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Environmental Terrorism and the Price of Oil

Discussion in 'Political Zone' started by zrinkill, Feb 15, 2008.

  1. zrinkill

    zrinkill Diamond surrounded by trash

    33,337 Messages
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    [SIZE=-1]Michael Reagan
    [SIZE=-1]January 29, 2008

    [SIZE=-1] Here we have the humiliating spectacle of a president of the United States begging an Arab potentate to increase our supply of oil while Democrats, who bear the major responsibility for the problem, scoff at him as a mendicant groveling at the feet of a foreign monarch.

    [SIZE=-1]As humiliating as it is for the United States to be put in a position where our economy is held hostage to foreign oil producers who can make or break our nation simply by limiting their petroleum production, thus causing the price of oil to skyrocket, it is even more shameful that we have allowed the so-called environmental movement to escape the blame for our predicament.[/SIZE]

    [SIZE=-1]Make no mistake about it, you are paying exorbitant prices at the gas pump solely because the environmental terrorists and their Democrat allies in Congress have all but shut down our domestic oil production while refusing to allow the exploration and creation of new sources of this resource so vital to our economic health.[/SIZE]

    [SIZE=-1]While President Bush was left with few if any alternatives to seeking help from the Saudis thanks to our inability to exploit our own untapped oil supply, it is disturbing that instead of demanding that Saudi Arabia act on our behalf by beefing up oil production, we asked them politely to do what they should do without being asked. They owe us at least that.[/SIZE]

    [SIZE=-1] When my dad, Ronald Reagan, was in Berlin he did not mince words when addressing Chairman Gorbachev about what he should do about the Berlin Wall. He didn't ask, "Mr. Gorbachev, would you please be a good fellow and tear down this wall?" He demanded: "Mr. Gorbachev, tear down this wall."[/SIZE]
    [SIZE=-1]Instead of politely saying to the Saudi king, "If possible, your majesty, consider what high prices [of oil] are doing to one of your largest customers," as he said he would when he met with the king, the president should have bluntly informed the king: "Hike up production, or from now on you are on your own and at the mercy of al Qaeda."[/SIZE]

    [SIZE=-1]George Bush should have stood on his bully pulpit and pointed his finger at Capitol Hill and Nancy Pelosi and Harry Reid and said, "How dare you not give the nation an energy policy? Because you won't give us an energy policy I have been forced to go the Saudi Arabia, get down on my knees and beg them to give us what you refuse to give us - an adequate supply of reasonably priced oil."[/SIZE]

    [SIZE=-1]George Bush should point the finger of blame at Mrs. Pelosi and Sen. Reid and their environmentalist co-conspirators for refusing to enact an energy policy that dictates drilling in ANWR and the Florida Gulf -- where the Chinese and Cubans are drilling for the huge plentiful supply of oil beneath the seas to their heart's content. We should also be harnessing nuclear power, and mining clean coal now locked up for alleged environmental reasons in well over a million acres of land in southwest Utah in the Grand Staircase-Escalante National Monument, which contains at least 7 billion tons of coal worth over $1 trillion.[/SIZE]

    [SIZE=-1]To get an idea of just what using nuclear power can do for America, look at the USS Ronald Reagan. During the life of the two nuclear reactors on that carrier, the American taxpayers will be saved $579 billion in fuel costs. Nobody has died on nuclear-powered aircraft carriers or submarines, and nobody has died in the U.S. because of a nuclear accident.[/SIZE]

    [SIZE=-1]We can't exploit nuclear power or drill for oil in ANWR or the Gulf because Democratic members of congress have been bought and paid for by the most dangerous terrorists in America, the radical environmentalists.[/SIZE]

    [SIZE=-1]They make the Taliban and al Qaeda look like Mother Teresa's nuns. They have wreaked such havoc here in the U.S. with their terrorist tactics that the president of the United States is reduced to begging for oil, a plentiful domestic resource but, thanks to them, off-limits to the American people.[/SIZE]
    [SIZE=-1]We need a surge here at home to deal with these terrorists. With the Capitol Hill Democrats, they are the American people's deadliest enemies.[/SIZE]


    Ronald Reagan's Sons website

    This should start something :laugh2:
  2. theogt

    theogt Surrealist Zone Supporter

    44,963 Messages
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    The problem certainly isn't that there's not an abundance of oil and gas.

    Exxon Mobil Replaces All of 2007 Output
    February 15, 2008 3:06 p.m.

    Exxon Mobil Corp. said new reserves again topped its production for 2007, as it continued to be the one big oil company that has consistently matched output with new finds.

    The Irving, Texas, company said it replaced 101% of last year's oil-and-gas production with additions to its reserves. The replacement rate would have been 132%, excluding property sales and the loss of Venezuelan assets the company walked away from in June as the country nationalized projects in the Orinoco River basin.

    Chairman and Chief Executive Rex Tillerson noted the company's 10-year replacement-ratio average has been 112%.

    Exxon put proven reserves as of Dec. 31 at 22.7 billion barrels of oil and gas, split about evenly between liquids and gas. At current production rates, that would last more than 14 years. The portion of proved reserves already developed is 62%.

    Between 2004 and 2006, only Exxon Mobil managed a better-than-100% replacement rate on its own among the Western world's five largest oil companies by market capitalization. As a group, the firm managed a 75% rate excluding acquisitions, meaning that for every four barrels they pumped out and sent to market they found only three new barrels in the ground.

    Some of the declines have been due to a lack of significant increases in the companies' capital budgets. For example, Exxon's annual capital budget has barely budged, growing at a 1% annual rate since 2003. But other firms have been boosting spending at a double-digit clip.
  3. burmafrd

    burmafrd Benched

    42,886 Messages
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    We have plenty of oil off of the coasts but congress says don't drill there. While in the gulf of Mexico the MEXICAN OIL COMPANIES drill in places we cannot due to Congress. There is lots more oil in Alaska but Congress says do not drill there. THEN there are all the blends that cities demand that prevents the movement of gas from shortage areas from areas of plenty.
    THEN there are the lack of refinery capacity due to Environmentalists and the NIMBY bunch preventing any being built in the last 30 years. Katrina showed what can happen but it was ignored by Congress once again.
    Drilling where there is oil, dropping all the blends and building more refinery capacity would probably cut the price of gas by at least a dollar a gallon, and maybe more. BUT of course that won't happen as long as the media and congress remain in the environmentalist wacko's back pocket.

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