Biker Blogs > Justyforya's blogs > Time to Nationalize OIL Companies - Part 3
Time to Nationalize OIL Companies - Part 3 Sort by:
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justyforya
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Posted on Thu, Jun 12, 2008 20:37

Over the last first weeks Heil Hannity, Druggie-Limp-Dick Rush and complete case of rightwing mouthpieces for the RepubliCONs have been lying and trying to blame the US Congress for not allowing Big Oil to drill and thus creating the current gas price escalation. Like THE JUSTY [bearer of truth and justice] has been telling ya for years, "all the RepubliCONs have left are lies and liars". Today, I ran across this little article, 'The Truth About America's Energy: Big Oil Stockpiles Supplies and Pockets Profits' by the US House of Representatives Committee on Natural Resources, Chairman Nick J Rahall II, date June 12, 2008. Google it if you wish to read the complete report of about half dozen pages. Here are a few facts just for ya: Introduction "While the oil industry and some Members of Congress argue that opening more federal lands and waters would lead to lower gasoline prices, the facts prove otherwise". Facts: 1) "Since the 1990's the amount of drilling on federal lands has steadily increased during this time. The number of drilling permits has exploded in recent years, going from 3,802 five years ago to 7,561 in 2007." That is 11,363 NEW DRILLING PERMITS DURING THE LAST 10 YEARS for the mathematical impaired! 2) "Between 1999 and 2007, the number of drilling permits issued for development of public lands increased by more than 361%." 3) "Energy Companies [are] NOT Using Federal Lands Already Open to Energy Development. Even if increased domestic drilling activity could affect the price of gasoline, there is yet NO JUSTIFICATION TO OPEN ADDITIONAL FEDERAL LANDS BECAUSE OIL AND GAS COMPANIES HAVE NOT shown that they cannot keep pace with the rate of drilling permits that the federal government is handing out. In the last four years, the Bureau of Land Management HAS ISSUED 28,776 PERMITS TO DRILL ON PUBLIC LAND; yet, in that same time, 18,954 wells were actually drilled. That means that COMPANIES HAVE STOCKPILED NEARLY 10,000 EXTRA PERMITS that they are not using to increase domestic production." 4) "Combined, oil and gas companies hold leases to nearly 68 million acres of federal land and waters that they are NOT PRODUCING OIL AND GAS. Oil and gas companies would not buy leases to this land without believing oil and gas can be produced there, yet THESE SAME COMPANIES ARE NOT PRODUCING OIL OR GAS FROM THESE AREAS ALREADY UNDER THEIR CONTROL." 5) "If we extrapolate from today's production rates on federal land and waters, we can estimate that the 68 MILLION ACRES OF LEASED BUT CURRENTLY INACTIVE FEDERAL LAND AND WATERS COULD PRODUCE AN ADDITIONAL 4.8 MILLION BARRELS OF OIL and 44.7 BILLION CUBIC FEET OF NATURAL GAS EACH DAY." "THAT WOULD NEARLY DOUBLE TOTAL U.S. OIL PRODUCTION, and INCREASE NATURAL GAS PRODUCTION BY 75%." "It would also CUT U.S. OIL IMPORTS BY MORE THAN A THIRD, and be more than six times the estimated peak production from the Arctic National Wildlife Refuge (ANWR)." 6) "Proponents of opening additional lands to oil and gas leasing assert that vast quantities of oil and gas are closed to energy development. In fact, according to the Minerals Management Service, OF ALL THE OIL AND GAS BELIEVED TO EXIST ON THE OUTER CONTINENTAL SHELF, 82% OF THE NATURAL GAS AND 79% OF THE OIL IS LOCATED IN AREAS THAT ARE IN AREAS CURRENTLY OPEN FOR LEASING." 7) "The Department of the Interior recently released a report2 that the Administration is using to delude Americans into believing that vast tracts of federal land with large concentrations of oil and gas are off-limits to oil and gas development. In actuality, the report shows that only 38% of the oil and 16% of the natural gas are excluded from leasing B largely because those resources are underneath National Parks and wilderness areas that have significant scenic, recreational, and wildlife values. The rest is either fully accessible under standard lease stipulations designed to protect lands and wildlife, or will be accessible pending the completion of land-use planning or environmental reviews. " 8) "Proponents of drilling in Alaska are most often focused on a 1.5 million acre area in the 19.2 million acre Arctic National Wildlife Refuge (ANWR). Established in 1960 and expanded in 1980, ANWR includes a 1.5 million acre area of the coastal plain known as the A1002 area which requires Congressional authorization before oil drilling may proceed there." "However, in addition to ANWR, THERE ARE ANOTHER NEARLY 91 MILLION ACRES CURRENTLY OPEN TO LEASING IN THE ARCTIC REGION OF ALASKA, including onshore and offshore lands. Oil and gas companies have leased only 11.8 million of the 91 million acres. Within the National Petroleum Reserve-Alaska (NPR-A), oil companies have leased 3 million acres of 22.6 million acres available to lease. No production has occurred on any of those lands and industry has drilled only 25 exploratory wells there since 2000." "The Energy Information Administration (EIA) estimates that it will require 8 to 10 years after opening ANWR before oil is produced from any new leases. Furthermore, it would be 20 years after opening ANWR before oil production reached its peak of only 780,000 barrels per day. Production at that level would start to drop within a short time. According to the EIA, opening ANWR would reduce U.S. crude oil imports, but not until 2022-2026 and only by a few percentage points. Further, it would not significantly increase total world oil production, nor would it significantly affect world oil prices." Google the report and read it your self. Like THE JUSTY has been telling ya for years now, all the GOPs have left are lies and liars. That is why Liberals call them CONS.. like RepubliCONs. These liars are pulling the wool over your eyes. STOP BEING FOOLS AND WISE-UP! JUSTY CAN'T WATCH YOUR BACKS FOREVER.


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justyforya
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Posted on Wed, Jun 18, 2008 19:09

Junie, According to forbes hardest working labor force, "United Kingdom, which comes in at No. 20 on the list". Now the oil nationalized thing.. the U.S. owns the land which the majority of U.S. oil is located. We allow the oil companies to lease the land so they can make un-Godly profits. If we take the high profits out of the cost of oil that would reduce the cost.


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Junie2006
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Posted on Sat, Jun 14, 2008 03:09

Nationalization has its own problems. In England because of the power of the rich mine owners and utlity owners who had disregard for the welfare of the worker and would sell the country out tomorrow for a profit. (many conspired and coluded with Hitler to hand over the country as long as they kept their positions and money) Labour nationalized a lot of the vital industries. OK. Workers had a better deal and the country was gauranteed fuel and resources. However, as Socialism has proved if the workers aren't threatened with a kick up the arse and loss of job if they don't work or chance of prospects they do as little as possible and fuck up the job. Known today as the English Malaise. Got Madonna spitting tail feathers when she moved over here and found out how lazy our work force is. Yes the owners of the wealthy corporations and utlilies don't give a fuck about America or its people or its security. But nationalization will not be the way. In the hands of elite or in the hands of the proletariats. Its always in the hands of people who don't give a fuck. Basic problem with all systems. Up the revolution. Anarchy Rulez OK. Farewell to Catalonia. JunieXXX


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Posted on Fri, Jun 13, 2008 07:53

Who farted,,,,,


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moonshiner
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Posted on Fri, Jun 13, 2008 04:40

My gawd, I can't believe you distrust our media and politicians so much. They would'nt tell us unthruths, that would be unethical I think. geez I may have to hurl after saying that.


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