Category Archives: Oil

USA Frack Surpassing Saudi Arabia As Glut Producer

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As vivid as the gas flares in the Texas sky at night, is America’s new-found love affair with fracking. Environmentalists from both the left and among libertarians warn loudly of water contamination disasters and some home owners speak of being rattled by man-made earthquakes, but there is no giving it up the pace now. It’s a whole different world to 2008, when the US oil production snapshot was at a historical low and Sarah Palin was drawing liberal ire declaring that “Drill, Baby Drill!” was the answer to all of America’s problems. Suddenly she seems to have been right, and there is still the Canadian pipeline to be built.

America will see captured output touch 70 billion cubic feet a day in 2014, reaching over 100 billion cubic feet per day by 2040. In the past days, Bills have been tabled in both houses of Congress demanding that the federal government speed up the granting of licences to companies to export natural gas across the Atlantic precisely to reduce the dependency of Western Europe and Ukraine on Russian supplies. Among those wading in is House Speaker John Boehner. “The US Department of Energy’s excruciatingly slow approval process amounts to a de facto ban on American natural gas exports that Vladimir Putin has happily exploited to finance his geopolitical goals,” he said in a statement last week.

Building the infrastructure to export quantities needed to alter the energy politics of Europe will take several years. Nor will changes in America’s foreign policy stance because of its newfound oil fortunes become obvious overnight.

How long America’s shale boom will last is hard to forecast. In Texas, which on its own is set to increase production to 4 million barrels a day this year, the drilling peak still hasn’t been reached, says one expert. But, he suggests, “in the end it’s not the oil fields or the wells that will determine where all this goes. It’s the politicians around the world who set the price and make the markets.” Increasingly, the decisions that matter will rest with the US, as it adjusts to its new status as a glut producer.

Read it all.

In What Campaign Are Not Apples and Oranges Both Fruits?

Obamapoints
Obama Fingers The American People
THE VOTING HABITS OF THE AMERICAN PUBLIC are hardly static, but stunningly dynamic. They must be won like territory in a hot war, but through persuasion—through explanation, argument, rhetoric, reason, the parsing of life itself sometimes. One must fight for ground; one must be bold; one must penetrate into hostile territory, awe the opposition, and seize what he holds dear. The one thing one should not and can not do effectively is to fight from a holding position. That is, and has been the anemic strategy of the GOP leadership for decades.

As Sun Tzu put it, "If the enemy leaves a door open, you must rush in."

The constitutional side is far too busy trying to find ways to surrender. But it can not be that way; the once significant GOP of Ohio stalwart Robert Taft is philosophically distinct from the Obama/Alinsky nouveau socialists. We must give the America public a clear distinction between failed policies and wishful policies! Constitutional patriots and global Marxists and their sordid friends. And most of all, don't be ashamed of who you are, because ultimately, that steadfastness, that personal command of the tough but honest truth, is what will meaningfully rally people to your side. Are not apples and oranges both fruits? Fruits hanging from a family of trees, fruits falling like perfect guests of planet earth when ready for the harvest?

NEED A FIGHTING CONTRAST between Romney and Obama? The next time someone says that battle ready Mitt Romney is the same as Barack H. Obama...

* Ask them to produce a list of mad terrorists foreign and domestic that squeaky clean Mitt Romney has befriended (and no, Dick Cheney and Don Rumsfeld don't count, for rather obvious reasons).

If they can produce answers to all of those—we’ll procede to round 2. Having gotten that out of our system, we continue to shout, “We’re Impressed! Gingrich/West 2012!”
* Ask them to name an occasion where Mr. Romney has bowed to anyone in a foreign land as a Representative of the United States of America.

* Ask them to produce evidence that Mr. Barack H. Obama's business experience even after four years in the White House is comparable to Romney's.

* Ask them to produce proof that President Obama's charitable contributions are as significant as Governor Romney's.

* Ask them to name a radical anti-American Church or other religious establishment that Romney has attended for over 2 decades.

* Ask them to produce proof that Mitt Romney has illegally used cocaine and marijuana.

* Ask them to name an occasion that Mitt Romney criticized the proper actions of a police officer from high office.

* Ask them to name any associates of Mitt Romney that have been active practicing subversive members of the Communist Party.

* Ask them to produce the identities of any illegal alien Romney family member that he is protecting from deportation.

If they can produce answers to all of those—we'll procede to round 2.

Meanwhile, all earnest political junkies worth their stars and bars should grab up a Tasty Granny or a Juicy Navel and head over to American Thinker for some of the best American political writing and short commentary on the Internet.

Having gotten that out of our system, we continue to shout, "We're Impressed! Gingrich/West 2012!"

Happiness is a shadow of harmony; it follows harmony. There is no other way to be happy.
-Osho

Oi! Oi! Oi!

THERE IS A REASON we do not develop our own energy resources...they are being held as collateral for our massive debts held by foreign countries. When we default you will see Chinese oils workers, miners, and other energy related workers showing up in the USA. They will live in separate autonomous communities apart from us, just like they are doing in Africa.

We are destined to be a resource of the Chinese with our population being irrelevant. In order to create a new world order, the largest pool of free thinking people has to be destroyed.

If you think me insane, look to Iraq. The Chinese are drilling for oil there, the USA is not. We have given them the oil as long as they give us loans. The government, Republicans and Democrats alike, have sold us out. Look on line to find the transcript of the speech given by Chinese General Chi Haotian to see the future the Chinese envision for us.

sopwith

That's an interesting take on things. But man, does it make me say ouch! I wonder how a President Palin, or a President Trump, God help us, might supercede this arrangement.

Piercing The Political Tick

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Found this sharp stab at political-economical consciousness at the always provocative American Thinker in a few words posted by the self-identified AWARE54397, and from my own current sorry state of economic ruin all I can think to add to the soil is this—Damn. I wish I had written those two paragraphs. The political tick, blood-filled and bulging. Quite a fit description of the body politik...

So let us get on with the rain seeding...

It won't matter if gold and oil are pumped out of the ground in record quantities, there is no recovery, no "rebound". The problem is the same as the Soviets, who despite huge natural resources and a willingness to exploit them much more ruthlessly than we, continued down the road of want, shortage, and economic oblivion. Our problem is political not economic. The political class runs the economy and it is that simple. The political tick is now bigger than the economic dog. Do you think any benefits derived from increased oil production won't be siphoned off by the usual political bandits through the instrument of wealth destruction called government for the enrichment of the favored cronies?

Until the scope and power of government is severely curtailed no amount of wealth will change the worsening economic picture. With more government than we can afford the profit will always go to support it, not us.

Perhaps these also apply:

Mr. Obama is exactly what he has proclaimed he is many times over, and that is a "Citizen of the World"; a Globalist. A Globalist, who is familiar with and identifies more with Muslim culture than Judeo-Christian culture. Those people who refer to themselves as "Citizens of the World", or as "Global Citizens" believe the United Nations should be the sole arbiter for every international solution (i.e. AGW). It is the United Nations Agenda 21 which we are seeing being implemented in this country in a gallop under this administration.

These Globalists are the new NAZI movement except that instead of being nationalists they are internationalists. It is an international socialist movement which embraces the same totalitarian goals which Islamofascists pursue. Both are para-theo-political belief systems and constructs.

The parallel is that the Globalists are the new NAZI Party and the Islamofascists are the new Italian Fascists from WWII. Guess who gets to play the new Jew? The Conservative Constitutionalists, and Judeo-Christians get the role of the European Jew of WWII.

I hope that answered your question. Now have a "rooping" good day.

UN To US, Frack Natural Gas Deposits Now

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US Shale Gas Formations

AS AMERICANS CONTINUE TO FRET the vacuous insanity of current US-Middle East energy policy, I have been among those writing and talking to anyone who can whistle Dixie about the untapped wealth America has packed beneath our feet and below our water tables in the form of shale gas.

The United States is the Saudi Arabia of natural gas, and boasts the four largest fields in the world. The Haynesville field in Louisiana (with production up by 77 per cent in 2009); the Fayetteville field in Arkansas and the Marcellus field in Pennsylvania (both with production up by 50 per cent); and the Barnett field in Texas and Oklahoma (with production up by double-digit increases).

These core centers of potent gas are trapped in shale rock that can be liberated via a process called hydraulic fractioning, more commonly called fracking. Wells are drilled several miles into the earth's crust, greased by a stream of water, sand, and a minor amount of chemicals to fracture the rock and release the gas. All this happens far below the surface and the water tables. Natural gas is relatively clean-burning, is located on-shore, and is American energy wealth writ large.

Behold. Now we get a report from the United Nations, of all places, that asserts America can indeed be on the verge of energy independence and can become one of the world's great exporters of energy because of these shale gas and oil reserves. Natural gas is the one commodity that has been plummeting in price and delivering an economic jolt of its own for consumers more accustomed to higher energy prices.

But why are we not rushing to pump this available gas? That's where the news stops being news, and becomes the same old dog and pony show. In other words, where there's a formidable US energy supply, there's a yellow dog Democrat blocking the way.

Perhaps we should update the reference, and start calling these ridiculous "greenies" the green hornet Democrats, because they can't help themselves but to stir up a lot of wicked buzz and stinging hot air with Speaker Pelosi most assuredly their queen.

Read more.

Can Norway Save America, The Gulf, Our Shrimp?

A COMPANY IN NORWAY has invented a machine they call the OS-1 estimated to separate a million gallons of toxic oil and sea water a day. Does the Oil Swallow work as hyped? Will the President heed the call to send it into the Gulf? Will America be saved. Stay tuned. There's no government mistake worse than overlooking the obvious...

Day 50 of this devastation hovers as we recall the haunting countdown during Iran hostage crisis of the Carter administration. Will the White House respond to the outreach, or continue to bumble through? Word is they are turning down help from foreign entities because of the Jones Act, but the truth is the Jones Act has been waived several times already, including by the Bush administration. This is absolutely NO RATIONAL POINT to limit our clean-up opportunities, only political points. Keep an eye on the fall-out in the coming days, weeks, and months. It won't be pretty.

Blood For Oil Gone Awry

iraqioil
Iraqi Oil, American Blood
Isn't this the sorriest of outcomes with the loss of American blood and treasure in Iraq—to be scooped by the yen-manipulating Chinese and the increasingly belligerent Islamic Turks? Can someone tell us how much oil are we now getting from Iraq? Word is China has also bought into the Alberta Oil Sands, a major supply to the US, while the libs scream for a boycott of Canadian "dirty" oil..

Fred Kagan writes in No Blood For Oil:

One would have thought that leading Democratic senators who claim to be interested in finding other sources of funding to replace American dollars in Iraq, in helping Iraq spend its own money on its own people, and in lowering the price of gasoline for American citizens, would have been all for it. Instead, Senators Chuck Schumer, John Kerry, and Claire McCaskill wrote a letter to Secretary of State Condi Rice asking her "to persuade the GOI [Government of Iraq] to refrain from signing contracts with multinational oil companies until a hydrocarbon law is in effect in Iraq." The Bush administration wisely refused to do so, but the resulting media hooraw in Iraq led to the cancellation of the contracts, and helps to explain why Iraq is doing oil deals instead with China.

Go figure...

CNOOC Ltd., the Hong Kong-listed unit of China National Offshore Oil Corp. has partnered with the state-run Turkish Petroleum Corp. (TPAO) to win a contract with Iraq to develop the lucrative Missan oil-field in southern Iraq, marking CNOOC's first upstream access to Iraqi oil following its two major rivals, CNPC and Sinopec.

According to CNOOC, the 20-year contract includes an increase of Missan's production capacity to 450,000 barrels per day from the current 100,000 barrels a day within six years. CNOOC has agreed to price every additional barrel of oil produced after capacity rises by 10 percent at US$ 2.30.

CNOOC will be the operator and hold 63.75 percent of the interest. TPAO will have 11.25 percent interest while an Iraqi drilling company will hold the remaining 25 percent....

The other two major Chinese oil companies, CNPC and Sinopec, have also gained a foothold in the Iraqi oil industry. In November 2008, CNPC and China North Industries Corp. set up a joint venture and signed a 20-year development contract for Al-Ahdab Oilfield....