Tuesday, June 25, 2013

It seems Obama doesn't want us to become energy independent by utilizing our natural resources

We have to think globally...spread the wealth around a little. What would our friends in the Mid-East, Russia, China, and South America do?
Controversy is heating up over an administration plan to drastically reduce the amount of federal lands available for oil shale development in the American West. 
The Bush administration had set aside 1.3 million acres for oil shale and tar sands development in Colorado, Utah and Wyoming. The new Bureau of Land Management plan cuts that amount by two-thirds, down to 700,000 acres, a decision that has prompted industry outrage.
I'll bet Yoko Ono is happy
"What they basically did was make it so that nobody is going to want to spend money going after oil shale on federal government lands," said Dan Kish, Senior Vice President of Institute for Energy Research. 
[...]
Kish said the decision will effectively put an end to the development in America of a resource with massive potential because the energy industry will simply go elsewhere.
"The Chinese are inviting companies in, companies that may have done business in the United States if we'd had a better approach. And we don't even know the total extent (of the potential for oil from shale in America) but it's basically around a trillion barrels...which would be as much as the world has used since the first oil well was drilled 150 years ago."
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