KEN’S CORNER: America Is At The Mercy Of Big Oil From others

KEN’S CORNER: America Is At The Mercy Of Big Oil From others

By TLB Contributing Author: Ken LaRive

Lafayette- Though Natural Gas demand and production in the US will strengthen, with a surplus to export. It is projected that oil from both North and South America will also be in high demand. Many projections have high expectations for a resurgence of our floundering oilfields, some indicating another golden age, but all agree that positive speculation does not always promote it.

It was an increase in oil demand in the latter part of 2010 that helped stimulate economic recovery worldwide, and that demand will surely grow again. Who sells it, who will supply it, is a crap shoot.

Fears that the Middle East will escalate into more war drove oil prices higher by dire speculation, just as a weakening economy dragged it lower with a lack of demand. Futures trading is floundering with these frantic and fearful predictions, and America suffers.

Our own LNG, Cheniere Energy, has tripled stock prices this past year, even creating more stocks to sell just weeks ago. The export of LNG is said to be up and running, if the administration continues to see this potential with granting permissions. Instead, our administration is promoting Brazil.

Those who have made a living in the oilfield roller-coaster ride knows well that what goes down will come back, but it is just the old timers who remember the boom and bust of the latter 70’s and middle 80’s. All other dips and resurgences since pail in significance, as they were the both the best and worst of times. The world is changing, markets are changing, and we had better step up.

The US is indeed seeing inflation these past months, but worldwide the financial situation in so-called developing countries are taking major hits too. Publications in the Louisiana Oil and Gas site are somewhat divisive, but most agree that there will be a major need from China, some speculating that to be 40 percent of total demand. Both Europe and the US are expected to be flat, with economies predicted to be weak in relation to other developing countries that are moving from a bicycle to moped individual transportation systems.

Several years ago Mexico was said to have found a major gas strike offshore, and that Brazil is sitting on top of a major deep-water find without proper finance to build its deep-water infrastructure, and yet it is being published now that production in Mexico is expected to faultier, as George Soros is anticipated to continue betting on Brazil. There is even speculation that he will actually purchase Petrobras…

This Brazil find is said to follow the fault line all the way to the Caribbean, just as our own Atlantic Seaboard is expected to also have major oil and gas deposits. So too does the western side of Florida, Alaska, and the California coast as well, but we are not allowed to produce.

Canada will also be a major player in the next decade, and in spite of the Gulf of Mexico slowdown by the Deepwater Horizon spill, along with Alaska’s declining production, North Louisiana to North Dakota, with the major player Texas, are trying to expand drilling oil shale more effectively with new fracturing techniques. However…

Environmentalists are still fighting the possible reopening of the Keystone Pipeline that would take about 500,000 BBLs a day of refined crude from Louisiana and Texas, the LNG Plant’s safety in Cheniere, to attacking fundamental methodology of shale-drilling operational techniques in the US. This produces years of litigation and delays, while the rest of the world attempts to forge ahead, doing what is best for their countries.

American environmentalists, backed by an army of litigation attorneys, are arguing that the production of oil sands will require more flaring of Natural Gas before being capped, producing greenhouse gasses that will stimulate global warming. The pipeline is being attacked for the same reasoning, and as litigation escalates, so too does attorney fees….

Because of these trappings, OPEC will still be a major supplier, as will our dependence on them. Though the Soviet Union, Brazil and Canada will be major players in the coming years, unless the US oilfields are unshackled, we will take an insignificant roll in comparison.

While we should be working and considering alternatives, opportunity is knocking loudly. Whether our government cares is another matter, and anyone’s guess, and this stymies investment, strangling America for high gas prices, increased commodity costs, dependence on others, with escalating inflation.

The amount of potential jobs the oilfield could produce is staggering.


Read more great articles from KEN’S CORNER


Ken LaRive

From the Author, Ken La Rive – We in the Liberty movement have been fighting to take back this country for less than a decade, peacefully and with the love of God and country in our hearts. Our banner has been trampled on and displaced by a multitude of distractions, further eroding our nation and the cause for Liberty. And so, as we are pulled by forces we cannot fathom, powerful entities with unlimited resources stolen from our future, unaccountable trillions printed out of thin air and put on our backs as debt, we must formulate the most pitiful of all questions any patriot might ask in the final hour: Are we going to fight for our master’s tyranny, or are we going to demand the return of our civil liberties and Constitution? Are we going to choose The Banner of Liberty, or the shackles of voluntary servitude? Will it be a war for corporate profit, or a war to regain our ability to self govern, as the blood and toil of our forefathers presented to us, their children, as a gift? I fear that decision is emanate. I fear that any decision will be a hard one, but my greatest fear of all is that the decision has already been made for us.



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