{"id":101556,"date":"2022-04-28T19:34:22","date_gmt":"2022-04-28T23:34:22","guid":{"rendered":"http:\/\/www.thedailygouge.com\/?p=101556"},"modified":"2022-04-28T19:34:29","modified_gmt":"2022-04-28T23:34:29","slug":"the-daily-gouge-archive-wednesday-april-27th-2022","status":"publish","type":"post","link":"https:\/\/www.thedailygouge.com\/?p=101556","title":{"rendered":"The Daily Gouge Archive, Wednesday, April 27th, 2022"},"content":{"rendered":"

It’s Wednesday, April 27th, 2022…but before beginning, courtesy of Balls Cotton and Combat Soldier<\/em>, we present a pithy primer from Lance Geist on the realities of domestic fossil fuels entitled…<\/strong><\/p>\n

Borrowed and saved for protection from censors concerning facts about\u00a0oil<\/span><\/span><\/a>.<\/span><\/h1>\n

 <\/p>\n

\"\"<\/a><\/p>\n

I hold in my hand a 140-milliliter sample of Louisiana light (sweet) crude oil. I collected it myself from a process separator aboard the production facility I work on in the Gulf of Mexico.<\/span> It may not seem like much to you, but it really is a very remarkable substance! It\u2019s more than 50 million years old, and came from an oil reservoir that\u2019s almost 20,000 feet underground.<\/span> Very soon, it will travel hundreds, or maybe even thousands of miles on its journey to becoming one of the many products that crude oil is refined into. It has a dark earthy brown color, is slightly less viscous than tap water, tastes worse than it smells, and is the life blood of the world economy.<\/span> Believe it or don\u2019t, but this sample represents the single most valuable commodity in existence<\/span><\/em>. Without it<\/span><\/em>, nearly every facet<\/span><\/em> of modern civilization stops<\/em><\/span>.<\/span> Immediately<\/span><\/em>.<\/strong><\/span><\/p>\n

This sample contains about .0028% of my facility\u2019s daily crude oil output, but is less than four hundred-millionths of 1% of the United States\u2019 daily crude oil consumption.<\/span> It\u2019s also an infinitely small amount when compared to the 4+ trillion barrels of known domestic crude oil reserves. That means there\u2019s a frikken\u2019 buttload of crude oil, right here in the good ol\u2019 US of A!<\/span> It\u2019s enough to sustain us for more than 400 years, which is way longer than we\u2019ll need sustaining for because we\u2019ll probably be extinct by then. Ok, maybe not.<\/span> But maybe so. Who knows?<\/span> One thing is certain<\/span><\/em> though; there\u2019s no shortage of domestic crude oil<\/span><\/em>, and more<\/span><\/em> is being discovered everyday. So, we\u2019ll likely still be discovering new oil reserves long after we\u2019re extinct.<\/span> Maybe not. Who knows.<\/span><\/strong><\/span><\/p>\n

Anyway, so what\u2019s the point of this? Why have I told you this?<\/span> It\u2019s to expose you to the truth<\/span><\/em> about crude oil and the oil industry, because you\u2019ve been lied to<\/span><\/em>. Not by me though.<\/span> You\u2019ve been lied to by the phony President and his phony cronies, but I want to set the record straight. I\u2019m going to tell you the truth, so pay attention.<\/span><\/strong><\/span><\/p>\n

1. There is enough recoverable crude oil within the continental US to supply current and projected future demand for 400+ years, and that\u2019s just the oil we know about<\/span>. It doesn\u2019t account for future discoveries. Th<\/span>at\u2019s a fact, jack.<\/em><\/strong><\/span><\/p>\n

2. We do not need to import a SINGLE DROP<\/span> of foreign<\/span> crude oil. The domestic<\/span> oil industry can easily meet<\/span>, and even surpass<\/span> domestic demand. We\u2019ve done it before, and we can do it again. That\u2019s a fact, jack.<\/em><\/strong><\/span><\/p>\n

3. The domestic oil industry currently<\/span> cannot satisfy domestic demand due to oil drilling restrictions imposed by the federal government<\/span>. That\u2019s a fact, jack.<\/em><\/strong><\/span><\/p>\n

4. The price of EVERYTHING revolves around oil, and the law of supply vs demand dictates the price of oil. When oil is plentiful, commodities are cheap. When oil is scarce, commodities are more expensive. Right now, domestic oil is scarce, and the price of everything is high because of these restrictions imposed by the federal government<\/span>. That\u2019s a fact, jack.<\/em><\/strong><\/span><\/p>\n

5. We import foreign oil from countries that drill and produce it much cheaper than we\u2019re able to because they do not implement all of the environmental safeguards that we do<\/span>. Their<\/span> methods are FAR<\/span> more destructive to the environment than ours are. <\/em>(Once again…<\/em><\/span><\/strong><\/span><\/p>\n