Wednesday, June 11, 2008
The International Energy Agency estimates that worldwide [petroleum] production from older existing fields is now falling each year by about 4.5 million barrels a day. To stay even, let alone to meet rising demand from the new automobile drivers of Russia, [India] China and other countries, the world has to increase annual production by 4.5 million barrels a day.
While all this is happening Democrats in government and environmentalists are standing in the way of the United States' ability to increase the supply of oil. Left-leaning politicians and, unfortunately too many Republicans, are more concerned with erroneous beliefs in man-made global warming to focus on the real needs of our country. As we switch light bulbs, create a huge additional bureaucracy for cap-and-trade "carbon credits, and make inferior additions to dilute the gasoline fuel, our economy will undergo an enormous destructive effect and our way of life will be irreversibly altered for the worse.
The United States is blessed with an almost limitless capability to produce oil but we are prevented from recovering and producing it. Proven technology can be harnessed to extract oil from abundant coal reserves and large amounts of oil in place remain untapped. Americans have proven to be able to rise to national emergencies and overcome all obstacles by unleashing a market economy on any problem but American success is artificially thwarted by socialists masquerading as environmentalists.
The only thing that can be done is for Americans to waken to the threats we face and take all possible action to change the direction our leaders are taking us; God help us all if we don’t.