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Global Warming Produces New Oil Boon | The Minority Report

Well, Well, Well Hollywood couldn’t have written a more ironic twist to the potential outcome of global warming. While Man-made global warming alarmists are cowering in retreat from the recent rash of scientists and data(pdf) disputing and disproving their positions (like the fact that sea levels have been declining, not rising, for the last two years), an unintended yet very welcome circumstance has presented itself.

For many years Oil companies, geologists and surveyors have speculated that the Arctic contained vast amounts of energy resources… Now, thanks to natural cyclical warming and melting in the arctic it’s not only possible to begin exploring The United States Geological Survey said Wednesday that The Arctic may contain as much as a fifth of the world’s yet to-be-discovered oil and natural gas reserves. For a podcast interview about the USGS Circum-Arctic Resource Appraisal Click Here

The area north of the Arctic Circle has an estimated 90 billion barrels of undiscovered, technically recoverable oil, 1,670 trillion cubic feet of technically recoverable natural gas, and 44 billion barrels of technically recoverable natural gas liquids in 25 geologically defined areas thought to have potential for petroleum.

The U.S. Geological Survey assessment released today is the first publicly available petroleum resource estimate of the entire area north of the Arctic Circle.

These resources account for about 22 percent of the undiscovered, technically recoverable resources in the world. The Arctic accounts for about 13 percent of the undiscovered oil, 30 percent of the undiscovered natural gas, and 20 percent of the undiscovered natural gas liquids in the world. About 84 percent of the estimated resources are expected to occur offshore.

“Before we can make decisions about our future use of oil and gas and related decisions about protecting endangered species, native communities and the health of our planet, we need to know what’s out there,” said USGS Director Mark Myers. “With this assessment, we’re providing the same information to everyone in the world so that the global community can make those difficult decisions.”

Of the estimated totals, more than half of the undiscovered oil resources are estimated to occur in just three geologic provinces - Arctic Alaska, the Amerasia Basin, and the East Greenland Rift Basins. On an oil-equivalency basis, undiscovered natural gas is estimated to be three times more abundant than oil in the Arctic. More than 70 percent of the undiscovered natural gas is estimated to occur in three provinces - the West Siberian Basin, the East Barents Basins, and Arctic Alaska.

So once again these alarmists are proven wrong and to boot, it turns out that the natural, cyclical, Arctic melting has resulted in more oil and natural gas. That sure didn’t turn out the way AlGore expected it to, now did it?

Let me be perfectly clear - I’m all for conservation and preserving our planet as long as we’re not making ridiculous laws and taxes out of unproven theories backed by unmeasurable science. Self responsibility and green awareness should continue to be taught and encouraged. Also the U.S. needs to move from a petroleum based economy to a cleaner one, preferably a hydrogen based economy, but the process has to happen naturally… we should not, and will not, be scared or bullied into adopting technologies and polices that are underdeveloped and economically unfeasible!

 

The Resurrection of Austan Goolsbee

Back from the abyss to become the third in what appears to be a long line of questionable Obama appointees is one Austan Goolsbee. That's right the same Austan Goolsbee from Canada/NAFTA-gate as TPM’s Greg Sargent pointed out in a piece penned yesterday entitled "Austan Goolsbee Lives!"

Austan resurfaced in a confenece call yesterday as Obama's chief surrogate on economics or as Greg Sargent put it:

"And so, today on a conference call today with reporters, Goolsbee was front and center as a chief surrogate for Obama, who's  battling it out with John McCain today over their competing economic plans."

This move has prompted a lot of us on the right to wonder aloud what Karl at Protein Wisdom asked Yesterday:

"I wonder who else Obama has disappeared only temporarily…"

I wonder who indeed... Karl went on to say:

Ironically, Austan is back just in time to be asked about his spirited defense of the subprime lending practices that Obama has been railing against out on the campaign trail.  The media will ask him about it, won’t they?

This is a disturbing trend coming from the Obama camp and Obama himself... not only are his past relationships enough to give one pause, do to so many of them being radicals who are clearly anti-American, but currently his inability to recognize his appointees for the baggage they carry shows a complete lack of good judgment, experience,  and a political naivety unfit to hold the highest office in the land.

Cross posted from The Minority Report

John Conyers: Looking For Congressional Hearings Over McClellan's Book

 

Just when you thought our do-nothing Democrat majority controlled congress couldn't possibly waste any more of Americas time and money on pointless exercises. In comes House Judiciary Committee Chairman John Conyers (D-Mich.) stage left with the preposterous Idea of calling for congressional hearings on the already settled Valerie Plame leak case.

 

CBS News

 

"I find Mr. McClellan's revelations about attempts to cover up the Valerie Plame leak extremely troubling. Particularly disturbing is McClellan's assertion that he was specifically directed by Andy Card to 'vouch' for Scooter Libby after the investigation had begun, which, if true, could amount to obstruction of justice beyond that for which Mr. Libby has already been convicted,” said Conyers

 

 

"I believe this issue may require closer examination, so I have instructed my counsels to begin discussions with Mr. McClellan to determine whether a hearing is necessary and to secure his possible cooperation."

 

So let me get this straight, this Congress, armed with its 18.7% approval rating (RCP Average), may hold hearings to try and find new evidence on a case that the federal prosecutors investigative teams, the FBI, and a Grand Jury somehow missed??? Not to mention all of the "on the record" and "public" testimony from a completed trial that ended in a conviction (albeit on a bogus ancillary charge).

It's no secret that John Conyers, who's owned by lawyers and law firms and beholden to Soros and MoveOn, has been looking for any excuse to hold hearings that he hopes would lead to impeaching the President and Vice President but this is a ridiculous wast of time and money. 

This my friends is why it is so important for Republicans/Conservatives to regain control of congress and why whether you're voting for McCain or not to vote the down ticket!      

For more on Conyers see Liberalscum

 

Cross posted from The Minority Report

 

 

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