Sarah Palin has executive and energy experience

When the price of oil reached nearly $149 a barrel and the price at the pump broke the $4 barrier, energy became the top issue of this election. The Democrats (or European socialists if you prefer) are slow to understand economic issues and are still chanting Green Party slogans while the rest of the country has discovered that oil drilling in America has been shut down for the past 30 years off the coast of the U.S.

Sen. John McCain picked a super star in Sarah Palin, governor of Alaska. She knows more about the oil industry than Obama, Biden, Pelosi and Harry Reed put together. Pali’s husband has been a North Slope oilfield engineer.

It’s time to realize that Norway and the UK are drilling and producing billions off their coasts in the North Sea and off the western coast of Norway. Russia has revived to a world power again from oil reserves.

Only the United States remains stupefied by environmental screed. Billions of barrels of oil and natural gas remain untouched in ANWR and off the coasts of California, Washington, Oregon, Florida ant the Carolinas.

Cuba, China and Venezuela are about to start producing oil miles off the U.S. coast.

America is about to be treated to a lesson in economics.

The U.S. is rich in oil. It’s time to vote out the Democrat/socialists and Green party communists

An inconvenient truth about untapped oil reserves in the U.S.

The Arctic could hold 90 billion barrels of oil and enough to supply U.S. demand for 12 years, the U.S. Geological Survey reported today.

One-third of the undiscovered oil is in Alaskan territory, the agency found in a study released on July 24, 2998. By contrast, a geologic formation beneath the North Pole claimed by Russian scientists last year probably holds just 1.2 percent of the Arctic’s crude, the U.S. report showed.

Energy producers such as Shell and Chevron have increased exploration of the region for untapped reserves amid record prices and receding access to deposits in more hospitable climates. Russia’s move last year to scrap a United Nations convention and carve out an exclusive Arctic zone sparked protests from Canada, the U.S., Norway and Denmark.

“Most of the Arctic, especially offshore, is essentially unexplored with respect to petroleum,” Donald Gautier, the project chief for the assessment, said in the report. “The extensive Arctic continental shelves may constitute the geographically largest unexplored prospective area for petroleum remaining on Earth.”

(Except for the thousands of miles of continental shelf of the U.S. that has been virtually shut off by the Democrat party since the time of Jimmy Carter).

Imagine the wealth that is being wasted. It’s enough to wipe out the national debt and build a new Dubai. It’s time to vote out every Democrat and any Republican who will not drill here and drill now.

Norway is the world’s third largest oil exporter and second ranked environmentally friendly country

Did you ever read about Norway’s offshore oil production in your daily newspaper or see a report on the major networks? You have to wonder why?

Norway’s massive oil reserves are all offshore on the Norwegian continental shelf. Their’s is a prime example of how fast the oil can go into production in just three years.

Follow the Norway way to see that a beautiful coastline remains preserved while large-scale oil production goes on off shore. In fact, Norway is ranked second only to Switzerland in environmental stewardship. Another fact on statistics, Norway is one of the richest countries per capita in the world, out ranking many oil-rich nations.

Up until the 1960s very few people believed that the Norwegian continental shelf had oil and gas deposits. With the Ekofisk discovery in 1969, the Norwegian oil boom began. Deep-water production from the field began in June, 1971. During the next few years, a number of major oil discoveries were made. Today, there are 52 major fields in production. In 2006, these fields produced 2.8 million barrels of oil per day and 88 billion cubic meters of gas. Norway ranks as the world’s third largest oil exporter and the tenth largest oil producer, in 2006 figures. Some reports but them second only to Russia.

Ironically, it was the U.S. that first developed offshore oil exploration in the Gulf of Mexico. Companies such as Shell, Chevron, ExxonMobil with the expertise of oil services companies including Halliburton and Schlumberger.

Most of the U.S. continental shelf has been left untouched for 20 years by a series laws enacted by the “green” political movement, bought hook, line and sinker by the Democratic party and in some cases Republicans to keep pace with the propaganda movement of man made global warming.

Former VP Albert Gore made an amazing speech yesterday claiming we had just 10 years to save the world by transforming to wind and solar energy. Had Gore been working in the real world and made such an un-researched claim at a corporation, he would be sent to a detox center for psychological testing.

This week, President Bush lifted the executive ban on offshore continental shelf drilling. But the Democrat controlled U.S. Congress refuses to do so. Think about that when you pay more that $4 a gallon at the pump today. The Republicans wanted to start drilling in ANWR Alsaska in 1993, but Bill Clinton vetoed the bill. That field could have been producing 1 million barrels per day in 1998.

The world price for oil is already dropping. Investors do their homework and have a good idea that the American people are starting to figure out the facts. There could be a landslide sweep of victoroies for Republicans in November.

Mick Gregory

First photos of China and Cuba JOA deepwater drilling ship

Samsung of South Korea is turning out deepwater drilling ships. This is the straw that broke Obama’s back: The first photos of the offshore, deepwater drilling ship dipping into the same reservoirs the U.S. could be cultivating had it not been for the Democrat party that wants Americans to follow the Central European socialist model of $8 a gallon gas and long lines waiting for trains run by BIG BROTHER unionized employees.

Get ready for the backlash from the middleclass against the green/global warming propaganda.

Drudge Report will broadcast the photos this month. The Chinese/Cuban agreement is about to wake up the sleeping independents and Republicans.

All those millions of dollars wasted by Hillary and Obama, too bad they weren’t invested in offshore drilling rigs.

Meanwhile, millionaires are still being made in West Texas. Don’t believe it? Watch “Black Gold,” a new show on TruTV.com. It runs Wednesdays at 10 p.m. Eastern.

— Mick Gregory

China and Cuba drilling for oil off Florida’s coast. The Democrats say the U.S. can’t.

Mick Gregory

The Republicans have hit a political gusher. The Democrat/socialists hiding under the friendly Green flag of environmentalism are being exposed today. I predict the Democrats will vote against the issue of drilling off U.S. coasts.

This while Cuba and China begin drilling off the Florida/Cuba shore. They will have their straw in our oil reserve milkshake.

Next, I predict, President Bush will issue an Executive Order opening up drilling.

The coastal reserves are estimated to be 18 billion barrels from 20-year-old studies. That is the short estimate equal to the amount of oil the U.S. would produce in almost 10 years (that’s 3,600 days producing 5 million barrels per day). The coastal reserves are also nearly equal to what some experts believe can be recovered at Anwar Reserve in Alaska. The reserve that the Democrats and Jimmy Carter put under lock and key over 20 years ago as well.

Tonight, look for the new reality show called “Black Gold” syndicated on cable channels across the country on TruTV. It’s a show that drills down into the ongoing oil explorations going on in West Texas today.

The U.S. still has oil! In fact, almost 70 percent of the oil in mature wells, some over 100 years old, is attainable with today’s technology.

The timing is right for U.S. oil industry stocks to rise. Meanwhile, the world market of crude will soon fall to below $100 in my guestimation.

Four major league oil companies are in negotiations for contracts that will return them to Iraq, 36 years after losing their oil concession to nationalization as Saddam Hussein socialized the oil companies and grabbed power.

Exxon Mobil, Shell, Total, BP and Chevron — and a number of oil-service companies, are in talks with Iraq’s Oil Ministry for contracts to service Iraq’s largest fields, according to press releases.

The deals, expected to be announced on June 30, will begin the first commercial work for the major companies in Iraq since Hussein ordered the burning of his country’s oil fields and the start of the Iraq war.

UPDATE: Time to ask why the Democrat Congress doesn’t do anything about the oil crisis.

The percentage of voters who give Congress good or excellent ratings has fallen to single digits for the first time in Rasmussen Reports tracking history. This month, just 9% say Congress is doing a good or excellent job. Most voters (52%) say Congress is doing a poor job, which ties the record high in that dubious category.

McCain makes strong case for drilling for oil

John McCain came out swinging for the fence today (Monday). He said the federal moratorium on offshore oil and gas drilling put in place by the Democratic party, should be lifted, and individual states given the right to pursue energy exploration in waters near their own coasts.

With gasoline prices rising and the United States chronically dependent on foreign oil, the Republican presidential candidate said his proposal would “be very helpful in the short term resolving our energy crisis.”

McCain also suggested giving the states incentives, including a greater share of royalties paid by companies that drill for oil, as an incentive to permit exploration.

Asked how far offshore states should be given control of drilling rights, he said that was a matter for negotiation.

He offered no other details for his proposal, which he is expected to describe more fully on Tuesday in an energy speech.

The current drilling moratorium is a socialist/Democrat, Big Brother rule, pitting those who favor additional exploration on the one hand against Marxists on the other.

The current ban on offshore drilling covers an estimated 80 percent of U.S. coastal waters. Given Democratic opposition in Congress to ending it, the Bush administration and congressional Republicans have been seeking the type of state option that McCain endorsed.

The GOP presidential candidate said a recent run-up in the price of oil was having an adverse effect on consumers.

“We’ve seen the impact of it in the form of food prices, in the form of gasoline, in the form of threats of inflation and indeed indications of inflation, and we must we must embark on a national mission to eliminate our dependence on foreign oil,” he told reporters. McCain has sought to carve out something of a middle road on energy issues, parting company with many Republicans by opposing drilling in the Arctic National Wildlife Refuge in Alaska, for example and calling for measures to reduce greenhouse gases.

The Senate last month rejected a GOP energy plan, 56-42, that included a provision similar to McCain’s proposal. It would have allowed a state’s governor to petition to have the federal moratorium lifted for waters off its coast. Republican senators argued there are some 14 billion barrels of recoverable oil available in waters now off limits. Also, the House has twice approved giving states the right to opt out of the federal ban, both when the GOP held the majority, but the proposal has never made it through the Senate.

McCain is in Dallas tonight for a pair of pair fund raisers,

Obama will not be able to respond. He is out of touch with economic issues.

Meanwhile, Al Gore finally endorses Obama. Wow, that’s sticking your neck out!

Obama already had the nomination locked up for a month. Can you see what kind of spineless, witless puppet Gore is?

He was waiting for marching orders from the Clintons. What do you think?

Would you buy a Dell computer from that man?

 

The most dramatic dip in U.S. home prices in history — There will be blood

New figures the first week of June reveal that house prices in the U.S. have already fallen by more over the past 12 months than in any year during the Great Depression. This study comes from the Economist. You didn’t read about it in your LA Times, SF Chronicle, Chicago Tribune or Washington Post, did you?

These are national figures. Some of the country didn’t see any dip. For example, there are areas of Houston such as EPCOT village-styled, heavily wooded community called The Woodlands that experienced price increases in homes near The Waterway and Town Center, some call the Lake District, the homes in Panther Creek. Here you can buy a 3,500 square foot brick mansion with pool, granite counter tops, Brazilian cheery floors, glass conservatory, rot iron fence for $420,000-$500,000.

There are other areas of Houston, such as Sugar Land, Kingwood and Katy that have increased in value as well. Houston area properties didn’t go through the heady spike in prices that San Diego, Hollywood and the San Francisco area did from 2001-2005. Houston has become one of the safe havens of high-quality housing. Austin, San Antonio and Dallas have also survived the drop in prices.

Another factor saving the Texas economy — oil. U.S. oil production has sharply increased due to the price per barrel hitting $135. Old oil fields are pumping again due to high-tech well enhancement operations by Texas E&P oil service companies. In addition, Houston is second only to New York in Fortune 500 companies.