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Obama's Lie about our Oil

Monday, March 12, 2012

Gas prices shot up 18 cents on average nationwide over the past two weeks, according to the latest Lundberg survey.

That puts the average cost of regular gas at $3.69 a gallon. Of course, many of you around the country are already paying over $4.

President Obama, members of his administration, Democrats in Congress, and his allies on the left all make the same case: we can't "drill our way" out of this problem.

They say we use a quarter of the world's oil, but only have 2% of the world's oil reserves. So, do the math. They say it's impossible, but here's how he gets to that mythical 2%.

For simplicity, we'll call it Obama's big oil lie because that's what it is.

They're only counting proven oil reserves.

The truth is that 2% oil reserves figure is whatever the government says it is.

Here’s the official definition from the non-partisan Congressional Research service.

Proven reserves are: "certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions."

The key word there is "existing" conditions.

The U.S. has around 20 billion barrels in proven reserves, but the amount of undiscovered so called "technically recoverable" oil is over seven times that.

Those are the government's own figures!

And we can get that oil using today's technology. In fact, the U.S. has nearly 1.5 trillion barrels of oil.

That's enough to fuel the present needs in the U.S. for around 250 years, according to the Institute for Energy Research.

Former President of Shell Oil on FBN earlier today on how we could easily get back to producing 10 million barrels a day:

"The best source for new oil is the world's largest consumer economy: this country. We could go back to 10 million barrels if we had the permitting that would enable it to happen. We have the oil. There is more oil in this country that we're not allowed to get at than oil we're allowed to get at.”

But much of the oil is off limits thanks to the policies of this President:

-The outer Continental shelf.

-The Arctic National Wildlife Reserve in Anwar.

-And Shale Oil where the United States has the largest deposits in the world estimated by the government to be over 2 trillion barrels.

Even when the production is not in this country, the President will do anything he can to stop it, like blocking the Keystone pipeline.

Also, what the President is refusing to acknowledge is the United States is in the middle of an oil boom thanks to new technology like deep-water drilling in the Gulf of Mexico.

So the President needs to stop with the 2% lie.

The solutions are right in front of us, but this administration flatly refuses to explore them.

  Member Comments About This Blog Post:

ROXONA 3/19/2012 11:08PM

    I'm with DSHONEYC on this one. We need to explore alternative energy sources and become less dependent on oil. Renewable energy is a wonderful resource, and BIG OIL is doing their very best to keep it from becoming a successful alternative. I'm not a fan of the current administration, but this is problem is bigger than the President. The only way we're going to change this is by voting everyone of those "good ol' oil boys" out and replace them with people who are going to stand firm to progressing alternative energy choices...either that or we're going to have to have an epic energy event that forces us to seek alternative resources...I'll let you decide which one will come first.

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GIANT-STEPS 3/13/2012 1:26PM

  One of the things rarely mentioned about gas prices is the effect of petrodollars. You see all of the world used to buy oil using petrodollars which are US dollars. US dollars were good because it was such a stable currency and since the whole world used US dollars to buy stuff it further stabilized it. Iran broke ranks and now sells oil for Yen and Euros. The value of the US dollar would swing wildly without the stabilizing effect of being the world currency for oil. If other oil producing nations follow Iran's lead it could be very bad for the American economy and the price of foreign oil.
Agreed that speculation is a large factor in oil prices. During the Enron days the courts ruled that Enron creating artificial electrical shortages to run up the price of electricity was not illegal and was simply the business they were in. Applying the same logic to oil companies we are all at the mercy of speculators.

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DSHONEYC 3/12/2012 4:15PM

    The price of oil (no matter who drills it - US of them) is set based on the price of a barrel of crude. That price is not set by policy, but rather by a number of factors including world-wide demand, speculators, and uncertainty in the marketplace. Just because there is more oil pumping does not guarantee lower prices. Who controls refinery production? Somehow I cannot picture Exxon or BP or Shell selling a barrel of oil under what others are charging. They are much too greedy for that...and they are protected by guess who?

Sorry can't chalk this up to the President, no matter what party. The oil game is just that - a BIG GAME. I vote for more alternatives to oil and less dependence on filling up my gas tank every week.

PS I paid $4.25 last week...

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GIANT-STEPS 3/12/2012 3:16PM

  We will never run out of oil. What we are running out of is cheap oil. There is more oil in Canadian tar sands than in all of the middle east but until recently there was only a single pilot plant to extract oil. When oil is over $100US/barrel it begins to be economical to extract oil from the sands. There are also huge reserves of oil shale but it is even more expensive to extract than tar sands.
We are pumping more oil now than when President Obama got into office and we continue to drill new wells. Our reliance on foreign oil is also lower than when he entered office; in 2008 we imported most of the oil we used but in 2011 we domestically produce most of the oil we use. While the oil companies are always eager for more places to drill they have not come come close to exploring all the oil leases they already have.
The US hit peak oil production in the 1970's. There is lots more oil down there but the remaining oil is more expensive and technically challenging to retrieve. As technology improves and the price of oil rises more of this expensive oil will be pumped. Until then the fact that expensive oil exists under the US will not drive gas prices down.
The hubub about gas prices is simply a political attack on President Obama someplace where they consider him vulnerable. Moreover, it is a power grab for oil companies eager to exploit consumer discontent to reduce regulation.
Domestic energy is a priority of the Obama administration but they simply want it done in a safe and environmentally responsible way. We do not need another New Horizon's disaster in the Gulf of Mexico.

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DONNYE2008 3/12/2012 1:37PM

    I can barely hear the "news" any more. Big Lies abound in the mainstream media. I fear the election will give us more years of this president; how can any Republican candidate compete with Obama's money and minions.

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ALMMOM 3/12/2012 1:16PM

    Totally true. We have vast oil that can be drilled for. Who our current president prefers foreign oil, I can't totally understand.

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10TOES 3/12/2012 1:05PM

    It's a simple case of whose paying for the president to stay president. Are there reserves? Absolutely. Will Big Oil allow them to be opened? Nope. We'll keep paying through the nose because we're so dependent on everything foreign now that most Americans refuse to consider alternatives. I personally want to ask every single person who voted for Pres. Obama what they think of his "changes" now.

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political junkies will love these

Sunday, March 11, 2012

Words to the Wise from some who are Wise of Words

* I think it's about time we voted for senators with breasts. After all, we've been voting for boobs long enough.
~ Clarie Sargent, Arizona senatorial candidate

* The problem with political jokes is they get elected. ~Henry Cate, VII

* We hang the petty thieves and appoint the great ones to public office. ~Aesop

* If we got one-tenth of what was promised to us in these acceptance speeches there wouldn't be any inducement to go to
heaven. ~Will Rogers

* Those who are too smart to engage in politics are punished by being governed by those who are dumber. ~Plato

* Politicians are the same all over. They promise to build a bridge even where there is no river. ~Nikita Khrushchev

* When I was a boy I was told that anybody could become President; I'm beginning to believe it. ~Clarence Darrow

* Why pay money to have your family tree traced; go into politics and your opponents will do it for you. ~Author Unknown

* If God wanted us to vote, he would have given us candidates. ~Jay Leno

* Politicians are people who, when they see light at the end of the tunnel, go out and buy some more tunnel. ~John

* Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

* The Democrats are the party that says government will make you smarter, taller, richer, and remove the crabgrass on your lawn. The Republicans are the party that says government doesn't work and then they get elected and prove it.
~P.J. O'Rourke

* I offer my opponents a bargain: if they will stop telling lies about us, I will stop telling the truth about them. ~Adlai Stevenson, campaign speech, 1952

* A politician is a fellow who will lay down your life for his country. ~Texas Guinan

* Any American who is prepared to run for president should automatically, by definition, be disqualified from ever doing so. ~Gore Vidal

* I have come to the conclusion that politics is too serious a matter to be left to the politicians. ~Charles de Gaulle

* Instead of giving a politician the keys to the city, it might be better to change the locks. ~Doug Larson

* Don't vote, it only encourages them. ~Author Unknown

* There ought to be one day - just one - when there is open season on senators. ~Will Rogers

  Member Comments About This Blog Post:

MARTHASPARKS 3/14/2012 11:00PM

    Love these!

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NOTFATCAT 3/12/2012 6:40PM

    All I can say is God help us!

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LKWQUILTER 3/12/2012 6:37AM

    Those are good. Thanks.

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CHERIRIDDELL 3/11/2012 11:23PM

    LOL my daughter has a masters degree in political science I am sending these to her !

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AMYJEAN911 3/11/2012 8:27PM

    LOL!! "Don't vote, it only encourages them" is my fave!! Hahahaha!!


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Valentine's Day and Birthday Prezzies

Tuesday, February 07, 2012

The 14th is Valentine's Day.

What is Valentine's Day without CHOCOLATE???

I think there is a Federal law stating that everyone must eat Dark Chocolate on Valentine's Day. I seem to recall reading such a law, and if I am mistaken, then it SHOULD be a law.

Therefore, I am planning on eating Dark Chocolate on Valentine's Day, all in the interest of being a law abiding citizen.

My Granddaughter, Christine has her birthday on the 15th.
She will be 17.

Christine is a very wise young lady. She KNOWS the value of dark chocolate. Being that the day AFTER Valentine's Day is her birthday, she is allowed to eat it two days in a row!!

She is a tiny little thing, and no matter how much she eats, all she does is grow taller and never wider. Somehow, that doesn't quite seem fair.

Christine loves to bake. She is very good at cake decorating, too. Therefore, I decided that, for her birthday, I would add to her baking enjoyment by sending her a fudge marble cake mix, dark chocolate frosting, candles, a darling little white beanie baby teddy bear and a home made special baking kit.

The apron is fully lined, the cupcake hot pad is for her to set her baking pans on, the lined pot holders will help her to not get burned, and of course, she must wear cupcake socks to complete the ensemble.

I think she'll like it. What do you think? I hope she sends photos!!!

  Member Comments About This Blog Post:


    That came out SOOO WELL !! WOW Thats GOOD !!! WOW NEAT !!! Sandy !! WOW !!! CONGRATS !!! WOOHOOOOO !!!!!!


Comment edited on: 2/7/2012 11:57:42 PM

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SHAMILTON311 2/7/2012 7:25PM

    What great ideas for presents for cooks of all ages.

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MAMASUDS 2/7/2012 3:28PM

    That is a great law! I think we will observe it at our house too.
What a great love-package you put together for your granddaughter. I hope she sends pictures too.

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GETFIT2LIVE 2/7/2012 1:53PM

    I agree--if it's not a law, it should be that we have dark chocolate for Valentine's Day! What a beautiful, fortunate young lady; she will no doubt love her prezzies and hopefully send you pictures of her modeling them.

Now I want a dark chocolate cupcake . . . emoticon

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Rand Paul and Security

Friday, February 03, 2012

Did you see where Rand Paul refused to be searched at the airport, then was held in a special waiting room until he missed his flight before they released him?

Now he is demanding that "special" people get a "fly-by" from the security guards like rest of us cattle class have to go through.

He believes that frequent flyers shouldn't have to go through the check points. Those "frequent flyers" are politicians and the news media.

How nice.

How nice that he is now above all other Americans and should have a "pass" at being checked by security guards.

How nice that the news media and other "special frequent flyers" should all get a pass, and not have to deal with those pesky check points.

Now I have a credit card with an airline that makes me a frequent flyer. Would I belong to his elitist group whenever I decide to fly?

Give me a break. I am not a "Special Frequent Flyer". I am just a plain, old ordinary American with no money to throw at politicians and make them wealthy.

Talk about divisive!!!

First, we can't say anything for fear of being labeld "racist", or "sexist" or any number of other "ists".

Republicans and Democrats are in a serious hate war between them, which further divides Americans.

The Government is meddling with our religious values, what cars we choose to drive, where we choose to live, and whether or not we should allow contraceptives and/or abortions.

The First Lady has made it her business to tell us what we eat, but I haven't seen her show up at the check out counter to pay for anyone's groceries.

The President uses our tax dollars to do his campaigning via Air Force One, and we are told that WE need to "tighten our belts".

And now this.

This Rand Paul vs. the Security people at airports puts the cherry on the top. I am now totally convinced he has forgotten he works for US (the peons), gets paid by US (many of whom are unemployed and homeless) and can be voted OUT by US.

Mr. Paul, you are NOT "special". Get in line with the rest of us and wait your turn. You will get through the lines easier with courtesy than with haughtiness.

Put on your big boy panties and deal with it.

  Member Comments About This Blog Post:

RUFFIT 2/6/2012 10:18AM

    emoticon for posting.

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GRANNYSUE9 2/5/2012 2:38PM

    Keep telling it like it is!

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NOTFATCAT 2/4/2012 8:29PM

    They all speak out both sides of their mouths.

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MARTHASPARKS 2/4/2012 4:48PM

    Rand Paul is arrogant and his election was an embarrassment to many of us in KY. His beliefs are scary and to say he's an elitist is being kind.

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10TOES 2/4/2012 11:15AM

    You know, it's only going to get worse. They've forgotten they are supposed to represent us and now they only represent their pocketbooks. I've always been proud to be an American but our politicians should be ashamed of their actions! I agree, Mr. Paul needs no special treatment.

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This is sheer Genius!

Tuesday, January 31, 2012

In a bid to stem taxpayers losses for bad loans guaranteed by federal housing agencies Freddy Mac and Fanny Mae, Sen. Bob Corker (R- Tenn) proposed that borrowers be required to make a 5% down payment in order to qualify.

His proposal was rejected 57-42 on a party-line vote because, as Sen. Chris Dodd (D-Conn.) explained, "Passage of such requirement would restrict home ownership to only those who can afford it".

Does this explain liberals to you?

I can't add anything to this!

  Member Comments About This Blog Post:


    LOL! You know me (although its been a while), I lean towards the liberal side but I recognize DUMB when I see it! Wow!! emoticon

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RUFFIT 2/3/2012 5:01PM

    I am totally speechless!! Moni

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    Ahhh hon, yet anothers example of mans imperferfion showing that he can NOT lead himself. I leave it ALL Up to God. Yuppers.

Comment edited on: 2/2/2012 5:15:43 AM

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ALMMOM 2/1/2012 4:03PM

    I used to work in the loan industry back in the time they loaned to everyone - I couldn't believe the loan programs out there at that time. Those people are the ones that Sen. Dodd is talking about.

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MOMMA_BEAR_69 2/1/2012 2:08PM


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MARTHASPARKS 1/31/2012 9:33PM

    I'm a liberal but this is the stuff that gives us a bad name...kind of like Newt gives Conservatives one...

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FANGFACEKITTY 1/31/2012 8:07PM

    OK, I admit to being a liberal on some topics but that comment is...well, words have failed me here. He should be nominated for a Darwin award for coming out with that.

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