HAVE SOME CHEESE WITH THAT WHINE. Donald Trump: I Can’t Support Meaney Pants Paul Ryan Either
After Paul Ryan said that he was not prepared to endorse Trump, Trump puts his great social skills to work to change Ryan’s mindRead More »
While Obama continues his implacable war on fossil fuels and campaigns for impotent and unreliable energy sources, he incessantly condemns oil as ‘the energy of the past’. He is obviously referring to his self-fulfilling dream of eradicating oil from our economy; not the proven reality of our oil reserves. According to the latest research by the Congressional Research Service (CRS), America has more proven reserves and undiscovered resources of gas, oil, and coal than any other country in the world. Contrast that to the billions of dollars in special interest subsidies that have failed to ameliorate ineffectual ‘alternative fuels’ and it becomes quite obvious where the energy source of the future lies.
In an impassioned and timely floor speech this morning, Senator James Inhofe (R-OK.), an energy policy hero, elucidated the salient findings of the CRS report. The report, which was initiated by Inhofe for the Senate Committee on Environment and Public Works, includes estimates from the Energy Information Administration, U.S. Geological Survey, and the Bureau of Ocean Energy Management. Here are some of the key points from the report and from Inhofe’s research:
Parenthetically, the cessation of Libya’s mere 1.7 million barrels of production per day has caused chaos in the global market. Were we to pump our oil reserves at a similar rate, the oil would last for 263 years. This would presumably have a commensurately positive effect on oil prices.
Obviously, not all of the estimated resources necessarily exist or can be extracted in an economical way. Yet, how can we ever determine the truth if the Democrats continue to impound our natural resources? If they are so skeptical of our ability to develop our fossil fuel resources, why not afford us the opportunity to try? How can we utilize the innovations in drilling technology if we cannot apply them in the field? Either way, history has shown that the more we drill, the more oil there is to discover. And, the more we drill, the more efficient, economical, and environmentally friendly the technology becomes.
Barack Obama is eager to deride our ‘addiction to oil’ as some sort of pejorative. We wear that label as a badge of honor. If there is a prudent and meritorious addiction in the world, it is our patronage of fossil fuels. These energy sources were responsible for the most unprecedented proliferation of prosperity in world history. God-given fossil fuels have been instrumental in endowing us with the highest standard of living on the planet. The only odious addiction in the realm of energy reliance is Obama’s addiction to the regressive lifestyle of the Middle Ages.
Cross-posted to Red Meat Conservative