The President's Oil Reserves Lie

Discussion in 'Current Events' started by Philobeado, Jun 16, 2010.

  1. Philobeado
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    Philobeado Active Member

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    this article puts the truth up against the Obama BS....

    "Tuesday night, following a tour of the Gulf Coast area, the President of the United States addressed the nation regarding the state of the BP oil spill. In his speech from the Oval Office, President Obama spoke regarding our nation's dependence upon oil and how we need to break that dependence.


    During his speech, the president made a statement that was blatantly false. The president noted, "We consume more than 20% of the world's oil, but have less than 2% of the world's oil reserve. And that's part of the reason oil companies are drilling a mile beneath the surface of the ocean -- because we're running out of places to drill on land and in shallow water."


    We are not running out of places to drill on land and in shallow water. In fact, it is due to the president's party of extreme environmentalists that BP had to drill some forty miles from the coastline in deep waters to extract oil. Imagine if this oil leak had happened in the shallow waters off of the East Coast or even, dare we say it, in the pristine ANWR region. How much easier it would have been to cap the leak and clean up the oil?


    Consider our nation's vast oil reserve resources that are currently unavailable for use due to government ownership of the land or outright bans on drilling in certain areas.


    According to a June 2008 article in Kiplinger Magazine, the United States has enough oil reserves to power the nation for upwards of three centuries. That's three hundred years, Mr. President. We are not running out of oil reserves -- it's just that those oil reserves have been declared off-limits due to decades of environmental lobbying of our politicians, especially those on the Left. This lobbying has driven the likes of BP and others out deep into the Gulf of Mexico to extract the nation's needed oil.

    Note the following statement from the article:


    ... untapped reserves are estimated at about 2.3 trillion barrels, nearly three times more than the reserves held by Organization of Petroleum Exporting Counties (OPEC) and sufficient to meet 300 years of demand-at today's levels-for auto, aircraft, heating and industrial fuel, without importing a single barrel of oil.


    Think about that. The nations that currently hold us hostage by their massive oil production actually have far fewer reserves than our own nation. Put another way, some of the very nations on which we are dependent for oil are also the same nations that help to sponsor worldwide terrorism. Were we to extract our own oil, it would make our nation and the world a safer place. But isn't a spotted owl more important than the safety of the world?"


    American Thinker: The President's Oil Reserves Lie
     
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  2. Quantum Windbag
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    Quantum Windbag Gold Member

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    Watch out, the Obamazoids will be challenging you to a duel at sunrise.
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    US Oil Reserves At Highest Levels In 30 Years...
    :eusa_eh:
    Surging US oil production strains distribution system
    5 May 2013 - Surging oil production has put the United States on track toward greater energy independence, pushing US reserves to their highest levels in 30 years.
    Granny wants to know, den how come gas prices ain't what dey was 30 years ago???
     
  4. Mr. H.
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    Mr. H. Diamond Member

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    Isn't it ironic that we have no "bottlenecks" with respect to food?

    And still, we pay record prices for groceries.

    And as always agriculture is allowed to export millions of metric tons of food each year.

    And we pay them dividends to do just that.

    I say we shift this paradigm... Import food and export crude.

    We can do just that, and our economy would be much better off for it.
     
  5. AmazonTania
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    AmazonTania 1 Percenter Wannabe

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    30 years ago America abandoned the Gold Standard, and the Government is intentionally devaluing it's own currency?
     

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