$4.00 a Gallon President!

Yes I remember the $4.00+ a Gallon President… His Name was George W Bush and in the Summer of 2008 under President George W. Bush a gallon of gas was over $4.00 per gallon.

Of course as time went on the prices came back down including the first two years of the Obama Administration. So now they are headed back up, and if ANYONE believes that ANY United States President can directly affect and control oil prices, are the most delusional people on the planet! Any high school student knows that oil prices are affected by the world economy, oil speculators and global demand. Of course in the Tundra Twit’s Pea Brain, She feels and wants you to believe with her pathetic talking points that Oil Prices are driven by Oil Production and Oil Reserves. And no surprise, according to her, the best place for this production is right up there in Alaska. If you believe that bull shit then go ahead and buy that bridge to NOWHERE she wants to sell you!

In the highlighted box above I want to focus on the most important LIE that the Tundra Twit is trying to tell you. This is what she stated on Facebook, Direct Quotation:

Exhibit C: His anti-drilling regulatory policies. The U.S. Geological Survey found that the area north of the Arctic Circle has an estimated 90 billion barrels of technically recoverable oil and 1,670 trillion cubic feet of technically recoverable natural gas, one third of which is in Alaskan territory. That’s our next Prudhoe Bay right there. According to one industry study, allowing Royal Dutch Shell to tap these reserves in Alaska’s Chukchi and Beaufort seas would create an annual average of 54,700 jobs nationwide with a $145 billion total payroll and generate an additional $193 billion in total revenues to local, state, and federal governments over 50 years.

Liar, Liar, Liar!

90 Billion Ms. Palin? That sure is odd, as ANYONE can Google and find these statistics… In 1998, the USGS estimated that between 5.7 and 16.0 billion barrels (2.54×109 m3) of technically recoverable crude oil and natural gas liquids are in the coastal plain area of ANWR, with a mean estimate of 10.4 billion barrels (1.65×109 m3), of which 7.7 billion barrels (1.22×109 m3) lie within the Federal portion of the ANWR 1002 Area. In 2010, the U.S. Geological survey lowered this estimate by 90 per cent to 896 million barrels as it was found to contain much more natural gas than previously thought.

The total production from ANWR would be between 0.4 and 1.2 percent of total world oil consumption in 2030. Consequently, ANWR oil production is not projected to have a large impact on world oil prices. Furthermore, the Energy Information Administration does not feel ANWR will affect the global price of oil when past behaviors of the oil market are considered.

Okay so based on the “Mean” estimate Palin bloated her number by 900%, But what is even worse based on the new 2010 Estimates she bloated her number by over 9,000%!!! Now some people Lie but Ms. Palin LIES by a Magnitude of 9,000 Percent! So if she is lying at this magnitude what does that tell you about her “Job Forecast?” I would love to know what “Nationwide” Jobs this is going to create. Since when does it take nearly 55,000 people to punch a few holes in the arctic tundra? If the Drilling and Production is happening in Alaska just how does this generate jobs in the lower US?

But Why? Why is Sarah Palin Lying to You?

Perhaps this little known web site below will give you a clear picture. The real crack up is, this web site basically backs up what the USGS states and Alaska and Big Oil is spending big money paying off politicians like Fred Upton and Paul Broun to convince you that Drilling in the ANWR Wilderness is Good for the Country. If You do not believe me, then look at this letter from Fred Upton to President Obama.

So basically this Alaska Coalition Site is Telling you that they are in a panic because with all the holes they’ve punched they are now running out of oil, hence losing income to the state. So their goal is to convince America that it will be good and beneficial to punch a few more holes in the tundra to bring production and their revenue stream back up and Sarah Palin is grossly exaggerating the numbers to try and sell America on the idea. The truly sad thing here is they are not telling you is they want to spend close to 200 Billion to buy 2.6 months of oil for the USA. Do the Math. Based on the latest estimates from the USGS they are estimating a little over 800 Million Barrels of oil in ANWR. the USA consumes 10 million barrels a day. Other experts have equated that the oil reserves in ANWR is equivalent to an eye dropper to a full barrel of oil for what the middle east has.

For those of you who feel that employing a few thousand oil workers on the North Slope of Alaska to bring this country 2.6 months worth of oil is a sound investment please raise your hand!

Update April 9, 2011

Again as ALWAYS the Republicans, and Sarah Palin especially, continue to tell whoppers to try and make the American Consuming and Voting Public that President Obama and the Democrats are causing huge spikes in gasoline prices due to drilling moratoriums. Additionally Palin wants you to believe that all of this is causing us to rely on oil imports more heavily from “foreign regimes in dangerously unstable parts of the world.” LOL Okay! Once Again Palin’s Stupidity and Motor Mouth continues to show that she in FACT is a Moron and if she isn’t, then she is flat out lying to everyone… Maybe it’s both?

Palin, March 15: The evidence of the President’s anti-drilling mentality and his culpability in the high gas prices hurting Americans is there for all to see.

The Indisputable FACTS!

First of all, U.S. oil production in the Gulf of Mexico last year was 1.64 million barrels per day — a record, despite the spill and moratorium. We confirmed that it was indeed a record year for Gulf oil production based on EIA data (since 1981) and Department of Interior data (dating to 1947), as provided by EIA spokesman Jonathan Cogan. The increase is also credited to improved technology and increased experience in deepwater drilling for the steady climb in Gulf production.

Fadel Gheit, a former Mobil Oil executive who is now a senior energy analyst at Oppenheimer & Co. was asked about the impact of the deepwater moratorium, Gheit said the moratorium had a “negative impact on production, but not as much as the politicians would like us to believe.” The impact of the moratorium on gas prices? “Nothing. Zero,” he said.

It’s important to note that even before the oil spill and the moratorium, the EIA projected in April 2010 that oil production in the Gulf would decline this year. Before the spill, the EIA expected the Gulf to produce 110,000 less barrels per day in 2011. As we said, it is now expected to decline by 240,000 barrels a day this year. The difference is 130,000 barrels per day.

But domestic production elsewhere will partially offset the decline in the Gulf. EIA estimates that the net result will be a decrease of about 110,000 barrels per day — which amounts to six-tenths of 1 percent of the total 19.30 million barrels per day that the U.S. is expected to consume this year. Gheit said such a relatively small decline “doesn’t even move the needle” on gas prices. He blamed global events — not the president’s policies — for rising gas prices.

Gheit, March 17: Only the naive will think that will have a direct impact. It doesn’t even move the needle. Is 100,000 barrels (a day) going to make a difference? It’s not. A cent or two per gallon? It might.

While Republicans have criticized Obama’s energy policies, the president has touted — as he did in a March 11 press conference — that oil production rose last year.

Obama, March 11: Last year, American oil production reached its highest level since 2003. Let me repeat that. Our oil production reached its highest level in seven years. Oil production from federal waters in the Gulf of Mexico reached an all-time high.

Obama is right on both counts. EIA data shows that total domestic production of crude oil was 5.51 million barrels per day, including 1.64 million barrels per day from the Gulf of Mexico. Historical EIA data shows that the last time the U.S. produced that much total oil was in 2003, when it generated 5.68 million barrels per day. (We already addressed that 2010 was indeed a record year for the Gulf.)

The Oil Import LIES of Sarah Palin!

Do we remember this quotation just above by the Tundra Twit? “foreign regimes in dangerously unstable parts of the world.” Does “Fear Mongering” come to mind with such an outlandish statement?

There is no question that the U.S. for a long time has relied on importing oil from dangerously unstable parts of the world. But has Obama allowed us to become “increasingly dependent”? No.

First of all, net imports are trending downward. Our reliance on imported liquid fuels — as the EIA calls oil and other petroleum products — declined to less than 50 percent of U.S. consumption in 2010. And, despite an expected uptick this and next year, it will decline through 2035. The EIA’s 2011 Annual Energy Outlook, released December 2010, projects our reliance on imported liquid fuels will drop to 42 percent by 2035.

There are approximately 34 countries listed by the State Department as “Dangerous” when checked on March 18, and the U.S. imported oil products from half of them in the last three years — including Mexico and Saudi Arabia, two of our major suppliers, according to EIA figures.

The U.S. imported about 5.4 million barrels of petroleum and other liquids per day from those 17 nations in 2008. That was about 42 percent of the 12.91 million barrels per day that the U.S. imported that year. And the U.S. imported about 4.8 million barrels of petroleum per day from those same countries in 2010, or 41 percent of the 11.75 million barrels of petroleum it imported each day last year.  Oops! Just where is the “Increased Dependency” according to Ms. Palin? IT WENT DOWN in 2010!

Oh Ms. Palin… Didn’t you know that the U.S. actually imports more petroleum from our northern neighbor, Canada, than it does from any other country? And Canada does not appear on the State Department’s list of “dangerous or unstable nations.” Nor do Venezuela, Russia, Angola, Brazil, the United Kingdom, Ecuador, the Virgin Islands or Kuwait, which are all in the top 15 countries from which the U.S. imports oil and other petroleum products.

You ARE Nothing But a LIAR Sarah Palin!