I know I might harp a lot on the government issue, but I never mentioned government in my above statement, just that we had open competition and true competition at that.

I want all the cost to be on the producers and that every last cent they earn from their gambles to be theirs to decide on what to do with. I want them to not be bailed out for bad decisions.

And as far I am concerned the only illegal activities are those that violate individual rights. Biggest offender, despite whatever you may say about the benefits, is and always has been government.

Edit Delete

If you think this “highly” of our Goracle and his Greeniks because of 3-4 billion barrels, try adding to that the 90 billion barrels of undiscovered technically recoverable oil, 1,670 trillion cubic feet of natural gas and 44 billion barrels of natural gas liquids, all technically recoverable, all north of the Arctic Circle, as reported by the USGS in July 2008.

http://www.usgs.gov/newsroom/article.asp?ID=1980&from=rss_home

Even at just 10%, it’s still 9 billion barrels. And unlike the “Bakken” find, this is offshore drilling between US, Canada, Russia, Greenland, Iceland, Sweden, Finland, and Norway, but it still beats the pants off the ME, and presidente-for-life-wannabe Chavez! International borders in the Arctic are being hotly debated, and Greenland voted for nationhood in 2008. Duh. But the race is definitely on.

Unfortunately, the only nation with the balls and political freedom to ignore the Greeniks … is Russia. In fact, they were first to plant a submariner flag at an unprecedented 2.5 miles under the North Pole to “symbolically” assert its borders ahead of diplomatic relations, all while we were all busy crying over baby seals with Paul McCartney and his has-been squeeze, peg-leg Heather Mills

Russia Plants Underwater Flag, Claims Arctic Seafloor
http://news.nationalgeographic.com/news/2007/08/070802-russia-pole.html

The 90 billion barrels story did make headlines but the MSM quashed it within days by never following up or editorializing it.

And no, we can’t touch it. We can’t even aggressively explore development because the Greeniks insist we’ll be killing Bambi, Nemo, Ariel, Flipper, Willy, Smoky the Bear, and the Coca-Cola polar bears, to get it.

What they fail to conceive though is that the species closing in on extinction at an exponential rate is the voraciously territorial, amphibious, mammalian, bipedal parasite commonly known as Goraculis Greenicus, who will soon be sucking on Russian cigars whether they like it or not, if the Russians develop the Arctic first. PETA better start protesting a few Russian nuclear subs if they really want to save Knut’s family.

The beauty of the Arctic find? Sarah-cuda! Or do the Libs seriously think any of this will be negotiated without Alaska at the table. Let’s hope the ‘Cuda includes a “in-depth” tour of that turkey farm when that toad Waxman comes a-calling.

Both finds will require a minimum 5-10 years development to be fully producing. The sooner we start the more common these headlines become:

HUMILIATION: Chavez reopens oil bids to West as prices plunge
http://www.iht.com/articles/2009/01/15/america/15venez.php

Just imagine. The Saudis, I’m a Dinner Jacket, the Iraqis all BEGGING us to take their oil for fear of facing economic and social collapse.

Peak oil is the biggest hoodwink perpetrated on the Western world by the Liberal world.

Drill, baby. Drill!

Kudos for airing this, Bob. Keep it on the front burner, especially when the price of oil starts to rise again, or if Chavez starts blustering on about “banding” oil prices again.
http://www.thestreet.com/story/10450035/1/venezuelas-chavez-eyes-oil-price-band.html?puc=_tscrss