June 23, 2011
bet that stimulus money is cranking too now. all for an election…
Why did Obama decide to release 30 million barrels of oil from the US Strategic Petroleum Reserves? What is his true motive? Is this an attempt to spike his approval ratings, political posturing? Obama realizes people will be consuming more gas, driving as the summer months progress. Hasn’t retail gas prices been on the slow decline the past 3 week period? Increasing drilling permits in the US will not decrease oil prices but releasing a 2-3 day consumption will. I wonder if Peggy has the money to put gas in her car or pay her mortgage now? via themadjewess.wordpress.com
March 12, 2011
Obama claims the glass as half empty without stating a correlative truth that the glass can fill itself.
Watch the latest video at video.foxnews.com ….He just can’t stop lying.
Each time Obama tells the truth, but the truth misleads. The final example towards the end of the video is the most interesting. Obama points out that America is two percent of the world’s crude, but the potential is there for America to be Seventeen percent of the world’s crude and therefor America could be completely self sufficient.
April 2, 2010
a ticking time bomb for the Left’s overlapping coalition of environmentalists and welfare-state liberals:
Obama justified his decision to allow drilling in the eastern Gulf of Mexico, the southern Atlantic and some coastal regions of northern Alaska on the grounds that it would create jobs and serve as a “bridge” to the carbon-free Brigadoon we’ve long been promised. The reality is that his decision was entirely political. Aiming to win vital Republican support in the Senate for some kind of bipartisan cap-and-trade legislation, he lifted the ban where the polling was in favor of doing so. Sound science, energy policy and economics were the last things on his mind. On that, there’s widespread consensus. Back when oil cost $140 per barrel, President George W. Bush lifted the executive ban on offshore oil drilling. Once elected, Obama quietly reinstated it. Since then, Obama’s Interior Department has been doing just about everything it can to slow, hamper and prevent oil and gas exploration in the U.S. and offshore. There’s no reason to believe the administration won’t keep doing that. Besides, Obama’s announcement actually bans more promising oil and gas reserves from exploration than it opens up: nothing in the Pacific, nothing in the western Gulf of Mexico, nothing in southern Alaska.
February 4, 2010
We might not always agree on ways to reduce dependency on foreign oil, but at least we request our leaders to be honest with us about what they are going to do. Obama promised more transparency and he has become the public relations president = A chronic liar
(Source: White House FY 2011 Budget, pg. 198)
Colombia sees reserves rise
Colombia could add as much as 6 billion barrels of oil to its reserves over the next decade if exploration holds at the current pace and state-controlled Ecopetrol boosts recovery rates, a top energy official said today.
Colombia’s National Hydrocarbons Agency will auction nearly 200 oil and gas exploration blocks in June as part of a programme that began in 2004.
The sales are likely to boost proven oil and gas reserves from a current 1.5 billion barrels of oil equivalent as investment picks up into one of Latin America’s fastest growing energy sectors.
“The optimistic scenario would be that we’d go to in excess of 6 billion barrels of oil between now and 2020 and that would bring us to a very comfortable position,” agency director Armando Zamora said in Toronto during the first leg of a road trip to present the auction to Canadian investors.
He said the official goal was to add 4 billion barrels in the decade.
Drilling set to get under way off Falklands
Desire Petroleum, the Aim-listed oil and gas explorer focused on the North Falkland Basin, said yesterday that two drilling slots using the Ocean Guardian rig had been assigned to Rockhopper Exploration.
The rig will be used on an upcoming exploration programme in the Falklands, and is expected to be in position mid-February after a two-month journey from the Cromarty Firth to drill the first well of the campaign on Desire’s Liz prospect, which has been mooted to contain up to 660million barrels of oil equivalent.
Following the Liz well the Ocean Guardian – a unit of Aberdeen-based Diamond Offshore Drilling (UK) – will go to Rockhopper to drill its Sea Lion and Ernest oil prospects.
Desire said advanced discussions continued with BHP Billiton which may lead to the group taking an early drilling slot, and so it was likely that Desire’s second well would be the fourth or fifth well in the drilling campaign.
The timing of later Desire wells will depend upon results from Liz, Sea Lion and Ernest.
The Ocean Guardian is to drill a minimum of four wells for Desire.
Desire has said that independent analysis had concluded that it had more than 3billion barrels of oil equivalent of recoverable resources in its top 10 prospects.
The British Geological Survey has estimated more than 60billion barrels of oil may be in the Falklands area.
BP is eying a new oil and gas exploration area in Indonesia’s West Papua province near Tangguh to boost reserves, an official at the Indonesia energy ministry said on Wednesday.
“BP has an intention to explore oil and gas in a new area in Western Papua and it has submitted its request. We welcome their intention and we are now studying their proposal,” Edy Hermantoro, a director at the ministry, told Reuters.
An official of BP’s Indonesia unit confirmed the company intended to expand its area in West Papua but gave no further details.
BP Indonesia is the operator of the Wiriagar, Muturi and Berau blocks in West Papua, which together have combined reserves of 14.4 trillion cubic feet (tcf) of gas.
Another Indonesian energy ministry official, who declined to be identified, said proven plus probable and possible reserves in West Papua’s Tangguh were estimated at around 23 trillion cubic feet of gas.
THE EARTH HAS NO SHORTAGE OF OIL – OR GAS.
PEAK OIL IS BS – A SCAM LIKE AGW.
OIL SHOULD BE $54/BARREL AND IT WILL BE SOONER THAN YOU THINK.