Public-Private Investment Program (Communism)…

The name itself makes my head hurt…
From a glee filled state media outlet:
A key part of that regulatory framework will give the government new resolution authority to take over troubled institutions that would pose a threat to the entire financi…

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Gracious apology accepted, blast

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Mata ut your blame where it belongs.. and that’s not me.. or this is my last communication with you personally on *any* subject.

My comment was not meant to personally indict you, as you don’t control policy or run oil companies. It was a poor choice of words. Sorry if you felt insulted.

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blast: If you are accusing me of skipping over US resources lightly, I would say to look at how easy you allow our country to be so dependent on Foreign sources of oil… and you know much of that comes from unfriendly places.

Whoa there, bubba. Them’s fightin’ words. It is not *me* that increased our oil dependency to over 60%. You can thank your bozo Congressmen and women for decades on that. In fact, you can still email your thanks to them since most those career politicians are still there, living off of our dime. It was Congress who refused additional E&P for decades. It was Congress who refused to build additional refineries for decades. It was Congress who thwarts alternative energies from being affordable. Put your blame where it belongs.. and that’s not me.. or this is my last communication with you personally on *any* subject.

We are importing 60+% of our oil Mata, we are not going to make that up with a few more holes in the ground… snip…Drill Drill Drill…. but eventually all of those resources will be depleted… and that eventuality will be sooner not later.

A “few more holes”?? Depleted? You can’t get past Anwar and the Gulf into other possibilities. sigh… still stubbornly stuck on stupid, eh?

And yeah, I am protectionist if that means putting Americans FIRST!

We, as the old saying goes, now we know *what* you are… now it’s just negotiating the price. And I guess, for you, the price is to raise the price of energy on the rest of us, potentially bankrupting businesses and citizens. For this is what you are doing by ignoring the other possibilities merely so you can feel good.

Done with you on this discussion, blast. You don’t demonstrate anything but a mantra of nonsensical talking points not based in reality or fact. Don’t have time for this.

Or, as O’Reilly likes to say… “I’ll give you the last word”. Just be sure you remove your boot from your mouth before inserting the other one.

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Mata: Why doth though skip over the US resources so lightly? i.e. coal, shale, Alaskan reserves and off shore? and if we are to export cash for supplemental, is it preferable to get that from a neighbor and ally.

And no… that’s not *why* the sacred cow of reserve currency is in doubt.

We are importing 60+% of our oil Mata, we are not going to make that up with a few more holes in the ground… we need a real solution and long term condition. Drill Drill Drill…. but eventually all of those resources will be depleted… and that eventuality will be sooner not later.

Yes, the reserve currency is connected to deficits (yep including Pres Obama’s budget) and TRADE deficits where we export HUNDREDS of BILLIONS of DOLLARS each year.

If you are accusing me of skipping over US resources lightly, I would say to look at how easy you allow our country to be so dependent on Foreign sources of oil… and you know much of that comes from unfriendly places.

And yeah, I am protectionist if that means putting Americans FIRST!

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sniff sniff… do I detect the scent of isolationism and protectionism in the air?

blast, blast. Why doth though skip over the US resources so lightly? i.e. coal, shale, Alaskan reserves and off shore? and if we are to export cash for supplemental, is it preferable to get that from a neighbor and ally.

And no… that’s not *why* the sacred cow of reserve currency is in doubt.

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Mata :Otherwise you’d be an “all of the above” and “not in the Middle East” kind of guy.

I am fine with them drilling in Anwar, off the coasts or wherever. Last time I checked, Canada was a foreign country so getting supplies from them, although less security damaging than the middle east etc, is still exporting dollars. That is why the sacred cow of “reserve currency” is in doubt as well.

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“Backed up by a majority”?? Really now, blast. I’d love to see how you came to the conclusion that the “majority” of expects say the earth does not continue to create oil reserves. Again you confuse current extraction ability with the amount of oil possible from reserve fields, and alternative oil sources.

And that *is* a resourse and economic/security argument. Were we allowed to do E&P elsewhere in the world, we could most certainly continue to have a plentiful supply of oil. That would allow technology to advance for alternative supplements without being up against the gun.

blast: It Oil was so abundant and replenishing, why the heck are we importing so much of it? Oh, yeah, you will say because of Anwar, or off shore drilling we are in this deficit.

Yes, blast. Why *aren’t* we allowed to use the Canadian sources, the Gulf and Alaska sources, the shale oil we have availble. And while we’re at it, why can’t we use the US coal sources? There is such a thing as clean coal, ya know. Then of course, there’s gas fields.

Problem is nanny legislation and enviro lobbyists thwart every effort to advance conventional AND alternative sources. From wind to solar farms, the enviros are right up front, protecting turtles and refusing to allow the transmission grid to pass thru natural land and parks. Then there’s Britain and Brown, who’ve lost their alternative energy investors. because they are in such deplorable economic condition. Or perhaps it’s British regulations. Either way, they are happy to pull out of that country, despite Brown’s personal agenda… which closely mirror’s Obama’s, BTW.

The announcement comes less than two months after ministers backed a string of huge gas-fired power stations, prompting concern that the Government cannot fulfil its promise of a green energy revolution.

Iberdrola Renewables’ decision to cut its investment in Britain by more than 40 per cent, or £300 million — enough to build a wind farm powering 200,000 homes — is the latest obstacle to Gordon Brown’s target of generating 35 per cent of the country’s electricity from renewable sources by 2020. Lifting it to that level from the current 5 per cent would cost an estimated £100 billion. But wind energy investments have collapsed as funding dries up in the credit crunch and the price of oil, gas and coal has fallen. Delays obtaining access to the national grid and planning permission have compounded the industry’s woes.

Shell and BP have shelved or pulled out of renewable energy projects, including a £3 billion project for 341 turbines in the Thames Estuary, and questions have been raised over the future of npower’s £2.2 billion Gwinty Mor farm off the Welsh coast.

< ~~~

A recentlyapproved gas-fired station in Pembroke will be the largest in Britain, producing 2,000 megawatts, two thirds of the total produced by all of the country’s wind turbines.

[Mata Musing: my my... let's not consider more efficient and cost effective measure, eh?]

Xabier Viteri, chief of Iberdrola Renewables, whose Spanish parent owns ScottishPower, blamed the economic crisis for the move but added that problems in Britain could force his company to consider investing elsewhere.

You are deliberately limiting yourself in what you see as oil sources when you bandy about only Anwar or the Gulf. Unfortunately, it seems to be based in environmental emotion instead of logcial concern about our national security. Otherwise you’d be an “all of the above” and “not in the Middle East” kind of guy.

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Mata: Your opinion is your opinion. But it is not based on fact and logic, but emotion.

My opinion is based upon things I have learned, and is backed up by a majority of geologists and oil businesses. I have not made an environmental argument, but a resource and economic/security argument. You bet there I have some emotional feelings about dealing with the Middle East for oil. If not for our money they would be in tents and riding camels.

I realize like “Global Warming” and “Intelligent Design” there are people that have opinions on both sides, and yes, I disagree with you, however there in much logic and fact in the belief I hold on the finite amount of oil. I also have indicated the sustainably of use of oil is more that its intrinsic amounts, but the economic and security aspects of the lack of reserves here at home. It Oil was so abundant and replenishing, why the heck are we importing so much of it? Oh, yeah, you will say because of Anwar, or off shore drilling we are in this deficit. Even with use of those resources we still would be without enough supply.

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@MataHarley:

Interesting write up, we could be energy independent rather quickly if not for the slugs that are standing in the way.

http://www.americanthinker.com/2009/03/an_end_to_dependence_on_middle.html

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