Pennsylvania and Ohio will become rich states if they vote for Romney

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I hope that the people of Pennsylvania and Ohio know the amount of natural resources they have beneath their feet. The author of this piece, Joe Miller, knows what he is talking about. He is from Alaska, the only state that does not have a state sales or state income tax. The government and services are financed by the royalties from their oil production. A vote for Romney sounds like a no-brainer to me.

Excerpt: Voters in Pennsylvania and Ohio have a unique opportunity to make themselves energy producing giants this Tuesday, if they vote for the right candidate.

As geologists and energy experts probe what’s under the ground in these two states, it is becoming apparent they are sitting on huge reserves of natural gas. In addition to gas, they already have huge reserves of other forms of fossil fuels.

But in particular, the gas is near the surface and easy to obtain. If there is willing government cooperation from Washington DC, these states will be booming due to energy production. State treasuries would be overflowing with royalties from the billions in energy sold.

Read the full article here.

Romney’s energy plan – let states develop their abundant resources

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It is about time we got the Federal Government off the backs of the real innovators and gave the power to the states to regulate their own resources.  

Everyone thought that the purchase of land by the Federal Government was meant for good for the American people, but it has turned out to be just another control mechanism.  Because of the vast amounts of land controlled by the Feds, some states have very little room to grow.

The top 10 list of states with the highest percentage of federally owned land looks like this: 

  1. Nevada           84.5%
  2. Alaska            69.1%
  3. Utah               57.4%
  4. Oregon           53.1%
  5. Idaho              50.2%
  6. Arizona           48.1%
  7. California        45.3%
  8. Wyoming         42.3%
  9. New Mexico     41.8%
  10. Colorado          36.6%

Excerpt: “What Governor Romney is proposing is that state governments, which already control the development of energy resources on their own and private lands within their borders, would also control the development of energy resources on federal land within their borders,” said Romney’s domestic policy advisor Oren Cass in a briefing call with reporters to preview Romney’s energy speech slated to occur later today in New Mexico.

Cass said that Romney believes the challenge in getting to energy independence by 2020 is “not about the resources we have, it’s not about the technology that we have, it’s about the government we have.”

“The question is, Are we going to pursue the political reforms that will allow us to develop the resources to their fullest?” said Cass.

In addition to shifting the power of energy development exploration on federal lands to the state level, Romney’s policy also calls for opening more offshore drilling options, starting off the coast of the battleground state of Virginia as well as the Carolinas.

Romney’s plan also calls for the pursuit of a “broader North American energy partnership” with Canada and Mexico that would include building the Keystone pipeline, a development Romney calls for frequently on the stump while simultaneously criticizing the Obama administration’s rejection of the pipeline.

Read full ABC News report here.

Obama goads Congress to end tax breaks for large oil companies

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This is just a tax increase on the oil companies that will be passed along to the consumer. The smaller exploration companies will be hit the hardest and possibly be put out of business. Tax breaks to Obama’s cronies in the wind, solar and renewables far outweigh those of the oil industry. And yes, the high profits are a result of humongous investments made by ordinary people, pension funds, IRA’s, 401ks etc. Do you think those people fall for this crock that Obama is shoveling? Yes, his uneducated base will believe it. They would believe all his lies.

Excerpt: President Barack Obama on Thursday pressed Congress to repeal billions of dollars in tax breaks for oil companies that are pulling down record profits, arguing that Americans hit with soaring gas prices should not also have to prop up firms that can easily “stand on their own.”

The president’s remarks came as the Senate, in a procedural vote, beat back a measure that would have rolled back the tax breaks. The bill fell shy of the 60 votes needed to advance, getting a 51-47 margin that saw Democrats join Republicans in opposition.

Republican Senate Minority Leader Mitch McConnell mocked what he derisively referred to as the Democratic majority’s “brilliant plan on how to deal with gas prices: raise taxes on energy companies, when gas is already hovering around $4 a gallon. Then block consideration of anything else—just to make sure gas prices don’t go anywhere but up.”

“Somehow they thought that doing this would set up some kind of a political win for them, which I never really understood,” he added. “I mean, I can’t imagine anybody giving them any high-fives for not lowering the price of gas. But anyway, that was the plan.”

High gas prices pose a potentially serious election-year threat to Obama, threatening the fragile economic recovery and hitting Americans in the wallet. Experts blame the pain at the pump on soaring demand in fast-growing economies like China, India and Brazil, as well as instability and uncertainty in the Middle East. But public opinion polls show Americans disapprove of the president’s handling of the issue.

The proposed repeal “would increase tax collections from the oil and natural gas industries and may have the effect of decreasing exploration, development and production, while increasing prices and increasing the nation’s foreign oil dependence. These same proposals, from an alternate point of view, might be considered to be the elimination of tax preferences that have favored the oil and natural gas industries over other energy sources and made oil and gas products artificially inexpensive, with consumer costs held below the true cost of consumption, when the external costs associated with environmental costs and energy dependence, among other effects, are included,” the CRS said.

Read YAHOO News article here.

What If Oil and Natural Gas Are Renewable Resources?

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Estimates of America’s oil reserves are constantly being revised upward. Many believe this is due to the increasingly sophisticated technology being used to drill and measure them. Could it be that oil is a renewable energy source the same as corn for ethanol. If so this puts a big hole in Obama’s sales pitch for sources controlled by his cronies.

Excerpt: President Barack Obama and his green energy confederates are determined to scare the public about a declining supply of “fossil fuels.” If we accept the idea that oil is produced by the conversion of organic matter — from plants to dinosaurs — under extreme pressure, we must also accept the idea that there is a limited supply of oil and that we’ve got to do everything we can to find a replacement for fossil fuels before we run out.

The evidence is mounting that not only do we have more than a century’s worth of recoverable oil in the United States alone (even if there is a limit to the earth’s oil supply), but that we also actually have a limitless supply of Texas tea because oil is in fact a renewable resource that is being constantly created deep under the earth’s surface and which rises upward, where microscopic organisms that thrive in the intense pressure and heat miles below us interact with and alter it.

In other words, we have an unending supply of oil, some of which is constantly migrating upward from the depths at which it is created to refill existing oil deposits, and much more of which remains far below the surface. This oil can be recovered using existing technology.

Scientist Thomas Gold presents the decades-old theory of “abiotic” oil-creation, which supports these facts, in his book, The Deep Hot Biosphere. In it he explains that the idea of the “biotic” creation of “fossil fuels” — that decaying organic matter is compressed into oil — is incorrect. In fact, the earth is constantly producing new oil very deep below its surface, and in some cases the oil flows up to replenish existing oil fields thought to be exhausted. In simple terms, the microscopic organisms mentioned above interact with the hydrocarbons, altering them and leaving their footprint, thus disproving the notion that oil is a “fossil fuel.”

Here’s an example of how the process plays out:

Eugene Island is an underwater mountain located about 80 miles off the coast of Louisiana in the Gulf of Mexico. In 1973 oil was struck and off-shore platform Eugene 330 erected. The field began production at 15,000 barrels a day, then gradually fell off, as is normal, to 4,000 barrels a day in 1989. Then came the surprise; it reversed itself and increased production to 13,000 barrels a day. Probable reserves have been increased to 400 million barrels from 60 million. The field appears to be filling from below and the crude coming up today is from a geological age different from the original crude, which leads to the speculation that the world has limitless supplies of petroleum.

Read full American Thinker here.