Tuesday, November 13, 2012

Optimism on US Oil Production

United States will become "US a net exporter of natural gas by 2020" and will become "almost self-sufficient in energy, in net terms, by 2035."  

Two different approaches by President George W Bush and President Barack Obama have led us to the point where Optimism on America's future become brighter as the country realize hope on becoming a net exporter of Oil and Oil products. President Bush made oil deals with Saudi families and fought 2 wars defending Saudi and other middle eastern countries oil at the American peoples expense. President Obama quietly went about while Protecting the environment encourage private sector investment in renewable energy and a ramp up drilling on land already designated for oil production, in 2011-2012 America produced 40% of the energy it need for the first time in years.

We have increased oil production to the highest levels in 16 years. Natural gas production is the highest it's been in decades. We have seen increases in coal production and coal employment. We doubled fuel efficiency standards on cars. In the middle of the next decade, any car you buy, you're going to end up going twice as far on a gallon of gas. That's why we doubled clean energy production. All these things have contributed to us lowering our oil imports to the lowest levels in 16 years.

Source: Second Obama-Romney 2012 Presidential debate , Oct 16, 2012

"Cozening up to Saudi Arabia Kings and princes is not an energy policy".

This is not an Energy Policy

Debt and deficits: Whenever a Bush is president, private debt and government deficits seem to grow. Middle- and low-income Americans borrow to offset the income squeeze of recessions. The hallmark of Bush economics during both presidencies has been favoritism toward capital over workers. Federal budget deficits have soared because of a combination of upper-bracket tax favors, middle-income job shrinkage, big federal spending to hype election-year economic growth, huge defense outlays and overseas military spending for the wars in Iraq and elsewhere. Imperial hubris costs a lot of money.

Politically, over four generations the Bush past has been prologue. Despite George W. Bush's new good ol' boy image cowboy boots and born-again ties to the religious right his basic tendencies go in the same directions — oil, crony capitalism, top 1% economics and military industrial-establishment loyalties — that the previous Bush and Walker generations have traveled. The old biases and loyalties seem ineradicable; so, too, for old grudges, like the two-generation fixation on Saddam Hussein.


Obama deem to make America energy independent

Since taking office, I have supported an all-of-the-above energy approach that will allow us to take control of our energy future, one where we safely and responsibly develop America's many energy resources--including natural gas, wind, solar, oil, clean coal, and bio-fuels -while investing in clean energy and increasing fuel efficiency standards to reduce our dependence on foreign oil. I know the country that harnesses the power of clean, renewable energy will lead the global economy in the 21st century. That's why I have made the largest investment in clean energy and energy efficiency in American history and proposed an ambitious Clean Energy Standard to generate 80 percent of our electricity from clean energy sources like wind, solar, clean coal, and natural gas by 2035. Source: The Top American Science Questions, by sciencedebate.org , Sept 4, 201

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