The President's Oil Reserves Lie

Philobeado

Gold Member
Apr 8, 2009
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Gulf of Mexico Coast, Texas
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
 
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.
But analysts say bottlenecks in the distribution system are keeping oil from reaching markets. US oil stocks reached 395.3 million barrels last week, a level not seen since US authorities began publishing weekly figures in 1982. The Energy Department's monthly figures show it to be the highest since April 1981. The accumulation of oil is linked in part to cyclical seasonal factors, with refineries cutting back consumption this time of year as they prepare for production of gasoline to meet rising demand in summer. But the rise in oil reserves has also occurred in tandem with an oil boom that has been underway in the United States since 2008, propelled by new technologies.

With the emergence of hydraulic fracturing and horizontal drilling to extract oil and gas from new sources, US oil production has increased from five million barrels a day to 6.5 million barrels in 2012, and the US Energy Information Administration anticipates production will hit 8.2 million barrels a day in 2014. But David Bouckhout, an analyst with TD Securities, says "there is a little bit of a disconnect with the infrastructure." "We are still waiting on pipeline capacity to be built out of the areas where this production growth is coming from (so it) can actually be accessible for refiners to use it," he said. "But it takes some time." Pipelines that once moved imported oil from the Gulf of Mexico to refineries in the central United States are now being reversed to carry oil from production areas in Texas and Oklahoma to the gulf.

The Seaway pipeline, for instance, is now transporting 400,000 barrels of oil a day to gulf refineries from Cushing, Oklahoma, where the benchmark West Texas Intermediate crude quoted in New York is stored. When it is fully online in the first quarter of 2014, it will move 850,000 barrels a day. The flow is also being reversed on the Magellan Longhorn pipeline, which this year began transporting oil from west Texas, where the shale oil boom is in full swing, to the gulf refineries. It is expected to reach peak capacity in the third quarter. Sunoco Logistics also has a number of projects that will drain oil from the Permian Basin, a huge oil and gas producing area in west Texas, toward the gulf, said independent oil analyst Andy Lipow.

And the oil markets haven't given up hope that President Barack Obama will authorize an extension of the controversial Keystone XL pipeline, which if completed would ship oil from Canada's tar sands to the Gulf of Mexico. Pipelines account for about 90 percent of the oil products shunted around the United States, but companies also are turning to rail as an alternative, particularly in areas where the infrastructure has not caught up, like North Dakota, a big producer of shale gas. In just the past year, transport of oil products by rail has shot up 50 percent.

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Granny wants to know, den how come gas prices ain't what dey was 30 years ago???
 
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.
 

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