Tag Archive: Energy Independence


Could US Lose Access To Keystone Oil? Canada Moves To Plan B

 

 

 

 

” Where crude oil is concerned, Canada waits for no country. It doesn’t matter how wealthy or how friendly that country is — or whether that country is the United States.

  With the Canada-to-Texas Keystone XL pipeline stuck in limbo on the U.S. side, Canada’s Energy Board recently gave a thumbs up to a $6.5 billion pipeline designed to carry 525,000 barrels of oil per day from the oil sands of Alberta to ships on the British Columbia coast. The final destination is most likely Asia. 

  The development has the U.S. oil industry attacking the Obama administration over its drawn-out process. 

“ It’s taken longer to approve the Keystone XL pipeline than it did to win World War II, longer than it took us to put a man in space, and almost as long as it took to build the Trans-Continental railroad 155 years ago,” said Jack Gerard, president of the American Petroleum Institute.”

 

 

 

 

 

 

 

 

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Oops, Narrative Fail: State Dept Concludes Keystone XL Pipeline Will Not Harm Environment

 

 

” TransCanada’s Keystone XL pipeline will not harm the environment, the State Department — in a blow to environmentalists who want to block the project — wrote in a newly-drafted report on the latest proposed route.

The report comes to the dismay of environmental activists. “We’re mystified as to how the State Department can acknowledge the negative effects of the Earth’s dirtiest oil on our climate, but at the same time claim that the proposed pipeline will ‘not likely result in significant adverse environmental effects,’” Sierra Club Executive Director Michael Brune said in a statement. “

 

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IEA: U.S. Has Resources to Become World’s Largest Oil Producer

 

 

 

” The IEA report, World Energy Outlook 2012, concludes that in just a few years the United States will be so awash in domestically produced oil it will surpass Saudi Arabia in oil production. Moreover, by 2030 North America as a whole will become a net exporter of oil.

Revolutionary advances in hydraulic fracturing (fracking) and horizontal drilling are making this dramatic turnaround possible, observes IEA. These technological advances have enabled energy companies to inexpensively unlock vast amounts of tight oil and natural gas in shale formations that were previously considered economically impractical for production.  “

 

“The recent rebound in U.S. oil and gas production, driven by upstream technologies that are unlocking tight oil and shale gas resources, is spurring economic activity—with less expensive gas and electricity prices giving industry a competitive edge—and steadily changing the role of North America in global energy trade. By around 2020, the United States is projected to become the largest oil producer (overtaking Saudi Arabia until the mid-2020s) and starts to see the impact of new fuel efficiency measures in transport. The result is a continued fall in U.S. oil imports, to the extent that North America becomes a net oil exporter around 2030.  This accelerates the switch in direction of international oil trade towards Asia, putting a focus on the security of the strategic routes that bring Middle East oil to Asian markets. The United States, which currently imports around 20 percent of its current energy needs, becomes all but self-sufficient in net terms—a dramatic reversal of the trend seen in most other energy-importing countries.”

 

 

 

 

Fracking Found Safe In New York; Let Revolution Begin

 

 

 

 

” Gov. Andrew Cuomo reportedly has been long aware of the February 2012 research compiled by state officials, who concluded that hydraulic fracturing could be performed safely in New York. Yet amid political pressure from the environmentalist lobby, he buried the findings. The report became public in recent days when a copy was leaked to a newspaper.

When Cuomo campaigned, he indicated he was open to approving the process, which has been shut down in New York since a 2008 moratorium. But he’s apparently nervous about crossing those opposed to it.

We suggest Cuomo stiffen his spine. The benefits of fracking are phenomenal.

Fracking uses fluids injected under pressure to shatter rock and release oil and natural gas. It is not a new process. But it has been modernized and is taking energy output to new heights. “

 

 

Oil report suggests an earthquake in global politics

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“It would be a breathtaking re-making of the international power structure, and only eight years into the future, according to the agency. Whoever replaces Barack Obama as the next president could preside
over the biggest change in political
dynamics since the U.S. emergence as a superpower. The forecast could also be totally wrong – sweeping visions of future
developments often are. But the agency is not alone in supposing profound results will follow from the rapid changes that have overtaken U.S. energy reserves with
the development of technologies that give access to previously locked-in supplies of oil and natural gas. Rice University’s
[external] Baker Institute reports that U.S. import terminals for liquified natural gas are already barely used and adds that
“developments in Canada, Brazil and the Americas more generally have tilted the center of gravity in energy markets toward the Western Hemisphere” for the first time in decades. “

 Why We Aren’t Producing Enough Domestic Energy

 

 

Remember, boys and girls , who said ” Energy prices will necessarily skyrocket ” 

 

 

“The vast majority of America’s new oil and gas production is happening on private lands in states like North Dakota, Alaska and Texas. The environmental review and permitting process on federal lands, however, is burdensome and keeps resources untapped.

As Heritage’s Michael Sandoval has reported:

…oil production on federal lands has decreased between fiscal 2010 and fiscal 2011 by 11 percent. Natural gas production has decreased by 6 percent in the same one-year span. It is down nearly 27 percent from fiscal 2009. Meanwhile, oil and gas production have increased by 14 percent and 12 percent, respectively, on private and state-owned land.

How did North Dakota pass Alaska and California to become the second-largest producer of domestic crude oil? Answer: sensible state regulations, advancements in technology, and the ability to drill on private lands.”

 

 

 

 

And who can forget this gem ?

“So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them … “

 

Cartoon by A.F. Branco

Video courtesy of Heritage.org

 

 

U.S. Has 60 Times More Than Obama Claims

  ” But the figure Obama uses — proved oil reserves — vastly undercounts how much oil the U.S. actually contains. In fact, far from being oil-poor, the country is awash in vast quantities — enough to meet all the country’s oil needs for hundreds of years.

The U.S. has 22.3 billion barrels of proved reserves, a little less than 2% of the entire world’s proved reserves, according to the Energy Information Administration. But as the EIA explains, proved reserves “are a small subset of recoverable resources,” because they only count oil that companies are currently drilling for in existing fields.”

If Only We Were Allowed To Drill

“On The Cusp of Another Energy Revolution?”

 

  “At Via Meadia, we’ve been closely following the burgeoning energy revolution in shale gas and oil. Owing to the fact of ongoing research in extraction methods finally coming to fruition, the U.S. was already headed toward full energy independence, with profound implications for both its foreignand domestic policies.

It turns out that this was only the tip of the iceberg. Huge methane deposits not only in the Arctic but all along U.S. coastlines portend centuries of abundant energy.”

…. William L Gensert from the American Thinker explains why Obama’s laziness will prevent him from destroying us after all .

  “I’m not sure that Obama’s intent has been to destroy America — more likely, he wants to remake the country in his own image, ignorant
that who he is is not what we aspire to be. Yet even if his intentions were indeed bad, as a faux great man (or is it a great faux man),
accomplishing this task is simply not within the scope of Obama’s “brilliance.”

  You see, America is blessed.

  It’s not just our natural resources. By some estimates, our nation has more fossil fuel reserves than the rest of the world combined. If we chose to do so, we could exploit these blessings and never, ever take another drop of oil from our enemies. Remove the monopolistic
power of oil from terrorist nations, and their particular tyrannies will crumble, allowing peace to thrive.

  With the royalties alone, America could eliminate deficits and pay off the national debt, while the lower prices of gasoline and electricity would result in an economic bonanza for the nation. To paraphrase Nietzsche , nothing cures the ills of a nation like prosperity. “

While those words may be anathema to the Left , somebody gets it .

” Mitt Romney is vowing to approve TransCanada’s Keystone XL pipeline on his first day on the job if elected U.S. president in November.

In a campaign ad unveiled on Friday, the presumptive Republican nominee asks voters to imagine Day 1 of his presidency, and lists Keystone as a top priority.

“Day One, President Romney immediately approves the Keystone pipeline, creating thousands of jobs that Obama blocked,” the ad’s narrator says.”

If we ever get a decent government we could give the Saudi’s the boot . 

” The Green River Formation, a largely vacant area of mostly federal land that covers the territory where Colorado, Utah and Wyoming come together, contains about as much recoverable oil as all the rest the world’s proven reserves combined, an auditor from the Government Accountability Office told Congress on Thursday.”

Yes , you read that correctly , ” as much recoverable oil as all the rest the world’s proven reserves combined “

  “The Interior Department is expected to issue long-awaited regulations for “fracking” on public lands as early as Thursday, according to industry officials closely following the rules.
   The regulations mark the latest effort by the Obama administration to exert more federal oversight over hydraulic fracturing, or fracking, the drilling technique that has helped usher in the natural gas boom, but has also raised environmental concerns. But the regulations — combined with recent Environmental Protection Agency rules aimed at cutting air pollution that results from fracking — could be politically treacherous for Obama going into the election.”

Whatever it takes to get $8 gas

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