SavingInNC
Champion Author
North Carolina
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Message Posted: May 11, 2012 9:30:56 AM
I agree with that.
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drpepperTX
Champion Author
Texas
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Message Posted: May 11, 2012 9:03:55 AM
aquarinut, "Fossil fuel production, done properly is the current answer to making nations more economically stable allowing a better opportunity at developing alternative fuels. Providing they don't get obamafever and destroy both economic stability and the ability to develop alternatives in one fell swoop!!!"
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So very well said aquarinut, but Oblame-a's 'all of the above' mentality seems to really mean "all of the above except for oil and gas" and the minions continue to follow like those poor lemmings.
Another example of how much oil is in reserve just in Texas. University of Texas research has shown the Permian Basin oil fields produce 17% of total US crude oil and account for over 66% of total Texas oil production. Estimated proven reserves are 4.5 billion barrels, second only to Alaska at 5.2 billion barrels. The Basin has produced over 20 billion barrels of oil since the first oil well was drilled in 1921. Based on today's oil prices the Basin's historical volume would have a market value of $2 trillion.
Alternatives will be found, developed and utilized, that's inevitable. But oil,gas and coal must continue to bridge us into the future to give us time to econmically utilize those alternatives.
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alex395
Champion Author
Louisville
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Message Posted: May 11, 2012 8:56:12 AM
Obama ignores and attacks people and facts with witch he doesn't agree. Sign of a President that should be a Community Organizer again.
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aquarinut
Champion Author
British Columbia
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Message Posted: May 10, 2012 9:57:50 PM
Solar, wind and algae based sources of energy produce a whopping .01% of US electrical energy. To make these alternatives "the" means of electrical generation would mean an increase of 10,000 fold just to replace the current electrical load. Add to that the "green dream" of EV's and the number would increase dramatically!
Biofuels at E10 (10%) consume millions of acres of arable land and billions of bushels of food which increases grocery costs and make the poor go hungrier than they are now! E85 would decimate proper arable land use and make even the farmers go hungry!
Fossil fuel production, done properly is the current answer to making nations more economically stable allowing a better opportunity at developing alternative fuels. Providing they don't get obamafever and destroy both economic stability and the ability to develop alternatives in one fell swoop!!!
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drpepperTX
Champion Author
Texas
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Message Posted: May 10, 2012 8:44:17 PM
It's hard to overlook the facts of the positives the drilling for both oil and gas unless of course one takes an ideological point of view.
For instance, The vast oil and gas play in South Texas contributed $25 billion in total economic output to a 20-county South Texas region last year, that' ONE YEAR, and provided 47,097 full-time jobs, according to a study prepared by the Center for Community and Business Research at the University of Texas at San Antonio's Institute for Economic Development.
In a single year β 2011 β the shale development added more economic oomph to South Texas than an earlier UTSA study predicted would occur over nearly a decade.Source
There is generations worth of great economic benefit in just the Eagle Ford play alone.
Also, the U.S. Geological Survey estimates there could be a much as 141 million barrels of oil, 502 billion cubic feet of natural gas and 16 million barrels of natural gas liquids tied up in the Eagle Ford Shale formation. And the USGS is often found to be very conservative in their estimates.
In the meantime, we are and will continue to be for a while to come, an oil and gas based energy country, it is very shortsighted not to face the realities of the present.
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LetemEatCake
Champion Author
Oklahoma City
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Message Posted: May 10, 2012 8:08:53 PM
orphancarguyPE...
Very well said! A dose of reality in the Oil Patch is always painful. He does sound a bit like the "Drill Baby Drill" crowd. I wonder who he works for...
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wendy1john32
Champion Author
Los Angeles
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Message Posted: May 10, 2012 12:57:15 PM
Hey, voters! Anybody listening?
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Jeff4U
Champion Author
Atlanta
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Message Posted: May 10, 2012 12:12:16 PM
Oil production and the economy will remain stagnant as long as Obama is around.
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doctorindyj
Champion Author
Santa Fe
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Message Posted: May 10, 2012 10:50:47 AM
Until the alternatives are ready we have to make do with what we have. Prepare for tomorrow but take care of today.
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PimpinFoDaGaz
Sophomore Author
Massachusetts
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Message Posted: May 10, 2012 10:25:55 AM
Yawn.
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orphancarguyPE
Champion Author
PEI
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Message Posted: May 10, 2012 10:23:30 AM
Completely unrealistic and impossible in a real world. North Dakota's Bakken now supplies 2.6%+ of the entire US demand, and that development has been going flat out for years. More 'could be drilled' theoretically, but its a crunch of people, investment money, and equipment that limits it now--everything is more or less in use; they ain't any hidden 10 or 20 thousand drilling rigs standing idle, and 300,000 oil patch workers collecting welfare or unemployment. Just is not so!
It not a LITTLE that has to be made up--its between 50 and 60% of the 19 million+ barrels a day the US uses that is imported.
Lets see--2.6% reality versus 50-60% imports? Who is on mind-altering drugs anyway? Mr Felmy of the API appears to less than a solid grip on reality. The US would suddenly have to find TWENTY times the investment money, trained people and very expensive equipment than it currently has in total. Ramping up is not next week--it would be decades in the making.
Nope, for anyone dealing with reality, increased production above and significantly beyond the current massive increases in production is only a very small part of the overall picture. Massive conservation and massive shifts in usage away from oil and natural gas where it isn't needed and is being wasted, to where it should be used, is the only way. Over 20% of all distillate (diesel, heating oil, kerosene) fuel is still used for heating, which could be replaced by solar air heat and solar water heating panels easily and cost effectively, and almost twice as much in individual homes as all the railways combined.
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peakkeller
Champion Author
Colorado Springs
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Message Posted: May 10, 2012 10:19:39 AM
Constant cost vs. benefit, including environmental concerns....
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VomVom
Champion Author
Calgary
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Message Posted: May 10, 2012 9:50:45 AM
It is infinitely more important to get the economy going at this time. Get people back to work. After people are earning a pyacheck again, and the budget getting closer to being balanced, may be more Americans will have the stomach for the Obama Administration's green energy policy. Continue to use fossil fuel responsibly as there will not be any viable or cost effective alternative anytime soon.
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humblepie
Champion Author
Toledo
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Message Posted: May 10, 2012 9:27:59 AM
not in obamaland............
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MontanaMac
Champion Author
Washington
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Message Posted: May 10, 2012 9:15:23 AM
Interesting if true.
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FPLREP
Champion Author
Virginia
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Message Posted: May 10, 2012 9:15:17 AM
Good luck getting Obama and California and Oregon to agree to that.
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gandalfthegrey1
Champion Author
Houston
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Message Posted: May 10, 2012 9:11:00 AM
We'll have to get rid of obummer for that to happen. Sounds good to me.
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amoshins
Champion Author
Trenton
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Message Posted: May 10, 2012 9:07:11 AM
Hope the Obama Admin is listening...
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