120 Hours ahead of my time, (Damn I’m Good)

Last week I put out a posting 2+2=3 (May 9, 2012) although it dealt with percentage and number manipulation mostly on unemployment but I touched on the estimated fuel reserves in the United States.  Guess what’s out now (after a house subcommittee hearing).  According to the GAO Director of Natural Resources, the Green River Formation located under southern Wyoming, northwest Colorado and northeast Utah has been upgraded.  This shale oil deposit is now estimated to hold 3 TRILLION BARRELS of oil, 1.5 trillion of that could be recovered with today’s technology.  To put it into context the proven oil reserves of the entire world have been estimated to be 1.39 trillion barrels.  Effectively overnight the world’s oil supply has been doubled by one site.  Have you even seen this on the news?  This is a big deal!  Does the United States want and need a reliable source of economical fuel for the next 200 years??? 

Then “DRILL BABY DRILL!!!” 

    Even with this, we would be at the earliest 5+ years away from seeing a benefit from this national natural resource.  The government needs to fast-track the development of this site ASAP.   Everybody needs to speak up. 

The new battle cry…     GRF FOR THE NATION NOW!    

Any Politician that’s in the pockets of special interest that thinks they can stand in the way of GRF development needs to be tossed out like yesterdays trash.

   

    Most of the formation is located under federal land, that doesn’t make it the property of the government; it’s the property of every United States Citizen…  This should be a nationalized reserve developed for domestic consumption only.  Production baseline limited to previous year demand.  Prices of the 3% to 4% of supplemental oil would be greatly reduced without the U.S. being dependent upon the open market.  Again this would be a nationalized reserve operated by a federal workforce (normally I’m against the Gov. being involved in almost anything but a federal agency that actually operates at a profit).  A real national health care benefit could be funded, social security could be set back on track and a portion dedicated to alternative energy research with all data/breakthroughs made available to privet industry for development, no funding of companies for supposed development (like Solyndra… Political contribution payback? Someone needs to go to jail over that one).  An amendment to the constitution would have to be put into place to prevent the resource from becoming a slush fund for special interest or political earmarks/vote buying.        

    Finally for all the “Green Energy” buffs (that don’t practice what they preach, Al Gore) it has been said “Necessity is the mother of invention.” I disagree.  Necessity leads to one failed stopgap measure after another until you accidentally stumble across something that works for you.  Cheap reliable energy frees up money and resources for effective research and development.  If someone can make money on it, they’ll build it.  If someone can save money by using it, they’ll buy it.  To artificially elevate fossil fuel prices by withholding our own resources to further an agenda is nothing short of extortion and criminal. 

GRF FOR THE NATION NOW!

The TOMCAT