Alaska has not been developed; it’s been tested    and logged but barely exploited. Manmade Global Warming and Peak Oil are hoaxes used to lock up the keys to energy independence. Do you think any politician with any common sense would ever let a snail, polar bear or a fish kill our economy?

Oil prices are now going down, do you ever ask yourself why?

A few months ago we were running out of petroleum and the price was $147 a barrel. I am seeing financial reports in major world publications calling for $50 oil and you soon there's plenty of oil in other places than the US.

Thinking about what’s happening with our economy I cannot come to any other conclusion other than this was a set up. Think about it-$147 oil to kill the economy and $50 oil to kill off the dollar and the domestic energy business. The net result is more ominous than just $2 gasoline at the gas pump.

Our dollar is now near worthless. You will see the end game soon, regardless of who wins the presidential election.

I have capitulated, drill here –drill now and energy independence will never happen because our rulers don’t want it.

See who capitulates next.

It’s time to kill the PEAK OIL Myth. It’s dangerous to our future. Like Global Warming hoaxes it perpetuates the notion than men are smarter than God. Knowing what resources God has given us and where he’s put them is to quote the Obama” is above my pay grade” but I have faith that we can find all we need if we keep looking.

The largest gas field in the US, the Barnett Shale was drilled through for more than 50 years before some people figured out how to produce it. Ditto for the Haynesville and a number of Shale plays that are just now coming online.

We have the Bakken formation found in the 1950’s. We have most of Alaska, the outer continental shelf, the oceans, the Arctic, and a great deal of the western US that has not been explored properly.

For years the greenies have been talking about our unexplored oceans and that we know more about the moon than the deep sea floor. We really know very little about the subsurface of our good green earth. With new exploration tools, drilling technologies, and completion techniques I am confident we can find all we need if we can keep the government and the chicken little’s from getting in the way.

It’s not time to fear the future, buy in to wind hucksters and carbon credit sellers, it’s time to drill.

Building pipelines to the EU gives Russia power to dictate political terms to NATO and the west.

Russia has planted its flag over the Arctic which many believe contains as much as 18% of the world’s energy reserves.

Here Green, See Red has never been truer. The Georgia-Russian Pipeline War is just an obvious sign of battles to come.

TXCO Resources reports strong Pearsall well flows 
  
  Thursday, August 07, 2008

TXCO Resources Inc. has provided initial test results on its Myers 2-683H well targeting the Maverick Basin’s Pearsall shale gas resource play.

Following completion of a five-stage fracture stimulation, the well (100 percent working interest through completion) flowed an average of approximately 3.5 million cubic feet of gas per day and 2,500 barrels per day of frac fluid at 3,875 psi flowing tubing pressure. Flow rates continue to rise as the well returns frac fluid.

The well is TXCO’s third horizontal Pearsall well to be fracture stimulated this year and the first to be successfully treated with five stages. It is the first Pearsall well in which the horizontal lateral, 3,000 feet long, was fully cased, cemented and perforated for limited entry. Also, the Company conducted microseismic monitoring from a nearby offset well during the treatment, allowing it to observe and modify the stimulation in real time. The Myers well provides TXCO with valuable data that will be used to improve future frac designs on other Pearsall wells to be drilled and fracture-stimulated in the future.

TXCO’s combined Pearsall project area exposes the Company to the overpressured shale play on more than 848,000 gross acres (340,000 net acres) across the Maverick Basin in Southwest Texas.

Don't you get it ?

 Global warming and the environmental movement has been used to steal your freedoms away from you. They took property rights away from landowners. Now they have taken your ability to travel and work by shutting down the engine of our economy with promises of windmill farms and solar power mini-cars. Peak Oil and Global Warming are outright lies to scare you into giving up your heritage as free people engaged in the free enterprise system.

It's taken them years to kill off the energy supply with restrictions on offshore drilling, drilling in public lands like ANWR, the development of Oil Shale and Heavy Oil. Our politicians from both parties along with well funded public interest groups have created a crisis that may end our forefathers dream and the best hope of free men everywhere.

Global Warming is a hoax, the Energy Crisis is real and I'm sure it's manmade.

A leader in Congress sees a need for "obviously more production" from America's abundant energy reserves. Is Rahm Emanuel, head of the House Democratic Caucus, joining the "drill here, drill now" bandwagon?

The Illinois Democrat made those remarks when asked by CNBC's Erin Burnett what the Democratic energy agenda would be. Perhaps it was a Freudian slip, but it just happens to be the truth — something 57% of the American people agree with, according to a new Gallup poll.

While attacking GOP presidential nominee John McCain for "trying to drill our way out of the situation," Emanuel told CNBC: "I think you have to have both — obviously more production — but also to start to invest, which has not happened, in (energy) alternatives as well."

So do we. This is pretty much what congressional Republicans and President Bush have been saying all along.

We need to develop all of our domestic energy resources, none to the exclusion of any other source — nuclear, clean coal, oil, natural gas, wind, solar, heck, maybe even switch grass.

And while it is true that we can't get all of our energy needs from domestic sources, it doesn't mean we shouldn't get any of it here.

We've got a lot — in ANWR, in the Outer Continental Shelf, and in the oil shale out West.

How about subsidizing shale oil extraction with the billions we currently subsidize ethanol and other biofuels with?

The Department of the Interior estimates that there are 112 billion barrels of technically recoverable oil beneath U.S. federal lands and coastal waters. That's enough oil to power 60 million cars for 60 years. That's not counting the trillion barrels locked up in shale rock — three times the total oil reserves of Saudi Arabia.

Rep. Emanuel is not being truthful when he says we need to "start" funding alternative energy.

According to the Energy Information Administration, solar energy is subsidized to the tune of $24.34 per megawatt hour and wind energy by $23.37.

By contrast, natural gas gets a mere quarter, hydroelectric about 67 cents and nuclear power $1.59. Wind and solar, despite all their subsidies, contribute less than 1% of our total electricity generation.

Barack Obama wants to increase gas prices through a windfall profits tax that consumers will wind up paying and, as it did in the Carter era, decrease supply and increase our dependence on foreign oil.

In his latest gaffe, Obama told CNBC he didn't really object to $4 gas, just that it occurred too quickly. Obama said: "I think that I would have preferred a gradual adjustment."

Rather than a slower increase in gas prices, as Obama prefers, Rep. John Peterson, R-Pa., prefers a rapid increase in domestic oil supply.

He says he will push for an amendment to an upcoming spending bill that would open up U.S. waters between 50 and 200 miles offshore. Fifty miles is how far off the Florida coast China and Cuba are drilling for oil.

"Tapping America's huge reserve of deep-ocean energy helps us fight terrorism and increases our domestic energy supply, which will help put downward pressure on energy prices," says Greg Schnacke, president of the aptly named Americans for American Energy. "With Americans suffering at the gas pump and with higher energy bills, it's a no-brainer that the OCS (Outer Continental Shelf) should be developed."

Data show global demand for oil and natural gas will likely grow 45% by 2030 compared with 2006.

America's oil and natural gas energy needs will grow and need to compete with that demand. Obviously, as Emanuel put it, we'll need more production — domestic production. All Rep. Emanuel has to do is reach across the aisle and endorse Rep. Peterson's amendment.

We suggest that we drill here and drill now, and show the world that the America that split the atom and put men on the moon can fuel its own cars and power its own factories.

We suggest that the GOP and John McCain shout from the rooftops a new, and winning, campaign slogan: "It's domestic energy, stupid!"

 Analysts have found that investors spooked by the peak oil theory — the belief that crude production has topped out and is in decline — are partly behind the soaring oil prices. Someone should set them straight.

Blame part of $135-a-barrel oil on the increased demand in China and India, where the populations and economies are growing rapidly.

But the impact of those nations on crude prices in recent months is suspect. Global oil consumption grew 2% in the first quarter of this year over the first quarter of 2007, while production increased 2.5% over the same period. On a daily basis, roughly 85 million barrels of oil are consumed across the world, almost exactly matching the amount produced each day.

Production over the next two quarters is projected to continue rising (3.3% and 4.1%, according to estimates from Citigroup), while demand is expected to grow at a slower 1.6% pace over the next six months.

These data don't indicate higher prices, so something else is at work. Some analysts believe that investors who have swallowed the peak oil theory are pricing oil higher because they fear the world is running out of crude and permanent shortages are nigh. They shouldn't believe it.

The peak oil theory was popularized by Shell Oil geophysicist M. King Hubbert. He predicted in a 1956 paper that U.S. oil production would peak by the early 1970s and then decline sharply. The peak oilers — many of whom quietly want the world to run out of oil — say he was right. But they're missing some key points.

Yes, domestic output has peaked. But it peaked at a level 13% above what Hubbert predicted. And the peak wasn't followed by a falling-off-the-table decline. Output rose after a temporary slide.

U.S. production is trending down again, but it's not because there's no oil. It's due to shortsighted policies that prevent the industry from drilling for the almost 100 billion barrels of crude known to be under Alaska's Arctic National Wildlife Refuge and beneath the oceans just off of America's coasts. It's because politics and political correctness block the development of Big Sky state oil shale fields, where as much as 2 trillion barrels of crude, by some estimates, sit idle.

It's possible that rather than falling for the peak oil theory, investors simply are considering the reality that Congress has done nothing to increase crude output, and that continuing on that foolish path will indeed bring shortages.

The U.S., though, is not the only nation that pumps oil. World output is expected to rise from 85 million barrels a day today to 110 million barrels by 2015, according to the International Energy Agency.

Cambridge Energy Research Associates argues that the remaining global oil resource base is 3.74 trillion barrels. That's more than triple the peak oil estimate of 1.2 trillion barrels. CERA also has noted that output will not fall as quickly as peak oil alarmists think. Many studies put the decline rate at 8% a year, but after studying 811 separate oil fields, CERA believes the rate to be about half that — 4.5%.

By the way, this estimate doesn't even consider undiscovered and untapped oil fields. Nor are unconventional sources, such as shale oil, part of the equation.

As if he had peered into the spring of 2008 and seen the run-up in oil prices, Peter M. Jackson, CERA's director of oil industry activity, warned in 2006 that listening to the wrong voices would have consequences.

"The 'peak oil' argument is based on faulty analysis which could, if accepted, distort critical policy and investment decisions and cloud the debate over the energy future," he said.

The "theory causes confusion and can lead to inappropriate actions and turn attention away from the real issues," Jackson continued. "Oil is too critical to the global economy to allow fear to replace careful analysis about the very real challenges with delivering liquid fuels to meet the needs of growing economies."

So far, all five previous predictions that we were running out of oil have been wrong.

But one day the crude supply will effectively dry up. When it does, it won't happen overnight.