Tag Archives: oil reserves

WHICH NATION HAS THE LARGEST OIL RESERVES?

Obama is fond of saying that the United States has just 2% of the world’s oil reserves but consumes 25% of world production.  Sometimes he says 20% so you don’t know which to believe, 25, 20 or the truth.  But the big lie is the 2%.  The U.S. has more oil reserves that any other nation, in fact more oil reserves than all the other nations.

“The Green River Formation–an assemblage of over 1,000 feet of sedimentary rocks that lie beneath parts of Colorado, Utah, and Wyoming–contains the world’s largest deposits of oil shale,”Anu K. Mittal, the GAO’s director of natural resources and environment said in written testimony submitted to the House Science Subcommittee on Energy and Environment.

“USGS estimates that the Green River Formation contains about 3 trillion barrels of oil, and about half of this may be recoverable, depending on available technology and economic conditions,” Mittal testified.

“The Rand Corporation, a nonprofit research organization, estimates that 30 to 60 percent of the oil shale in the Green River Formation can be recovered,” Mittal told the subcommittee.  “At the midpoint of this estimate, almost half of the 3 trillion barrels of oil would be recoverable.  This is an amount about equal to the entire world’s proven oil reserves.”  [Emphasis added]

And that’s just from 3 states in the middle of the country.  It doesn’t include Alaska, Texas , the Gulf or any other of the many oil fields around the country.  2% – Phooey!

KEYSTONE and OBAMA – THE VIEW FROM CANADA

Canada has the worlds third largest petroleum reserves.  There is no cheaper way to import crude oil into the United States than by pipeline to Canada.  There is no nation with whom we are on better terms than we are with Canada.  If we maximized governmental support for exploration, production and transportation of U.S., Canadian and South American reserves, after a few years we would not need to buy one barrel of crude oil from mid-east suppliers.  In fact they would become reliant upon us for their energy needs because we have the refineries.

One Canadian broadcaster minces no words as he tells the audience his views from across the border. You can hear his strong words here.

 

IS THERE NO SHAME?

There comes a point when the bigger and bolder the lie the harder it is to disbelieve.  There was a movie made with a scene that illustrates the point very well.  It may have been How to Cheat On your Wife with Bobby Morse, I’m not sure.  The scene starts with a man and woman enjoying each other’s company naked in bed.  The man’s wife comes home unexpectedly with grocery bags in hand and catches the pair before they can get out of bed.

The wife launches into a series of furious tirades.  Without returning a glance or uttering a word the cheating pair fly out of the sack, dress, and make up the bed.  All the time this is happening, the wife is right there screaming bloody murder at the two of them.  Shortly the bed is made, the woman is gone and the husband is relaxing in his usual chair reading the evening paper as his wife continues her angry rant.  He lowers the paper and asks “What’s the matter dear?”  His wife comes down an octave and yells something about “That #%&*  woman…” “What woman?” he asks.  “There’s no other woman here.”

The episode ends with the wife taking a puzzled look into the bedroom which appears completely undisturbed, heaving a sigh and calmly asking “What would you like for dinner dear?”  The point is if you are bold enough to tell a lie that is big enough with a face that is blank enough to a person who is gullible enough and wants to believe you enough, and then if you are dishonest enough to try it, you just may get away with it with many people.

Anyone who knows Barack Obama is President of the United States knows he has been adamantly opposed to completion of the Keystone Pipeline.  He still is.  He gave a speech in Cushing, Oklahoma declaring he is giving a fast tract to the project but the truth is he is blocking it.  Obama has approved a portion of the line over which his approval is not needed and continues to deny approval for the portion where his approval is needed.

There are sufficient oil reserves on U.S. territory to meet 100% of our domestic demand for 200 years.  Obama says repeatedly that we have just 2% of the world’s reserves and use 20% of the supply.

The Obama administration has not laid down one inch of pipeline.  Obama says he has lain so much pipeline that it would reach around the world.

Obama says domestic oil production has risen during his tenure.  That’s true.  It has risen in spite of his efforts to stop it.  Production from land subject to Federal leases has declined.  The only increase has been on private lands over which Obama has no control.

Obama specifically chose Solyndra to be the poster boy for his administration’s government green energy program.  He flew to California to give a long speech at a Solyndra plant holding the company up as one of the finest examples of what his administration is doing to reduce our dependence on foreign oil.  Now he says “this was not our program” then blames the Chinese for its failure.

Let’s hope the lies are told often enough that voters will see through them enough to throw the bum out of office.  We have had enough!

VENEZUELA’S OIL RESERVES

Reports have just been issued that Venezuela’s proven oil reserves now surpass those of Saudi Arabia. The report is official. It comes straight from the Venezuelan government. But official and truthful are not the same thing, especially where Chavez is concerned. For the claim to be true, new discoveries would have had to add 41% during 2010 alone. An increase of 10% would be extraordinary.

Furthermore, a barrel is a measure of quantity and says nothing about quality. Saudi oil is light and sweet. Venezuelan crude is thick and impure. It requires greater refining and usually needs to be mixed with sweet light crude oil in the process. Extraction is easy in flat Saudi Arabia and difficult in Venezuela because it is found in the mountainous region surrounding the Orinoco River.

The South American country’s reserves are substantial whatever the real numbers may be, but they are no threat to Saudi dominance. Chavez is pumping up Chavez, not new oil, with his claim.