Oh, dear! What is President Barack Hussein Obama going to do now? Evidence is mounting that not only do we have more than 100 years (or more) worth of recoverable oil in the US alone, but that we also actually have a limitless supply of oil because it is a renewable resource that is being constantly created.
Dr. Thomas Gold, astronomer and professor emeritus of Cornell University, presents the theory of “abiotic” oil-creation. He states that “biotic” creation of fossil fuels, that decaying organic matter is compressed into oil, is incorrect. According to Gold, we have an unending supply of oil, some of which is constantly migrating upward from the depths at which it is created to refill existing oil deposits, and much more of which remains far below the surface. Gold has maintained for years that oil is actually renewable primordial syrup, starting as methane, continually manufactured by the earth under ultra hot conditions and tremendous pressures. This substance migrates upward, picking up bacteria that attack it, making it appear to have an organic origin. or to appear to come from dinosaurs and vegetation. Under the right conditions of temperature and pressure, this primordial syrup converts to more complex hydrocarbons, such as oil. This oil can be recovered using existing technology.
Eugene Island is an underwater mountain located about 80 miles off the coast of Louisiana in the Gulf of Mexico. In 1973 oil was struck, and the field began production at 15,000 barrels a day, then gradually fell off, as is normal, to 4,000 barrels a day in 1989, Then came the surprise; it reversed itself and increased production to 13,000 barrels a day. Probable reserves have been increased to 400 million barrels from 60 million. The field appears to be filling from below and the crude coming up is from a geological age different from the original crude, which leads to the speculation that the world has limitless supplies of petroleum. Similar occurrences have been seen at other Gulf Of Mexico fields, at the Cook Inlet oil field, at oil fields in Uzbekistan, and it is possible this accounts for the longevity of the Saudi Arabian fields where few new finds have been made, yet reserves have doubled while the fields have been exploited mercilessly for 50 years.
In 1995, the U.S. Geological Survey (USGS) said there were 151 million barrels of oil in North Dakota’s Bakken formation. In 2008, it upped that estimate to 3 billion barrels, then to 4.3 billion barrels. Now, some oil analysts say there could be as much as 20 billion barrels there. And USGS in 2002 quadrupled its oil estimate in Alaska’s National Petroleum Reserve.
Spectral analysis reveals that methane is a commonly occurring substance in the universe, found in many planets and asteroids. It would be surprising if the earth had obtained its hydrocarbons only from a biological source. And methane, according to GRT, Inc., can be converted directly to oil, gasoline, and other dropin fuels.
Obama, in his effort to combat global warming (recently renamed climate change), has said that we must convert to “renewable” energy sources. So I thought a few sources about climate change might be in order:
- Only “Value Added” temperature data exists, all raw data was destroyed! So much for objective data analysis
- Climategate II
- Antarctic sea ice for March 2010 significantly greater than 1980
So all you climate change/global warming believers, please march out your data analysis sources.
- The U.S. has 22.3 billion barrels of proved reserves, less than 2 percent of the world’s proved reserves. (Is that the source of Obama’s remark about the US having 2 percent of the world’s oil reserves?) But, proved reserves “are a small subset of recoverable resources,” because they only count oil that companies are currently drilling for in existing fields.
- According to the USGS, there are up to 12 billion barrels of oil in the Alaskan National Wildlife Reserve (ANWR).
- There are up to 2 billion barrels of oil in shale deposits in Alaska’s North Slope, says USGS.
- There are 1.4 trillion barrels of oil shale in the Green River Formation in Wyoming, according to USGS.
- According to the Bureau of Ocean Energy Management (BOEM), there are at least 86 billion barrels of oil in the Outer Continental Shelf yet to be discovered.
- According to the Bureau of Land Management (BLM), America has as much as 19 billion barrels of oil in the Utah tar sands.
- 800 billion barrels of oil shale in Wyoming and neighboring states could be extracted using existing technology. That’s more than triple the known reserves in Saudi Arabia.
Obama has access to all this data, yet he continues to make claims that are demonstrably false every time he speaks to the issue. Obama is aware of how gas prices and his handling of the issue are harming his reelection chances so he is stumping all over the place and using his two percent line, but the public is not buying his excuses, explanations, justifications or outright lies. What’s particularly offensive about Obama’s statements is his constant use of a false statistic. Obama argues that America uses more than 20 percent of the world’s oil, although “even if we drill in every square inch of this country, we still only have 2 percent of the world’s known oil reserves.”
But that’s just my opinionPowered by Sidelines