Author/”THE OIL MAN”
This article will cover some of the basic truths about Oil, Coal, and Natural gas that are within the borders of our nation, the United States. President Obama has never allowed the total exploration of any of these 3 major sources of energy that our nation has more of then any other country in the world! It is so very sad that President Obama has turned his eyes away from these sources of energy that our nation holds and has more then all the other nations of the world! The use of these fuels has little or no affect on the environment as a whole. Many will be very quick to say that these fuels pollute and cause the lame idea of “global warming”, which is a story for another time.
Let us begin by going to an article by the Government Accounting Office, GAO, http://news.investors.com/article/611380/201205141900/green-river-equal-to-worlds-oil-reserves-.htm?p=full, this was written as recent as this past may, just a mere 3 months ago. Here the GAO told Congress, “The Green River Formation out west contains an ‘amount equal to the entire world’s proven oil reserves.” Now the question begs to be asked, why in the world is our nation through the office of the President of the United States, NOT opening up these “FEDERAL” lands??? The first and foremost answer to this can be heard by President Obama each time he discusses the energy plans, it all comes down to one subject and no other subjects are considered, that subject comes clearly to President Obama’s “GREEN ENERGY” policy of which has failed along every step of the way.
If we sit down with the formulas and do all the calculations we would find that Wind produces just ¼ of the energy as does one Natural Gas plant. To put this in a way of which can be understood, this means that 660 windmills are needed to replace just one Natural Gas Generator! Now we can see why President Obama wishes to have all these useless windmills all over the place, it will employ many more people, or does it? In either case, 660 windmills compared to just one Natural Gas generator, just the difference in land usage alone would have a lot of meaning. It takes nearly a full acre for each windmill so this would mean the loss of 660 acres of land, which could be used for other purposes or it could be used as “nature parks”. Now this is with windmills alone!
One has to wonder what the land usage would be for solar panels and all one has to do here is to realize that just since 2009, 5 Solar Companies have gone out of business because they could not keep working even with government subsidies! Tax Payers lost billions of dollars to these companies after they laid out their plans and worked on developing “Solar” energy. Yes, they may have some companies that have solar working for them, but once again when the load factor of the energy7 formula comes into play, “SOLAR” is even further down then the windmills, and solar take up so much more room!
President Obama has allowed the very people he said he has helped fall into the cracks due to his disregard of all the natural energy resources our nation has on hand! President Obama has made the statement time and time again that our nation only has 2 percent of the world’s proven reserves, well that is a HUGE LIE!! GAO director of natural resources and environment, testified to Congress during the week of May 7, 2012 that, “just one small part of the United States is capable of out producing the rest of the PLANET!!!” What? How can this be? Has President Obama been selling the people of the United States a very large LIE? The answer is very simple, YES! President Obama has been hiding the very true statement that just in 3 States, Colorado, Utah, and Wyoming, nearly 1.7 TRILLION barrels of oil lie around 1,000 feet below the surface waiting to be taken out! Yes, that is a FACT, 1.7 TRILLION barrels of oil, and they may have much more in this area but President Obama does not allow the exploration or production of this area!!
Mittal stated to Congress that according to the U.S. Geological Survey, “estimates that the Green River Formation contains about 3 TRILLION barrels of oil, and about half of this may be recoverable, depending upon available technology and economic conditions.” Again, WHAT???? How can President Obama even think about stating to the people of the United States that we do not have enough oil when in fact our nation has more oil then the entire world has at this very moment?? How can President Obama even think he can get away with making such an absurd statement? It is very simple to him, that oil does NOT count as proven reserves since little drilling has been done to prove this to be true, yet the U.S. Geological Survey says it is true! Here is where President Obama has once again misled the very people he lays claim to be helping, in President Obama’s eyes, as long as no drilling proves this vast amount of oil is there, he can keep them from drilling there since over 72% of the land belongs to the Federal Government and since he can keep them from drilling, he can say that is NOT a reserve of oil!! How selective for President Obama!
President Obama would much rather continue disclosing the very false idea that the United States has no oil left while he “FORCES” the idea of HIS “GREEN” energy upon the very people he always says he is trying to help! If president Obama was very truthful and REALLY wanted to help the middle class people, he would allow drilling in this very large oil reserve and he would also tell the EPA to back off their restrictions and allow 50 more refineries to be built to handle all the oil that would be flowing within 6 months! But, and here is the problem, President Obama does NOT care about the people nor does he care about the FACT that the United States does NOT need any foreign oil, President Obama finds it much more powerful to “FORCE” people to use small problematic electric cars so that his friends can get rich off of their “GREEN” energy projects at the expense of the Tax paying public!
To give one the idea of what the Green River Formation holds and President Obama refuses to allow to be extracted, with the oil consumption of our nation at about 20 million barrels of oil per day, the “GREEN RIVER FROMATION” alone could supply the United states with enough oil for the next 200+ years!!! Now this is just in the Green River Formation alone, this does NOT include what lies off the East Coast or what lies in Anwar or what is yet to be found! It is very conceivable to say that the United States has enough oil to sustain itself for the next 300+ years!! Now why is President Obama hiding this most IMPORTANT fact of all?
That was just what the United States has in oil alone! Now if we check out the Natural Gas, we find that our nation, the United States has enough Natural Gas to run all the electricity of the entire nation for the next 600 years!!! The site listed below has a very good article about the Natural gas in the United States and we have included that article here for all to see. Once again the question pops up, why is it that our nation does not go after and use all this natural resource that is actually cleaner then all other sources of fuel? It comes back to the ideology of President Obama and his determination to “FORCE” the very people he claims to be helping to use Obama’s “GREEN” energy which has been tried time and again for the last 40 years has proven unobtainable! Our nation has more Coal then all the world yet once again, President Obama has decided for the very people he claims to want to help that Coal is bad and “GREEN” energy is good, no matter how much it may cost in jobs, money, finances, and even lives!! We as a nation can change this attitude in November and once the drilling embargo is lifted, prices will fall, jobs will bloom and our nation will become prosperous once again!
While reading the article below remember that this article is based upon the “PROVEN” reserves and does NOT take into account just what actually lies in the ground just waiting to be taken out. This data is very small because in reality, the United States does have more Natural Gas then is shown here.
How Much Natural Gas is There?
There is an abundance of natural gas in North America, but it is a non-renewable resource, the formation of which takes thousands and possibly millions of years. Therefore, understanding the availability of our supply of natural gas is important as we increase our use of this fossil fuel.
This section will provide a framework for understanding just how much natural gas there is in the ground available for our use, as well as links to the most recent statistics concerning the available supply of natural gas.
As natural gas is essentially irreplaceable (at least with current technology), it is important to have an idea of how much natural gas is left in the ground for us to use. However, this becomes complicated by the fact that no one really knows exactly how much natural gas exists until it is extracted. Measuring natural gas in the ground is no easy job, and it involves a great deal of inference and estimation. With new technologies, these estimates are becoming more and more reliable; however, they are still subject to revision.
A common misconception about natural gas is that we are running out, and quickly. However, this couldn’t be further from the truth. Many people believe that price spikes, such as were seen in the 1970’s, and in the early to mid-2000s, indicate that we are running out of natural gas. The two aforementioned periods of high prices were not caused by waning natural gas resources – rather, there were other forces at work in the marketplace. In fact, there is a vast amount of natural gas estimated to still be in the ground. In order to better understand exactly what these estimates mean, and their importance, it is useful first to learn a bit of industry terminology for the different types of estimates.
U.S. Natural Gas Resource Estimates
Below are three estimates of natural gas reserves in the United States. It is important to note that analysts use different methodologies and systems of classification in various estimates. There is no single way that every industry player quantifies estimates of natural gas. Therefore, it is important to delve into the assumptions and methodology behind each study to gain a complete understanding of the estimate itself. The first, compiled by the Energy Information Administration (referred to as the EIA), estimates that there are 2,543 trillion cubic feet (Tcf) of technically recoverable natural gas in the United States. This includes undiscovered, unproved, and unconventional natural gas. To learn more about these classifications, click here. As can be seen from the table, proved reserves make up a very small proportion of the total recoverable natural gas resources in the U.S. The most recent EIA data on proved reserves in the U.S. can be found here.
(Source: EIA Annual Energy Outlook 2011)
An estimate of natural gas resources compiled by the National Petroleum Council in its 2007 report Facing the Hard Truths About Energy. In their study, the National Petroleum Council estimated there were 1,451 Tcf remaining in the U.S. According to this 2007 report, advances in technology could bring natural gas resources to 1,887 Tcf by 2017. Since then, natural gas resources have dramatically changed because of the ability to extract natural gas from shale rock found in more than 20 states in the U.S. The National Petroleum Council has undertaken an updated analysis of resources. This North American Resources Study was scheduled to be released in March of 2011 but is not yet available.
Below is an estimate for year-end 2010 completed by the Potential Gas Committee and released in April 2011. This estimate places total U.S. total production resources at 2,170 Tcf.
Mean Values, Tcf Change
Resource Category 2010 2008 Tcf (%)
Traditional Gas Resources:
Probable resources (current fields)…………………….. 536.6 441.4
Possible resources (new fields)…………………………. 687.7 736.9
Speculative resources (frontiers)………………………… 518.3 500.7
Total Traditional Gas Resources*…………………….. 1,739.2 1,673.4 +66.7 (3.9%)
Coalbed Gas Resources:
Probable resources………………………………………….. 13.4 14.2
Possible resources………………………………………….. 48.1 49.8
Speculative resources………………………………………. 96.2 98.9
Total Coalbed Gas Resources*…………………………. 158.6 163.0 –4.4 (–2.7%)
Grand Total Potential Resources**………………. 1,897.8 1,836.4 +61.4 (3.3%)
Proved dry-gas reserves (DOE/EIA)…………………………. 272.5† 244.7
U.S. Future Gas Supply …………………………….. 2,170.3 2,081.1 +89.2 (4.3%)
In addition to the three estimates above, there are a myriad of different industry participants that formulate their own estimates regarding natural gas supplies. While this leads to a wealth of information, it also leads to a number of difficulties. Each estimate is based on a different set of assumptions, completed with different tools and even referred to with different language. It is thus difficult to get a definitive answer to the question of how much natural gas exists. In addition, since these are all essentially educated guesses as to the amount of natural gas in the earth, there are constant revisions being made. New technology, combined with increased knowledge of particular areas and reservoirs mean that these estimates are in a constant state of flux. Further complicating the scenario is the fact that there are no universally accepted definitions for the terms that are used differently by geologists, engineers, accountants, and others.
Historical Proved Natural Gas Reserves
Using data recorded by EIA shows the change in proved natural gas reserves in the United States from 1979 to 2009. The levels of proved reserves in the United States have changed significantly over the past 10 years. If the additions to proved reserves in a given year are larger than the subtractions from production, then proved reserves will increase, and vice versa. Usually, however, the additions are close enough to the subtractions to maintain a relatively constant level of proved reserves. For the most recent reserve statistics, including more in depth-analysis, click here to visit the EIA’s website.
Where Are These Reserves?
Most of the natural gas that is found in North America is concentrated in relatively distinct geographical areas, or basins, across most of the United States. Given this distribution of natural gas deposits, those states which are located on top of a major basin have the highest level of natural gas reserves. As can be seen from the map below, U.S. natural gas reserves historically have been concentrated around Texas and the Gulf of Mexico. With the recent onset of shale production the number of states across the U.S with significant resources has increased, with major shale gas producing states including New York, Pennsylvania, Arkansas and Oklahoma, as well as Texas and Louisiana. For more information about the importance and size of shale gas, please visit the shale section.
The map to the right gives a general impression of where most of the proved natural gas resources are in the United States. Visit the EIA for more in-depth analysis into natural gas reserves across the country and to access geographical natural gas data.
World Natural Gas Reserves
The EIA, in conjunction with the Oil and Gas Journal and World Oil publications, estimates world proved natural gas reserves to be around 6,609 Tcf. As can be seen from the graph, most of these reserves are located in the Middle East with 2,658 Tcf, or 40 percent of the world total, and Europe and the Former U.S.S.R. with 2,331, or 35 percent of total world reserves. The United States, by this calculation, possesses slightly over 4 percent of the world total natural gas reserves.
For more information on international natural gas reserves, visit the EIA’s international data section.
Now that the methods of reserve estimation and the most recent data concerning North America and the world’s supply of natural gas have been discussed, proceed to learn about the many uses of this vital gas.