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Peter Sterling
19 Comments
Will Electric Power Cause the Next Price Shock?
there's tons of natural gas here in the US to be used for power.
See; www.strategicnine.com/...
On Oil and Its Manipulation
By imposing bans on leasing, and encouraging environmentalists to challenge seismic and drilling permits on existing leases, politicians ensure that we will never increase our proven reserves. In fact, reserves will decrease, as we deplete existing deposits and don’t replace them. The rhetoric is clever – but disingenuous, fraudulent and harmful.
Continued US drilling restrictions will further exacerbate the global demand-supply imbalance, and send “futures” prices even higher.
Short-sighted and ill-informed Environmental groups have hijacked and destroyed the American economy over the last 30 years by closing off America’s energy supplies.
America is the only country in the world to close off its offshore oil and gas-fields to development.
Its simple to get new American energy supplies quickly, Appeal to Corporate Greed: If oil companies are given enough financial incentives, they will move much faster than anyone believes and could find and start producing new oil and gas within 2-3 years, then ramp quickly up to produce enough energy to completely replace oil imports within 10-12 years.
See; www.strategicnine.com/...
Two Paths to One Outcome: Slower Growth
Zogby International
11:42 a.m., Thursday, June 26, 2008
Three in four likely voters – 74 percent – support offshore drilling for oil in U.S. coastal waters and more than half (59 percent) also favor drilling for oil in the Alaska National Wildlife Refuge, a new Zogby International telephone poll shows.
SEE:
www.strategicnine.com/...
Record High Gas Prices? We're Not Even Close
Zogby International
11:42 a.m., Thursday, June 26, 2008
Three in four likely voters – 74 percent – support offshore drilling for oil in U.S. coastal waters and more than half (59 percent) also favor drilling for oil in the Alaska National Wildlife Refuge, a new Zogby International telephone poll shows.
SEE:
www.strategicnine.com/...
Record High Gas Prices? We're Not Even Close
Zogby International
11:42 a.m., Thursday, June 26, 2008
Three in four likely voters – 74 percent – support offshore drilling for oil in U.S. coastal waters and more than half (59 percent) also favor drilling for oil in the Alaska National Wildlife Refuge, a new Zogby International telephone poll shows.
SEE:
www.strategicnine.com/...
Congress’ Love Affair with Convenient Solutions
The concept would require Congressmen to be at least capable of conscious thought!
See; www.strategicnine.com/...
Barron's Banks on $100 Oil
Here is how America can fix itself up:
www.strategicnine.com/...
The "America First" Energy Plan for safe, secure domestic supplies of Transportation energy.
AMERICAN ENERGY FOR AMERICAN'S: BASIC ELEMENTS FOR AN ACTION PLAN
Proposed Presidential Executive Orders:
Declare an energy emergency and set aside the OCS and ANWR moratoriums and some permitting requirements so as to fast-track various critical new energy developments.
Declaration granting a tax holiday for declared special "American Energy Economic Zones" (AEEZ), see below.
Declaration temporarily eliminating up front oil and gas lease payments, royalties and other imposts, as well as regulatory delays.
Declaration making available $200 billion p.a. in low-cost construction financing guarantees and other incentives for new energy projects in AEEZ areas.
Proposed Government Actions;
1) Cancel the Moratorium on drilling on the US Continental Shelf today.
2) Cancel the Moratorium on drilling on the Artic National Wildlife Refuge (ANWR) 1002 area today.
3) Support the three international waters resources rights Claims made by American Companies to contiguous oil and gas reserves that could be developed without any regulatory lags. (See; strategicnine.com and unoilgas.com ).
4) Put aside most of the timeline and permitting requirements for urgent, identified critical energy projects as listed here in declared "American Energy Economic Zones" (AEEZ) “in the national interest” by creating a fast-track office to evaluate and approve requested leases within 90 days.
5) Allow unsolicited OCS Lease Applications anywhere immediately, grant them on a first-in first granted basis.
6) Enlarge new OCS post-moratorium lease block sizes from the paltry 5 mile by 5 mile area to a more realistic size of perhaps 100 miles by 100 miles in frontier regions.
7) Provide a ten year tax and impost holiday on strategic new oil and gas development projects in AEEZ areas. Offer matching funds for seismic and EM surveys to be repaid from eventual production to get oil flowing sooner.
8) Provide low-cost loan guarantees for development of urgently required new oil and gas project infrastructure in AEEZ areas.
9) Provide low-cost Government guarantees or loans for offshore oil and gas ships and vessels built to work in the US AEEZ areas for the next 5 years.
10) Temporarily exempt approved oil and gas projects within the AEEZ areas from the US Cabotage laws so that projects can more quickly secure production equipment from overseas shipyards.
11) Set Aside Regulatory Delays for projects within the AEEZ areas. Make regulatory bodies set up departments to “fast-track” approval of energy projects to clear hurdles within 3-6 months.
12) Eliminate Frivolous and Mendacious Lawsuit Delays for projects in AEEZ areas: Create a special court to hear energy related cases with a mandate to adjudicate cases within 7 days. Example: the lawsuits currently stopping Shell from drilling off Alaska, partly on the basis that their ships might bump into whales; if applied to the rest of the world’s oceans would cease all shipping and world trade!
13) Provide 250,000 new grants for students to pay for college for future petroleum engineers and geologists, and for technical petroleum production job training programs.
14) Eliminate any royalties, taxes and permitting costs on critical new energy projects in AEEZ areas for ten years, to enable energy companies to spend every dollar of risk capital they have on US drilling, building production equipment, and related expenses, as only holes in the ground will solve the energy problem.
15) For transport; Provide tax and other incentives to build distribution infrastructure and car-truck conversion stations to switch 25% of the US vehicular fleet to compressed natural gas within 10 years. This will lower demand for oil and lower CO2 emissions, and would require approximately 5 Trillion cubic feet (Tcf) per annum of gas.
Nigeria: The Elephant in the Corner
Make America energy self sufficient:
strategicnine.com/
Another Record Oil Surge Leans on Stocks and Dollar
Make America energy self sufficient:
www.strategicnine.com/...
Another Record Oil Surge Leans on Stocks and Dollar
Solution to the Global Petroleum Crisis
An Alternative to America’s Gasoline Crisis
www.strategicnine.com/...
Comments and suggestions for improvement great fully accepted
An Alternative to America’s Gasoline Crisis
I was not aware of the tax credit. I grew up in Australia. There it used to cost only $500 to convert any car to CNG. So I still have have a problem paying so much more for one. So I still think the $22k for the CNG Civic is a bit steep. It should be maybe $1,000 more than the gasoline version. But for most people the math still works fine, especially with the $5 gas price.
Yes we can drill our way out of this very simply and easily. There's actually probably $500 billion barrels of oil and gas on the US continental shelf. About 60% in the form of clean gas. see strategicnine.com
As for the shale. I flew over a demo shale oil plant near Grand Junction Colorado in the late 1980s. It was costing them $36 to make a barrel of oil then, using a really stupid retort design. There are lots better ones available now, that use part of the shale to fire the process.
I think the US could produce a modest amount of Shale oil without harming the environment. 1-2 million barrels per day. Everyones thinking about 10 million barrels a day and that would use too much water. the smaller amount would replace 10-20% of imports and power the midwest.
I like natural gas the best. Its a good clean fuel for everything. Texas A%M has developed a process to turn natural gas into gasoline. I think the economics don't quite pass muster yet though.
Some Individual Super-Giant Priority Energy Projects to Fast Track
1) Blake Ridge Gas: Instruct the MMS to immediately grant leases on priority development areas including the Blake Ridge super-giant gas lease. See; strategicnine.com
2) Bering Sea Abyssal Gas: Support the Strategic Nine Bering Sea Abyssal Claim so as to enable the consortium to fast track it’s gas development. See; www.strategicnine.com/...
3) Arctic Ocean Commons Claim: Support the United Oil & Gas Consortium’s Claim on the Arctic Oceans Commons area immediately adjacent to Alaska and Canada’s 200nm EEZ and beyond the bogus Russian Claim area, see unoilgas.com .
4) Colorado Oil Shale: Put aside the 1 year hold up on oil shale leasing activities and fast-track any required permits to enable production to commence quickly.
5) Alaska Chukchi Sea Leases; Put aside the often frivolous environmental lawsuits and permits requirements, which is holding up drilling on this and other properties.
An Alternative to America’s Gasoline Crisis
An Alternative to America’s Gasoline Crisis
The benefits of developing our own oil and gas include an estimated $600-$700 billion per year in oil payments, currently going overseas, which would all stay inside America creating millions of new jobs and prosperity, here, not there.
Do we have enough domestic energy? The answer is yes we do!
In 2003, MMS estimated that there was 406.1 Tcf of remaining undiscovered technically recoverable natural gas and 76 billion barrels of oil in U.S. offshore regions. A precise inventory with modern equipment has not been conducted in over two decades due to the uncertainty created by federal moratoria.
These MMS estimates for available recoverable reserves are too low.
1) There’s more reserves than the entire continental shelf estimates in the Blake Ridge gas deposit alone, than the MMS estimates for the entire US OCS moratorium area.
2) The Bering Sea Abyssal probably contains 20 billion barrels OEL in natural gas alone.
3) The Gulf of Mexico Deeps probably contains at least 150 billion barrels.
4) The Chukchi Sea probably contains 50 - 100 billion barrels OEL.
5) The Beufort Sea probably contains 50 billion barrels.
6) The part of the Arctic Ocean Commons area adjacent to Alaska and Canada’s EEZ probably contains 400 billion barrels.
7) The mean estimate of technically recoverable oil in ANWR is 10.4 billion barrels – all of which is now economically recoverable. That’s more than twice the proven oil reserves in all of Texas . That’s almost half of the total U.S. proven reserve of 21 billion barrels. That represents a possible 50 percent increase in total U.S. proven reserves.
8) The Strategic Unconventional Fuels Task Force has estimated that 800 billion barrels of oil equivalent could be recoverable from oil shale resources in the Green River Basin depending on technology and economics - enough to replace the amount of oil we currently import for more than 160 years. And 576 of the 800 billion barrels of oil are on Federal resources.
These amounts of oil and gas could easily last America hundreds of years!
I propose the following measures to bring about the transformation of American energy industry and indeed the entire US economy within ten years.
This would include;
1) Cancel the Moratorium on drilling on the US Continental Shelf.
2) Cancel the Moratorium on drilling on the ANWAR 10-02 area.
3) Support the three international waters resources rights Claims made by American Companies to adjacent oil and gas reserves that could be developed without any regulatory lags.
4) Put aside most of the permitting requirements for urgent projects as listed here, “in the national interest” by creating a fast-track office to evaluate and approve any leases within 90 days.
5) Enlarge new OCS post-moratorium lease block sizes from the paltry 5 mile by 5 mile area to a more realistic size or perhaps 100 miles by 100 miles in frontier regions.
6) Provide strong financial incentives to get oil flowing sooner, i.e., Offer a ten year tax and impost holiday on strategic new oil and gas development projects. Offer matching funds for seismic and EM surveys, to be repaid from eventual production.
7) Provide low-cost loan guarantees for development of urgently required new oil and gas project infrastructure.
8) Provide low-cost Government guarantees or loans for offshore oil-gas ships and vessels built to work in the US for the next 5 years.
9) Temporarily exempt Oil-gas projects from the US Cabotage laws so that projects can more quickly secure production equipment from overseas shipyards.
10) Set Aside Regulatory Delays. Make regulatory bodies set up departments to “fast-track” approval of energy projects to clear hurdles within 3-6 months.
11) Eliminate Frivolous Lawsuit Delays; Create a special court to hear energy related cases with a mandate to adjudicate on cases within 7 days.
12) Provide 200,000 grants for students to pay for college for petroleum engineers and geologists and for technical petroleum production job training programs.
All of the above measures will create a massive stampede of exploration and oil-gas production infrastructure to blossom on the US continental shelf areas, creating near immediate increases in oil and gas production, hence rapidly lowering consumer energy prices.
Much of the new offshore energy production would be in the form of Low C02 natural gas, which when used to make electricity reduces C02 emissions significantly.
any questions?