Obama Panics Over Soaring Gas Prices And Plummeting Popularity–Now Favors All Forms of Energy Including Oil and Natural Gas And Pipelines!–Unbelieveable–Videos

Posted on March 22, 2012. Filed under: Blogroll, Business, Communications, Economics, Energy, Natural Gas, Oil, Raves, Resources, Strategy, Taxes, Video, War, Wisdom | Tags: , , , , , , , , , , , , |

http://news.investors.com/article/604303/201203141303/oil-abundant-in-the-united-states.htm

Myth: The World is Running Out of Oil (Peak Oil) 

Eagle Ford & Bakken Shale Oil: The New Rush For Black Gold 

Oil Shale, Enough Oil for Over 150 Years! 

Unlocking the Bakken: North Dakota’s Future in Meeting World Energy Needs

http://news.investors.com/article/604030/201203121828/poll-shows-drilling-support-obama-defensive.htm

#ObamaGap Between Words & Actions on Energy 

Hoeven:President Obama’s Cushing Visit Highlights His Continuing Obstruction of KXL 

Senator Blumenthal calls for action against excessive oil speculation that inflates gas prices.

Regulations on Speculation Weak, But Better Than Nothing 

Speculation and Watered Down Regulation 

Secret Exemptions Allowed Speculators to Distort Futures Markets 

How Wall St Speculation Drives Up Gas Prices 

What are futures? – MoneyWeek investment tutorial 

What are ‘contango’ and ‘backwardation’?

Contango & backwardation in commodity forward markets 

President to Announce Support for Part of Keystone Pipeline

Obama To Fast-Track Permit For Keystone Oil Pipeline

Bill Johnson: Pres Obama’s Energy Policies are Failing America

Senator: Obama blocking Keystone didn’t send wrong message to Wall Street 

Limbaugh: As Gas Prices Rise, Obama Pushes His Green Energy Money Laundering Operation

Democrats Have No Plan to Bring Down Rising Gas Prices, But They Do Have a Plan to Make Them Go Up 

(3.22.12) Obama Defends Handling of Keystone Pipeline 

Fox News Blames Obama For Gas Prices 

Background Articles and Videos

Scarce Oil? U.S. Has 60 Times More Than Obama Claims

By JOHN MERLINE, INVESTOR’S BUSINESS DAILY

“…U.S. Awash In Oil

But the figure Obama uses — proved oil reserves — vastly undercounts how much oil the U.S. actually contains. In fact, far from being oil-poor, the country is awash in vast quantities — enough to meet all the country’s oil needs for hundreds of years.

The U.S. has 22.3 billion barrels of proved reserves, a little less than 2% of the entire world’s proved reserves, according to the Energy Information Administration. But as the EIA explains, proved reserves “are a small subset of recoverable resources,” because they only count oil that companies are currently drilling for in existing fields.

When you look at the whole picture, it turns out that there are vast supplies of oil in the U.S., according to various government reports. Among them:

At least 86 billion barrels of oil in the Outer Continental Shelf yet to be discovered, according to the government’s Bureau of Ocean Energy Management.

About 24 billion barrels in shale deposits in the lower 48 states, according to EIA.

Up to 2 billion barrels of oil in shale deposits in Alaska’s North Slope, says the U.S. Geological Survey.

Up to 12 billion barrels in ANWR, according to the USGS.

As much as 19 billion barrels in the Utah tar sands, according to the Bureau of Land Management.

Then, there’s the massive Green River Formation in Wyoming, which according to the USGS contains a stunning 1.4 trillion barrels of oil shale — a type of oil released from sedimentary rock after it’s heated.

http://news.investors.com/article/604303/201203141303/oil-abundant-in-the-united-states.htm

Poll: Public Anger Over Gasoline Prices Hurting Obama

    By SEAN HIGGINS, INVESTOR’S BUSINESS DAILY

“…”Most Americans do not give President Obama good grades for handling rising gasoline prices. Only 24% give him an A or B; 46% give him a D or F,” said Raghavan Mayur, president of TechnoMetrica Market Intelligence, which conducted the poll.

Just 8% gave him an excellent grade on the issue; 32% said his actions are unacceptable.

Americans back drilling in Alaska’s Arctic National Wildlife Refuge, 54%-38%, drilling in American territorial waters, 66%-25%, and hydraulic fracturing shale rock for crude in the Mountain West and elsewhere, 67%-22%.

Such numbers clearly have the White House worried. It conceded as much in a statement Monday: “Today’s high gas prices are a painful reminder that there’s much more work to do to free ourselves from our dependence on foreign oil and take control of our energy future.”

The administration did note that domestic oil and natural gas production are at an eight-year high. Republicans counter that this is the Bush administration’s work. Just last week the administration successfully lobbied Senate Democrats to filibuster a bill that would have opened the Keystone XL pipeline to America. That was the second time the White House has killed it. …”

http://news.investors.com/article/604030/201203121828/poll-shows-drilling-support-obama-defensive.htm

US sees lower 2011 oil use, becomes net exporter

03.01.2012                     |

                    US oil demand in all of 2011 dropped 1.8%, or by 345,000 bpd, from 2010 to a two-year low of 18.835 million bpd, government data released Wednesday show. US oil output climbed 7.4% to 5.877 million bpd, the highest level since 1999.

By DAVID BIRD

“…US oil demand in all of 2011 dropped 1.8%, or by 345,000 bpd, from 2010 to a two-year low of 18.835 million bpd, government data released Wednesday show.
Demand dropped for the fifth of the past six years, and followed a 2.2% drop a year ago, data from the Energy Information Administration show.
Demand for gasoline, the most widely used petroleum product in the world’s biggest oil-consuming nation, fell 2.9%, to a 10-year low of 8.736 million bpd.

The drop came as the nationwide average retail price of regular gasoline for all of 2011 set a record at $3.521/gal, up 26.6% from the prior year, EIA data show.
US oil output climbed 7.4% to 5.877 million bpd, the highest level since 1999.

Production rose for a third straight year, which is the longest string of annual increases since the early 1980s. …”

http://www.hydrocarbonprocessing.com/Article/2988223/US-sees-lower-2011-oil-use-becomes-net-exporter.html

US Oil Use Down 1.2% in 2011

“…U.S. oil demand fell 1.2 percent to 18.9 million barrels a day last year, trade group American Petroleum Institute said Friday.

Early data from the federal Energy Information Administration issued Jan. 10 showed a 1.6 percent, or 310,000 barrels a day, drop to 18.87 million barrels a day. The International Energy Agency, the oil-market watchdog for the major industrialized nations, such as the U.S., that make up the Organization for Economic Co-operation and Development, this week estimated a decline of 1.8 percent, or 340,000 barrels a day, in U.S. demand, to 18.84 million barrels a day.

The API said its estimate for 2011 showed that, except for 2008, the drop in demand was the most in the last decade. December 2011 U.S. petroleum deliveries, a measure of demand, were down 5.9 percent from a year earlier, to a 15-year low of 18.6 million barrels a day.

Demand for gasoline, the most widely used U.S. petroleum product, fell 4.3 percent in December from a year ago, to 8.531 million barrels a day. Annual demand was 2.1 percent lower, at 8.803 million barrels a day.

“The weakness in gasoline demand in 2011 reflected the overall weakness in consumer spending,” said John Felmy, API chief economist. Despite the decline in demand for refined products, supplies remained ample, with gasoline production for the year averaging a record high of 9.1 million barrels a day, up 0.5 percent from 2010. Distillate production, at 4.5 million barrels a day, was up 6.1 percent for the year. Refinery inputs fell by 1.5 percent in 2011 compared with 2010.

Demand for distillate fuel–diesel fuel and heating oil–rose 3.2 percent in 2011, to 3.921 million barrels a day. Within that figure, demand for ultra-low-sulfur diesel fuel rose 5.3 percent. Ultra-low-sulfur diesel fuel accounts for 90 percent of distillate demand.

Total petroleum imports dropped 5.6 percent in 2011, API said. Although up slightly in December, crude-oil imports for the year fell by 3.4 percent. Imports of refined products dropped 14 percent for the year and were down more than 33 percent for December.

Total petroleum exports–almost all of which were product exports–jumped 25.5 percent in 2011 compared with 2010. …”

http://peakoil.com/consumption/us-oil-use-down-1-2-in-2011/

Obama’s Oil Lies & His Contempt for the USA pt1

Obama’s Oil Lies & His Contempt for the USA pt2.

Obama’s Oil Lies & His Contempt for the USA pt3

Obama’s Oil Lies & His Contempt for the USA pt4

Obama’s Oil Lies & His Contempt for the USA pt5


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