Tuesday, February 15, 2011

Obama says oil is the energy of the past...

and Rush asks a very good question. If that's the case, what's the energy of today?

I movied to Cheyenne, Wyoming about 3 or 4 months ago, and I'm just waiting for summer to come so I can drive around to the various dinosaur sites in Wyoming and Colorado. Problem is, gas today, here, is at $2.85 a gallon, and by the time summer comes around it'll probably be $3.00 a gallon. So it's going to cost me soooo much in gas to go driving to these locations, then tthere's the hotel bill...I can afford it, but how many more tourist sites are going to close in the coming year(s) because no one can afford to visit them?

But it's all part of social engineering. Americans wont' travel as much if the cost of gasoline is so high, so there won't be much fossil fuel burned, so pollution will be less. And the fact that people who have had businesses for decades will be out of work...that doens't matter.

And since states will not have the gasoline tax income that they have today...they'll have to raise taxes on other things, eh? Just as once cigarettes disappear, they'll have to raise taxes on other things... the law of unintended - or perhaps intended - consequences.
RUSH: Now, as to oil, "the energy source of the past," he says. I have a story here by Jonathan Fahey, the energy writer for the Associated Press: "New Drilling Method Opens Vast Oil Fields in the US." I'll give you some quotes from the story. "Unemployment in North Dakota has fallen to the lowest level in the nation, 3.8 percent -- less than half the national rate of 9 percent. The influx of mostly male workers to the region has left local men lamenting a lack of women."

That's how many guys are showing up in North Dakota to work. "Convenience stores are struggling to keep shelves stocked with food." Have you heard about this? Are you aware of any of this? Well, the reason is they found a new way to extract oil from the Bakken fields, and "Within five years, analysts and executives predict, the newly unlocked fields are expected to produce 1 million to 2 million barrels of oil per day, enough to boost U.S. production 20 percent to 40 percent," until Obama hears about it and puts a moratorium on it because it's, supposedly, "the energy source of the past," or because it's too dangerous.

"The U.S. Energy Information Administration estimates production will grow a more modest 500,000 barrels per day." "A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude. Companies are investing billions of dollars to get at oil deposits scattered across North Dakota, Colorado, Texas and California. By 2015, oil executives and analysts say, the new fields could yield as much as 2 million barrels of oil a day -- more than the entire Gulf of Mexico produces now," which, half of it is now under a drilling moratorium for seven years. We're talking the Bakken field among other places.




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