Borrowed and saved for protection from censors concerning facts about oil.

From Lance Geist

I hold in my hand a 140-milliliter sample of Louisiana light (sweet) crude oil. I collected it myself from a process separator aboard the production facility I work on in the Gulf of Mexico. It may not seem like much to you, but it really is a very remarkable substance! It’s more than 50 million years old, and came from an oil reservoir that’s almost 20,000 feet underground. Very soon, it will travel hundreds, or maybe even thousands of miles on it’s journey to becoming one of the many products that crude oil is refined into. It has a dark earthy brown color, is slightly less viscous than tap water, tastes worse than it smells, and is the life blood of the world economy. Believe it or don’t, but this sample represents the single most valuable commodity in existence. Without it, nearly every facet of modern civilization stops. Immediately.

This sample contains about .0028% of my facility’s daily crude oil output, but is less than four hundred-millionths of 1% of the United States’ daily crude oil consumption. It’s also an infinitely small amount when compared to the 4+ trillion barrels of known domestic crude oil reserves. That means there’s a frikken’ buttload of crude oil, right here in the good ol’ US of A! It’s enough to sustain us for more than 400 years, which is way longer than we’ll need sustaining for because we’ll probably be extinct by then. Ok, maybe not. But maybe so. Who knows? One thing is certain though; there’s no shortage of domestic crude oil, and more is being discovered everyday. So, we’ll likely still be discovering new oil reserves long after we’re extinct. Maybe not. Who knows.

Anyway, so what’s the point of this? Why have I told you this? It’s to expose you to the truth about crude oil and the oil industry, because you’ve been lied to. Not by me though. You’ve been lied to by the phony President and his phony cronies, but I want to set the record straight. I’m going to tell you the truth, so pay attention.

  1. There is enough recoverable crude oil within the continental US to supply current and projected future demand for 400+ years, and that’s just the oil we know about. It doesn’t account for future discoveries. That’s a fact, jack.
  2. We do not need to import a SINGLE DROP of foreign crude oil. The domestic oil industry can easily meet, and even surpass domestic demand. We’ve done it before, and we can do it again. That’s a fact, jack.
  3. The domestic oil industry currently cannot satisfy domestic demand due to oil drilling restrictions imposed by the federal government. That’s a fact, jack.
  4. The price of EVERYTHING revolves around oil, and the law of supply vs demand dictates the price of oil. When oil is plentiful, commodities are cheap. When oil is scarce, commodities are more expensive. Right now, domestic oil is scarce, and the price of everything is high because of these restrictions imposed by the federal government. That’s a fact, jack.
  5. We import foreign oil from countries that drill and produce it much cheaper than we’re able to because they do not implement all of the environmental safeguards that we do. Their methods are FAR more destructive to the environment than ours are. That’s a fact, jack.
  6. Every year, the federal government leases tracts of land to oil companies so they can explore on it for oil. If enough oil is found during exploration, the company can then apply for a drilling permit which allows them to drill a well. If no oil is found during exploration, or if the amount found is not enough to be profitable the lease expires without ever being drilled on. Leases that are active, but not being drilled on does NOT mean that oil companies are being lazy, or are trying to keep the oil for themselves, etc. etc. It means they’ve either explored the lease for oil and found nothing, or found oil but it’s not enough to justify drilling for. That’s a fact, jack.
  7. It’s not Russia’s fault, or China’s fault, or Ukraine, or India, or Venezuela, or Iran, or Bangledesh, or any other countries’ fault as to why everything is so expensive right now. It’s Joe Biden’s fault, because he is suppressing the domestic oil industry for political gain. That’s a fact, jack.

You see…I don’t take it kindly when he and his cohorts go on national TV and bold-face lie to the American public about the oil industry. I don’t appreciate when my hard work and dedication is eroded by corrupt, self-serving politicians who don’t know jack shit about this trade. It doesn’t sit right with me, when they promote an unsustainable alternative energy policy that benefits themselves and their corrupt business partners while leaving people like me and you with barely a pot to piss in. It all kind-of rubs me the wrong way, you know? Especially since pretty much EVERYTHING depends on crude oil…but you might not know that if you believe the lies that are being told about oil and the oil industry.

If you’ve made it this far, congratulations! You’re now more knowledgeable about the oil industry than most of our politicians are. So what should you do with all of this new knowledge? It just so happens that I’ve got a great suggestion for you! The next time they’re on TV lying to you about the oil industry to try and cover their asses, remember what you’ve learned here…and remember it again when it comes time to vote.

14 thoughts on “Borrowed and saved for protection from censors concerning facts about oil.

  1. I’m not so sure, and here’s why. Take 4 supermajors – Total, Chevron, Shell and Exxon. They found oil in the decade 2000-2010, and each barrel coast $14 to find and develop. In the next decade, each barrel cost $26. That’s over an 80% increase in one decade. If you do a graph, starting in 1970, and draw a straight line approximating the price, the average cost of oil goes up, inflation adjusted, slowly – but it goes up.

    If the cost of finding oil keeps going up, eventually it will become unaffordable. I understand your argument. I just think that the oil price doesn’t just reflect environmental laws, which BTW I’m glad to have. The Chinese dump 225 BILLION tons of raw waste into their rivers, and as a result they have cancer villages and are running out of usable water. No thanks.

    Shale costs $50/barrel to develop. The industry lost 200 billion dollars. We have the oil. We don’t know how much it will cost or if we can afford it.

    1. We have no choice but to afford it. The author is correct in that if we stop producing oil, every single thing you do or interact with on a daily bases will disappear. From the toothpaste you brush your teeth with, the roads you drive on, and the fresh fruit you eat.

  2. I’m trying to do the math on your sample and your facility’s daily output of crude. It seems to me that the sample must be an even smaller percentage.
    But apart from that thanks for the seven points. It makes me mad that those politicians are causing such huge waste of our money.

  3. The US, and the world, needs to aggressively move AWAY from “everything being dependent on oil”. Then we not only do not have to depend on what any other foreign country wants to charge for it, but we also can stop polluting the earth to the point where it becomes inhabitable to humans not to mention half the other life on the planet, including various species that we depend on for food and other things.

    1. That is like saying that we need to shift from breathing oxygen in the atmosphere. I worked to develop energy alternatives for Afghanistan in 2007-2008 as a civil affairs officer in Farah. I worked closely with our Department of Agriculture agent. What I found was that you can develop alternatives as much as you like, but the only true energy resource that will allow for civilization is fossil fuels. We can become far less dependent on fossil fuels with nuclear energy; but solar (and wind is, in the final analysis, only a function of solar influence on the atmosphere). Wind and solar power sources don’t provide energy except when conditions that support the creation of energy is present (daylight and wind). Electric transportation will always depend in the main on fossil fuel energy produced just like it always has. You will never get away from fossil fuel. It is a pipe dream of those living in denial.

      1. “You will never get away from fossil fuel. It is a pipe dream of those living in denial.”

        That’s an overstatement.

        Sufficient nuclear could do it. Also, solar arrays in space could likely do it. Barring some kind of completely unexpected (at this time) scientific breakthrough, some combination of those two things seems likely in the next few centuries.

        But of course, we’re not moving towards either of those at all right now, and the same people screaming about fossil fuel are pretty actively against nuclear and only slightly indirectly against any kind of useful, sustainable space activity.

        Bons fact you left out: most of the carbon in fossil fuels was in the atmosphere before it was converted into plant matter via photosynthesis. Oh no, we’re putting it back where it came from!

    2. Not a problem with “moving away from everything being dependent on oil” but to mandate it to be done essentially overnight as the political left is doing is socio-economic suicide. We have a supply of oil and natural gas that will sustain us for many years longer than a reasonable development of other energy sources. What is the problem with that? Aha, not enough politicians and communist social engineers get to enrich themselves on the hype maybe??

  4. Pingback: FACTS – My Blog
  5. I think the quality of crude oil matters in terms of refinery efficiency. Many of the US Gulf refineries are configured to run on heavier and more sour crude sources than what’s typically produced in the U.S. Also, while I agree that most OPEC+ countries have much more lax environmental standards than U.S. oil and gas production, many Arab Gulf states have a technically cheaper cost of production than the U.S. THough I admit that their costs would increase if environmental regulations were equalized across geogrpahies.

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