Obama and oil

Obama says he wants to reduce our dependence on foreign oil by 1/3rd in ten years. He wants to do this by developing renewable sources of energy.


We don't have to wait ten years to get the economy moving. All we have to do is to start to earnestly develop our own vast resources of oil and natural gas. The United States is the second richest nation in the world in oil stores, surpassed only by Russia according to geologists' reports. Check out the information on the Internet this link leads to:  http://oilshalegas.com/bakkenshale.html

It's about the oil deposits in the Williston Basin in Montana, North and South Dakota and Saskatchewan. Geologists findings indicate that there is more oil there than there is in Saudi Arabia. The revenue generated by being energy independent through the use of our own oil would go a long way to provide the funds we need for research and development of renewable sources of energy. We've got the horse behind the cart if we're going to put our efforts into developing renewable sources of energy while we struggle with a stagnant economy because we don't want to tap our oil resources. It's like a family living on welfare while they have a treasure buried in their back yard.

We currently send a trillion dollars every year a half out of this country to foreign nations - some of whom are not very friendly - for our oil needs that we could be producing right here that would put our own people to work.

The very knowledge that we're going all out to tap our own oil deposits would cause the oil producing nations we've been choosing to put our dependence on to immediately start cutting back their prices - if for no other reason but to hopefully disincentivize us from drilling.

We could be competitors on the world market and be reducing our debt to foreign nations by giving them oil to credit toward that debt.

We owe China close to a trillion dollars and Japan 8.6 billion. And, unbelievably, we owe a sizable portion of our national debt to Libya and Iran. What does that do in matters of conducting our foreign affairs?