Vast New American Oil, Gas Supplies are Emerging

Here is a fascinating excerpt from bbc.co.uk, the internet site of the state-owned BBC (British Broadcasting Company):

A steeper-than-expected rise in US shale oil reserves is about to change the global balance of power between new and existing producers, a report says.

Over the next five years, the US will account for a third of new oil supplies, according to the International Energy Agency (IEA).

The US will change from the world's leading importer of oil to a net exporter.

Demand for oil from Middle-East oil producers is set to slow as a result. (end of bbc.co.uk excerpt)

Wow. Kaboom. This is amazing. Look at that again… ‘The US will change from the world's leading importer of oil to a net exporter.’

Huh?! Aren’t we “running out of oil” as the environmentalist radicals have been saying for decades now?

No.  That is a lie like everything those people say in order to get their way.

The first Earth Day was in 1970. And every minute since then environmentalists have been warning that “American oil production has peaked” and that “oil is a finite resource” and is running out.

Naturally we thoughtful conservatives have repeatedly debunked all of this fearmongering.

How much oil does the world have? How much oil has mankind used up so far?

In a 2010 Wall Street Journal commentary called The World Has Plenty of Oil, Nansen Saleri, an oil supply management expert who worked in Saudi Arabia for decades – in other words, someone who actually knows real facts about oil – wrote that the whole world has used about 1 trillion barrels of oil since the beginning of the modern oil age, which started when the first successful well was drilled in Titusville, Pennsylvania in 1859.

Saleri then states that known/estimated world oil reserves today are 12 trillion to 16 trillion barrels. And considering that most of the world is unexplored or underexplored, and that nations like the United States are now discovering huge new reserves, we should all remember that “the world has plenty of oil”.

And don’t forget that the United States has been reported to have a 500-year supply of coal. All of this coal can be converted to gasoline, heating oil and other useful products in a process developed in the mid-20th century. America could be completely energy-independent even today if we were doing that conversion.

Not only is oil production booming but natural gas production is growing by leaps and bounds all over the globe as a result of the technique of hydraulic fracturing, or “fracking”.

This is precisely why the environmentalists want to ban fracking. Because they know that it will produce vast amounts of clean, low-cost natural gas that will put their inefficient and ineffective solar panels permanently out of business.

Reported bbc.co.uk:

The surge in US (oil) production will reshape the whole industry, according to the IEA, which made the prediction in its closely-watched bi-annual report examining trends in oil supply and demand over the next five years.

The IEA said it expected the US to overtake Russia as the world's biggest gas producer by 2015 and to become "all but self-sufficient" in its energy needs by about 2035.

The rise in US production means the world's reliance on oil from traditional oil producing countries in the Middle East, which make up Opec (the Organization of the Petroleum Exporting Countries), would end soon, according to the report. (end of bbc.co.uk)

Amazing… After we have been told by the eco-fearmongers for decades that America never can be energy independent, that the world is running out of oil, etc.

All of this has been proven wrong, wrong, wrong. Because it comes from the socialist/enviro left that lies about everything in order to do one thing – implement its policies over energy production and energy use in order to control us all in how we get to work, what foods we eat, how we heat our homes etc.

In short, total control over our lives through the essential resource of energy.

Look at this from bbc.co.uk about projections from IEA:

US production is set to grow by 3.9 million barrels of oil per day (bpd) from 2012 to 2018, accounting for some two-thirds of the predicted growth in traditional non-Opec production, according to the IEA. (end of excerpt)

Who would have thought 20 years ago that this would be being reported in 2013?

Conservatives did. We always have taken a rational view of the world, that Western man is endlessly creative in getting resources out of the ground on our resource-rich planet using technologies developed by American and European private-sector energy companies… and never by government entities.

In short, the more energy we get the more energy we find in new ways using ever-advancing technology and knowledge. Today’s known global energy reserves are higher than ever before and are growing every year.

BBC.co.uk reports:

The sharp rise in US oil production is largely thanks to shale oil, a product many have hailed as the saviour of the US energy market.

Fracking, the process of blasting water at high pressure into shale rock to release oil (or gas) held within it, has become widespread in the US.

But critics of shale oil point to environmental concerns such as high water use and possible water contamination, the release of methane and, to a lesser extent, earth tremors caused by drilling. (end of excerpt)

Of course, these “critics” have a hundred reasons to oppose safe and abundant oil, natural gas and nuclear energy that are powering the globe today. They criticize everything except the inefficient windmills that they embrace, that kill millions of birds every year, that have high rates of mechanical failure, that even many environmentalists now oppose, and that scar the land from coast to coast.

Meanwhile we conservatives oppose windmills and solar panels for one simple reason – because they produce virtually no usable energy and they are drawing investment capital away from productive energy sources like nuclear power.

Look at this from bbc.co.uk:

The big growth in oil extracted from shale rock means the US will not need to import any crude within two decades, the former boss of (British Petroleum) has said.

Lord Browne told a conference in Oxford the US would be "completely independent of imported oil, probably by 2030".

He also said the amount of shale gas in the US was "effectively infinite". (end of bbc.co.uk excerpt)

Effectively infinite? How can that be?

It is because “fracking” and other modern technologies are unlocking gargantuan new reserves of energy that we did not even know about 30 years ago or did not have the processes to extract.

And considering that energy reserves are generally underestimated and you have further reason for optimism. The Prudhoe Bay oil reserve in Alaska was estimated at 1 billion barrels when it was first discovered in the 1960s. By the time it is pumped out in 2015 it will have produced 18 billion barrels.

And Prudhoe is just one tiny pinprick on the globe. There are potentially millions of such pinpricks with all of the new technology.

BBC.co.uk also reported:

In April this year, a panel of experts appointed by the UK government ruled that test fracking could continue, but under strict conditions. The report came after a Cuadrilla site in Lancashire had to stop test fracking in 2011 after two small earthquakes were felt at the surface. (end of bbc.co.uk excerpt)

There is no proof whatsoever that these miniscule earthquakes are a result of fracking. The world has countless tiny earthquakes every day.

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