The Coming War for Oil
The Bear on Jun 24 2009 at 8:30 am | Filed under: Energy Policy
By all reasonable estimates the main source for energy for the balance of the first half of this century will be byproducts of oil. The only other energy source that is available is Nuclear Power Plants and in America today Nuclear power is a ‘taboo’.
But what is taboo in America is not the norm for the rest of the industrialized world that uses Nuclear Power to generate electricity to keep the wheels of industry rolling. But even with Nuclear Power there is no denying the need for oil for decades to come.
I think it safe to say ‘he’ who controls the oil reserves of the world controls the world.
Beyond the need to keep the wheels of transportation rolling, oil plays a dominant roll in our National Defense.
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As a side note: One of the main reasons that Nazi Germany lost World War II was they ran out gasoline and their tanks and their armies came to a standstill.
This is a sobering lesson from History and yet our energy policies in America today do not support the very realization of this lesson and we will have no one to blame but ourselves for letting our government putting us into such a vulnerable position.
I am not talking about the idea of tight supplies of oil what I am talking about is the possibility of NO OIL. A top expert tells Congress that oil will be around for a long time and high inventories and low prices are no excuse not to find more. Oil shock? How about a no-oil shock?
Daniel Yergin, chairman of HIS-CERA, testified before the Joint Economic Committee of Congress
Yes, I know we have enough untapped reserves of oil in this country to last for the balance of this century and longer but they are not available overnight. To quote our brain dead liberal friends…
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“It will take ten years before any oil will come on line after drilling.”
Can we afford to wait that long?
In the meantime while America chases windmills and solar panels the Great Bear of Russia is moving towards world dominance of oil supplies. Ivan has laid claim to the entire Arctic region and its abundance of untapped oil. The Ruskies have set up portable Nuclear Power Plants in the Arctic to support drilling and are determined to control world oil supplies.
Even last year’s invasion of Georgia (the country in the Caucasus area) by Russia has its implications of oil; through this area is a major pipeline that Russia wants to control.
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The Pipeline War: Russian bear goes for West’s jugular
Cold War Between Georgia and Russia
Talks on selling the pipeline to Gazprom took place at the end of last year, after Georgia was forced to accept a doubling of the price of Russian gas to 110 dollars per thousand cubic metres.
Note: Gazprom is the solely controlled Russian government oil company.
The Bottom Line – The price of a barrel of oil has doubled this year from about $35 to $70 / barrel. Many, if not most of us depend on gasoline to get us to and from our jobs so that the economy, such as it is, will remain, at least viable. The economic impact of this represents about $1,500 additional cost per year to the average family and any chance for economic recovery depends on consumer spending of disposable income, not additional needless cost at the pump.
If you’re like me, you are tired of feeling helpless as the price on foreign oil skyrockets but the cost at the pump is now far transcended by the issue of National Security and economic stability.
As our useless idiots in Washington sit on their …er …hands dreaming up new ways to push oil prices even higher and gasoline prices at the pumps higher still, here is what they have in store for us:
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“It’s a very nonsensical position we’re in right now,” Palin told us. “(We) ask the Saudis to ramp up production of crude oil so that hungry markets in America can be fed, (and) your sister state in Alaska has those resources.”
“The Domestic Energy Prevention Act” Soon To Be Introduced In the House
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“Leave it to Congress to try to take away the good news. Reps. Diana DeGette (D-CO) and Maurice Hinchey (D-NY) are expected to introduce a bill requiring hydraulic fracturing to comply with the Safe Drinking Water Act. Proponents of hydraulic fracturing fear that the natural gas boom could come to an abrupt end should EPA regulators apply this statute to natural gas wells.”
Colo., NY reps want regulation of `fracking’
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DENVER — The push to put a widely used oil and gas drilling process under federal oversight could gain ground with a new administration in place and concerns about the development of huge gas fields in the East.
And of course, there is the never-ending battle over Off Shore Drilling that puts most of our domestic oil fields “Off Limits” to drilling.
WAKE UP AMERICA or you will be walking to work!
Jack Gerard Discusses Energy Policy on CNBC
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Price of Addiction ### to Foreign Oil |
Related
Obama Contradiction: Nuclear power OK for UAE; not for the USA
President Barack Obama agreed Wednesday to share US nuclear power technology with the oil-rich United Arab Emirates, giving his consent to a deal signed in the final days of George W. Bush’s administration.
“The pact now goes to Congress, which will have 90 days to amend or reject it.”
“The agreement creates a legal framework for the US to transfer sensitive nuclear items to the United Arab Emirates, a federation of seven Middle Eastern states that wants nuclear power to satisfy growing demand for electricity.
“Although flush with oil, the emirates imports 60 percent of the natural gas they use to generate electricity. The United Arab Emerates wants to break its dependence on outside sources for its energy needs and settled on nuclear power as the best option.”
SideBear: Why don’t they use solar power and wind turbines, like the Liberals want the US to use?
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