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Getting off of Arab oil is a matter of national security. It creates the types of entanglements that have us arming ISIS to fight proxy wars in Libya & Syria for the benefit of Saudi Arabia & Qatar.
I like the idea of burning through other countries oil first, as long as the price isn't too high.
That is a wonderful thought. Drain the oil of other countries, when prices are low. When prices go up, we resort back to our supply. If some other countries 'run out' of oil to sell, we would sell them ours: at a price.
I am rather pleased by this announcement about the Wolfcamp field, since my mother owns a nice royalty interest in Glasscock County, which appears to be right in the middle of the field. I also have a mineral interest, but it is southern Yoakum County (where no drilling has ever been successful), and I fear it is outside of any such field, regardless of the depth one goes to. I guess I will know in the future, if landmen start contacting me about selling, or leasing, my mineral interest.
So much for the left's hysterical "peak oil" theories. LOL.
It now appears that there will be plenty for humanity to figure out alternative energy sources in our own good time. Which appears likely to take at least 50 years and probably closer to 100 years.
The 'peak oil' argument has basically been abandoned in favor of the anti-carbon argument.
All this Nat Gas doesn't bode well for Coal. Right?
Well, by my calculations it's only about 7 months worth of current US natural gas usage (at least the 16 trillion cubic feet part). The oil is about 33 months worth of current US crude oil usage. Not sure about the natural gas liquids.
All this Nat Gas doesn't bode well for Coal. Right?
I just hope we don't burn up all of the natural gas for electricity production. I don't want to have to burn bituminous coal in my house to keep warm. Yuck!
So much for the left's hysterical "peak oil" theories. LOL.
It now appears that there will be plenty for humanity to figure out alternative energy sources in our own good time. Which appears likely to take at least 50 years and probably closer to 100 years.
They try and lie about coal too and natural gas too. The evidence is overwhelming. The left just like to kill jobs and not replace them and that's why they're big losers in the elections and probably all of the elections for the next 8 years.
Big fat losers with a big "L" tattooed on their bearded hipster forehead. That's what the Dem party has become.
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