Tuesday, June 02, 2009
Natural Gas - it's out there
It's really hard to understand this.
I wonder if the commodity was food, would politicians think differently?...
I wonder if the commodity was food, would politicians think differently?...
This is part of a recent Investors Business Daily opinion column:
"'It's a very nonsensical position we're in right now,' Palin told us. '(We) ask the Saudis to ramp up production of crude oil so that hungry markets in America can be fed, (and) your sister state in Alaska has those resources.'
At the time, it was thought that Chukchi's waters northwest of Alaska's landmass held 30 billion cubic feet of natural gas.
Today, Science magazine reports that the U.S. Geological Survey now finds it holds more than anyone thought — 1.6 trillion cubic feet of undiscovered gas, or 30% of the world's supply and 83 billion barrels of undiscovered oil, 4% of the global conventional resources.
That's enough U.S. energy to achieve self-sufficiency and never worry about it as a national security question again.
The only thing left to do is drill. 'Congress can do that for us right now,' Palin told IBD, urging Washington to open the territory."
