An update about US energy production

In my post about Victor Davis Hanson’s talk, I wrote that the US is the world’s largest coal producer. It turns out that I was wrong. And by “I was wrong,” I mean just that. It was my error, not Hanson’s. I was simultaneously trying to listen to Hanson, eat a divine chocolate dessert, and take notes. That’s not a good combo, and I’m pretty darn sure I misrepresented his statement about US coal production.

Here’s the skinny, from Donkatsu:

U.S. has the world’s largest reserves of coal, almost half of the total, but we are second to China in production of coal. China is now a net importer of coal, which why it is increasingly profitable for the U.S. to export to the world – higher prices.

Russia has a shale formation in West Siberia, Bezhmenov, that is believed to be much larger than North Dakota’s Bakken. However, they need foreign technology to get it out. China has shale gas resources about equivalent to those int he U.S. but most of it is in regions without much water, a key ingredient in hydraulic fracturing. (messaging – suppose the industry had called it “water stimulation” instead of hydraulic fracturing).

And there’s more, too, The U.S. is commonly portrayed by the egregious Tom Friedman and B. Obama, among others, as being on the sidelines of energy developments in the world. In fact, we are #1 in wind capacity, #1 in biomass (bigger than Brazil), #1 in natural gas, #3 in crude oil (headed for 1 or 2 soon), #2 in coal, # 1 in geothermal and #4 in solar PV.

Israel, Saudi Arabia and the Middle East

Israel as the next Saudia Arabia?

 

According to this article in the Wall Street Journal, Israel’s unusually large and high-quality shale oil reserves may yield as much oil as all of Saudi Arabia’s proven oil reserves.

http://online.wsj.com/article/SB10001424052748703806304576242420737584278.html

 

These discoveries are in addition to of Israel’s recently diclosed gas reserves, also anticipated to be vaste.

 

There are few countries in the world as reality-based as Israel, because Israel has no other choice. It must be reality based in order to survive. This convinces me that Israel will waste  no time in developing these deposits, not only for self-sufficiency but also to gain leverage with the international community. Imagine the political consequences,, if you would, if Europe no longer had to depend upon the Middle East for its oil.

 

Oh, I wish I could say the same about our own country, rich beyond imagination in oil, gas and coal reserves. In our own country, a far-too-comfortable bourgeoisie entertains unicorn visions of Shangri La-like utopias, unspoiled by any energy development other than windmills and solar panels manufactured in China. The price of these idle visions is steep, as measured by lost jobs, investment capital, trade balances and tax revenues, not to mention military missions to fund our energy needs and keep world energy supplies safe. The self-satisfied American bourgeois elites sleep well, oblivious to the environmental, economic and social disasters inflicted upon our own country and others to satisfy our presumptions of environmental virtue. Not even a record recession (depression?) and all its accompanying miseries is enough to shake our self-satisfied masses from their ut-opium dreams.

 

The bottom-line is that most of the bad international news that we read about today, from Iraq to Libya, Iran, North Africa, Sudan, Nigeria and world jihadism in general, has to do with the quest for affordable energy. Take away oil as an issue by crashing its price on world markets through oversupply, and most of these issues cited above simply fade away, along with the revenues transfered to countries that use them to fund activities inimical to our prosperity and civilization. Crash the price of fuel, jihadism dies. Crash the price of fuel, the world’s poor and unemployed benefit. Israel gets it, we don’t.

 

North America enjoys the world’s largest deposits of oil, gas and coal. Europe has recently discovered immense gas deposits that should more-than meet its internal needs. It’s time for our civilization to wake up: we should be developing our own energy resources as a crack pace, if for nothing else than to avoid a world disaster. War and poverty also have environmental consequences.

 

Obama is planning on bankrupting the coal industry

I know you’ve heard about it, but now you can actually hear it:  Obama stuttering wildly before gleefully admitting that he wants to drive the American coal industry into bankruptcy.  Who cares about those whose livelihood depends on the coal industry?  Who cares about those who regularly use and need affordable coal produced energy?  Obama’s going to change the world, whether we want it or not:

Ed Morrissey explains the horrifying ramifications of Obama’s clever little plan.