A Quote by John Barrasso
Instead of giving preference to oil imported from overseas, Washington should look to North American coal, oil shale and oil sands, all of which provide an affordable, abundant and alternative source of fuel. In addition to increasing cost effectiveness options for the government, it will also increase America's energy security.
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So long as oil is used as a source of energy, when
the energy cost of recovering a barrel of oil becomes
greater than the energy content of the oil, production
will cease no matter what the monetary price may
be.
Natural gas is the one fuel that we have that's affordable, it's scaleable, it can replace coal over time, it can replace imported oil, can create American jobs.
Government experts have estimated that ANWR reserves would only provide enough oil for six months of U.S. oil consumption. In addition, the oil industry itself has estimated that it would take 10 years to bring this oil to the market.
This curious faith is predicated on the notion that we will soon develop unlimited new sources of energy: domestic oil fields, shale oil, gasified coal, nuclear power, solar energy, and so on. This is fantastical because the basic cause of the energy crisis is not scarcity: it is moral ignorance and weakness of character. We don't know how to use energy or what to use it for. And we cannot restrain ourselves. Our time is characterized as much by the abuse and waste of human energy as it is by the abuse and waste of fossil fuel energy.
Britain has squandered its windfall of natural resources from North Sea oil and gas. Instead of prudently investing the 'unearned income' from nature, to build a safe, clean and green energy supply for the nation, we face unnecessary shortages. But there is still a chance to put the proceeds from liquidating our fossil fuel assets to better and more appropriate use. Instead of oil companies profiteering from climate change and oil depletion, a windfall tax could establish an Oil Legacy Fund to pay for Britain's urgent transition to a sustainable, decentralised energy system
I've been saying for a long time, and I think you'll agree, because I said it to you once, had we taken the oil - and we should have taken the oil - ISIS would not have been able to form either, because the oil was their primary source of income. And now they have the oil all over the place, including the oil - a lot of the oil in Libya, which was another one of her disasters.
There are billions of barrels of oil in the Outer Continental Shelf. There is even more in Alaska. There is enough oil shale in the Rocky Mountain West alone to power America for the next hundred years. The Democrats say all this American energy is off limits.
Tar sands oil is the dirtiest fuel on Earth. Because producing it consumes so much energy, a gallon of tar sands crude generates 17 percent more carbon pollution than conventional crude oil.
Bitumen is junk energy. A joule, or unit of energy, invested in extracting and processing bitumen returns only four to six joules in the form of crude oil. In contrast, conventional oil production in North America returns about 15 joules. Because almost all of the input energy in tar sands production comes from fossil fuels, the process generates significantly more carbon dioxide than conventional oil production.
Right now, there are a limited number of customers for Canadian oil. Due to simple geography - and without the pipeline - it's really only cost effective for Canadian oil producers to sell their oil to North American customers, mostly American Midwesterners.
Americans once believed that their prosperity and way of life depended on having assured access to Persian Gulf oil. Today, that is no longer the case. The United States is once more an oil exporter. Available and accessible reserves of oil and natural gas in North America are far greater than was once believed. Yet the assumption that the Persian Gulf still qualifies as crucial to American national security persists in Washington. Why?
America is addicted to oil and increasing amounts of this oil comes from abroad. Some of the nations we depend on for oil have unstable governments or are hostile towards the United States.
Scientists had said, "If you keep burning coal and gas and oil, you will melt the Arctic." And then the Arctic melted just as they had predicted. Did Shell Oil look at the melt and say, "Huh, maybe we should go into the solar-panel business instead?" No, Shell Oil looked at that and said, "Oh, well, now that it's melted it will be easier to drill for more oil up there." That's enough to make you doubt about the big brain being a good adaptation.
We will achieve North America energy independence by 2020, by taking full advantage of our oil, our gas, our coal, our renewables and our nuclear power. Abundant, inexpensive, domestic energy will not only create energy jobs, it will bring back manufacturing jobs.
I will lift the restrictions on the production of American energy, which is getting clobbered with the EPA, and by the way, and with the restrictions - including shale, oil, natural gas, and clean coal. We are putting our miners back to work.
There's no question that tar sands in Canada are probably the largest source of oil available to the U.S. over a long period of time. There's as much oil in the tar sands probably as there is in Saudi Arabia. The problem is, there's a huge capital requirement to develop that.
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