Friday, August 23, 2013

Fossil Fuel Reserves Largest In World : Obama Says No to Production - Why?

What are the reasons do you think for Mr Obama not wanting to make the United States energy independent? There is an easy answer and I know you know what is, it's the politics of power, getting it and keeping it by making sure the population has as few options for prosperity as possible, and therefore having to rely on others for survival, government.

Mr Obama, and his friends among the progressive socialists Democrats, believe by not allowing fossil fuel discovery on public lands they can limit the advancement of industry and individuals to become independent of outside controls on their public and private lives.

By limiting the amount of recoverable fossil fuel energy resources, they can control outcomes of their initiatives for 'green energy' production in compliance with environmentalist lobbies. The facts that surround green energy production, for now and the future, is so limited that to rely on solar, wind and biofuels to make this country an industrially viable, is to believe Americans are ready to return to lives that existed in the nineteenth century.

In truth, there isn't anything in Mr Obama's agenda that has anything to do with prosperity for this country, Mr Obama's agenda is just about the accumulation of power by any means necessary for himself and his party. This is the very essence of the progressive socialist liberal Democrats.

All one has to do to understand this is to look back on what has transpired over the last 5 years with the reins of power in the hands of the liberal Democrats. Voting for more of the same in 2014 and 2016 will assure self destruction. It's time to choose our own fate.

U.S. Oil Reserves Reach Highest Level in 28 Years
Source: Ashe Schow, "U.S. Oil Reserves Reach Highest Level in 28 Years," Washington Examiner, August 14, 2013.
August 20, 2013

U.S. proven reserves of crude oil and lease condensate totaled 29.5 billion barrels in 2011, a 15 percent increase from the previous year and the highest level since 1985, according to a new report from the Energy Information Administration (EIA). Crude oil proven reserves alone totaled 26.5 billion barrels, a 14 percent increase from 2010, says the Washington Examiner.
  • Liquid natural gas proven reserves (which contain methane as well as ethane and butane) also increased in 2011, up to 348.8 trillion cubic feet.
  • That's a 10 percent increase from 2010.
  • Dry natural gas proven reserves (which is just methane) increased 10 percent as well, to 334 trillion cubic feet.
President Obama's frequently repeated claim that the United States only has 2 percent of the world's oil reserves is misleading.
  • While the United States has only 2 percent of the world's proven oil reserves, it has more total recoverable oil than the rest of the world's proven reserves combined.
  • That means the United States can and should be energy independent, regardless of what happens with alternative sources like wind and solar.
But thanks to regulations and world events, it is becoming far more expensive to produce oil, according to EIA. And while oil reserves are up, production on federal lands is down, and has been falling ever since Obama took office. The increased production comes mostly on private lands not subject to much of the regulatory burdens associated with public land.
 

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