Login | Register
Overcast ~ 63°F  
[Daily Dunklin Democrat]
Kennett, Missouri ~ Saturday, September 6, 2008
Blogs
Observations -- We voted for change...
Posted Monday, May 12, 2008, at 1:09 PM
<< Previous | Read comments | Respond | Email link | Next >>

Someone shared some interesting news with me. I thought I would pass it along and see what you think:

A little over one year ago:

1.Consumer confidence stood at a 2 ½ year high;
2.Regular gasoline sold for $2.19 per gallon;
3.The unemployment rate was 4.5%.

Since Congress was taken over by Democrats in 2006 we have seen:

1.Consumer confidence plummet;
2.The cost of regular gasoline soar to over $3.50 per gallon;
3.Unemployment is up 5 percent [a 10 percent increase];
4.American households have seen $2.3 trillion in equity value evaporate [stock and mutual fund losses];
5.Americans have seen their home equity drop by $1.2 trillion dollars;
6.1 percent of American homes are in foreclosure.

America voted for "change" in 2006, and we got it!

Remember, it's Congress that makes the law, not the President. He has to work with what's handed him.

That's the end of what was sent me. I'm NOT saying I agree or disagree. I AM wondering what YOU think?


Comments
Showing comments in chronological order
[Show most recent comments first]

This is the complete email that has been circulating. And I agree with it 100%. Also in 2006, the new house speaker Nancey Pelosi said she would change the price of gasoline below the then current $2.19 a gallon, so, we now have gasoline at over $3.50 a gallon, change indeed, so how do you like it now?

Part 1

In just 16 months.. Remember the election in 2006?

Thought you might like to read the following:

A little over 16 MONTHS ago:

1) Consumer confidence stood at a 2 1/2 year high;

2) Regular gasoline sold for $2.19 a gallon;

3) The unemployment rate was 4.5%.

Since voting in a Democratic Congress in 2006 we have seen:

1) Consumer confidence plummet;

2) The cost of regular gasoline soar to over $3.50 a gallon;

3) Unemployment is up to 5% (a 10% increase);

4) American households have seen $2.3 trillion in equity value evaporate (stock and mutual fund losses);

5) Americans have seen their home equity drop by $1.2 trillion dollars;

6) 1% of American homes are in foreclosure.

America voted for change in 2006, and we got it!

Remember it's Congress that makes law not the President. He has to work with what's handed to him.

Quote of the Day........"My friends, we live in the greatest nation in the history of the world. I hope you'll join with me as we try to change it." -- Barack Obama

Part 2:

Taxes...Whether Democrat or a Republican you will find these statistics enlightening and amazing.

www.taxfoundation.org/publications/show/...

Taxes under Clinton 1999 Taxes under Bush 2008

Single making 30K - tax $8,400 Single making 30K - tax $4,500

Single making 50K - tax $14,000 Single making 50K - tax $12,500

Single making 75K - tax $23,250 Single making 75K - tax $18,750

Married making 60K - tax $16,800 Married making 60K- tax $9,000

Married making 75K - tax $21,000 Married making 75K - tax $18,750

Married making 125K - tax $38,750 Married making 125K - tax $31,250

Both democratic candidates will return to the higher tax rates It is amazing how many people that fall into the categories above think Bush is screwing them and Bill Clinton was the greatest President ever.

If Obama or Hillary are elected, they both say they will repeal the Bush tax cuts and a good portion of the people that fall into the categories above can't wait for it to happen. This is like the movie The Sting with Paul Newman; you scam somebody out of some money and they don't even know what happened.

PART 3:

You think the war in Iraq is costing us too much? Read this:

Boy, am I confused. I have been hammered with the propaganda that it is

the Iraq war and the war on terror that is bankrupting us. I now find

that to be RIDICULOUS. I hope the following 14 reasons are forwarded

over and over again until they are read so many times that the reader

gets sick of reading them. I have included the URL's for verification

of all the following facts.

1. $11 Billion to $22 billion is spent on welfare to illegal aliens

each year by state governments.

Verify at: http://tinyurl.com/zob77

2. $2.2 Billion dollars a year is spent on food assistance programs

such as food stamps, WIC, and free school lunches for illegal aliens.

Verify at: http://www.cis..org/articles/2004/fiscal...

3. $2.5 Billion dollars a year is spent on Medicaid for illegal aliens.

Verify at: http://www.cis..org/articles/2004/fiscal...

4. $12 Billion dollars a year is spent on primary and secondary school

education for children here illegally and they cannot speak a word of

English!

Verify at:

http://transcripts.cnn.com/TRANSCRIPTS/0...

5. $17 Billion dollars a year is spent for education for the

American-born children of illegal aliens, known as anchor babies.

Verify at http://transcripts.cnn.com/TRANSCRIPTS/0...

6. $3 Million Dollars a DAY is spent to incarcerate illegal aliens.

Verify at:

http://transcripts.cnn.com/TRANSCRIPTS/0...

7. 30% percent of all Federal Prison inmates are illegal aliens.

Verify at:

http://transcripts.cnn.com/TRANSCRIPTS/0...

8. $90 Billion Dollars a year is spent on illegal aliens for Welfare &

social services by the American taxpayers. Verify at:

http://premium.cnn.com/TRANSCIPTS/0610/2...

9. $200 Billion Dollars a year in suppressed American wages are caused

by the illegal aliens.

Verify at:

http://transcripts.cnn.com/TRANSCRIPTS/0...

10. The illegal aliens in the United States have a crime rate that's

two and a half times that of white non-illegal aliens. In particular,

their children, are going to make a huge additional crime problem in the

US. Verify at:

http://transcripts.cnn.com/TRANSCRIPTS/0...

11. During the year of 2005 there were 4 to 10 MILLION illegal aliens

that crossed our Southern Border also, as many as 19,500 illegal aliens

from Terrorist Countries. Millions of pounds of drugs, cocaine, meth,

heroin and marijuana, crossed into the U. S from the Southern border.

Verify at: Homeland Security Report: http://tinyurl.com/t9sht

12. The National Policy Institute, "estimated that the total cost of

mass deportation would be between $206 and $230 billion or an average

cost of between $41 and $46 billion annually over a five year period."

Verify at: http://www.nationalpolicyinstitute.org/p...

13. In 2006 illegal aliens sent home $45 BILLION in remittances back to

their countries of origin.

Verify at: http://www.rense.com/general75/niht.htm

14. "The Dark Side of Illegal Immigration: Nearly One Million Sex

Crimes Committed by Illegal Immigrants In The United States ." Verify

at: http://www.drdsk.com/articleshtml

The total cost is a whopping $ 338.3 BILLION DOLLARS A YEAR.

Are we THAT stupid?

If this doesn't bother you then just delete the message. If, on the

other hand, it does raise the hair on the back of your neck, I hope you

forward it to every legal resident in the country including every

representative in Washington , D.C. - five times a week for as long as it

takes to restore some semblance of intelligence in our policies and

enforcement thereof.

-- Posted by Lived There Once on Mon, May 12, 2008, at 5:58 PM

Well, at least it's a start, only 20 or so million to go.

Up to 700 arrests estimated in Iowa immigration raid...

http://www.desmoinesregister.com/apps/pb...

-- Posted by Lived There Once on Mon, May 12, 2008, at 6:32 PM

You might want to check this out.

http://www.factcheck.org/askfactcheck/di...

-- Posted by Vickie on Tue, May 13, 2008, at 6:22 AM

I was simply curious what the replies or responses to these "statistics" might be. I am reminded of the saying, "Ninety percent of statistics can be made to say whatever one wants 50 percent of the time." Or is it, "Fifty percent of statistics can be made to say whatever one wants 90 percent of the time?" I forget! Someone did say this, an economist I believe [and who can believe them?], "Statistics cannot derive causation from observational data."

-- Posted by Jack Rollins on Tue, May 13, 2008, at 9:30 AM

Jack, if I take your meaning - and I believe that I do - statistics and convoluted logic can say anything, for instance, I offer the following bit of convoluted logic: "GOD IS LOVE, LOVE IS BLIND, STEVIE WONDER IS BLIND, THEREFORE STEVIE WONDER IS GOD".

When Obama becomes President, as I believe that he will,(absent some catastrophe or Hillary alleging that he practices Voodoo, and for proof, offering a deposition from Obama's former minister), the Democrats will have unified Executive and Legislative branches. We will then see if they accomplish any more than the Republicans have been able to.

-- Posted by SenathDavid on Tue, May 13, 2008, at 11:47 AM

Obama and a democrat congress=Jimma Cartah redux, with all the same horrors inflicted upon the country, enjoy the ride.

Sadly, there is no real choice this election, Juan McCainiac would prove no better.

-- Posted by Lived There Once on Tue, May 13, 2008, at 1:35 PM

LOL, SenathDavid...about the God is love, love is blind, etc. By the way, soon, if not already, our blogger agreement will be online for those interested in potentially being a blogger for the DDD. I will call your attention to it soon, OK?

-- Posted by Jack Rollins on Tue, May 13, 2008, at 3:34 PM

"Dems and High Oil Prices"

"Patrick Casey

While oil and gasoline prices continue to rise, the rhetoric and actions of Democrats in Congress seem destined to push those costs even higher, contrary to the Dems' promise that they used to get elected to majorities in 2006 that they had "a common-sense plan to help bring down skyrocketing gas prices".

Investor's Business Daily has a continuing series on "Breaking the Back of High Oil", and today's edition has a fascinating breakdown of some of the actions that the Democrats have taken over the last three decades or so to ensure that our country has no defense against the effects of rising oil prices. While doing so, they've made us all captives of OPEC and such tinpot dictatorships such as Venezuela.

Today's editorial in the series, Who Is Really Responsible For The High Prices You Pay For Gasoline?, points out that we have attempted to get Congressional approval for drilling in Alaska's ANWR region for the last 28 years. Remember that the next time a Democrat brings up the "fact" that it will take 10 years to get ANWR on line - if President Clinton hadn't vetoed ANWR drilling the time that it evaded blocking maneuvers by Democrats and got through a Republican controlled Congress in the mid-90s, we'd be in the second or third year of active production from that oil field. Any such domestic drilling would have produced substantial downward pressure on international oil prices set by the cartels - so in addition to having our own new source of oil, prices we pay internationally today would have been cheaper.

Other actions during the past few decades that the Democrats (and a few stray Republicans) have taken to ensure that we have high energy prices include:

For the past 31 years, Congress repeatedly prevented us from building any new oil refineries that we now badly need.

More recently, congressional Democrats defeated and discouraged any bill that would let us drill in the deep sea 100 miles out. However, it's somehow OK for China to drill there.



As a further indictment of our Congress, since the 1980s it has continually stopped all building of nuclear power plants while France, Germany and, yes, Japan, plus 12 other major nations, did build plants and now get 20% to 80% of their energy from their wise and safe nuclear plant investments.


From 1990 to 2000, U.S. crude oil demand rapidly accelerated by 7.41 quadrillion BTUs, according to Department of Energy data. And our rate of foreign oil dependency dramatically increased while our domestic oil production steadily declined.



Under the eight Clinton years alone, U.S. oil production declined 1,349,000 barrels per day, or 19%, while our foreign imports increased 3,574,000 barrels per day, or 45%."

http://www.americanthinker.com/blog/2008...

-- Posted by Lived There Once on Wed, May 14, 2008, at 10:46 AM

This article prety well sums up the dems dim energy plans.

"Drilling for an energy plan"

"Charles Reichley

Published: May 15, 2008"

"When President Bush took office in 2001, the price of oil was around $30 a barrel. Six years later the price had doubled. Democrats promised voters they had "a common sense plan to help bring down skyrocketing gas prices." On October 20, 2006, just before the Democrats took over Congress, a barrel of oil was about $57.

So, how is the Democrat's "common sense plan" working? In the six years before they took control, oil increased an average of about $5 a year. But in the 16 months the Democrats have been responsible for the nation's energy policy, the price of oil has risen to $126 -- an increase of almost $70 a barrel or $5 each month.

If I had a choice, I'd take $5 a year over $5 a month. Meanwhile, gas prices on the Democrat's watch went from $2.20 a gallon to $3.67, an increase of almost 10 cents a month. The Democrat's plan isn't working, unless their plan was to decrease our dependence on oil by making it so expensive we can't afford to buy it.

It's clear the Democrats are fumbling our energy policy. Last week Speaker Nancy Pelosi urged President Bush to get Saudi Arabia to drill more oil so prices would go down. But at the same time, she rejected drilling for domestic oil, claiming that increasing domestic supplies won't lower the price we pay.

So which is it? Do we want more oil or not? How do we decrease our dependence on foreign oil if we reject domestic oil and increase foreign oil?

While claiming oil drilling won't help, the Democrats said we should stop filling the Strategic Petroleum Reserve, which will increase supplies by 70,000 barrels a day. They say this will decrease gas prices by up to 24 cents a gallon. Economists say the effect will be negligible.

Meanwhile, Democrats reject drilling in ANWR because they say adding a million barrels a day would only drop the oil prices about 5 cents a barrel. So 70 thousand barrels saves us 24 cents a gallon, while a million barrels won't do a thing?

Also, Democrats want to raise taxes on oil companies. By increasing taxes, they promise the price of gasoline will drop, and the oil companies will increase supply. In reality, taxes decrease incentives to supply oil and raise the price we pay.

Of course, we are collecting a huge amount of taxes from the oil companies. The feds took over $30 billion from Exxon-Mobil last year (that's more than the taxes paid by the bottom 50 percent of all individuals).

The Democrats also say drilling in ANWR is useless because we won't get any oil for 10 years. But they take credit for a bill they passed which will force Americans to buy more fuel-efficient cars. Their plan requires cars to get 35 miles per gallon, by 2020 -- 13 years from now. So we shouldn't drill in ANWR because it will take 10 years before it helps us, but increasing gas mileage over 13 years is "smart energy policy."

Meanwhile, my car gets over 45 miles per gallon today -- beating their standard for 13 years from now by 30 percent. Americans could buy these cars now, but haven't. So the Democrats will force us to.

But it won't help as much as they claim -- when cars get more efficient, gas use will increase, because people will be able to afford to drive farther.

The one thing that will make us stop using oil, and switch to alternative fuels, is if gas gets so expensive we get tired of paying the cost. The Democrats claim they want us to stop using gasoline, but they are pushing the administration to force companies to lower gas prices, which will make people use more gas.

So the Democrats want to cut gas use, but are pushing lower prices. They say Bush let prices get too high, but since they took over the price has gone up ten times as fast. They say a million barrels a day won't make a difference, but 70 thousand a day will. They won't drill ANWR because it will take too long, but passed fuel efficiency standards that will take longer.

The energy bill is one of the few real "accomplishments" the Democrats have had since they took office. If $3.70 a gallon gas is an "accomplishment," I hope they fail more. We can't afford too many more "success stories."

Charles Reichley has been a Prince William County resident since 1981. He can be reached at critically thinking@msn.com.

http://www.insidenova.com/isn/news/opini...

-- Posted by Lived There Once on Wed, May 14, 2008, at 11:45 PM

Idiocy, sheer idiocy, they insist on keeping two trillion barrels of oil off limits for developement.

"Senate panel retains oil-shale moratorium

By M.E. Sprengelmeyer, Rocky Mountain News (Contact)

Originally published 03:20 p.m., May 15, 2008

Updated 03:21 p.m., May 15, 2008

The Senate Appropriations Committee today narrowly defeated Sen. Wayne Allard's attempt to end a moratorium related to oil shale development in Colorado.

It was a big day for Colorado energy issues on Capitol Hill as Gov. Bill Ritter testified before a senate committee asking lawmakers to move cautiously on oil-shale development until more is known about the environmental impact and other issues.

Meanwhile downstairs, the appropriations committee was considering a massive Emergency Supplemental Spending Bill. Allard, a member of the committee, attempted to insert an amendment that would reverse the moratorium that lawmakers approved late last year.

The moratorium prevents the Department of Interior from issuing regulations so that oil companies can move forward on oil-shale projects in Colorado and Utah. Allard said the moratorium has left uncertainties at a time when companies need to move forward and in the long term make the United States more energy independent.

"If we are really serious about reducing pain at the pump, this is a vote that would make a difference in people's lives," Allard argued.

But in a 14-15 vote, the committee spilt strictly on party lines and rejected the amendment.

One of the key votes was from Sen. Mary Landrieu, D-La., who said Sen. Ken Salazar had urged her to reject the amendment even though she personally thinks the moratorium on oil-shale development is unjust.

Landrieu vowed to try to lift the moratorium when the large appropriations bill reaches the floor of the U.S. Senate in coming weeks."

http://www.rockymountainnews.com/news/20......

-- Posted by Lived There Once on Fri, May 16, 2008, at 12:26 AM

"Crude Mistake

By INVESTOR'S BUSINESS DAILY | Posted Friday, May 16, 2008 4:20 PM PT

Energy: With the price of oil spiking above $127 a barrel, the search for scapegoats has begun. Some point to the Saudis, OPEC's No. 1 producer. Others blame the oil companies. We have a better candidate: Congress.

------------------------------------------------------------ --------------------

IBD Series: Breaking The Back Of High Oil

------------------------------------------------------------ --------------------

As President Bush traveled to Saudi Arabia to ask the House of Saud to open the oil spigots a bit wider, Congress showed once again how clueless it is when it comes to energy policy.

Underscoring its failure to grasp the nature of our current problems, the Senate Appropriations Committee on Friday refused to end its moratorium on oil shale development in Colorado.

"If we are really serious about reducing pain at the pump," Colorado's senior senator, Republican Wayne Allard, said, "this is a vote that would make a difference in people's lives." He's right.

But the shale proposal went down to defeat with Allard and 13 other Republican members in favor and 15 Democrats opposed. Once again, Democrats were on the wrong side, opting to keep oil in the ground and punish you with higher prices as a result.

This was no minor thing. Estimates put the amount of oil locked in shale in both Canada and the U.S. at more than 1 trillion barrels. Pulling out even a tenth of that would quadruple our current reserves.

This is the same Congress that refuses to allow drilling in Alaska's Arctic National Wildlife Refuge, which holds up to 20 billion barrels of crude, or offshore, where another 30 billion await.

http://www.ibdeditorials.com/IBDArticles...

"

-- Posted by Lived There Once on Sat, May 17, 2008, at 2:03 AM

The world must look at America, shake their heads in disbelief, and think us the most stupid people in existence, ever.

We whine and beg our enemies to pump more oil for us at the highest prices. This, while having the greatest oil and energy reserves on earth, and refuse to develop them.

"Baken Fornmation is the largest oil accumulation ever assessed by USGS in lower 48." (3.5 billion barrels)

http://energy.usgs.gov/flash/Bakken_slid...

-- Posted by Lived There Once on Sat, May 17, 2008, at 2:45 AM

The Energy plan of liberals and democrats. (sorry for being redundant)

1. You can't drill for oil anywhere.

2. You can't build a refinery anywhere.

3. You can't build a nuclear power plant anywhere.

4. You can't burn coal for electricity.

5. You can't allow the oil companies to reinvest their profits into exploration.

6. But you can drive up the price of food by subsidizing an ethanol industry that takes land out of food production while using more energy than it creates.

7.You must continue to tax every gallon of gas that we put in our tanks.

8.You must threaten all energy users with additional 'carbon taxes'.

9. And just in case some entrepreneur out there somewhere may have an idea for an alternative energy concept that just might work, you must raise the capital gains tax so that investors have less capital and less incentive to invest in his/her project. count your blessings.

-- Posted by Lived There Once on Wed, May 21, 2008, at 3:18 PM

This week our do nothing congress belabored oil execs again, but who is really to blame?

http://i6.photobucket.com/albums/y238/rv...

http://i6.photobucket.com/albums/y238/rv...

"INCONVENIENT TRUTHS ABOUT OIL"

"Before my recent retirement after a career of almost 40 years, I had the unique opportunity to work in the technology areas for a major oil company, an international financial operation, and one of the world's largest international banks. As a result, although not an expert in either exploration or production of crude oil and its impact on financial and consumer markets, I did have access to information that most American consumers did not. This was not secret data, nor was it proprietary information. It was simply a case of facts the media was not interested in reporting, and our politicians felt were not germane to their own agendas. Let me start with a few simple facts.

At the time of the 1972 OPEC oil embargo, the domestic production of crude oil in America peaked at about 10 million barrels per day. This domestic production accounted for almost 2/3's of our total needs, resulting in about 1/3 of our needed crude to be imported. The chilling effect of the embargo on our economy, and ability to provide for the national defense, resulted in our political leadership pledging that the government would work to allow America to achieve energy independence in 10 years. What have we achieved so far?

By 1980, domestic crude production had fallen to 8,572 million barrels per day, while our oil usage climbed to 16,058 million barrels per day. Imports had risen to 7,486 million barrels per day, or 46% of our needs. In 2005, our total crude oil requirements were 20,802 million barrels per day, while domestic production had fallen to 7,486 million barrels per day. The 15,624 million barrels per day necessary to keep America and her economy moving were met by imports, which now account for 75% of our needs. So much for the pledge to make America independent of unreliable foreign sources. What went wrong?

Of natural crude, we have large reserves off the coasts of California and Florida. However, no drilling in these areas has been permitted by law since the late 1960's. China, however, by using agreements with Cuba to drill in this area, will begin doing so shortly.

America also has additional reserves in the Gulf areas, from Florida to Texas. However, no drilling is permitted in most of these areas. Mexico, however, has no such restrictions.

In Alaska, both onshore and offshore, we have large areas of proven reserves, which are not allowed to be developed by law. Canada has no laws prohibiting such development.

In the mountain Western states, large amounts of oil are available in the shale rock formations. However, EPA regulations prohibit their development.

In the far West, vast areas of tar sands remain undeveloped due to environmental restrictions. As with the geographic areas noted above, most of the land is owned or controlled by the federal government. Canadian use of tar sands is a major source of their oil exports.

The conversion of coal to oil, a technology available for over 100 years, remains another untapped resource, due to legislative and environmental restrictions."

Full article at link:

http://oldscout.blogtownhall.com/2008/05...

-- Posted by Lived There Once on Sat, May 24, 2008, at 3:18 AM

The fallacy of ethanol as fuel.

"For two years, Patzek has analyzed the environmental ramifications of ethanol, a renewable fuel that many believe could significantly reduce our dependence on petroleum-based fossil fuels. According to Patzek though, ethanol may do more harm than good.

"In terms of renewable fuels, ethanol is the worst solution," Patzek says. "It has the highest energy cost with the least benefit."

Ethanol is produced by fermenting renewable crops like corn or sugarcane. It may sound green, Patzek says, but that's because many scientists are not looking at the whole picture. According to his research, more fossil energy is used to produce ethanol than the energy contained within it.

Patzek's ethanol critique began during a freshman seminar he taught in which he and his students calculated the energy balance of the biofuel. Taking into account the energy required to grow the corn and convert it into ethanol, they determined that burning the biofuel as a gasoline additive actually results in a net energy loss of 65 percent. Later, Patzek says he realized the loss is much more than that even.

Snip:

Recently, Patzek published a fifty-page study on the subject in the journal Critical Reviews in Plant Science. This time, he factored in the myriad energy inputs required by industrial agriculture, from the amount of fuel used to produce fertilizers and corn seeds to the transportation and wastewater disposal costs. All told, he believes that the cumulative energy consumed in corn farming and ethanol production is six times greater than what the end product provides your car engine in terms of power."

http://www.sciencedaily.com/releases/200...

-- Posted by Lived There Once on Tue, May 27, 2008, at 1:34 PM

"Blame Congress for High Oil Prices

By MACKUBIN THOMAS OWENS

May 29, 2008; Page A17

Gasoline prices are through the roof and Americans are angry. Someone must be to blame and the obvious villain is "Big Oil" with its alleged ability to gouge consumers and achieve unconscionable, "windfall" profits. Congress is in a vile mood, and has dragged oil industry executives before its committees for show trials, issuing predictable threats of punishment, e.g. a "windfall profits tax."

But if there is a villain in all of this, it is Congress itself. That venerable body has made it impossible for U.S. producers of crude oil to tap significant domestic reserves of oil and gas, and it has foreclosed economically viable alternative sources of energy in favor of unfeasible alternatives such as wind and solar. In addition, Congress has slapped substantial taxes on gasoline. Indeed, as oil industry executives reiterated in their appearance before the Senate Judiciary Committee on May 21, 15% of the cost of gasoline at the pump goes for taxes, while only 4% represents oil company profits.

To understand the depth of congressional complicity in the high price of gasoline, one must understand that crude oil prices explain 97% of the variation in the pretax price of gasoline. That price, which has risen to record levels, is set by the intersection of supply and demand. On the one hand, world-wide demand has accelerated mainly due to the rapid growth of China and India.

Snip:

It has done so by preventing the exploitation by IOCs of reserves available in nonpark federal lands in the West, Alaska and under the waters off our coasts. These areas hold an estimated 635 trillion cubic feet of recoverable natural gas -- enough to meet the needs of the 60 million American homes fueled by natural gas for over a century. They also hold an estimated 112 billion barrels of recoverable oil -- enough to produce gasoline for 60 million cars and fuel oil for 25 million homes for 60 years.

This doesn't even include substantial oil shale resources economically recoverable at oil prices substantially lower than those prevailing today. In an exchange between Sen. Orin Hatch (R., Utah) and John Hofmeister, president of Shell Oil Company during the May 21 Senate Judiciary Committee hearing, the point was made that anywhere from 800 million to two trillion barrels of oil are available from oil shale in Colorado, Utah and Wyoming."

Full article at link:

http://online.wsj.com/article/SB12120172...

-- Posted by Lived There Once on Thu, May 29, 2008, at 8:22 AM

http://www.lucianne.com/routine/images/0...

-- Posted by Lived There Once on Fri, May 30, 2008, at 10:57 AM


Respond to this blog

Posting a comment requires free registration. If you already have an account, enter your username and password below. Otherwise, click here to register.

Username:

Password:  (Forgot your password?)

Your comments:
Please be respectful of others and try to stay on topic.


Observations
Jack Rollins
Recent posts
Archives
Blog RSS feed [Feed icon]
Comments RSS feed [Feed icon]
Login
Mailing list
Enter your email address to join our daily headline mailing list:
Jr's pawn first right column

Sain's Floor Covering

Missouri Waterfowl Festival

Heartland Town and Country Real Estate

Wilcoxson Homeplace

SemoMarketplace-Kennett

bootheel Area Independent Living Service

Kidz Kribz

Church Directory

Kennett National Bank