Oil Shortage 'Claim' Tip of the Iceburg

Few thought it was possible, but a surefire conspiracy seems to be brewing. Energy, the heartbeat of the world, is the cusp in the coming tide. The theory of Peak Oil is running rampant. Over 75% of the human population believe that he earth will soon run out of oil.. The US is producing less than 40% of the domestic crude  it needs. It’s regulatory limitations have increased so much that a new oil refinery hasn’t been built in over 30 years. It’s environmental regulations have ‘built’ a wall around obtaining oil from the Outer Continental Shelf (OCS), ANWR, and oil shales. That can mean only one thing.


The current administration seems to want a global governance. That governance would be controlled by one person–a ruler of sorts over everything. The UN would control energy, economies, and lives. But Obama has the power to put America first again.


Before one pooh-pooh’s this as another ‘conspiracy theory’, consider this. America is literally dependent on foreign oil now.  But an estimated 31 billion barrels offshore, 117 billion barrels under land managed or owned by the goverment, and 139 billion barrels beneath privately held land exist in America. Even though the US is clearly well-positioned to declare energy independence, it is handcuffed by regulations from purported oil leaks from platforms, transport leaks, and increasing CO2 loads in the atmosphere.


Accoding to (A World Afloat on an Ocean of Oil// 6/15/08) American Daily: Contributor – Alan Caruba, oil seems to be available many places. We just haven’t accessed it yet. In the recently released 10/09 report by the U.S. Fossil Fuel Resources: Terminology, Reporting, and Summary, it readily shows how the US has a huge amount of oil, natural gas, and coal that hasn’t been accessed, but is there for the taking.


Amazingly, on 7/3/06 the Investor’s Business Daily editorial reported that no major spills were recorded as Hurricanes Rita and Katrina battered almost 3000 oil and gas drilling platforms operating in the Guf of Mexico. There have been operating oil platforms offshore in Britain and Norway for decades with no incidents, and oil platforms in Brazil have had the same performance. Per the Department of the Interior, more than 7 billion barrels have been produced in federal waters with less than 0.001% spilled.


Logically, a new device called the ‘breakaway’ valve has been used. Even if the entire platform is ripped a way, the pumped oil is immediately shut off. To put things into a better perspective, a National Academy of Sciences report shows 63% of the leaked petroleum in North American waters comes from natural seepage fom the ocean floor. According to Power Line – Where to Drill Firstin Santa Barbara the local group Stop Oil Seeps advocates drilling there to improve the environment.


Bottom line–INSIGHT on Freedom: Life in a Box by Paul Driessen shows the existing administration stating an ‘official’ unemployment rate of 10.2%. But a closer look shows a number closer to 22% if you count all those who have given up trying to find a job. That compares to Americans working at 1.2 million new well paying jobs, just in the energy sector, found in Doc Hastings : Obama Blocks New Energy ExplorationTownhall.com. This would also include $70 billlion in additional wages each year (American Energy Alliance). Oh, that also includes 2.2 trillion in total tax receipts. Better add fewer unemployment checks being paid out. This increases US energy independence, and reduces the risk of terrorists threatening to disrupt an oil supply.


According to Driessen, many of our best energy prospects are off-limits, and locked up in over 5,000,000 acres of wilderness, refuge, park, recreation, endangered species habitats, ecological study areas, and “protective buffer zones”. The total of oil shale deposits in America makes any other country look pale in comparison. The Institute for Energy Research calculates oil shale deposits alone in America contain 1 trillion barrels of recoverable oil. That is nearly equal to the world’s total known conventional oil reserves.


On 12/28/09 we learned the US government is going to loan Petrobas, a Brazilian oil producer, up to $10 billion to finance the development of massive hydrocarbon reserves off Brazil’s coast. If successful, Brazil would transform into one of the world’s top 10 oil producers. Nothing but restrictions on the US.


It turns out The Myth Of Peak Oil destroys claims oil is only a fossil fuel, or a biological detritus of either fossilized remains of dinosaurs or algae. Amazing it has already been calculated that all the oil pumped, and in the ground now, is immensely larger than all the fossilized detritus that could have ever formed.  


Restrictions on coal,  nuclear energy, and natural gas all add at least 5 times to the numbers predicted above for America without current restrictions and regulations. Evidently this administration has something else in mind. How could they possibly be against more energy independence, higher employment, elimination of terrorist blackmail in the US, and more tax revenue?


Yes, Obama alone has the ability to pull America out of the demise it’s in now. All indications are he will not do that. In fact many didn’t catch it, but Obama even mentioned the US being in the ‘global’ economy during his State of the Union address on 1/27. 


If we actually knew what Democrats discuss behind closed doors, we’d have a new admistration.



Kevin Roeten can be reached at [email protected].