John Bolton

John Bolton

The Choice on November 6th Couldn't be Clearer!

Wednesday, June 16, 2010

Obama Says We are "running out of places to drill???"

Not so!

I just want to make sure this highlight from last night's speech doesn't get lost in the clutter:

OBAMA: Oil is a finite resource. We consume more than 20 percent of the world’s oil, but have less than 2 percent of the world’s oil reserves. And that’s part of the reason oil companies are drilling a mile beneath the surface of the ocean -- because we’re running out of places to drill on land and in shallow water.
It's been said many times and is worth saying again: we have abundant supplies of oil in this country, but they have all been put off limits by Democrats who are intent on forcing us to adhere to a flawed environmental premise.

We have PLENTY of oil!

Potentially 85 BILLION barrels of oil offshore:


source: Minerals Management Services (click for full size map PDF)

Potentially 47 BILLION barrels of oil onshore:


source: US Geologic Service (click for full size map PDF)

And over TWO TRILLION barrels of oil in Western oil shale:


source: Institute for Energy Research, US EIA data)

And we haven't even mentioned US coal resources and Natural Gas!

While the rest of the world is scrambling as fast as they can to exploit the energy resources they have, Democrats in the U.S., at the urging of their environmental extremist overlords have consistently done whatever they could to block nearly all development of U.S. energy supplies. No wonder we cannot break our dependency on foreign energy.

The bottom line is that liberals want to control and restrict the sources of energy as a way to exercise primary control over the lives and economic well being of Americans. Even if they got their way with all current legislation for Cap and Tax it wouldn't do one thing to help "save" us from climate change!

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