Do We Have The Political Will To Tell OPEC To Try And Eat Their Oil?
The Iranians are rattling sabers and threatening to close the Straights of Hormuz. Many estimate that would cause crude oil to go from $100 to $300 a barrel. Umm… and that would do what exactly to the cost of a gallon of gas?
So America has no other alternative but to just suck it up and deal with it, right? Wrong. America is literally above an ocean of oil, and more recoverable natural gas than any other nation.
Case In Point…
In Colorado, Utah, and Wyoming’s Green River Deposit alone, there are 1.82 trillion barrels of recoverable shale oil. That’s trillion with a “T”.
Then there’s the Haynesville Shale Reserves of northwestern Louisiana, southwestern Arkansas and eastern Texas. How about the unbelievably rich Bakken Shale and Natural Gas deposits encompass not only northwestern North Dakota and northeastern Montana, but stretch in neighboring Canada.
Many mistakenly overlook the Fayetteville Shale that stretches the width of Arkansas. The Barnett Natural Gas Formation goes from Oklahoma to Texas to New Mexico.
Let’s not forget the massive Marcellus Shale Deposit that stretches from New York state to Alabama.
If You Thought The Marcellus Deposit Was Huge…
Then we read that the Barrow Arch Shale Deposits could actually be larger than the oil deposits in Prudhoe Bay. The very same article from Petroleum News has as its very first sentence; (emphasis mine)
“Can Alaska get in on the shale oil boom that is sweeping the Lower 48, making states like North Dakota a contender for the largest producer in the country?“
North Dakota… seriously? Good for them.
Worship That Animal — Sacrifice The Human…
Despite conceivably hundreds of thousands (if not millions) of new jobs, various tree huggers and enviro-nuts (to include a certain president whose initials are Barack Obama) have put the kibosh on moving forward.
Case in point, from the Sierra Club;
“Impacts on wildlife from oil shale projects could occur in a number of ways, including habitat loss, alteration, or fragmentation; disturbance and displacement; mortality; and increase in human access.”
Not only animals, but the Western Prairie Fringed Orchid is officially considered a “threatened species.”
Now this may not be especially politically correct and/or huggy touchy of me… but if the “disturbance and displacement” (ie: death) of an animal or a freakin’ plant means that a child doesn’t go to bed hungry, I say the animal and/or plant dies – the child lives.
I’m guess I’m just old fashioned that way.
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