Saturday, February 25, 2012

Energy---We Are Letting a Small Group DICTATE our LIVES & Economy

Percentage by source (fossil, nuclear , wind, solar) are:
Fossil: 86%
non fossil: hydroelectric 6%
                   Nuclear.        8%
                   Others.          0.9%

Other----- solar, wind , geothermal, wood, waste

Bho says drilling not the answer.  Looking at these numbers, the USA and world are going to RUN out if we don't use fossil fuels.  Green energy is truly a myth.  Simple as that.  Look at the fossil reserves below in the USA .  Apparently, bho is not very intelligent---I sort of had that feeling

It was estimated by the Energy Information Administration that in 2007 primary sources of energy consisted of petroleum 36.0%, coal 27.4%, natural gas 23.0%, amounting to an 86.4% share for fossil fuels in primary energy consumption in the world.[4] Non-fossil sources in 2006 included hydroelectric 6.3%, nuclear 8.5%, and others (geothermal, solar,tide, wind, wood, waste) amounting to 0.9%.[5] World energy consumption was growing about 2.3% per year.

Levels of primary energy sources are the reserves in the ground. Flows are production. The most important part of primary energy sources are the carbon based fossil energy sources. Coal, oil, and natural gas provided 79.6% of primary energy production during 2002 (in million tonnes of oil equivalent (mtoe)) (34.9+23.5+21.2).
Levels (proved reserves) during 2005–2007
Coal: 997,748 million short tonnes (905 billion metric tonnes),[13] 4,416 billion barrels (702.1 km3) of oil equivalent
Oil: 1,119 billion barrels (177.9 km3) to 1,317 billion barrels (209.4 km3)[14]
Natural gas: 6,183–6,381 trillion cubic feet (175–181 trillion cubic metres),[14] 1,161 billion barrels (184.6×109 m3) of oil equivalent
Flows (daily production) during 2006
Coal: 18,476,127 short tonnes (16,761,260 metric tonnes),[15] 52,000,000 barrels (8,300,000 m3) of oil equivalent per day
Oil: 84,000,000 barrels per day (13,400,000 m3/d)[16]
Natural gas: 104,435 billion cubic feet (2,960 billion cubic metres),[17] 19,000,000 barrels (3,000,000 m3) of oil equivalent per day
Years of production left in the ground with the current proved reserves and flows above
Coal: 148 years
Oil: 43 years
Natural gas: 61 years
Years of production left in the ground with the most optimistic proved reserve estimates (Oil & Gas Journal, World Oil)[citation needed]
Coal: 417 years
Oil: 43 years
Natural gas: 167 years


However, a recent  technological breakthrough has opened up the Bakken's massive reserves,

and we now have access of up to 500 billion barrels. And because this is  light, sweet oil,

those billions of barrels will cost Americans just $16  PER BARREL !!!!!!

That's enough crude to fully fuel the American economy  for 2041 years straight.

And if THAT didn't throw you on the floor, then  this next one should - because it's from 2006 !!!!!!

U. S. Oil Discovery  - Largest Reserve in the World

Stansberry Report Online -  4/20/2006

Hidden 1,000 feet beneath the surface of the Rocky Mountains  lies the largest untapped oil reserve in the world.

It is more than 2  TRILLION barrels. On August 8, 2005 President Bush mandated its extraction.

In three and a half years of high oil prices none has been extracted.

With this motherload of oil why are we still fighting over off-shore  drilling?

They reported this stunning news:

We have more oil  inside our borders, than all the other proven reserves on earth.

Here  are the official estimates:

8 times as much oil as Saudi Arabia

18  times as much oil as Iraq

21 times as much oil as Kuwait

22 times  as much oil as Iran

500 times as much oil as Yemen

and it's all  right here in the Western United States !!!!!!

HOW can this BE? HOW can  we NOT BE extracting this? Because the environmentalists and others have blocked  all efforts to help America become independent of foreign oil! Again, we are  letting a small group of people dictate our lives and our economy.  WHY?

James Bartis, lead researcher with the study says we've got more oil  in this very compact area than the entire Middle East, more than 2 TRILLION  barrels untapped. That's more than all the proven oil reserves of crude oil in  the world today, reports The Denver Post.

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