Which, I’m pretty sure is racist.
Meanwhile, in yet more racist hate speech, experts at the Institute for Energy Research smear Obama over the President’s very bold public energy claims:
On Saturday, President Barack Obama claimed that under his administration, oil production in America was “at an eight-year high,” that the number of operating oil rigs had quadrupled, and that millions of acres had been opened for drilling, which were assertions that did not present all the facts, said energy experts.
While Obama’s comments were technically accurate, he was leaving out vital information that gives a fuller picture of the situation, according to the Institute for Energy Research (IER). “Of course, he’s right — to a point,” the DC-based energy group told CNSNews.com in an e-mail.
“In classic fashion, he’s using a technicality to skirt the facts and keep the myth of energy scarcity alive,” the IER email said. “The reality is that the U.S. has enough recoverable oil for the next 200 years, despite only having 2 percent of the world’s current proven oil reserves.” (Emphasis added.)
“Declaring that “the U.S. has only 2% of the world’s oil,” which Obama has done, “is akin to saying that the only gasoline we will have is that which is in our tanks,” said IER. “The president should know better, and if he does not, his secretaries of Energy and Interior should tell him.”
What the president leaves out, said the IER, is technically recoverable oil, oil we know about but cannot access due to government regulations.
“Proven oil reserves are not all of our oil resources—not even close,” the group said.
According to statistics provided by the IER, the United States has 1,442 billion barrels of technically recoverable oil.
As CNSNews.com has reported, oil production on federal lands declined in fiscal year 2011 from fiscal year 2010 by 11 percent, and natural gas production on federal lands dropped by 6 percent during the same timeframe.
In contrast, oil production on private and state lands accounted for the entire increase, reported the IER, as production was up 14 percent from 2010 to 2011. Natural gas also was up 12 percent from 2010 to 2011.
Okay. But to borrow from the great Nigel Tufnel, that’s just nitpicking, isn’t it?
On a wiki page the have total world “proven” oil reserves at 1,392 billion bbls with the US having 20 or 21 billion of that which gives us 1.5 % or so.
However on another page they go into more detail which shows the US having:
Then they have these two statements:
And:
Interesting that “There is no significant commercial production of oil from oil shale in the United States” and yet “Shale oil production made up 21 percent of output in the lower 48 states in 2010”.
Now if we are producing shale oil economically and it was to be included in our reserves then we would have 2,309 billion bbls of oil and the entire rest of the world would have 1,373 billion bbls which would mean we would have 63% of all the world’s oil reserves.
This is not to even speak of the natural gas reserves where we have about 350 billion bbls, energy equivalent, natural gas.
Our energy problem has one name, Progressive Democrats.
Geoff, Geoff, Geoff…none of that math stuff, now. You know that math is hard for progressives. Plus, Geoff, you hurt the sensitive feelings of progressives when you add facts to go with that hard math stuff.
Hater.
I linked this in an earlier thread:
Incidentally, the guys on the radio just now were talking about gas being 15 cent/gal in Venezuela.
I thought the petroleum industry coined the phrase “black gold.” Surely they can’t be racist!
I’m pretty sure shale oil and oil shales are two different things. Shale oil being the stuff that you extract from shale by crushing it up and cooking it, oil shales being the geologic formations where petroleum is found sandwiched between layers of shale.
Hey, there’s a lot of oil shales here in Northeastern Colorado.
See also Baaken Formation in ND and Eagle Ford in Texas.
Hummm, this could get interesting.
Rush Limbaugh tells a regretful Sleep Train mattress company requesting the restoration of advertising on his show that his new sleep number is 86. Heh!
http://www.businessinsider.com/which-advertiser-begged-to-resume-advertising-on-rush-limbaughs-show-and-got-rejected-2012-3
” to Sleep Train President Dale Carlsen:
Thank you for your requests last week and this week to restart your voiced endorsement in local markets of The Rush Limbaugh Show, Rush received your requests personally.
Unfortunately, your public comments were not well received by our audience, and did not accurately portray either Rush Limbaugh’s character or the intent of his remarks. Thus, we regret to inform you that Rush will be unable to endorse Sleep Train in the future.
Rush appreciates your long friendship and your past support, and we wish you good luck in the future. “
OT – P90X 2, day 2 update.
Plyocide review : oh mama.
It was shorter than the p90x plyo, but my was it hard. None of the moves were too tough to do, but a couple of times I had a pretty hard time catching my breath before the next set.
(And I work out a lot. )
I did do another 20 min of straight forward cardio afterward, but I’m trying to amp up conditioning for my summer running plans.
You are probably right Ernst as long as you reverse the oil shale and shale oil in your statement.
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I knew what I meant by shale oil and oil shales.
Really geoff, if you didn’t want the NaCl, why’d you send boy over to fetch you back the pepper?
OT
Jeff, do you think in honor of today you might throw a bit of pie our way? It’s been a while.
Nice little trick with that linky looking non-link there.
I did know what you meant but it was going to be a confuse-ed mess to make sense of later unless some liquor is applied first.
It was supposed to go to the wikipedia entry for Tight Oil.
Don’t ask me what went wrong though.
For what it’s worth, there’s a big difference between ‘shale that contains oil’ such as the Bakken Fm., and ‘oil shale’ that contains kerogen. As geoffb links, there is no significant commercial production of kerogen oil from oil shale in the United States. However, Shell just produced their first 1700 barrels of kerogen-based oil from the Piceance Basin in NW Colorado, so commercial production is just around the corner.
Bottom line: What constitutes “technically recoverable oil” is changing rapidly as our technology improves. Oil from the Bakken — and from the Niobrara Fm. in NE Colorado/SE Wyoming — is conventional oil, but wasn’t technically recoverable until directional drilling was developed, now it’s a major boom. Give ’em a few years to iron out the bugs and all that kerogen-containing oil shale in NW Colorado/SW Wyoming will be “technically recoverable”. One thing’s certain, we’re not going to see “peak oil” in our lifetimes despite to constant drumbeat of doom.
the
Man, oil-containing shale is really pretty rock.
That’s all I’ve got right now.
the commies have it you don’t get it
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Legal at last.
Plyocide review
Sounds like a pre-trial hearing for someone what murdered a sheet of plywood. Or a lasagna.
You want to know why we have problems producing oil in the country? We have a Department of the Interior, AND an Energy Department AND the EPA, all empowered to enact,enforce, impede and conflict with each other on sensible energy production requirements, under three separate Presidential appointees with all the guaranteed partisan baggage that entails.
Energy and EPA should be at best seconday bureaus under Interior, not cabinet level seats in their own right.
For the added info.
“Scarce Oil? U.S. Has 60 Times More Than Obama Claims“