Peak Oil claims were bogus!

By Joe Carroll
Feb 6, 2012 12:15 PM CT

When Daniel Lacalle, in his early 20s, took a job with Spanish oil company Repsol YPF SA in 1991, friends chided him for entering a field with no future.

“They all said, ‘Why do you want to do that? Don’t you know only 20 years of oil is left in the whole world?’” he recalls. Two decades and four energy crises later, the U.S. Geological Survey estimates that more than 2 trillion barrels of untouched crude is still locked in the ground, enough to last more than 70 years at current rates of consumption.

Technological advances enable companies to image, drill and shatter subterranean rocks with precision never dreamed of in decades past. Trillions of barrels of petroleum previously thought unreachable or nonexistent have been identified, mapped and in many cases bought and sold during the past half decade, from the boggy wastes of northern Alberta, to the arid mountain valleys of Patagonia, to Africa‘s Rift Valley.

“Betting against human ingenuity has been a mistake,” says Lacalle, who today helps oversee $1.3 billion as a portfolio manager at Ecofin Ltd. in London.

“The resource base is absolutely enormous, so much so that we will not run out of oil in my lifetime, your lifetime, our children’s lifetimes or our grandchildren’s lifetimes.”

The Inkdemon says:  Al Gore, Eat you heart out!

via Peak Oil Scare Fades as Shale, Deepwater Wells Gush Crude – Bloomberg.

Will the Keystone Pipeline Harm the environment?


The InkDemon wants to know the answer to another question:

Why did not the Republicans put this map out there?

Why didn’t U.S. House of Representatives Speaker John Boehner call a news conference and show this map?   Is he smoking dope, too?

Why didn’t my congressman, Rep. Sam Johnson, put this map on his web page?

Why didn’t Al Lee, who is running for the U.S. Congress and is promising to look out for the people, put these maps on his web site?

Why didn’t Newt Gingrich, Mitt Romney, and “Slick” Rick Santorum, and even Ron Paul put this map on their web sites?

Who IS looking out for America?  Who is looking out for the folks?  I didn’t see this on Bill O’Reilly’s Show!

Is everyone too absorbed in watching, Days of Our Lives on TV?

smoke_dopeCome on people!  Republicans are supposed to be smarter than this?  Is everyone smokin’ DOPE?

It should have been simple.  Get a map and show the people where the existing pipelines are.  Overlay the existing pipelines with the proposed pipeline.   That would have exposed Obama and his liberal friends for what they really are: a bunch of liberal dope smoking LIARS!

Obama: More jobs in jobless benefits than Keystone


From the Washington Examiner:

President Obama said that he will delay his vacation and keep Congress in session until the passage of his desired payroll tax cut and unemployment benefits extension — two proposals that Obama said would create more jobs than the Keystone XL pipeline that his administration recently delayed.

“I would not ask anyone to do something I’m not willing to do myself,” Obama said when asked if he would go on vacation while keeping Congress in Washington D.C. “We are going to stay here as long as it takes [to get unemployment extended and pass the payroll tax cut].”

As Obama called for passage of those bills, he also responded to a recent Republican push to require him to approve the construction of the Keystone XL pipeline from Canada. “However many jobs might be generated by a Keystone pipeline,” he said, “they’re going to be a lot fewer than the jobs that are created by extending the payroll tax cut and extending unemployment insurance.”

Read the article …

Obama to reject Keystone Pipeland


Obama administration to reject Keystone pipeline

By Juliet Eilperin and Steven Mufson, Wednesday, January 18, 10:39 AM

The Obama administration will announce this afternoon it is rejecting a Canadian firm’s application for a permit to build and operate a massive oil pipeline across the U.S.-Canada border, according to sources who have been briefed on the matter.

However the administration will allow TransCanada to reapply after it develops an alternate route through the sensitive habitat of Nebraska’s Sandhills. Deputy Secretary of State William J. Burns will make the announcement, which comes in response to a congressionally-mandated deadline of Feb. 21 for action on the proposed Keystone pipeline.

Read more …