rulemylife
Posts: 14614
Joined: 8/23/2004 Status: offline
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ORIGINAL: Sanity Obamas new economy was caused in large part by Obamas and the Dems preference for far higher fuel costs, their chickens coming home to roost. Leftists should just be honest about how theyre working hard to drive fuel costs up so that we can have an honest debate. They love outrageously high gasoline prices, and if youre willing to listen to them theyll tell you so: Steven Chu, Obamas energy secretary: "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe," Obama Supports High Gas Prices If They're Gradually Hiked Left Wing Media - Why you should love $5 gas And they also know that dependence on foreign sources of energy is the primary factor behind higher fuel prices: Obamas EPA chief Lisa Jackson: “What appears to be the most important factor at work is our dependence on imported energy,” she said. “This is what leaves us vulnerable to jumps in prices. When something changes thousands of miles away, the American people pay for it at the pump.” So bring it on, kudos to Michelle Bachman because I think every conservative candidate should put fuel costs caused by the Obama regime on the table, and let him own them as well as the results. Well, far be it from me to intrude on your conservative fantasies, but I'm going to do it anyway. George W. Bush and Peak Oil: Beyond Incompetence | Energy Bulletin Legendary petroleum geologist T. Boone Pickens, who started his career in the early 1950s as a roughneck in oilfields in Oklahoma and Texas and went on to co-found Mesa Petroleum and Petroleum Exploration, told the 11th National Clean Cities conference in May, 2005 that “Global oil [production] is 84 million barrels [a day]. I don’t believe you can get it any more than 84 million barrels. . . . I think they are on decline in the biggest oil fields in the world today and I know what it’s like once you turn the corner and start declining, it’s a treadmill that you just can’t keep up with.”8 Royal Dutch Shell Chief Executive Jeroen Van Der Veer has said, “My view is that ‘easy’ oil has probably passed its peak.”9 J. Robinson West, founder and chairman of PFC Energy, one of Washington’s most influential international energy consulting firms, and a former Assistant Secretary of the Interior in the Reagan Administration, predicts that the “tipping point” when global supply of oil ceases to grow could arrive in 2015.10 Veteran petroleum geologist Henry Groppe, a Houston-based independent analyst who began his career in 1945 and who is today a consultant to global corporations as well as to nations, said in 2005 that “Total crude oil production may have peaked this year, or perhaps will peak next year.”11 Matthew Simmons, founder of Simmons & Company International energy investment bank, has been perhaps the most outspoken of oil analysts and investors regarding Peak Oil. A consultant to the Cheney Energy Policy Development Group that met in secret in 2001, he is the author if Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy (Wiley, 2005). Simmons has concluded, on the basis of his study of technical papers from the Society of Petroleum Engineers, that Saudi Arabian oil production is close to its maximum, and that world oil production is also therefore close to its peak.
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