Nancy Pelosi! Stop Blocking Energy Production!
75% of the earth's surface is covered by oceans so it is no surprise that as onshore oil and gas reserves are depleted that exploration and production has extended into offshore basins that fringe the world's continents. Today ~ 60% of the world's petroleum production comes from offshore operations in waters of more than half the coastal nations on earth, including Canada.If humans are to transition from a fossil fuel economy to an electric and renewable economy, they will absolutely have to maintain the flow of energy in all available forms--that means offshore oil, arctic oil, shale oil, coal to liquids, etc. If we allow energy supplies to drop enough to destroy our economies, the ability to develop alternatives will slip through our fingers. Why does Obama pretend not to realise this?
To meet energy demand operations are moving into ever deeper waters and today oil and gas is produced off the Louisiana coast in the Gulf of Mexico in over 8,000 feet of water.
A description of 126 ongoing offshore projects around the world can be found at www.offshore-technology.com.
Contemporary 4-D surveying adds the dimension of time. Satellites help find and quantify sub sea deposits, track their flows, and predict their next steps. Some 70 percent of 4-D wells hit oil.Obama, Pelosi, Boxer, Reid, and the rest of the Luddites apparently want to destroy the current economy--in hopes that a grand and glorious utopian energy economy will rise from the ashes, by magic. Al Fin has devoted a lot of effort to promote biomass, biofuels, solar energy of all forms, nuclear energy, and a number of other alternatives to fossil fuels--as well as some innovative ways to exploit unconventional fossil fuels. We have to have all of these forms of energy in order to make the transition!
Obama's Don't Ask, Don't Drill policy spurns these marvels and embraces outdated information gathered with obsolete instruments. This is the audacity of ignorance.
Adults should not make decisions in willful oblivion. Democrats like Obama prefer not to know what riches rest off America's coasts. They resemble kindergartners who cover their ears and hum loudly to muffle their parents' unwelcome words.
Meanwhile, Americans struggle to fuel planes, trains, and automobiles. Despite this national nightmare, congressional Democrats fled on a five-week summer vacation, rather than vote on Republican amendments to extend offshore drilling. Democrats chose suntan oil over oil production.
Instead of voting on Republican energy proposals, House Speaker Nancy Pelosi, D- Calif., dispatched her colleagues to build sandcastles. Nevertheless, GOP representatives unofficially are pleading their case to tourists inside the House chamber. _Source
By 2006, after major advances in seismic technology and deepwater drilling techniques, the MMS resource estimate for that area had ballooned to 45 billion barrels. In short, there could be much more oil under the sea than previously known. The demand for energy is going up, not down. And for a long time, even as alternative sources of energy are developed, more oil will be needed. _WaPoCongressional Democrats are living in a fantasy world, believing that they can mould reality to fit their distorted beliefs and impressions. The entire country suffers as a result of their mismanagement. If congressional Democrats can get one of their own into the White House, the Obamanation of magical utopianism will unfold. Let me know how you like it.
Taken from a post at Al Fin