We have the energy, we have the technology, we need the jobs, we want US energy dollars to stay in the US not the mideast and South America. Why aren’t we drilling as much US oils as possible? The US has more coal than any country on earth. We even sell much of it to the CHINESE. Why aren’t we using this magnificnt coal resouce that God has given America? By now most people realize global warming is NOT a major problem. So we are using coal now and have for centuries. Why stop now when warming isn’t a ajor problem? President Obama would rather not use coal, not drill more oil restricting American industrial output, shrinking our economy until we are a second rate economic player. And lets hope the Conservatives can reign in the EPA energy regulations or better yet dissoulve the EPA. Remember, the EPA is a government AGENCY, not a branch of government. It can be dissolved at any time.More information of the US energy situation below.SHAW
Republican lawmakers and oil industry executives are angry at Obama for offering to help Brazil expand offshore drilling while U.S. production struggles to get back on its feet in the wake of the BP spill.
The president said in Brazil that his administration wants to assist Brazil “with technology and support” in developing its oil reserves — a black gold mine he said could hold twice as much oil as U.S. deposits.
The idea that Brazil holds more energy supplies than the United States is simply wrong. In addition, the energy supply in the US grows everyday as more is discovered. States such as Wyoming and the Dakotas make major energy find. And how much oil is in ANWR?
In the grasslands of western North Dakota, one of the country’s richest oil men is using a controversial gas drilling technology to develop what could be the biggest domestic oil discovery in the last 40 years.
The oil lies underground in a shale rock formation stretching across western North Dakota, northeast Montana, and into Canada’s Saskatchewan Province known as the Bakken.
According to Harold Hamm, president of the energy company Continental Resources, it could produce a million barrels a day by 2020.
An American oil boom: Nationwide there are a handful of shale oil fields that could contain as much as 17 billion barrels of oil, according to a recent study from IHS CERA. That’s more than the country’s largest oil field, Alaska’s Prudhoe Bay.“It’s going to have a major impact on the United States reducing imports,” Scott Sheffield, head of Pioneer Natural Resources Company, said Tuesday during a packed roundtable discussion on shale oil at CERA’s annual energy conference in Houston.
Sheffield estimates that with the new technology, the country could produce an extra 2 million barrels a day from both the Bakken and from shale oil trapped in existing traditional oil fields.
Senators James Inhofe of Oklahoma, Ranking Member of the Environment and Public Works Committee and Lisa Murkowski of Alaska, Ranking Member of the Environment and Natural Resources Committee, released a report from the Congressional Research Service (CRS) showing that the United States’ combined recoverable natural gas, oil and coal endowment is the largest on Earth.
Russia comes in as a close second with recoverable fossil fuel reserves, followed Saudi Arabia, China, Iran and Canada.
According to the new report, an updated version of a 2009 paper, the United States’ resources are larger than Saudi Arabia, China and Canada, combined. The report estimates that the U.S. has 163 billion barrels of recoverable oil and enough natural gas to meet the country’s demand for 90 years.