Doug Brady, Conservatives4Palin
Yes, despite the conventional wisdom being peddled by the inept Obama Administration, you read the headline correctly. Via Peter C. Glover at the Energy Tribune:
In case anyone missed it, let me repeat something that is of a magnitude of 10 on the scale of news-quakes for Joe Public USA: America’s combined energy resources are, according to a new report from the Congressional Research Service (CSR), the largest on earth. They eclipse Saudi Arabia (3rd), China (4th) and Canada (6th) combined – and that’s without including America’s shale oil deposits and, in the future, the potentially astronomic impact of methane hydrates.
Glover provides this helpful chart to illustrate his point:
Glover first debunks the liberal myth that America has no oil:
While the US is often depicted as having only a tiny minority of the world’s oil reserves at around 28 billion barrels (based on the somewhat misleading figure of ‘proven reserves’) according to the CRS in reality it has around 163 billion barrels. As Inhofe’s EPW press release comments, “That’s enough oil to maintain America’s current rates of production and replace imports from the Persian Gulf for more than 50 years”.
Of course to utilize our vast oil reserves, we have to actually drill for it. But alas, our president is determined to lock up those resources for the foreseeable future, a point Governor made in a recent Facebook Note. If anything, Obama prefers that America increase its reliance on foreign oil. Glover continues his piece discussing America’s enormous coal reserves:
Next up, there’s coal. The CRS report reveals America’s reserves of coal are unsurpassed, accounting for over 28 percent of the world’s coal. Much of it is high quality too. The CRS estimates US recoverable coal reserves at around 262 billion tons (not including further massive, difficult to access, Alaskan reserves). Given the US consumes around 1.2 billion tons a year, that’s a couple of centuries of coal use, at least.
We have the largest coal reserves in the world, and those reserves will last at least 200 years (probably much longer), and Obama has publicly stated he wants to “bankrupt” anyone who wants to build coal plants. Think about that. Glover next discusses natural gas which, when combined with its cousin, methane hydrates, is likely America’s most abundant energy resource: