have always had friendly relations with that country.

      • TIME

        Karolyn,

        Ever been there?
        Until you have, all you have is worthless rhetoric as Intel. And please do keep in mind that your elected officials represent you, not you represent you. Thus what ever you think is not whats being sold.

        Please wake up.

      • Michael J.

        Karolyn,
        Remember that big smoking hole in the middle of New York City? That was made by Saudi terrorist who hate us.

        • Al Sieber

          M J., wasn’t 15 of the supposedly 20 hijackers from Saudi Arabia? if so what are we doing in Afghanistan?

          • Michael J.

            Al Sieber,
            15 of the 19 were Saudi nationalist working for Al Qaeda under the leadership of Osama Bin Laden who was hiding out in the mountainous regions of Afghanistan, but then you already know all that.

          • Dale on the left coast

            Al . . . I know . . . it’s really tough when you come into the movie LATE!!!

      • AMJ

        Remember 9/11? The Saudis were the ones to take out the 2 towers and make a try on the White House & Pentagon. The Saudis may be our allies, but the people do not like Americans.

        • Al Sieber

          AMJ, then why didn’t we invade Saudi Arabia?

          • http://Illinois'17th Old Henry

            Al:

            As my fuzzy memory recalls, Bush aided some of the Saud family “escape” from the United States via their private jet during the national no fly period.

            As an aside I recently purchased, and watched, a DVE pertaining the collapse of the 3 buildings on 9/11. It was done by a structural engineer who lays out the process of why the planes did not on their own bring down the two main towers and why Building 7 (?) came down.

            It was VERY thought-provoking.

          • Al Sieber

            Henry, that’s the way I think also.

        • karolyn

          “The” Saudis? I think not. It was a few fanatics. Do you have anything to backup your contention that the Saudis hate us?

          • TIME

            Yes, go there.
            If you can’t figure it out in less than one hour, there is either something wrong with your abilitys to grasp hate, or your on heavy meds.
            As a woman you would not be allowed to go out with out being covered from head to toe. You as well could not drive nor be around people from SA.
            You also can not speak unless spoken to, and your answer must be direct, no rambling, its Yes or No.

            As well you must never show your face, only your eyes.
            So Karolyn can I sign you up for a fun filled vacation to SA today?

          • Jana

            Time,
            You are so right.
            I have a friend whose husband went there to work for an American Company and they had a compound where the Americans lived. Of course since he was going to be there a few years she went with him.
            The wives or daughters could not even go to town unless they were escorted by a man.
            One of the Saudi men from her husbands work escorted 5 of the wives into town. They got back at noon but the Saudi man who acted and dressed American, did not get back to work till after 3 in the afternoon. They asked him what took him so long and he replied he had to go home and clean himself as he had set next to a dirty woman.
            My friend happened to be that ‘dirty woman’ and she said I wasn’t dirty. I had taken a bath just before we left. But the Saudi’s consider women dirty as well as possessions.
            The Saudi’s are our friends all right, as long as we keep paying them to be.

          • http://Illinois'17th Old Henry

            TIME:

            “You also can not speak unless spoken to, and your answer must be direct, no rambling.”

            If only we could figure out a way to apply this comcept to our politicians!

          • get right

            Jana, sounds like what the repubs want to happen here. Now in Ga, a repub senator wants to make it illegal if a women has a miscarriage.Hey it only took until 2010 for us to get a law for equal pay. I’m sure the repubs will try and repeal that one too. Saudia will also face the same problems in the middle east as they have a ruling elite (like the U.S.) and the poor in that country will probably rise up in rebellion. People all over the world want a fair chance at making a decent living. The unequal distribution of wealth world wide is forcing revolts.

      • Bert Cundle

        You don’t know what the Bush Family did to the M.E.! You have too much faith in Propaganda!

      • Carlucci

        karolyn – the Saudi government tolerates us, and anyone else from the West. They do not like us. I know. I lived there for a few years.
        One of the first things we were told in our orientation class (my husband and I worked in a hospital) was to never go downtown on a Friday (which is like Sunday to us). If you did, chances are you would be rounded up by the mutawwa (religious police), and forced to go to the town square to watch the executions (beheadings). They would grab little western kids and their parents and push them to the front so they would get the best view.

        They are, in the worst sense of the word, barbarians. They are most definitely NOT our friends.

        • Jana

          Carlucci,
          My girlfriend lived over there about 15 to 20 years ago. She was not allowed to go to town unless escorted by a male. Has that changed?

          • Carlucci

            Jana – We were there from ’87 to ’90. We lived on one of the nicest compounds in Riyadh. Because it was a hospital compound, there were lots of single female nurses that lived there. There were shuttle buses available every morning and evening six days a week that went to the grocery stores, the mall, souks, etc. It was best for women to travel as a group, and no male presence was required (except that the bus drivers were men, of course, but they were not Saudis). My husband was on medical staff and had free access to a fleet of 17 cars that were provided by the hospital. He just had to reserve a car in advance if he wanted one, and the gas was provided free (when we were there gas was about fifteen cents a gallon). I never went anywhere off compound by myself because at the time I was 32 years old, with fair skin, blond hair and blue eyes, which is a huge turn-on to middle eastern men. My husband would usually go with me after hours if I wanted to go to the mall or the gold souk downtown (which was an amazing place). A Saudi male escort was not necessary, at least where we lived.

            I would also like to add that the Saudis were considered to be the biggest hypocrites by all cultures who lived there. The Saudis were the ones who would get off the airplanes roaring drunk (they weren’t traveling on their own country’s airline as alcohol was not served on Saudia Airlines). They were also the biggest customers of prostitutes, judging by the western prostitution rings (mostly Swedish women – again, their blond fixation) that were popular in the kingdom. I remember landing in Cairo and watching all the Saudis on board my plane running into the liquor stores from customs.

          • Jana

            Calucci,
            My friend didn’t say a Saudi man had to excort her, but maybe this was either the rules of the company her husband worked for, or by the husbands themselves as it wasn’t safe for a woman to go by herself. She just said they had to have a male escort.
            She moved away last year and I have lost track of her sadly.

      • WayneT

        Karolyn, I had a brother stationed in Saudi Arabia for 13 months. He talked about how barbaric they were to their own people. If you would steal something they would cut off one hand on the first offense. If it happened a second time (I seriously doubt it would though) they would take off another hand. These folks only love your money. A lot of the hijackers came fromSaudi Arabia. Enough said.

      • Vigilant

        karolyn, I have to agree with you (for the most part).

        Our relationship with the Saudis has been, historically, one of the closest relationships we could have in the ME. The stability of this realtionship, much like the relationship we had with Egypt, kept the oil flowing and served as a buffer during times when OPEC decided to put the squeeze on us. Friendly relations with Egypt served to keep the lid on the pot as far as regional rivalries and unrest were concerned.

        The Saudi hijackers were working for Bin Laden, as has been pointed out. The Kingdom of Saudi Arabia has not been a sponsor of state terrorism, the main reason why Bin Laden was kicked out of the country in the first place.

        On the other hand, Wahhabism is a Saudi phenomenon, and it was the Saudi monarch who gave refuge to these fundamentalists in the 1960s. The radical members of the Muslim Brotherhood are Wahhabists.

        So, it’s a mixed bag.

        • Vigilant

          And, in answer to some of the “barbarian haters” above, consider that if we did business with only those nations who don’t hate us, we would fuel our horse-drawn vehicles with oats and corn, not gasoline.

          • Jana

            Wow Vigilant,
            Your own words paint who you are.
            Barbarians? Their life style is totally different than ours. Their treatment of women is to us very wrong. But YOU are the one who came up with the word “Barbarians”.
            YOU are a typical liberal trying to put words in other people’s mouth, but instead you labeled yourself..

          • Vigilant

            Jana says, “Your own words paint who you are.
            Barbarians? Their life style is totally different than ours. Their treatment of women is to us very wrong. But YOU are the one who came up with the word “Barbarians”.
            YOU are a typical liberal trying to put words in other people’s mouth, but instead you labeled yourself..

            Get a grip, Jana. Let me quote Carlucci’s earlier posting: “They are, in the worst sense of the word, barbarians. They are most definitely NOT our friends.”

            (1) I was not the one who came up with the word “barbarians.”

            (2) No one, least of all myself, is justifying their life habits and culture. Had you any reading comprehension abilities, you would have seen that my point was this: we have to deal with a lot of unsavory characters in this world, and carping about their cultural habits, as distasteful to our sensibilities as that may be, won’t get us one drop more of oil from them, but it could very well get us considerable barrels less.

            (3) If you’ve paid attention to my postings, you’d know full well what my political leanings are, and to call me a liberal because now and then I agree with one clearly does NOT make me one. If your definition of “conservative” includes not listening to reason when and where you find it, then I am not a conservative.

            Everyone who’s familiar with my postings can tell you that.

          • libertytrain

            Vigilant, while not all of us agree with every bit each of us says, to call you a liberal is certainly not something I would do after reading your posts for some time now. :)

          • Al Sieber

            Vigilant, I agree with you, I never thought you vaguely resembled a liberal.

          • http://?? Joe H.

            Jana,
            I have posted you for quite a while here and have agreed with you most of the time. I have to split from you on this one. I have been here since 2009 and vigilant and I have conversed many times here and if his postings are ANY indication, he isn’t anywheres near a liberal!! I think you understand I wouldn’t say that if I didn’t believe it!!

          • Jana

            Vigilant,
            I did go through and read your other postings and indeed there is no way you are a liberal.
            Thank you Joe H and Libertyrain for setting me straight and for backing Vigilant.
            I was responding to the rudeness of your statement “And, in answer to some of the “barbarian haters” above, …..” It was not one of your finer statements, which in turn provoked not one of my finer moments.
            I apologize for calling you the dirty name of ‘liberal’.

            You also stated in your rebuttal,
            (2) No one, least of all myself, is justifying their life habits and culture. Had you any reading comprehension abilities, you would have seen that my point was this: we have to deal with a lot of unsavory characters in this world, and carping about their cultural habits, as distasteful to our sensibilities as that may be, won’t get us one drop more of oil from them, but it could very well get us considerable barrels less.

            Carping? Excuse me, but we were having a discussion about their be-headings and how they treat women. I know good and well what we said they know is true and has not got anything to do with the fact that we might get more or less oil from them.
            You may be a very nice guy, but the way you came across was rude, and we did NOT deserve to be called down by you.

          • Vigilant

            Jana,

            TRUCE!

            Please accept my apologies. I tend to get a little heated sometimes, and being called a liberal just toasted me.

            The last thing we want as conservatives is to get into an “uncivil war.” That would suit the libs just fine.

          • Jana

            Vigilant,
            I agree. Truce.

        • Carlucci

          Saudi Arabia also gave refuge to Idi Amin from Uganda, who was one of the worst tyrants who ever lived. After he was ejected from Uganda, he lived in comfort and style in Jeddah, which is like the riviera of Saudi Arabia.

      • Firefly

        More like despise, than hate. They need us for protection, first from Iraq but mostly from Iran, but they hate that they need us.

    • JR

      Drilling here and now?

      Wrong!

      Think about it, the only reason the price of oil is going up is criminal manipulation on Wall Street. If the Government really wants to keep oil low (something I believe is just lip service as every one of them has they’re fingers in the oil pot) all they have to do is curb speculations.Take oil out of the speculative market and it will take care of itself and stabilize a lot lower capitalism works fine without speculation and gambling on wall street.

      The problem with using our God given resources now, at a time where it is still plenty to be had elsewhere, is that we will use it up and then our kids and grand kids will really be slaves to the world after it is depleted.

      The only people pushing for drilling now are either to ignorant to see the big picture,
      Corporate criminal greed that does not care about the future of this country and our kin and lastly personal greed by people that think that the price for gas will come down if we produce more locally (a big fallacy as long as speculation on wall street is continuing)and thus, for the own personal greed they are willing to sacrifice the future of this country.

      To me, it is incredible that most people that push for the exploitation of our oil fields at this time, also call themselves patriots.

      • Bert Cundle

        Our Grand Kids WILL BE INSLAVED to One of the Dogmatic Religions! Whitch one… hasn’t been decided yet!

      • s c

        J, America can’t afford to hug trees, waste time trying to create a utopia or rely on people who are not patriots (99% of all Washington politicians). People who “think” the way you do don’t help.
        You should have been born 120 years ago in old Russia. You would have fit in just fine there, and if you were lucky enough to survive WWII, you would have been able to compare and contrast Lenin’s ‘ideas’ with Stalin’s ‘results.’
        On a good day, you’re a dreamer. You have a tough time separating reality and fantasy. Thank God, you aren’t a politician. America has all of the incompetence and incompetents it needs (assuming that we ever needed any).
        Up the rebels! Down with utopianism and all of its many evil forms. Reality rules. Fantasy is its own reward.

        • Jana

          sc,
          Very well said!

        • Carlucci

          That was excellent, s.c. Good on ya – !

          • eddie47d

            SC is only being condescending and is the one who doesn’t have a clue. Most of what JR said was correct.

        • Dan az

          Really Eddiee can you prove that?

          • JeffH

            Dan az…now that’s a novel idea…proof!

          • eddie47d

            Dan; Criminal manipulation from Wall Street has created several high’s and low’s in many markets. World Markets have their “keepers” who drive prices on any given day.

      • Aix Sponsa

        JR, have you ever even heard the term OPEC? You need to understand what it is and how it works.

        • http://purple50.org Gregory Zorn

          Jr. is correct, OPEC only benafits from the Wall Street speculators pushing prices heigher.

      • chow

        You can not curve speculations, it’s business. You’re just envious at people who has money to invest and you don’t. If I had the money I’d buy oil futures too as much as I can and hold it to sell at a higher price and hell with the rest of you scumbags that can’t afford it and rely on the guvment to steal it from me.

        • http://Illinois'17th Old Henry

          Chow:

          Are you a Wisconsin teacher?

      • WayneT

        Maybe the administration is getting paid off for letting the price of oil go high. You could be right. If you remmeber, Obama did bow to the Saudi Prince.

        • http://Illinois'17th Old Henry

          Wayne:

          A Chi Ka go gangster being paid off? Hard to believe…

      • Vigilant

        JR,

        “To me, it is incredible that most people that push for the exploitation of our oil fields at this time, also call themselves patriots.”

        Just out of curiosity, what is your feeling about nuclear energy? eddie, I’d like your take on that subject too.

        • Al Sieber

          Vigilant, I agree that Nuclear Energy is safe, you never heard of one of our ships or aircraft blowing up or radiation leaking etc……

          • Vigilant

            Al, it’s got to be one of the safest forms of energy available. The Tschernobyl disaster was due to the archaic and unsafe construction of the plant by the Soviets.

            Coal mining, oil drilling, and even deaths from building hydroelectric dams have claimed more lives in each industry than nuclear has done, anywhere.

      • http://?? Joe H.

        JR,
        It was estimated not long ago that there is enough oil in the US and Canada to fuel both for the next 150 to 200 years. Please tell me how that will effect your grand children? Unless you expect to have them at 1bout 120 years old!

      • Firefly

        The few dimes gasoline has gone up is speculation, anyone with a few thousand bucks can do it, but when gasoline is TEN DOLLARS A GALLON in a few years, it will not be specualation, but because the spending of money we don’t have by cities and states, and most of all by the Federal Government has caused the dollar’s value to drop dramatically. It is the spending (and the printing of money) that is making it all worth so much less. I only hope the price doesn’t go over TEN DOLLARS A GALLON in a few years because that will result in food going up just as much, and that isn’t speculation, just sad reality.

    • Robin from Arcadia, IN

      Michael J. I agree! Drill here and drill now! That doesn’t mean we have to stop looking for alternative sources. But our dependence on oil is making this a necessity and we can’t afford not to.

      • Bruce D.

        I agree. Drill here and drill now. Too much wealth is leaving the country. Also work on everything including natural gas.

        • http://Illinois'17th Old Henry

          Bruce:

          And think of the jobs drillin / exploring HERE would create. Remember the Alaska pipeline?

          • Vigilant

            And the Gulf of Mexico? Obama and his EPA stooges have already killed jobs down there.

        • WayneT

          I agree, Bruce. Now how can we get the rest of the population to realize this, and go to Washington and march on the president’s door step to demand his resignation, or a recall?

          • Bruce D.

            The rest of the country might begin to get it when gas reaches $5 a gallon and all our wealth has been siphoned out of the country. There is not much hope for the left getting anything. They are content with government growth, mandates, and control because they believe all the answers come from taxing somebody other than themselves. I hope we do not have the meltdown that people predict. There is no hope if the left get their way.

          • Richard Pawley

            Bruce, we will likely have gasoline at $5 a gallon by next year, certainly by the following year but there is always hope. God or our founding fathers (or both) gave us the country and the Constitution but we have tried to get something from nothing out of it. We have tried to get others to support us. In LEAVING SOUTH CAROLINA (my autobiography) I mention how I overheard of guns being sold to rebels who were trying to overthrow the evil dictator Batista in Cuba when I had a paper route as a young teenager. I thought it was a great idea at the time. Little did I know that our government supported that dictator because we were so afraid of communism and that once he was gone Cuba would be even worse off. That’s almost a joke now that we have so many socialists in the government now and so many Democrats (and even a few Republicans) look upon socialism as a good thing for the USA. What is coming is great change, a once in 500 year change. It will be good for some and bad for others. You may not understand it but if you get close to God you may begin to see the good side of the chaos that is coming. Much to much to try to tell you here, but there is always hope. It’s just that the purpose of life is not bigger and better toys or mansions. That is going to go out of necessity but if you begin to learn the purpose of life, which Jesus told a woman in England about 80 years ago, was ‘but a parenthesis, in a sentence, in a paragraph, on a page of the book of your life. Birth opens the parenthesis, death closes it…” (from GOD CALLING, edited by A. J. Russell) well you will begin to be on a different plain of existence and realize that all that we experience here is put a parenthesis and is a part of growing. There is so much more. Those who know God well enough to trust Him will be so much better off in the chaos ahead. Wish I could say it better but I’m tired and must rest. Never give up hope. God is still in charge, even though the One World Governance types like George Soros think they are, but do begin to prepare for what is coming, because you will see food tripling in price in the future and there will be shortages, and you will save a lot of money, and maybe even your life, and that of others. Do not make the mistake of doing nothing because you can’t do a lot. Begin with what you can and learn to think like a pioneer who had no supermarket, but never give up hope. Just hope in the right things, many of which have become alien to some who call themselves Americans. We used to know a lot more than many know today and that IS sad. May God bless you. He already loves you more than you know.

          • Bruce D.

            Richard thank you for your sincerity and concern. Actually I think hope was not a good word for me to use as it implies that without it I would have personal hopelessness. That really was not what I was trying to convey. I post mostly for the idealism of a Constitutional Republic and to clarify in my own mind what my thoughts are on the subject. I am not at a personal level of needing hope or falling into hopelessness. I believe in cause and effect and that we can direct our lives in such a way that determines our own future even under poor condition. I would agree with you that hopelessness is more of a spiritual disease. “Where there is life there is hope.” As the saying goes.

    • mark

      The Greedy American is adicted to oil. If every Greedy American would cut back oil consumptiom by 25% it would be a good start. We need to get off oil. Drive less. Car-pool, ride a bike , mass transit, alternative energy.Sorry but the days of cheap oil are over.

      • Jana

        mark,
        Then put your own words to action and you walk or bicycle everywhere you go. That goes for your wife too if you have one. If she needs to go out at night she walks or takes her bike.
        I notice you have a computer, but you need to get rid of it because the plastic is a by product of oil, and it takes electricity to run it which also uses oil to get it to you. I have done a study on that one. So of course you need to conserve on electricity so get off the computer and turn your thermostat to off, and go out and cut by hand your own wood to heat your home. Then, and only then you can tell us how we need to conserve. Follow your own advice!

        • Jana

          Mark,
          The way you talk you don’t appear to like Americans. What are you, a Muslim? That is how you sound. Are you even here legally? Since we are so greedy and you don’t like us why are you here?

        • http://Illinois'17th Old Henry

          Heat with wood? That would involve cutting down trees!!!

          He could heat with dried cow dung, but then that involves having cows who are flatulant and destroy the planet!

          I am having trouble typing this due to constantly wringing my hands! Oh, what to do?!

          • Jana

            Old Henry,
            Too funny. We are in trouble with someone it seems, no matter which way we turn.
            Actually, we have a farm and the electric company cut down all of the trees on one side that were interfering with the lines. We were shocked, they also cut up the trees and stacked the wood. It is about a quarter mile long and stacked on both sides of the fence. Probably enough wood for 10 years for us and some of our family members. We have been sharing.

          • http://Illinois'17th Old Henry

            Jana:

            Load up yer grain truck and give Mark a load! No wait! That grain truck probably only gets about 6 mpg! Better use the sled and ol’ dobbin.

            Did the electric company shred all the smaller brances? Those things use a lot of gas! D*mned greedy utility company.

            Hey! Ya got cows? Take Mark a load of dried cow stuff. Nuts! We’re back to using that truck again. Maybe he can run in place to keep warm….

          • Jana

            Old Henry,
            Yes we have cows. Grass fed only.

            Mark is a liberal, he would probably demand that we bring the wood to him, chop it for him and even put it in the fireplace and light it for him, and it still wouldn’t be enough.

            I don’t think he is an American anyway.

          • http://Illinois'17th Old Henry

            Jana:

            You say that you think Mark is not an American…. Hmmmmm, maybe its Obama masquading as Mark. We need to find out if he has big ears. Hey! Ya spose LBJ would have picked Obama up by his ears? Ah, maybe your not old enough to remember that one.

      • Bruce D.

        Driving cars does not make Americans greedy. If you can’t drive a car when you want to, any kind of car, it is a sad commentary on how far America has sunk.

      • Dale on the left coast

        A 25% cut would result in a 25% cut in Economic Activity . . . since there is NOTHING to replace Oil today, or tomorrow . . . your LA LA Land mentality is silly. Time to drill a few holes, stop listening to the Enviro-freeks.

        • eddie47d

          There is plenty of drilling going on in America. The Gulf is starting up again with Nobel Drilling going out there.Mocking Mark and those who are trying to cut our addiction will solve nothing.We need to change our habits especially since our population is growing.

          • http://Illinois'17th Old Henry

            eddie:

            I know there has been plenty of “drilling” going on in Wisconsin.
            The SEIU and the Democrap party have been drilling the taxpayers for years.

          • WayneT

            Hey! eddie47d, why did the president put oil drilling on hold for 6 month. Now don’t give me this crap it was due to the accident in the gulf either. I know that this accident killed 12 people, but look at how many times jet planes has crashed, and killed hundreds, and the president didn’t stop planes from flying. The president just don’t want this country to drill. It’s ok for other countries to drill, just not this country. Maybe he wants our money do to the Muslims for some unknown reason!!!! There is a snake in the wood pile some where.

          • eddie47d

            You call that logic? One plane only effects a small given area so why shut down all the airlines. One oil spill affects hundreds of miles and usually thousands more people.

          • Dan az

            Eddiee
            Two words TWIN TOWERS!

          • JeffH

            Nobel was granted permission to resume drilling from their platform that was shut down after the oil spill…make no bones about it, this is not a new drilling operation…work on the well was suspended, along with virtually all other drilling activity in water deeper than 5,000 feet, immediately after the Deepwater Horizon accident last April 20. There was no indication that drilling in the gulf would return anytime soon to levels preceding the BP well blowout.
            Noble Energy said it expected to resume drilling by late March.

          • eddie47d

            Dan;You still defy logic with your emotional plea and grandstanding on the Twin Tower tragedy. That was a temporary setback for the airlines although they did loose business because of the hassles at airports.One reason the oil companies haven’t rushed back into the Gulf is because they knew they screwed up. They now have to be more aware of how they install their rigs and do they have enough assets to cover another spill.(collateral damages)

          • Richard Pawley

            “We need to change our habits!” I agree. I’d love to be able to drive the Smart Car the Canadians can buy. It has the cleanest diesel on earth and gets 70 to 100 mpg depending on how it’s driven, only the EPA won’t allow it in. The Mexicans only have the gas version of the Smart Car and it gets about 54 mpg although a friend once got 60 in his driving in Texas. After many years of wrangling the car was dumbed down for Americans and we can buy the gas version here but it only gets 40 mpg and there are Japanese cars that get that and now, if you can afford it, the Chevy Volt. The VW corporation has a new two passenger VW that has a small turbo diesel. It will go up to 99 mph and it gets over 250 mpg – YES, over 250 MPG, but it’s a diesel and uses oil. Our current administration and/or the EPA will never allow such a car in because it’s not electric and it gets to many mpg. In my autobiography I mention a car that the British built in 1986 that carried three people and got 115 mpg with a gas engine but it was bought up and never saw the light of day. OK these small vehicles are for everyone but for those who would buy it to save fuel it should be allowed. I can’t so I just drive what I want, an SUV and forget about the gas mileage. It will likely be going to $5 a gallon, not this year but next, but that is just a stepping stone. As the dollar’s value drops and we keep raising the national debt you can count on $10 gas and milk and the price of food tripling. Maybe only 10,000 would buy such a car as I would like but that would save a lot of oil wouldn’t it? No such logic works at the EPA, they seem to have a goal of taking us back to 1820 where we will all be riding horses but they create enough methane gas to more than off set all the cars they replace. What we need is a balance and common sense but what we have is ideologues and two parties who are to similar to do what needs to be done. I have some hope in the Tea Party but if they can keep from being corrupted by those who want to raise the national debt and borrow even more from those stupid enough to loan it to us (over 250% inflation will be the result). As I said in both my books we had better prepare for an even Greater Depression because the one they seem to be creating will make the one our grandparents went through seem like a walk in the park.

        • http://Illinois'17th Old Henry

          Dale:

          How ’bout puttin windmills on top of our vehicles? We could start them by pushing them to get the turbine spinning and then jump in real quick before it gets away. Or, we could use solar panels to run the windmills to run the vehicles.

          • WayneT

            Old Henry, I don’t know how old you are, but you have a good mind. Keep up the good work. I am with you all the way.

          • Vigilant

            And when there’s no sun, we could use our own flatulence (methane) to fire it up. Yes, great possibilities! (:-)

          • http://Illinois'17th Old Henry

            Wayne:

            I guess I’m old enough that the good work in the only thing I can keep up.

          • Al Sieber

            Old H, you’re the same age as me, the same year too, clear as a bell.

      • http://Illinois'17th Old Henry

        Mark:

        That is not your real name is it? In reality you are George Soros.

        • http://Illinois'17th Old Henry

          Vigilant:

          The left creating new phrases? You mean like Quantative Easing?

          The only thing they are doing there is easing a quantity of you-know-what up the south end of the American people.

      • Vigilant

        “Greedy American?” You capitalized “greedy” twice, so I suppose that’s a new proper noun.

        I love it when the left tries to invent new phrases by modifying single words, like “obscene profits.” When’s the last time you saw the word “profit” unmodified by the adjective “obscene?”

        Then there’s the code words and phrases like “social justice,” “Employee Free Choice Act,” and “fairness.” The wise person knows these are not just euphemisms, they’re the doublespeak lies of the tyrants who would take away our freedoms.

        • Bruce D.

          It always amazes me that leftest are so willing to give government so power in exchange for redistribution. Somehow they think it will never affect them. They seems to believe collective control is better than individual freedom. It is difficult to find a compromise as those two ideologies diametrically oppose each other.

          • Vigilant

            You’re entirely correct. The ideology of the left runs 180 degrees counter to the principles of our Constitutional Republic. You may have heard me use this analogy before, I think it still rings true: when a woman is being raped, she wants it to STOP. She does not compromise and say, “I don’t like this, so could you go a little slower.”

            Our Republic has been the victim of “rape” for almost 100 years. We of common sense and love for the founding principles don’t want it to continue at any rate, slow or fast, we want it STOPPED!

        • Jay

          Holy lightning, you really know how to use you’re weapon. Words can kill and words can heal, they can also lull one into a deep sleep. Good point!

      • http://?? Joe H.

        mark,
        i have a 95 truck with 42000 actual miles on it, Ihave a 2008 hyundai with just over 10000 miles on it and I have a 2005 town and country van with 45000 miles on it! this mileage is between 6 people, you want to tell me how I can cut more?? My heat is set at 67 all the time during the cold months of Ohio here and 75 during summer. I suppliment my heat with wood from trees that have already been cut down and the wood would have rotted if I had not used it. i only turn lights on if I am in the room and turn them off when I leave it! Again, How am I gonna cut any more???

    • Jay

      Wow! Good morning, it’s nice to hear someone’s awake. You have made absolute and total sense! There is nothing more that I could add. Except, fuc###ng A!!!! Bravo.

    • Robert Pa.

      We have been so “Brainwashed” for so long that we can’t think past the oil. We use to use coal, then “BIG OIL” said “Too dirty burning,use our oil” which is just as dirty.

      New game. Try “Free Energy”. Electricity pulled from the Atomic Structure of the Whole Universe. Technology from 1820!!!
      Check out: http://www.free-energy-info.com

      Inventor.

  • Michael J.

    In the future people will take note of the fact that we dug in the ground to retrieve fossil fuels layed down by the death of dinosaurs and ancient plant life while the real source of all energy this planet receives is over head beaming down upon us and giving us a sun burn, but for now we need to fill our gas tanks to get from point A to point B.

    • Al Sieber

      Oil isn’t fossil fuel, it’s formed in the earth naturally, it’s called abiotic oil there wasn’t enough dinosaurs. goggle Abiotic oil

      • Michael J.

        Al Sieber,
        Abiogenic oil theory is no longer supported in the west, only Russian scientists theorize a crude oil geologic origin.
        The Dinosaur reference is a metaphor emphasizing the time required for crude oil to form naturally.

        • Al Sieber

          Michael, everyone has their own opinion and I respect yours.

          • http://Illinois'17th Old Henry

            Al:

            So, you’re a commie Russian scientist? Please! Say it ain’t so!

          • Al Sieber

            Old H, no, I’m a exploration geologist I look for mineral deposits, gold, silver, copper, zinc,etc. the precious metals, the industrial metals/ minerals etc. I’ve only been doing it for 40 years, even oil and gas. I know about the earth, I’m far from a “Commie”, I know my geology.

          • Al Sieber

            And Henry, “Goggle” Abiotic Oil and make your own decision, you’ll be amazed. they say oil is only found in sedimentary rocks but it’s also been found in igneous rock formations also.

      • http://Illinois'17th Old Henry

        Al:

        Do you know how the greedy Americans killed all the dinosors so we could then pump them inot our cars?

    • Aix Sponsa

      Yes, you bet. All those dinosaurs that died and got burried, six miles deep under rock. Logical? DUH. Time to bury that dead dog.

      • Bruce D.

        Funny!

      • http://Illinois'17th Old Henry

        Aix:

        Here’s a thought I just wanted toss out there. Since God put everything on earth that we needed….. ya spose He might have put the oil there during the Creation?

    • http://Illinois'17th Old Henry

      The greedy Americans will use up the sun.

      • Vigilant

        LOL! But don’t suggest that to the environmentalist wackos, they might pick up on it.

        • eddie47d

          Is that conservative humor or conservative ignorance? I don’t think you’d even make it on Hee Haw.

          • http://Illinois'17th Old Henry

            eddie…..

            I would not expect you to recognize humor if it, ah, bit you in the south end. Liberals generally do not have a sense of humor. They just simply do not get it.

        • http://Illinois'17th Old Henry

          Vigilant:

          How ’bout we suggest to all the environ-mental whackos that we would like to send them on a space shuttle to study the sun. Of course we would tell them they would land at night so as not to burn up….

          • Vigilant

            LOL! I love it…where have you been OH? We need more of these fresh ideas.

            And you’re right, the left takes itself too seriously. I’ve often laughed at jokes about Repubs/conservatives because good humor is good humor. But don’t try to tell a leftie a joke at their expense; they’ll look at you as if you just farted in church.

          • http://?? Joe H.

            Vigilant,
            i had a guy do that right in front of me in church one day!! He looked al around like he was trying to figure out where the scent came from!!! I heard it come from him!! Talk about trying to bear false witness!!!

  • Michael J.

    Who gives a damn about a clean environment, if in the future the Chinese or the Arabs own it? Drill here, drill now before it’s too late.

    • Doc Sarvis

      Oil is still only a short sited solution. We need to invest in alternatives, a better infrastructure to support those alternatives, and efficiencies in our energy use.

      • John Myers

        I couldn’t agree more Doc. We need to get off oil like an addict needs to get off dope. We just need to do it in an affordable way. Crude oil is 1

        • Jana

          John Myers,
          I agree with what you say here and in the post below, but it doesn’t makes sense to shut us off of oil SNAP just like that. Of course we must use the resources we have at hand now, and at the same time work on developing better sources of energy. Why put such a hurt on us and our economy?
          They lifted the moratorium on drilling in the gulf but made the permits almost impossible to be accepted. Since the blow up in the gulf some 8 months ago only one permit has been accepted and that was just the other day.
          It sure seems that blow up in the gulf was convenient for Obamas cause.

          • Bruce

            We can not get off oil right away but we should start to get off oil over a 2 decade program weather it is done by the goverment or private/goverment partnership since this is a national sercurity issues . If we dont we will wake up someday in the future and there we will be no oil left and there will be no choice and very hard times. No i am not talking about some kind of tree hugging utopa.

          • http://Illinois'17th Old Henry

            Jana:

            “shut us off of oil SNAP just like that.” Well, Little Barry went off coke just like that, or….. did he, so he thinks we can give up oil just like that. He is working furiously to destroy our economy and the country and shutting off our oil will go a long way to accomplishing his, and Soros’, goal.

            He is FUNDAMENTALLY CHANGING AMERICA, just as he campained on doing for about 18 months.

            As very succincly put in a post here a couple of weeks ago by someone: The American voter will hear a resounding POP and all of a sudden see a blindingly bright light. That will be when they pull their head out of their a$$.

          • Jana

            Old Henry,
            I go along with Vigilant that you are very good for our site. You bring laughter and have a knack of a wonderful storyteller who brings joy. Keep it up.

      • John Myers

        I agree with you Doc.

        We must get off our oil addiction. We must find clean alternatives that not only work but are affordable.
        Sincerely,

        John Myers

        • Bus

          Maybe but government won’t do it. It will be the free market that figures out ways to produce energy. Government mandates and pouring money into overpriced battery cars just muck up the market. Get out of the way, let the innovators work, people are motivated by greed and if the price is right then someone will figure out better ways to produce energy. But currently oil is the cheapest alternative and its a shame we sit on top of billions of untapped barrels while relying on the good will of the few princes in the Middle East.

          • Doc Sarvis

            Bus,
            Ah yes, greed. I have no doubt that with oil prices rising there is plenty of incentive and profit margin for greed to find and extract the oil. The oil is not as easily extracted as the supply dwindles – part of the reason for the higher price is increased rarity. Incorporating more extraordinary means of extraction, though effective, can have other undesirable results. Fracking for instance takes a huge amount of ground water. This is a clean resource used by all forms of life including all of us-especially rural people. Having enough clean water is a looming global problem of its own. Anyway, not only does fracking take huge amounts of that ground water to extract the oil and natural gas resource it also horribly pollutes the local ground water so that it is unusable by the local population. Yes, greed will get us to the dwindling resource but it will also remove clean drinking water from the rural (often poor) population.
            The free market is a double edge sword.
            Time for incentives to move away from oil/disincentives to stay with it (as if war and pollution were not enough).

      • Dale on the left coast

        Doc . . . Known Oil and Gas reserves in the US will last over 100 years . . . virtually everything in your world today contains oil . . . from your shorts to the wrapper on your steak. Reliable, cheap replacements could be decades away . . . maybe even a 100 years.

        • Doc Sarvis

          Oh, the 100 year promise. That MIGHT mean something if your calculations include the rate of use over that time, the outside pressure to sell it off to other countries (including their growing use rate) among other factors. You also convieniently avoid the issue of what it will take to get all of that oil (the frakking issue etc.) and what that will mean to rural America.
          Sure I can make the gas in my car last 100 years too if I push the damn thing around.

        • r.p.

          NOT!!!

      • WayneT

        Let’s cut the oil prioblem down to size first. Once we get gasoline down to under $1.50 a gallon we can the search for a good alternate fuel. The only thing I can can of is nuclear to run our electric generators. That wold save a lot of oil.

    • Aix Sponsa

      Within 20 years you will see oil and coal used even more extensively. With the massive consumption of electricity and oil products by the world, that is the only hope remaining. AS for pollution….. North America is the only continent who gives a darn. The commie chinese are massively polluting the planet and the USA thinks they are great, and you do too. Admit it, you love chinese products because they are cheaper priced, even if you bitch about the quality. The American society has sold our souls to the commies, and we love it.

  • BeeCubed

    According to an article I read, the USGS says the United States has one of the largest oil fields right here in middle America. Why doesn’t anyone talk about doing something with that?

  • yamiyalo

    Drill Baby Drill

  • Dennis H.

    Where are any politicians with enough backside to take on the environmental wackos and say enough is enough. He’d get my vote in a New York minute. It”s time to drill here, drill now before there is no United States of America left to drill.

    • Bruce D.

      Apparently all or most of the democrat party is against drilling for oil in this country. Obama gave millions to Brazil to drill off their cost but is trying to shut down oil exploration here.

      • Jana

        Dennis,
        It seems like when we do get politicians (esp. the GOP) who stands up to whatever problem is at hand, then the Democrats start manipulating the truth and telling lies and the media buys into these lies and reports it as gospel, and we have sheep out there who believe anything the liberal media tells them.

        • Bruce D.

          Obama, Pelosi, and Reid are just terribly when it comes to lying and manipulating. You really have to be gullible to believe a lot of the things they say. I think once people start lusting for redistribution they have sunk so low that the truth becomes irrelevant in relationship to the handout or the theft of other peoples money.

          • Jana

            Bruce D.,
            I agree.

      • WayneT

        Amen. I heard that on the news. Hey! by the way, is their any chance that this country is Muslim? Ha

    • r.p.
  • s c

    WTF? America is not running out of oil. We are stuck with dinosaurs who think WE work for THEM. We need alternative leadership. We need alternative thinking. We’ve got a herd of retards in Washington who set America on a one-way course over 30 years ago. The fact that we have LIMITED refinng capacity and NO new refineries makes matters worse.
    When will space cadets stop yapping about the importance of ‘alternative energy,’ when it will take years to see those theoretical benefits? Outsource the good old boys and girls who do NOTHING to keep America energy independent. The dirtbag, worthless SOBs who worship alternative energy might as well admit they’re our in-house domestic terrorists. Their “leadership” keeps us DEPENDENT on foreign oil. Let the filth try to deny it.
    Do what can be done NOW. When and if ‘alternative energy’ materializes, use it. STOP acting like we work for those mutants in Washington. Why do the
    hell do we even pay those scummers? They’ll talk about anything, but they DON’T accomplish anything. Outsource the SOBs. Solve the effin’ problem.

    • Warrior

      Hey, wait just one dawgone minute there big fella, the department of energy is doing a stellar job of managing our resources. Just ask them!

      • Vigilant

        Good point. I’d like to see their answer when you ask them “when you were formed by Jimmie Carter, the US was 20+% dependent on foreign oil, so why are we now 60+% dependent?”

  • wally carlstrom

    SAUIA ARABIA IS PRODUCING 4 MILLION BARRELS A DAY THAT IT CANNOT SELL IN THE OPEN MARKET. The lost oil of libya oil is only 1 million barrels a day. The world still has a surplus of over 3 million barrels a day from Saudia Arabia alone. The world is drowning in oil as the world is still in a depression with no end in sight. This time next year we could see oil prices under $30 a barrel as the oil glut continues and the world bankers are force to liquidate their contracts on oil as the banks wipe out.

  • John Myers

    I agree s.c. Look for Part II next week where I make your point.
    And thanks for reading and commenting.
    Best,
    John Myers

  • Henry Villarreal

    The socialist view of the present administration has led to a disastrous energetic and economical situation. Had it been focused on the benefit of the nations and not in returning favors the the radicals and unions, maybe the stimulus package would have worked. In what sense? With 875 billion dollars,at 10 billion dollars per nuclear plant, we could have built 88 nuclear plants. These would have taken 5 years to build and put in operation, along with the fact that at least 5000 persons per plant, would have had a temporary job ( 5 Years) and afterwards at least 1000 would have a full time job. That alone would have created 4,400.000 jobs, directly involved in the project. I can’t even calculate the indirect ones.

    It would have energized this country in such a manner that the technological leap would have left the whole world at least 1 generation behind.Just the thought of this waste that we have witnessed makes your blood boil. It would have been a clear signal to the world that we where energy independent and we would be seeing $0.75 gas prices .

    • Aix Sponsa

      3-4 decades ago they built two BIG nuclear/electrical facilities near my home town. 10 and 1 mile by air. The last few years “cancer clusters” is a common word there. Rates twice the national average. Law suits, admissions of leaks, etc. Polluted drinking water, Massive electrical EMF radiation from the wires, etc. Sure something needs to be done about electric production/demand. HOW ABOUT..coal and ….. TURN OUT THE LIGHTS.

      • Al Sieber

        Aix, France is a big producer of Nuclear energy, without incident, and other countries in Europe.

    • mark

      I am a liberal and I am all for nuclear and solar power.

    • Bruce D.

      That is a good idea Henry. They should have built some salt desalination plants in California also. These are things that help tremendously and pay for themselves through utility bills. As far as nuclear goes there are plenty who want to build but the left is keeping it bound up in regulations and permits.

  • karolyn

    I have not heard of any interruption of the oil coming out of Libya. And why do people like John Myers keep talking of a “civil war” in Libya, when it is in fact a revolution?

    • Jeep

      Ignorance is thy name Karolyn…Generally, in a “civil war” one faction seeks to gain power through the existing infrastructure of govt. In a “revolution” there is an attempt to overthrow the existing powers, and replace them with something new. Technically speaking Lybia doesn’t really have a permanent govt. In 1970 Muammar set himself up as the head of a revolutionary council and not much has changed since. Your pathetic attempt to catagorize the civil war in Lybia as some kind of revolution is, well, just wrong. It is an obvious attempt on your part to make the struggle in Lybia somehow heroic. Noone should be subjected to the brutality of people like Gaddafi, and the Lybian people should have a govt of their choosing. Just don’t try to make a point out of a non-issue.

      • Jana

        Karolyn,
        Its been all over the news that since Libya has had its problems and the oil has been ceasing etc etc.
        All of the people working the oil fields are leaving and the Libyans don’t seem to do their own work.
        In fact all of the foreigners are leaving Libya as they don’t want to be murdered.

        • WayneT

          Karolyn is not watching the right news. Karolyn look for Foxnews in your area. I am sure you have it.

    • libertytrain

      The article (which it seems you perhaps didn’t read or missed some of it) spoke of an Italian company shutting down production – Eni; and should you elect to Google for more info, you will find other companies, have indeed, shut down production. For instance a German company, Wintershall, stopped production as well.

  • http://www.keysinsurance.com Linda

    I have been listening to Donald Trump lately and he is spot on, tell OPEC to go to hell, tax all these foreign countries for our aid and protection, tell China to take a hike and bring back incentives to businesses to produce at home. Where I live, in South Florida, the price of gas went from $3.35 to $3.43 yesterday (in one day) and it is not going to go down anytime soon. Car pool if you can.

    • Doc Sarvis

      I lost you when you said you have been listening to Donald Trump.

      • Jana

        Linda,
        I have also heard Donald Trump. He certainly does have some valid ideas. This admin. would do well to listen to him.

        • Jana

          Doc Sarvis,
          I can see why she lost you when she said Donald Trump. From the way you write and you have such Socialistic views, anything of wisdom and common sense would lose you.

          • Doc Sarvis

            Wisdom and common sense are traits rarely attributed to Donald Trump.
            And then there is that whole comb over thing.

      • WayneT

        Maybe your stumbling around in the dark, Doc.

        • http://?? Joe H.

          Wayne,
          Nah, Doc is just a proctologist! He always has his head up someones……..!!!!!!

    • JR

      3,43? Gawd its cheap down there.

      • Al Sieber

        It went from $3.25- $3.49 here yesterday.

        • TIME

          Al,
          Got you on that we just went today to $3.47 it was $3.36 on Tuesday.
          So overnight it went up .11 cents. Thats overnight. Keep in mind that SA is having the special gang of US Uninon Thugs showing up this weekend. What kind of problems do you think they will bring about?

          How about a hot cup of Code Pink?
          Got any SEIU, or UAW on a stick with pepper in your eye?
          Can I get a grilled Trumpka Samie with crap on the side?

    • dan

      I heard an excellent suggestion from Webster Tarpley:tax Wallstreet
      on every exchange…i.e.:stop speculation or at least slow it and
      balance the budget in stead of bailing out the banksters.

      • Al Sieber

        dan, heard Webster on “Coast to Coast” last night good show.

    • Bert Cundle

      We can’t make it on our Oil Alone!!! WE ARE DEPENDANT ON FOREGN OIL!
      I see where Don is saying TO CIRCLE THE WAGONS… ( That is what I’ve said for 30 Years!)

    • Jeep

      The bottom line is that gas prices are all speculative. Prices are rising based on what the market expects to pay in the future. The Suez is still open, oil production is still adequate, but the speculators “feel” that this may be negatively affected in the future, so the price for a barrel of oil goes up. If we truly wanted to affect the price of oil, just announce to the world that there will be no more “limiting” domestic production. If Washington just announced that America will unleash off shore drilling and open ANWAR, you would see an immediate effect on oil prices. Good luck waiting for that to happen.

      • Bert Cundle

        Sure… Another excuse to rais the price of gas… ( Construction Cost!) { REMEMBER: Government TAXES GAS!!! More the Price of Gas the More Tax Collected. Tax on a % of cost!!! KNOW WHAT IS IN THE BUSHES!!!

        • Jeep

          Exactly right! I may be wrong, but I think last year’s surge was a test to see how high gas prices could be set before American’s got upset. That seems to be around $4.50 a gallon, or so.

          • Don

            I paid $3.65 a gallon in Wasilla AK yesterday and most pumps read $3.71 but then we always pay about .30 cents more then outside, go figure !!

        • Vigilant

          Federal Excise tax is not a percentage of price. It’s levied as “cents per gallon.” In 2010, it was 18.4 cpg for gasoline. Ethanol blends were taxed at considerably lower rates, and some diesel fuels at a much higher rate.

    • Robin from Arcadia, IN

      Linda… Donald Trump has a few ideas that may work or may not. It does seem good to hear from someone other than a politician who can’t seem to open their mouths without lying.

    • Aix Sponsa

      Gas jumped 20 here. Is it a contest? If you consider the devaluation of the dollar, gasoline is almost as inexpensive as it has ever been in the history of the USA. It is not going to get any cheaper as this situation unfolds. As for new continental drilling, building refineries (none since 74), infrastructure…. It takes 8-10 years to get oil production into motion. Are we late yet?

    • Bruce D.

      I am not a fan of Donald Trump but I also like what he has been saying lately. I will continue to listen to what he has to say.

    • Dan az

      Linda
      today here reg. is 3.89 and 4.39 for diesel.

  • wally carlstrom

    With Natural gas the United States is Energy independent from the rest of the world at this moment in time. We can switch to natural gas car and be free from the middle east oil forever. the bulk of middle east oil will stay in the ground and will never see the light of day.

    • Aix Sponsa

      What do you think will take longer? Building viable cars, or a distribution network to supply those cars? How many billion dollars investment? In what time frame?

      What do you think that the USA will do for the next 10 years? Drive their dually pickups and Expeditions at 12 mpg?

      I am not buying a new vehicle because $30,000 will buy a lot of expensive gasoline for my older car. Oh, does that hurt “Detroit” or Japan?

    • WayneT

      We can power all our vehicles on natural gas if the government would just get off their butts, and push for it. The gas compnay in my home town has been powering their trucks with natural gas for over 40 years. Maybe Obama’s getting a kickback from the Saudi King. The one he bowed to.

      • Jana

        On the farm some of our equipment is run by butane.

  • wally carlstrom

    I am looking forward to 50 cents a gallon for gasoline in the next 2 years as this current bubble in oil crashes to its real value of $10 a barrel for oil.

    • Doc Sarvis

      Dream on. I’ll see you on the bus.

    • Aix Sponsa

      Dream on brother. When hyper inflation hits to compensate for the FIAT money, gas will more than double in price, of course, so will everything else… except your life savings.

      • Bruce D.

        I agree. There is no bubble in oil with a middle class emerging in China and India. Along with inflation and Obama trying to suppress drilling and exploration gas is going very high.

      • http://?? Joe H.

        AIX,
        Oh, I don’t know, my gold and silver will double in value!!!! I got silver dollars I paid 12.00 for that I could sell right now for 33.00 a piece!! I won’t mention the small amount of gold I bought about eight years ago!!

    • WayneT

      What news are you watching, or were you dreaming when you wrote this. Wow!!!!

  • Patriot

    Can someone please explain what our Foreign and Energy Policy is? The Middle East is burning, completely destabilizing the region and the EPA and this Administration has made it almost impossible to drill for oil and mine for coal or natural gas, we have not built a nuclear facility in over 30 years, why? My fear is that this is all part of a master plan to bring our economy to its’ knees, so we are at the mercy of the political and economic elitists. After reading “The Rockefeller File” and many other books and watching “End Game”, we need to stop this madness before it’s too late! This makes me very nervous, what can we do to stop the madness?

    • Jovianus

      Patriot…you want to know what our current Energy policy is? Ask your local GOP Congressman. If you can keep them from avoiding taking any leadership and actually come out with sound ideas…which they seem oblivious to.

      • Robin from Arcadia, IN

        JO… At least our GOP leaders are where we can find them, unlike the Dems who refuse to do their jobs in Wisconsin and Indiana!

        • WayneT

          Yep! that is indictative of the Democrats. Run when things don’t go your way. I would fire all of them.

      • Dale on the left coast

        Jovi . . . didn’t your “Hero” in the oval office say during the campaign . . . “Energy costs must increast dramatically” . . . well they are . . . whil the Loon closes the Gulf and Rigs go to Brazil to drill for Spooky Dude.

    • Aix Sponsa

      It might be an insidious master plan. At best it is short sightedness in view of the geometrically expanding US population. numbersusa.org graph at the bottom.

    • Jay

      The foreign and energy policy, should really read, the United States death Policy. The corruption that works through the White House saw to it. Why obsessed with the oil from the east when we have oil the west? Well, because if we had plenty of oil for everyone, then someone wouldn’t make a great deal of money. And then of course, that someone would get real sad and go cry to mommy! There is no shortage of oil, there is no shortage of resources, there is no overpopulation, there’s also no shortage of greed and corruption! The reason that there is this so-called shortage, is simple. Control the inventory. Tell the customers there is a limited supply, when in fact there isn’t, that way you can sell it as a precious and limited resource and charge large. In business its called MAXIMIZING your profit margin.

  • DMS

    Should you get the chance, it would be worth your time to view the documentary FUEL:

    http://www.snagfilms.com/films/title/fuel/

    Since President Nixon, we have been told in the next ten years we will be able to enjoy a “balanced budget”, abundant fuel, unlimited energy, and a chicken in every pot. As has been said by many much wiser than I, once the people lead, the leaders will follow!
    The solution to our challenges are many, but lie in the conscientiousness of individuals willing to work as a community.
    Remember Stan Myers, Joseph Newman, Nickolai Tesla – all denied patents and the opportunity to give the world an abundant sustainable and CHEAP to FREE clean energy source.

  • http://www.keysinsurance.com Linda

    I hope your are right Wally.

  • Bert Cundle

    Who has the other end of Hillarys Leash… Saying Kadafi… Must go! She dooing O’Bommas will? Or is she just having Minstral Pains.
    Changing Times is COSTLY!!!The Government is NOT HERE TO HELP “US”!
    Security is for the Wealthy! Inflation is enevidable! Untill Courrency Changes… to the worse or Better!

    • Doc Sarvis

      Okay, um, wow.

  • http://www.diyyardandhome.com Dan

    I think we are past the point of us drilling for oil, or another other solution to energy. It will take several years if we start now and it may be too late for that to occur. If we have to wait two years to change administrations it will be way too late. Our economy is on the brink of collapse. If it collapses as many predict, we will collapse into a third world county will food and energy riots here. The US will have to resort to selling our natural resources to foreigners to exploit in the long run. If the US dollar becomes worthless then it’ll become a crap shoot just to survive.

    • Jovianus

      Just one more policy screw up from the Bush clan (and before) as they conned you into thinking oil was aplenty. Bush sold us a lie and went to war to enrich the Bush clan and its cronies. He frippin’ HELD HANDS with the Saudi prince (what? no outcry?)…

      I know…I know…it’s all the fault of progressives as they’ve tried for decades to get us to alternative energy and progressives stuck your heads in the sand against your will…

      • Jeep

        At least Bush “held hands” as an equal with the Saudi King. I suppose an ignoramous such as you would not know about foreign customs, c’est la vie. Unlike the current prez who bowed (a sign of subserviance) to the Suadis. Makes ya’ wonder, huh?

        • Carlucci

          Jo – Bush held hands with King Abdullah because that is a custom in Saudi Arabia. Go there and you will see boys and men of all ages holding hands everywhere. I think Bush also held the King’s hand because he is so elderly and not steady on his feet. The King dyes his hair and beard, so it is hard to tell how old he is.

        • eddie47d

          Jeep; The British are bowing all the time so they must really be subservient. How about all them dancers when they tip to their partners? You are making too much about nothing!

          • http://?? Joe H.

            Gee, eddie, then why didn’t nobummer bow to the QUEEN MOTHER??? Why did he try to take the elbow of the Queen??? Why did goofy Michelle try to peck her on the cheek?? He’s lucky he didn’t cause an international incident with our closest ally!!

          • Jeep

            Geeze eddie, funny how you guys talk about “civility” and preach “tolerance”, yet you say it’s okay to ignore the local customs of our allies and friends. Such a hypocrite.

      • Bruce D.

        The problem with alternative energy is the left has had to suppress oil exploration and drilling to keep oil artificially high for green energy to be even feasible.

      • S.C.Murf

        jovbob it is past time for you to make that popping sound. Anyone else agree?

        up the hill
        airborne

      • WayneT

        Oh hell, Jov, let’s look forward for a change. Even if it was partly George Bush’s fault, it does not make any sense at all to look backwards. What has Obama done? He has put this nation around 3.5 trillion dollars in new debt. Wake up.

      • Vigilant

        Jovi Anus: “Bush sold us a lie and went to war to enrich the Bush clan and its cronies.”

        You might want to try and explain yourself out of the fact that Iraqis produce far less oil now than they did before the Iran-Iraq war. The only enrichment occurring here is the fueling of your already rich fantasy life.

    • ValDM

      Dan
      We won’t be selling our oil to anyone. Our debtors will claim it as “theirs”, since we can’t pay our debts. They will be drilling our oil and sending it back to their home countries, while we look on like starveling children through a restaurant’s window at the “rich” people dining on great food.

      • WayneT

        ValDM, we can thank Obama for this crap. He is the one who does not want to drill. We need to ship him out in 2012.

  • bob wire

    Well, Since a peanut farmer told us that energy dependence was the moral equivalent of war back in the 70′s and everyone laughed their a$$ off, ~ who cares today?

    • Proud to be a Christian

      Yeah, and that same peanut farmer set up the expensive Dept. of Energy to find alternative fuels and hasn’t found anything for 30 years. We have plenty of oil, cheap sweet oil, however, the Illustrius one won’t allow drilling which I understand on Government owned land but why can’t one drill on privately owned land is my question. Canada doesn’t have any of those problems. There is so much corruption it makes one want to vomit. Just think this president will go down as the worst President ever and Jimmy Carter will finally get a break and only be the second worse! But don’t worry all of you tree huggers, in my opinion all of them should have to use horses for transportation and candles for electricity. This old world isn’t going to be around for much longer anyway.

      • Bruce D.

        I think Obama is taking over Carter’s position as worst president in modern times. But then again Johnson did a lot of harm to this country also. The two Bush’s are fourth and fifth.

        • Vigilant

          I think Obama is taking over Carter’s position as worst president in modern times. But then again Johnson did a lot of harm to this country also. The two Bush’s are fourth and fifth.

          I at first thought it wouldn’t be fair to give him that dubious award before he finished his term, but since they awarded him the Nobel Peace Prize before he did ANYTHING to merit it, I think we could make an exception and give him that “worst president” title forthwith.

          In terms of the extent of actual damage done to the nation since our founding, I would count as worst presidents, in descending order, Obama, Roosevelt, Wilson.

          • Vigilant

            Sorry, that first para was meant to be in quotes.

          • Bruce D.

            Johnson was right up there too when talking about socializing America, even with only four years in office.

          • Vigilant

            You’re right Bruce. His “Great Society” was a bust, costing us trillions in the long run.

      • bob wire

        I don’t thing that the name calling is necessary, ~ unless you want to start something with me personally. ~ I don’t believe that you would enjoy it! “PROUD to be a Christian” what a crock of bull crap ~ that handle along tell me how bright that you are! You are displaying a sign , saying “I’m not very bright”

        “Christians must consider both the source and target of pride, whether it rightly be an excitement over obedient Christians and God’s teaching or sinfully bo a motive to draw attention to one’s own accomplishments. Unlike fictional superheroes, Christians are not required to act in complete anonymity. Otherwise, Christianity would never spread. However, good deads are not done to glorify man, but rather to bring glory to God. “Let your light so shine before men, that they may see your good deeds and praise your Father in Heaven.” (Matthew 5:16)

        It appears at all of you are aware of Carters warning ~ and have chosen to “THINK” you will attack the messenger and that somehow that nulls the message.

        Well , think again, ~ you are simple foolish acting people and have been programed by you keepers, you don’t have a single thought that belongs to only you! It’s all been borrowed from people that you personally respect and admire, and speaks volumes about “YOU” and little one else.

        • Jana

          Oh no gasp gasp, someone has dared to use the name of Christian in his title and made poor bob wire go ballistic.

          We definitely don’t want to make bob mad because he is perfect in his own mind and cannot tolerate anyone else’s opinion, especially if it does not align up with his thinking.

          bob wire likes to quote Bible scriptures to try to put someone down, and where he thinks is ‘in their place’, however bob misuses scripture and, by the way he misappropriates these scriptures it is OBVIOUS he doesn’t even know what he is talking about.

          bob tries to act like he knows EVERYTHING about everything and is smarter than anyone else. However when it is so obvious that he actually knows so little about God, and the Bible, except for his great dislike of anyone who loves the Lord, and loves the Word and is called a Christian; then tries to act like he is an expert, it makes you have serious doubts about what he claims is his knowledge of other subjects.

          You told Proud To Be a Christian ““PROUD to be a Christian” what a crock of bull crap ~ that handle along tell me how bright that you are! You are displaying a sign , saying “I’m not very bright”
          Actually bob, that’s the sign you are displaying for yourself OF YOURSELF!

  • billb

    muslims killing muslims this is the best news i have ever heard– we should support both sides with arms and munitions– id be willing to pay $500 per gallon of gas if all the muslims annilated themselves over the greed for the oil money

  • shannon

    “Why would you say the Saudis hate us? We have always had friendly relations with that country.”
    well karolyn, just what was the country that piloted the planes that did the 911 job were from? our foriegn policy has been for years as two little children. “i’ll give you a cookie of your play with me!” of course some do not relate the fact america has bought oil costing trillions from the saudies for many many years. to te hsaudies, we are a cash cow only! we need to stop all foriegn aid then see who loves america! while islam is working to take over the middle east, we have a leader here woorking as did hitler to convert america to a big brother is not only watching, but will control your life very soon. soon either we uprise and take back america and kick out all illegals or we will be fighting the enemies of america in a neighborhood near you!

    • karolyn

      Well, Shannon, those pilots did not represent the country.

      • Robin from Arcadia, IN

        Karolyn… Is it drugs or alcohol that keeps you so sublime? Sweetie… Your rose colored glasses are smeared; you need to clean them!

        • karolyn

          It’s not nice or productive to talk down to people. I’d rather be me than you!

          • Robin from Arcadia, IN

            karolyn… With your outlook, you are clueless. I prefer to know what is going on around me, so I would rather be me than you!

          • Michael J.

            karolyn,
            Search “Wahhabi in Saudi Arabia” and realize that the 9-11 highjackers and whoops, Barack Hussein Obama all attended Wahhabi school.

          • Jana

            Karolyn,
            I have seen you get on your high horse and talk down to people at times, so remember and act on your own words too.

          • http://?? Joe H.

            Karolyn,
            you need to remember that smoke gets in your eyes!!!

      • Sunnie

        Well, then. There are none so blind as those who will not see.

    • Proud to be a Christian

      Karolyn, guess who build those oil fields in Saudia Arabia??????? A friend of ours worked building those oil fields (we met him in the late 60′s in Turkey) and then guess what Saudia Arbia nationalized all those fields! Wow!!! Look it up also, we still send Foreign Aid to Saudi Arabia. Stop all foreign aid to all countries period paragraph and use that money here in the US not to bale out banks and takeover the auto industries but to really get going with hydro electric cards,renewable energy etc. instead of crap that the elites don’t have a clue about.

  • http://purple50.org Gregory Zorn

    Who sets the price of oil??? Not the big oil companies, not the oil producers, its the commodities markets and these markets have been taken over by the huge Wall Street investment firms and turned into a gambling casino. Commodities are not intended to be an asset class, huge amounts of money have flowed into this market and prices have no way to go but up. Restor the market and the traditional role of the speculator and oil will settle back to 40. a barral. There is NOT a shortage of oil now to support 100. a barral price. Did supply and demand take prices to 147. back down to 33. no the speculator did. I have an artical on my blog purple50.org with more about this, but it is quite simple, yet not talked about. Threw Wall Street and speculaters America sends hundreds of billions of dollars to Arab nations.

  • jenersea

    What we need is for the people to go into the streets like they are doing in the Middle East. Our government has not had an energy policy in the past 40 years. All we get are BS statements from whoever is in power at that moment. 40 years ago we were told that at this point in time we would not be dependent on foreign oil or oil at all for our needs. Guess what 40 years later, we are still getting the same old song and dance about solar and wind power. The oil is getting choked off from us more and more and all we have is Obozo saying no drilling. The day of recogning is fast approaching and may be tomorrow. We need to start burning coal again like Europe and the rest of the world does. Also nuke plants need to be built. Hug a trees like to talk __it but that is all their talk is, and nothing to show for it. The days of the past when we could rely on foreign oil are over. Wake up America, this is another thing that we have to have the clowns in Washington to be accountable for. We need action now, not some cheap suit standing up and saying all these promises of what could be.

  • Jovianus

    We have about 10 years before it gets bad. As it stands, there isn’t enough oil available. One can talk about ANWR, off shore drilling, shale, synthetics etc…but fact ofthe matter is, it isn’t enough and isn’t easy to take out/make in the quantity needed.

    Decades we’ve known this. Decades. Yet even as recent as the last presidential race the cry was for continued ignorance in “drill baby drill”.

    Now…the usual tone of this board should, if everyone followed what they state in times of ease and times of hard, we don’t care. Let the “market” work. No government interference.

    Or they’ll rant about no new refineries being built etc (errrr…if it were economically feasible, ya think Exxon with its hundreds of billions would bribe and pay a way torebuild those refineries? Ya think? Or… are they thiking it would it be a waste of needless time and resource since they’ll be winding down as the resource runs out?)

    Yet the powers that be remain obstinent in telling you we can drill, we can produce, the massive tax subsidies and tax breaks to oil is needed. All of which are false. AND obviously so. Any sae, rational person who spent any time at all thinking, realizes that. Whether you’ll openly admit it or not (even to yourself)…it ain’t there.

    Reality is….we have two resources which are for all intents and purposes, inexhaustable. Electricity and alcohol.

    There is no reason we can’t switch to alcohol quickly, easily and efficiently. The infrastructure is in place. It’s proven to work (Brazil), and it would establish our national security and take us off the Middle East addiction. For those who say we’ve tried it with ethanol and it doesn’t work? Talk to a Brazilian. For those who say it would create/exacerbate a food shortage? Ummm…go take your grass clippings, ferment them, run the still…voila!

    No…the reason we are facing this issue and have refused to man up to it in the past is that Big Oil and Detroit have sold the scam on you. And they are counting on continued ignorance and simplemindedness …

    Will you disappoint them?

    • Aix Sponsa

      Unfortunately the complete cycle of ethanol production is 1) oil inefficient initally 2) price subsidized by taxes = add that 50 cents per gallon to the pump price 3) massive infrastructure investment required to make the production circle “ethanol only”. Some argue that ethanol cannot produce enough energy to grow, harvest, process, deliver enough ethanol to be viable. Then think about the food production land that must be used to produce ethanol. Think about the volume of water needed to grow ethanol plants in the great plains. With the massive growth of USA population (see numbersUSA.org graph at bottom) in 15 years the USA cannot feed itself or have enough drinking water. So what do we want? Less travel or less food? Maybe the USA is too fat anyway, huh Michelle?

      • Jovianus

        1. Infrastructure is in place. At least, I don’t see a lack of gas stations as i drive around.

        2. Ask any moonshiner how much it costs for making a few gallons of likker. As far as ‘food lands’ being taken away from production, I don’t buy that. Next to sugar cane, corn is the cheapest in mass production. However, there is a quick growing plant out there called Kudzu…ever hear of it? (if you’re in the South and don’t know of Kudzu, you have serious issues far beyond this board to del with). Hemp is another one. And with gene splicing these days, a little of this, a tad of that, a pinch of that..splice it together and voila!

        • ValDM

          Well, I see you have all the answers. How about this? Ethanol burns hotter than gasoline. If GM and Chrysler couldn’t retool and produce a vehicle that the American public would buy, why do you think they could quickly retool and produce vehicles that would burn ethanol exclusively? How about another scenario? What happens to all the vehicles whose engines are burnt out due to exclusive ethanol usage? Can you see all those rusting hulks out there?

        • r.p.

          Marijuana outstrips cane and corn production two to one

      • Bruce D.

        Sugar cane ethanol is a lot more efficient than corn. Corn ethanol was a very bad idea and most view it as such now.

        • Vigilant

          You’re right. Switch grass yields more ethanol too, and would free up the corn acreage for cattle feed, etc.

          The problem has been that a massive retooling would be required to produce ethanol from switch grass (or sugar cane, etc.). As it stands now, it actually costs more to produce ethanol from corn than the final product is worth.

          Nothing like Big Gubment, is there?

          • Bruce D.

            I believe that only Florida has the enviroment to produce sugar cane.

  • jopa

    What is all this talk about Saudi’s attacking NYC.Bush and Cheney said it was the iraqi’s remember.Sixty five per cent of you believed that fox news story for years.Why the reversal.Isn’t it a good thing now that we didn’t use all of our coal, oil, and natural gas reserves.Now we have plenty of fuel for generations to come and we are not dependant on Arab oil.

    • Vigilant

      “What is all this talk about Saudi’s attacking NYC. Bush and Cheney said it was the iraqi’s remember.”

      No, I don’t remember, you don’t remember, and no one here excepting a few socialist automatons would think they remember.

      It’s just this baldfaced lying and distortion of the truth that endears us so much to you, jopa.

  • Lastmanstanding

    Everyone…A friend of mine just returned from a trip to Williston, N.D. He was over there looking for work to keep his company alive. I’ll keep this brief: The economy is BOOMING!!! Homes being built, businesses thriving and looking for employees. There is no end in sight because, THE BAKKEN IS THE LARGEST OIL DEPOSIT ON THE PLANET!

    Use any search engine you like to research it..the facts are there.

    It is time to get rid of the bs that we are dealing with and DRILL BABY DRILL!!! THOSE OF YOU THAT CAN’T DEAL WITH IT NEED TO MOVE TO FRANCE, SPAIN, PANAMA, ARGENTIA, OR WHEREVER YOU THINK UTOPIA IS!!!

  • jopa

    Bilb;Muslims killing Muslims is the best news you ever hard.You sure are a sicko from the death party.Anyone causing pain or death to another human is sad and you think it’s cool because oil prices are high.Whenevr a person dies there is a father,mother and or several relatives that will be in a lot of sadness and pain.Why you would want this to happen to anyone is beyond my train of thought.You need counseling.

  • Lastmanstanding

    I am an American thru and thru. This is the last stand folks. If we don’t get off our ass now and do something about it our kids and grandkids will be slaves to the progs. I don’t intend to let that happen!

    • Aix Sponsa

      AMEN, we are 10 years late.

  • Maryanne

    You know it might be good if we couldn’t keep buying oil from evvery where and maybe someone would wake up and we do our own, that might make a lot of jobs here in America and there wouldn’t be a reason to charge so mych for heat and gasoline. Sometimes it take a catastrophy like that to make us do what we need to do and keep putting off. We have enough of our own natural products we’re setting on to make things better here for us instead of supplying all the wealth to the other countries and we’re going broke and that makes Obama happy, that’s what his goal is.
    That’s why the other countries supplied him with campaign money in 2008 and ready to do it again to BREAK AMERICA, $600,000 million worth on prepaid cards so no one could tract it, you call this domocracy and I don’t know why but the Democrats has learned well from his radical vicious ideas.

    Right now the Repulicans can’t get him impeached because of the Democrat Senate, it would never pass, I don’t think, unless some of them have wised up. Bush had the same problem on some of the things he wanted done but got blamed for not doing them.

    • WayneT

      Maryanne, the Obama followers are just plain too stupid to see what Obama is doing to this country. They are like lambs being led to their slaughtaer.

  • Maranatha! Mark

    This country is energy rich, from the Oil sands in Utah and Nevada that has more oil than Saudi Arabia, to the Baulkin Oil fields to the Gulf oil fields (that every other country in the world is tapping now), to the East, West and Alaskian Coastal areas and Alaska itself, and that’s just the Oil! Natural Gas finds in New York State, the Gulf and across this country could, as one of the commenters above accurately noted, make us energy independant in short order.

    The trouble is, the U.N. and our current administration in the White House as well a the last 3 Administrations have been steering us towards a “One World” or “New World Order”. Energy independence conflicts with such a plan. Once upon a time, we had a thing called, “Strategic Resources” in which included our oil and energy production, and other materials that we would need to function should we have another world war. That meant we would we keep a large percentage of our petroleum supply came from domestic production because it is the only source we can protect. We would also have the Strategic Oil Reserves which were to be used only in the case of dire emergency – War or similar such extreme event (not to ease gas prices). The fact that we have most of our gasoline refined out of the country, speaks volumns as to how bad a shape we are in. Like has been discussed before, the fact we don’t have any new refineries and most of our refineries are located in one area (on the coast of the Gulf of Mexico which is vulnerable to hurricane damage), is another exercise of stupidity or sabatage.

    Currently, we are dependant upon our enemies for our fuel, tools, clothes, shoes and electronic. Saudi Arabia is a Muslim state, don’t believe it visit and step off the plane with a Bible in your hands. Islam hate the Western way of life, and the United States is the apex of western life style. The leaders of Saudi Arabia and the other Muslim oil producing countries are Muslim, but they need money to build their armies and build their palaces, so they have agreed to do business with us. Unfortunately, the zealot Muslims that we call “Radicals”, which are truly nothing more than the truly devoute Muslims, are now raising up to take control away from the Shieks and Greedy Secular leaders of the OPEC countries. While we were buying our Playstation 3′s and watching Twilight, our country has become so dependent upon these Muslim Oil producers and other non-domestic sources, that if Saudi Arabia falls into the hands of the devoute Muslims (radicals), we could see oil hit $200+ per barrel or $10+ per gallon for gasoline and diesel. $5 per gallon will bring about a depression the likes of which this country has never seen before, $10 per gallon will cause the collapse of this country. $10 per gallon gasoline would mean quadruple or more increases in food, clothing, shipping, and medicines! This economy despite what the Liberal news media and White House are preaching, is still floundering, and $5+ gasoline WILL send it in a nose dive towards the ground! $10+ would cause our economy to simple explode in mid-air!

    Drill baby drill is a little to late, cause there is no way we can get any significant increase in domestic production before the whole Middle East melts down, which will lead to our economic crash. Our last 3 presidents and the congress people that supported them, have effectively signed our death sentence! I know folks don’t want to believe this, but that is the truth. Hopefully when the fires and riots subside, we will be able to rebuild this country… according to the blueprint our founding fathers have left us, via the Constitution and First 13 amendment to Bill of Rights. I wish I had more cheery post, but what we need is the truth now, and not wishful thinking and lies. IMHO!

    • Aix Sponsa

      Of course it has always been about the oil. IF and when radical muslims control 70% of the worlds oil… they are going to stick it to the infedels.

    • Aix Sponsa

      Oil price, or all prices, increased by the hyper inflation of the FIAT system: either way a serious problem is soon coming.

    • Proud to be a Christian

      What do you mean get off an airplane with a bible in your hand. Unless you work there and have permission to enter, no American can just go there for the pleasure of wanting to go there and have not been able for years to visit.
      That is common ordinary citizens.

  • http://n/a dean

    how does this effect the decades long wars in iraq and afganistan?? why do most americans don’t seem to care anymore. why do we care more for our own safety and cheap crap than others who are being hurt worldwide. shows the selfishness on our part.

    • Bruce D.

      Many Americans have been dumbed down by the educational system with the help of corrupt teacher unions. If kids were taught right they would care about more things. Other countries need to be more responsibly for themselves also. We can’t babysit everyone. America gives money to almost every country in the world, both private and public money. Americans are probably the most generous people in the world. Many on the left suffer from mindless anti-Americanism and fail to see America’s generosity including private donations in time of emergencies and a general desire to help.

  • paul,the villages fl.

    If you think that speculation is causing the increase even when oil is still available consider what will happen when the supply is shut down.It is time to stop being a importing nation and go back to being a manufacturing and supply nation.Start drilling and making thing and stop buying other cuntries junk.Most of the imports from China have been proven to be wourthless or even dangerous, yet we continue to buy it.If the government won’t stop it, then we as individues need to stop buying and let the stores know it.

    • Aix Sponsa

      I know lots of people harping about the commies, etc. and they make their trip every day to Wally’s to send money to china. Have you seen how much food is foreign produced? The USA cannot even feed, clothe, house, and transport itself in 2011. period.

      • 45caliber

        They could (and probably still can) feed us here. We have the capability to feed the world from here. The big problem is that the government is paying farmers here to NOT grow anything.

        As far as the rest, you are probably right. As far as I know there isn’t a single garmet factory in the US any more.

  • paul,the villages fl.

    sorry about the spelling, but i’m not a very good typist

  • CLYDE

    I would like to point out that number 1 oil producer in the Middle East is Saudi Arabia. the second highest oil producer is Russia. Libya is number 15. The USA is number 13

    • karolyn

      But Libya’s oil is the sweetest and easiest to process.

      • 45caliber

        So? We don’t use it. Europe does. Are you trying to say that we should invade Libya for their oil?

    • Vigilant

      From wikipedia: top 10, country, barrels per day, year reported

      1 Russia 10,120,000 2010
      2 Saudi Arabia 9,764,000 2009
      3 United States 9,056,000 2009
      4 Iran 4,172,000 2009
      5 China 3,991,000 2009
      6 Canada 3,289,000 2009
      7 UAE 2,798,000 2009
      8 Mexico 2,602,000 2009
      9 Kuwait 2,494,000 2009
      10 Iraq 2,420,000 2009

      • Bruce D.

        I did not realize we were third in the world in oil. That’s amazing with all the government’s efforts in suppressing oil production.

  • bob

    we need to start drilling now. Alaska has a lot there but the tree hugers dont want it. hope they remember that when they are riding around in their horse and buggy. but they will probably complain that their horse has to much gas emissions.all i see that is going to happen is that obumer will go across the pond and do what he does best…..bow at the feet of the oil princess and kiss theire feet and beg for more oil. after all thats the only thing he knows how to do!

  • http://google mike b.

    Drill baby Drill before Hussein Obama and all the other arab leaders ran gas up to 8$ a gallon. Arab and Mooslem THUG S!!!!!!!

    • Aix Sponsa

      Pump price is just a ruse. Whether it goes up due to OPEC, or goes up due to FIAT hyper-inflation, none of us will be able to afford it anyway when the financial collapse hits. All the politicians are doing right now is trying to delay the inevitable depression that will make the 30s look like a church picnic. When the inner cities migrate to the rural areas, oh-oh.

      • 45caliber

        In a way, you are right. But they aren’t concerned about the coming problems. They are concerned only about keeping things the way they are, with them in power, until they die. And most of them are elderly now so they only worry about the next ten years or so…

  • http://com i41

    Marthon Mark, It isn’t so much The last 3 Pres. as itis the idoit b–l s–t fake science and the dope heads who beleive the crap. Look at all the Congress even our marxist muslim moron and his green crap. It isn’t so much needing to gety drilling is get the damn shut off oil wells valves opened up. 2 years ago when the f–king liberal progressives pissed the tax payers stimulas money away for the airy fairy green crap. The whole soros socialist democrap party stalled the chance to start putting in the pipeline which would have been done in one year. Every one repeat “wha a dunch of dumbazz dumbocraps”, even in Sept 2010 the niggardly marxist muslim moron and his lap b–ches at the EPA, decided to stop the pipeline to proceed to the gulf. Some more of Onumnutts executive orders plan, one of these days he will try his 2 year plan to executive order to take over all private land. Which the Williston-Bakken Basin oil feild is on, and the pipeline will go on. Wth the turmoil in the Middle east now would be the time to put our crude on the market, and take those goat abusers back to where they belong. The stone age where they still are. We keep feeding the perverts, and they keep breeding and thinking they can kill all of the non beleivers, unless we all be pervs like them. So be sure and thank the green freaks and dumbocraps forthe high prices of fuel, because their money man George Soros is inflating all commodity prices by buying up grains, gold, oil and anything else he thinks will help his socialis party.

    • Denniso

      So in the Bush term gas prices went up to $4/gal and above,mostly on speculation and demand from the 2 stupid Bush wars…was that the fault of environmentalists and Democrats? Now the price is going up because of unrest in the middle east and you blame Obama and the Green movement…you’re literally hopeless at thinking!

      • Bruce D.

        There was no greater crisis in oil than during Carter’s term. They were rationing gas.

        • 45caliber

          It was a false rationing. There was plenty of gas – they were just trying to run up the pricing. I lived near a large tank farm at the time. The tanks were full of gasoline. What killed the effort was that they weren’t making as much profit as they needed on the rationed amounts and that they had run out of space to put the gas they were still producing.

          • Bruce D.

            Florida actually sued the oil companies for creating a false gas shortage that hurt their tourist economy and won. I tried to Goggle it but could not find it. I am just going from memory of newspaper articles. Also tankers were being held off the coast of Providence, R.I. and kept from coming ashore. Nevertheless it was a huge crisis.

        • Dale on the left coast

          Denniso . . . the Fault of the Enviro-freeks is the fact that we send 1/2 a Trillion dollars to buy Foreign oil . . . and are unable to drill for our own oil, which is plentiful and will keep us going for 100 years.

          • Denniso

            ‘unable to drill for our own oil’? We have thousands of wells all across the country…we pump millions of barrels a day. The way we consume oil w/ F250′s getting 12 miles/gal,we could drill on every sq ft of the country and not meet our gluttonous appetite for oil.

          • Denniso

            Has it occurred to any here, that maybe we are smart if we don’t burn through all our oil before the rest of the world does? That if we leave some in the ground for now and spend money,which is only any good for buying things anyway,on foreign oil that we will be better prepared in the future?

          • Jana

            Denniso,
            Its not so smart to shore up the economy of others while tearing ours down. Its not so smart to wait so long that we don’t have enough money to “buy things”. How can we be better prepared for the future when we are in danger now?
            Sorry, but that theory doesn’t make sense.

          • Denniso

            You don’t want to move toward alternative energy and you don’t want to initiate conservation and efficiency programs. Your and your rightwing buddies’ plan is to burn as much oil as possible as quickly as we can…watch the price continue to soar and the earth and people pay the price in more ways than one.

          • Jana

            Wow Denniso,
            Have you become a mindreader now too? I promise you you are not the only one on this planet that wants to find alternative energy sources. You sound like you want all or nothing. NO MORE OIL. Well that doesn’t make sense. If that is how you feel then you need to get off of oil completely and lead by example.

      • r.p.

        AMEN….

    • 45caliber

      see my note below about why the oil companies don’t want to use domestic oil. It will explain more to you.

  • http://charden@neo.rr.com Charles

    At the rate we are going it will take 30 to 40 year to become
    independed of oil. We need to contiue to look for new to ways
    in doing this. In the time it takes to find new ways, we can`t
    let this this country go to hell. The enviormentalist are probley
    as dangerous as goverment in taking us down the road of destruction.
    What good is all the oil we are saving for our children,if there isn`t
    a country left for them to prosper.There are so many things in this
    country that need to be fixed I don`t know where to begin.We are losing
    this country to special interest groups every day.We need to get back
    to the basics, what made this country great to begin with. If it takes
    drilling for oil,then damnit do it. If it takes closing the borders
    and sending the illigals packing, then damnit do it. If it takes doing away with welfare and uninployment and making families double up to survive, then damnit do it. If it takes puting God back to the head of
    our table,then damnit do it. We need to cut out half of our goverment
    programs and get ridd of this deficit thats eating us alive and will eat our children alive and their children. We can`t save the world,we just can~t afford it anymore.

    • 45caliber

      “What good is all the oil we are saving for our children,if there isn`t
      a country left for them to prosper.”

      I don’t know about you but my children are grown and need that oil now. If we were saving it for them, why then aren’t we using it for them? Actually, I believe that many of these so-called environmentalists are the tools of many people who plan to drill that oil and use it – but not until they can get paid ten dollars a gallon or whatever for it.

      I was told at one time that the reason we do NOT drill is because of some laws passed back in the 1920′s. The oil companies were afraid that they might have to pay big money for the oil to the owners. So they got Congress to pass a law that limited the price of oil at the well-head to $6.25 a barrel. That is the maximum they would have to pay for it despite what it might be on the world market. If they could run other countries out of oil – like the Mid-East – they could pump that oil and sell it for billions in profits.

      BUT – there was another law also passed. It limited their profits from oil to 10% of the expense at it level of processing. So if they pump oil in the Mid-East and pay $60 a barrel, their profit is $6 a barrel when they pass it along. BUT if they pump it here at $6 a barrel their profits would be only $.60 a barrel. So they will discourage every attempt to pump here as long as possible in the expectation they can get Congress to remove that law sooner or later when we really start hurting.

      In the meantime they drill the wells and then shut them down. They will already have them in place, ready to go, the moment they can get the profits they want.

      Isn’t this a lovely system?

      • http://! Angel Wannabe

        Well said 45!

    • Jay

      Hey charles, you should,t despair. These pricks that you mentioned are just that, pricks. One of their favourite tricks they like to play on us is intended, to drives us to despair. They do this by manufacturing crisis, with the purpose of scaring us half to death, and then tell us that they can saves us from them. All designed to make us heel. That’s a good doggy! Its nothing more then a mobster’s trick. The good cop, bad cop routine, except its played out by same evil s-o-b, so to speak. We should always keep in mind that there is a higher law, and a higher court, that’s above them. So we have to stop thinking of them as being above the law. They’re not! But if we think that they’re the only movers and shakers, then of course, the future looks quite dim. The solutions to our problems are simple, the only real problem facing us, is that we have corrupt numskulls at the wheel.
      Steady Soldier, and don’t let them rob you of your Faith!

  • http://charden@neo.rr.com Charles

    Hey Denniso,
    Welcome back, your 2 buddies, Bob wire and jopa are looking
    for you. I look at the 3 of you as the 3 stooges. Ha!!Ha!!

  • Ruben

    I thing there is a problem with all this commentaries. Most of us are not looking at the whole picture. You need to search more the internet. But you need to spend some time in the search and you will find out whats really is going on, like the soon coming devaluation of the dollar to zero and the introduction of the new word currency (they are working in the final details whit the different governments and after that will adopt a one word government), the consequent inflation of our basis products,(there will be a lot of pain for most of us) (this is the main reason why they are causing this chaos).The universal law and the human greed are at play (you can say good vs. evil). We are going to feel a very painful situation than can go from hunger to death form natural or man made disasters.

  • ONTIME

    Hillary Clinton of the left is now claiming that internet traffic is claiming that we are going to invade Lybia for the sake of oil and therefore the U.S. needs to have a hands off policy in the middle east…….I am a bit tired of hearing this kind of claptrap thinking based on a rumor taken serously by another leftist mental midget. The U.S. foreign policy is now in shambles thanks to this kind of oblivious ignorance and we are at greater risk now than ever in our history.

    • 45caliber

      It is like the liberal idea of why we invaded Iraq – we did it to take all their oil!

      As far as I can tell, all their oil is still going to Europe and we aren’t getting a drop of it. If we had invaded to get that oil, why aren’t we seeing it arriving here?

      Now they insist that we are going to invade Libya for the same reason. Yeah, right. Even if we did invade, which I seriously doubt, we still wouldn’t get a drop of that oil. Europe would. And I don’t believe we are Europe’s military arm.

      • http://?? Joe H.

        45 caliber,
        The only thing I’ve heard them talk of so far is a no fly zone! they already have a carrier steaming towards the gulf to be stationed there for awhile! Give him and the hilda beast time and we will be embroiled there as well!!

  • http://charden@neo.rr.com Charles

    Denniso
    Who would you blame other than Bush. It`s the enviormentalist, who put
    up a bitch, even at someone wanting to drill. Who wants to build billion
    dollar smoke staks on our factories, by your thinking, it must be Bush.
    Who wanted to cut of the water being shipped by a pipe line to Cal. to save some little fish and now because of it many farms and farming
    towns are going bellie up. Tell this to them Denniso. I could set here
    and go on and on where the eniormentalist have helped destroy many of our
    industries. You left wing loons, would have us going barefoot and eating
    wild berries for our main diet. You need to face up and quit smoking what ever you guys smoke and come into the real world Quit blaming Bush,he has been gone for over 2 years and if the truth was
    known your left- wing loons in Congress had as much or moore than Bush did, in this country having the problems we have today.

  • http://charden@neo.rr.com Charles

    Ruben,
    I think you are probley right. The forces of evil are at work and
    Obama looks to himself, as being the leader of this new world goverment.
    I think a lot that is going on is just to through us off, while the most evil minds (George Soros and the Rothschilds) in the world are planing
    to take over the free world and beyond.

  • BonnieMW

    We want to be energy independent. It is almost 100% unanimous in the US.
    I think we need to start drilling but also work on other energy sources.
    Also, We need tax credits to tax payers for purchasing hybrid cars that get 80 gallons per mile. It would cut our oil dependency by a huge amount. Most of all, we need to stop being co-dependent to the rest of the world and start taking care of ourselves, instead of getting involved in the rest of the worlds problems and not letting them figure things out for themselves.

    • 45caliber

      I think the main reason the politicians don’t want us to be self-sufficient is because they want a one world government (with themselves in charge, of course). If we were self-sufficient, there would be no reason for us to be pushed into that.

    • ValDM

      BonnieMW,
      I don’t know of any hybrid cars that get 80 MPG. the most I ever heard of is 62MPG. Where did you acquire your info?

      • http://?? Joe H.

        ValDM,
        Read a little closer! She said 80GPM!!! LOL!!! That’s the car the saudis want us to build, the 80 gallon per mile guzzlematic!!!

        • Vigilant

          Good catch, Joe. LOL!

  • r.p.

    Michael J. says:
    March 2, 2011 at 7:00 am
    Who gives a damn about a clean environment, if in the future the Chinese or the Arabs own it? Drill here, drill now before it’s too late. Go here and learn a little about our oil reserves, you might be surprised. http://www.eia.doe.gov/pub/oil_gas/natural_gas/feature_articles/2006/ngshock/ngshock.pdf http://energy.usgs.gov. http://www.usgs.gov/newsroom/article.asp?ID=1911

    Doc Sarvis says:
    March 2, 2011 at 8:29 am
    Bus,
    Ah yes, greed. I have no doubt that with oil prices rising there is plenty of incentive and profit margin for greed to find and extract the oil. The oil is not as easily extracted as the supply dwindles – part of the reason for the higher price is increased rarity. Incorporating more extraordinary means of extraction, though effective, can have other undesirable results. Fracking for instance takes a huge amount of ground water. This is a clean resource used by all forms of life including all of us-especially rural people. Having enough clean water is a looming global problem of its own. Anyway, not only does fracking take huge amounts of that ground water to extract the oil and natural gas resource it also horribly pollutes the local ground water so that it is unusable by the local population. Yes, greed will get us to the dwindling resource but it will also remove clean drinking water from the rural (often poor) population. I think you have been doing some homework Doc. Yet still there’s something missing. Fracking is just the beginning of the new technologies we are using to recover oil from our spent wells. We started this over 50 years ago. For some reason people believe we’ve got oil up the kazoo. That’s not true. The links I’ve provided will shed some light. Long before WWII some smart cookies saw what is happening today and began to buy foreign oil, in leiu of using up our reserves. That was a smart move, and may have helped to ignite the African conflict with the Germans and their axis. They figured it out too. And that was “Use the other guys oil first”. The Mideast oilfields are now at the stage we found ourselves over 60 years ago. They have to start recovery procedures that we have developed over the past 60 years to get the remaining oil out at a cost effective manner. I.E. horizontal drilling, fracting, high pressure steam. All of which are detrimental to the ecology, and more costly. Kinda like the Ontario oil sands. And the quality of the crude is nowhere near the Texas Sweet Crude, hence it is more expensive to refine. Apparently China has figured it out also. To my knowledge China has yet to develop their oil fields, or even map them. Could it be they are thinking “Use the other guys oil first”. FYI: America used 1/3rd of our oil reserves in WWII. Today 60% of our oil consumption is used up by our Armed forces, yet LAMESTREAMMEDIA would like you to beleive that Joe America is the big user.

  • 45caliber

    The world’s oil comes from the Mid-East, Venesuala, Mexico, Canada, Soviet Union and a little from the US and the North Sea. Brazil uses all they pump and then some.

    But there are vast amounts of oil in the world. Many deposits are larger than what the Mid-East used to have. (Today they are at about 15% of what they started with.) If we continued to use the oil as we are now, we would still have between 200 years and 2000 years of volumn, depending upon who you wish to believe.

    The oil companies want to continue to use the oil from the Mid-East if possible. Their arguement is that they spent millions developing those fields and they want to get as much back from that investment as possible. So? Why should I care?

    The largest known quantities of undeveloped oil in the world is in the US and Russia. I know nothing about Africa but it is almost certain that there are large fields there too. China is looking and finding some – I’m certain they will find more.

    So why are we so desperate to switch away from oil to something else? I have no problem with switching but we’ve been using – and developing – oil technology for 200 years now. We haven’t worked on wind or solar for more than twenty years or so. Let’s use our oil while we develop the rest of the energy resources. And in the meantime let’s also develop and use nuclear and coal. IT CAN BE DONE!

    • r.p.

      Show me ONE oil field that’s larger than Saudi Arabia. I’ve perused alot of technical data on oil fields, and have yet to find ONE.

  • chuckb

    everyone has forgotten we have a huge surplus of oil that was said would take years to dissipate on the market. this oil is purchased on the futures mkt. so now we have a little unrest in one of the oil producing countries that we probably don’t derive two quarts of oil from. this is all the oil companies and the speculators need to panic the market and up goes the price, standard oil has operated this way from the first barrel of oil they produced, when the market goes down invent a crisis. this country has known reserves of crude that would make us self sufficient and last more than two hundred years, by that time if we haven’t figured out something different then we deserve to lose. furthermore scientist have discovered oil is not a fossil fuel and is renewable. little is being said about that. wall street and the oil companies rule the world. the idiot in washington thinks the battery will save us, well, they run his toys.

    • r.p.

      I’m not sure where you’ve been getting your info, but I believe your are wrong. Although we consume most of the oil we produce, we don’t have the reserves you think we have. Here is an excerpt from a USGS survey you can find at this site. http://www.usgs.gov/newsroom/article.asp?ID=1911 “The Bakken Formation estimate is larger than all other current USGS oil assessments of the lower 48 states and is the largest “continuous” oil accumulation ever assessed by the USGS. A “continuous” oil accumulation means that the oil resource is dispersed throughout a geologic formation rather than existing as discrete, localized occurrences. The next largest “continuous” oil accumulation in the U.S. is in the Austin Chalk of Texas and Louisiana, with an undiscovered estimate of 1.0 billions of barrels of technically recoverable oil”. We consume over 6 billion barrels a year, so where does that put us. Technically recoverable” means we have to squeeze it out. It’s not a gusher!

      • 45caliber

        The Gulf oil reserves and the oil shale both contain VAST amounts of oil even though the oil shale is harder to reclaim. In fact the estimated oil in oil shale is larger than all known reserves in the world put together. That doesn’t count the one you mentioned at all. And there are may more as well.

        • r.p.

          The two I mentioned previously are the two largest formations known in the United States. The combined estimates of those two are just under 5.0 billion barrels. That’s what’s left in them that is assumed technically recoverable. These formations have been producing oil since the early 1900′s and they are petered out. The oil fields in the Gulf and along the eastern and western seaboards are discreet localized occurrences. I can’t remember the estimated volumes, but they are not vast, and we are already using a recoverable technology on many of them because they are also petering out. Hundreds of wells in the Gulf are already shut down because they are no longer productive. In the early 60′s an uncle of mine invested in the oil shale that was assumed to hold an approximate of 2 trillion barrels in the formation running from northern Texas to Wyoming. My Uncle never got rich and they still haven’t figured out how to cook all that oil out of all that rock. Go Here to find out more http://www.eia.doe.gov/pub/oil_gas/natural_gas/feature_articles/2006/ngshock/ngshock.pdf http://energy.usgs.gov. http://www.usgs.gov/newsroom/article.asp?ID=1911

  • lisa

    this is just one more reason we need to drill.

    with the oil prices and everything going on, my family has already changed its living habits, we are blessed to live in an area where everything is in walking distance and the stores make free deliveries. So we have been walking to our destinations or having items delivered. This cuts down on our costs but of course not the over all problem above.

    My opinion is that the reason why Obama is holding up drilling is because he wants to use the money and effort to propel his agenda for Solar energy and ethanol as well as his bullet train. I think its more about putting himself on the map(famous) in history for being the first president to nationalize solar energy and ethanol to the higher extent then protect the interests of the American people first.

    buying oil abroad makes us helpless slaves if they decide to cut it off. It cripples our economy when the prices soar.IT makes food prices raise and the cost of just about everything go sky high. I do want a cleaner earth, but we need to drill first and tackle the solar/environmental issue later!

    I mean its just common sense.

    I mean I’d love to buy new furniture and redo my garden, but…..would I shirk paying my bills and buying groceries to do it? I mean whats more important, a gorgeous home with a perfect garden, or feeding my kids?

    so whats more important?
    National oil security at prices we control?
    Or solar panels on every house that will take decades while Americans have to choose between a gallon of gas or a gallon of milk.

    Oh but wait, I guess we can all go on welfare,
    oops
    sorry forgot, between cutbacks and illegals taking all the welfare away that’s not an option either.

    So I guess we all just get to suck it up and live on ramen noodles right?

    But hey

    at least Obama will be the first president to really push solar,ethanol and create a bullet train right? I mean cause that’s soooooo much more important than oil and commodity price security right?

    Wow to think I voted for him, what the heck was I thinking?

    • http://?? Joe H.

      lisa,
      I only pray that there are many, many more like you out there that voted for him and are now having buyers remorse!!! 2012 can’t come soon enough!!!

  • chuckb

    r p

    all you say is fine and good, however, the usgs was reporting in 1973 that we had so much natural gas it would last forever while the environmentalist were crying the world is running out of crude oil and natural gas then prices started rising at the pump and propane started up. then when they started the panic at the pump the dealers hired the lundberg oil analyst as a propagandist, ( lundbergs were total whacko environmentalist) they reported to the news media of a coming price spike, there will be a $0.02 pg increase by this weekend, this was to cushion the blow to the motorist who will be expecting it instead of a surprise at the pump. meanwhile wholesalers and dealers were making huge profits, congress allowed the oil companies to merge and then they choked off the small independent stations. then congress allowed the oil companies to put crude on the commodities market, then it was illegal for them to bid on their own oil so they moved the exchange to london to avoid the u.s. law. so now they have the perfect scam, when things get slow they either create a crisis or use one that happens naturally, either way it makes no difference where it’s at it will somehow interrupt the delivery of crude therefore the futures market goes wild and the price of crude goes up. the idiot in the white house has no idea whats going on and believes we are running out of crude and should start running our cars on batteries, they have been trying this for a hundred years and still can’t get a car much farther than fifty miles on a flat surface. al gore has convinced the more feeble minds that oil is destroying the ozone and the world is burning up and we are running out of crude oil. in the meantime the investment companies and environmental groups are convincing people drilling oil in the u.s. will do no good, our fields are depleted and we don’t have hardly any reserves to speak of, so pay the high prices and be happy you don’t have to walk. that’s all baloney, we have reserves in alaska, pacific coast, the midwest, midsouthwest, loisiana and the gulf of mexico and all the way up the east coast. the usgs is made up of scientist who are more concerned to satisfy an environmental admin. so we get these weak reports on the oil reserves, they don’t lie they just don’t tell the whole truth.

    HE REAL SOURCE OF CRUDE OIL WAS ESTABLISHED THROUGH AN EXPERIMENT PERFORMED BY A COMPANY IN HOUSTON IN 2004. THEY DECIDED TO TEST A RUSSIAN THEORY DATING FROM THE 1960S THAT STATES THAT CRUDE OIL COMES FROM PLANKTON IN THE SEA. HERE IS THE THEORY:

    PHYTOPLANKTON PERFORM PHOTOSYNTHESIS AND ABSORB CO2 FROM THE AIR. THE PHYTOPLANKTON ARE EATEN BY ZOOPLANKTON THAT PRODUCE TINY SHELLS. WHEN THE ZOOPLANKTON DIE, THEY FALL TO THE BOTTOM OF THE SEA. THEIR ORGANIC MATTER ROTS, BUT THEIR SHELLS LEAVE BEHIND CALCIUM CARBONATE, CaCO3, A DURABLE CARBON CONTAINING COMPOUND. OVER MILLIONS OF YEARS THE CALCIUM CARBONATE BECOMES BONDED TOGETHER INTO SOLID MARBLE OR LIMESTONE.

    SOMETIMES THAT MARBLE IS THRUST UP OUT OF THE SEA AS IT IS IN PLACES LIKE VERMONT. IN OTHER AREAS, IT CAN BE THRUST DOWN INTO THE EARTH (SUBDUCTED). WHEN IT REACHES A DEPTH OF ABOUT 60 MILES, THE EXTREME PRESSURE AND HEAT CAUSES CALCIUM CARBONATE TO REACT WITH WATER AND IRON OXIDE TO PRODUCE NATURAL GAS (METHANE, CH4). WHEN IT REACHES A DEPTH OF ABOUT 100 MILES, CRUDE OIL IS PRODUCED.

    NOTE THAT WHEN WE BURN CRUDE OIL, CO2 IS RELEASED TO FEED THE PLANKTON, TO PRODUCE MORE CALCIUM CARBONATE, TO PRODUCE MORE OIL…
    THUS CRUDE OIL IS A RENEWABLE RESOURCE.

  • http://none RGard

    I see many responses by folks that have done a little reading or have heard ‘something’ that sounded promising. However, it seems they never really searched further. I see no mention of EROEI anywhere here. I suggest you all watch the video at the link provided below. In my opinion, it is one of the best explanations of what peak oil really means and it also addresses many of the alternative energy I see mentioned above. Please enjoy:

    http://www.eriktownsend.com/video-1-peak-oil-explained-for-investors.html

    • Thamera

      Thanks for the link. Very interesting.

  • Thamera

    @chuckb: too bad this post wasn’t at the beginning of this thread. It has made the most sense of most of the posts that I have read so far. Interesting how you NEVER hear other theories discussed, ever by anyone like the national media or our schools for that matter. I guess I shouldn’t be surprised since the environmentalists have been SCREAMING that oil is NOT a renewable resource and that oil is NOT in good supply and that in fact we are KILLING our planet since at least the early 70′s.

    I have a book that was given to me when I was just a kid in the early 70′s about our polluted planet. It said how all of our forests were going to die and all of our plant and animal life were being made extinct and how nothing would be left of the earth except devastation and destruction and the funny thing is that it was all supposed to happen before the year 2000. LOL

    I’m glad that I kept that book and still have it. It reminds me how often the scientific community gets things wrong or is constantly being surprised; like the fact that washing your hands was never practiced in hospitals until it was discovered that germs and disease were being transmitted from the doctors and staff to their patients, or the theory that infants could not feel pain, or the theory about the origin of sleeper waves, or the origin of matter, or black holes or any number of scientific theories once lauded as “truth” which are now completely laughable, such as the scientific theory that the world was flat and holds no merit whatsoever today!

    It also never ceases to amaze me how quickly we forget that science is not absolute and that a theory is really no more than an educated guess. Just like it never ceases to amaze me how many people will grasp onto a theory without doing any research of their own, such as the theory of global warming or the theory that oil is a non-renewable resource. Just as it never ceases to amaze me how so many people are so eager to condemn their fellow man as greedy, resource sucking, parasites that should be eradicated.

    This type of self hatred and putrification remains a mystery to me so thank you for introducing a new theory which could very well become much more plausible than the standing theories that we have about oil. Now, if people would only bother to educate themselves instead of continually jumping on the “bandwagon” heading down the street at the time because their favorite celebrity or politician is at the helm, we might be able to correct this road that we are on.

    • Jay

      Wow, thanks Thamera, that definitely needed to be said.

  • chuckb

    rgard

    the web site you referred to is quite interesting, however. this is an opinion of the same kind of people that are driving oil prices through the roof. he is an advocator of global warming (proven false)and he is in the futures market, that should say something. his theory of peak oil in the seventies is where i left him. that’s exactly what they want you to think, the so called oil shortage in the seventies was concocted. dealers were all crying the oil fields in saudi arabia are drying up, there was never an oil shortage, the oil companies had oil stashed in every barrel they could find and tankers being used as storage. so i don’t buy that argument. this guy townsemd is a futures trader and this is his business, i will admit he puts on a great presentation and i didn’t listen to the whole video. he makes his living on his theories and so did al gore, who made millions. i don’t buy his contention of peak oil, if you want to invest in oil futures you too may make millions.he has some to sell you. they will be selling you on peak oil in 2050.

    • karolyn

      Chuck – Global warming has NOT been “proven” false. There are a number of scientists who still hold to that theory.

      • Vigilant

        And since, as you stated, it’s a theory, it hasn’t been proven true either. On the contrary, in their zeal to fob off this theory, the pseudoscientists have skewed data, left out stats that would disprove their contention, and outright lied about their findings.

        As Thamera mentions, “It also never ceases to amaze me how quickly we forget that science is not absolute and that a theory is really no more than an educated guess.”

        When a “scientist” pushes a theory as immutable fact, he/she ceases to be a scientist and becomes nothing but a zealot with an agenda.

        • 45caliber

          A theory is simply a guess.

      • James

        Karolyn, About 14,000 years ago, North America was covered by a huge glacier down to about the Ohio River. Off the southeast coast of India, about 250 ft. below sea level, they discovered the remains of an ancient temple. Off the southeast coast of South America, there are paved roads leading out on the Atlantic floor.
        If anything, we are at the end of global warming.

      • chuckb

        karolyn, those scientist you speak of are hiding at al gores mansion in santa barbara, people with nets are looking for them. lol

      • JC

        That’s true Karolyn, there are still a few scientists clinging feebly to their theory. After all they were financed by people with an interest in Global Warming Futures. After all since their research was paid for by those people and they sold their integrity to come up with a plausible theory…how can they back out now?

        The majority of the so called “thousands of leading scientsist” weren’t even scientists.

        • Denniso

          The vast majority of climate scientists think that based on the evidence and models,climate change is ocurring and we are part of the problem. They and other intelligent people are just ignoring people like you and continuing on w/ their work and trying to get the policy makers to act on it.

          • Jana

            Denniso,
            On the news the other (radio) they stated that we are as warm now as it was in the days of Christ.
            Hmmm, now how did they cause this global warming? Too many sheep?

          • Denniso

            On the radio? You mean Limbaugh’s idiotic carnival? And who is ‘they’?
            If you care to,look at the science and think for yourself.

          • WayneT

            Money speaks to corrupt people, Karolyn. Do you suppose that some of these scientist could be getting big bucks to spin a story? Remember, scientist are just people, some of them are crooked as in all professions.

  • James

    I think we should ask ourselves: Why are we being held dependent on middle east oil? We have plenty of oil in Alaska, the Gulf and in the 48 states.

    • 45caliber

      I agree. But I think part of the problem is that Oblama has promised most of the oil to China if they will continue to loan us money to pay for all the things he wants.

      • chuckb

        45 c, you hit the nail on the head. if we could see thru the maze of politics, i would bet china is the answer and what you say is correct.

    • WayneT

      James, do you suppose some one could be getting paid off?

  • Polski

    These blogs are really funny. It’s not that anyone would think that there’s an endless supply of oil. And hearing from all of you that either work for oil companies or have invested heavily in oil companies. And then there is the destruction of our planet to satisfy all your greed. And then who was it the Catholic church attacked when he said that “no, the sun doesn’t revolve around the earth”. A scientist of the early vintage, several hundred years ago. And selective choices of scientists, “if they support my greed, then they are legitimate, if they don’t, then they are pseudo-scientists, and anyway, science is just guessing”……WOW…..LOL…..

  • Jay

    Polski, you sound like a turnip grown in a manure pile. By your brief and incoherent statement you made, intellectually frustrated, as well. What in the world was the point you were so haphazardly trying to make. I would be willing to bet, you have no idea! Do you? I find your line of reasoning not only faulty, but perverse as well. By the way, how were you able to access everyone’s employment and investment history. Your assumptions and implications, if you had half a brain, would make you blush with embarrassment. This is not helpful dude!

    • JC

      He’s just another Kool Aid drinker Jay.

  • Misanthrope in Seattle

    good one Myers, one of your best!

  • http://charden@neo.rr.com Charles

    Denniso,
    Once again it`s not a vast number of scientist who think
    globel warming is man made. The scientist you are talking
    about have been caught in lie after lie. I wish you would quit spinning your lies. Denniso, this is not the first time you
    have done this.

    • Denniso

      Read the science…95% of CLIMATE SCIENTISTS think,based upon actual evidence, that we are experiencing global warming and that human activity is responsible. You want to hide behind fools like Beck and Limbaugh nd let them do your thinking for you,as all the rightwing does…what a pity for you and the world.

  • jopa

    Charles;Could you once again tell all the readers about the time you came face to face with some aliens from outer space, but they left because there was no signs of intelligent life on this planet?

  • chuckb

    jopa, they weee the ones that knocked on your front door!.

  • jopa

    chuckb: Are you a part of my neighborhood watch program.There were no they weee ones knocking on my front door.Just your imagination being over active.

  • j. rocke. feller

    0 0
    net: “U = S. owes $195T, tril=tom, 12 zero, total debt+ i o u
    going out thru boomers era” Cant pay this unless sci.
    finds cheap energy soon.
    “West gov’s borrow just to pay interest now, cant
    pay principal” unless miricle discovery happens”

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