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  • Does 14% OF 28.5 Billion Sound Like a Compromise to You?

    The ‘Gang of 10‘ energy plan being sold by a bipartisan group of Senators claims to be a ‘compromise‘ that Majority Leader Harry Reid (D-NV) calls “a step in the right direction.” But is it? Does the bill really make an honest attempt to develop more of our domestic energy supplies?

    The House All of the Above energy plan includes permanent tax breaks for wind and solar power, as well as lifting oil and natural gas exploration bans in the Outer Continental Shelf and the Arctic National Wildlife Refuge. The Gang of 10 energy plan removes the OCS ban only in the Eastern Gulf of Mexico. The ANWR ban and all of the Pacific OCS bans remain in place and the Atlantic OCS has to get each state’s approval before exploration can begin. Here is a handy chart from the Energy Information Administration (EIA) showing how much oil is estimated to be where:
    tble-10.jpg
    As you can see, the Gang of 10 plan only opens up 3.87 of the 18.17 billion barrels available in the OCS. Throw in the 10.3 billion barrels that the EIA estimates are in ANWR, and we see that the Gang of 10 opens up only 14% of the 28.47 estimated billion barrels of oil that the House energy plan is trying to open up for American consumers.

    Posted in Energy [slideshow_deploy]

    6 Responses to Does 14% OF 28.5 Billion Sound Like a Compromise to You?

    1. bouder co says:

      Look at McCain's experiences/decisions. He has multiple vacation homes — at least 7. One of the homes he did not pay his taxes for 4-5 years. Yes, that is true. He was almost in foreclosure! If he can't take care of his, how can he take care of others?

    2. mailgeek, Superior C says:

      Folks, please feel sorry for me. I have to live near people like the above commenter….. And they vote for morons like Mark Udall to NOT represent me.

      As to the topic, yes, that is a compromise. The leftists want no expansion of production of our energy. The conservatives want optimal expansion of energy. So 14% of the oil exploration and none of the general tax breaks for R&D into market viable alternatives is a compromise.

      The biggest problem with the Republican party over the last decades (John McCain being one of the better examples) has been their desire to compromise with people they know are wrong and their complete inability to get anywhere near 50% while doing so. Many of us, myself included, are tired of that kind of compromise. Force the Democrats in both houses to vote on the House Republican plan as it exists. Force them to do it BEFORE Nov. Let's win, lose or draw based upon the issues this time around.

      Trolls like my neighbor from Boulder above know they lose on this issue which is why they don't want a straight up or down vote on it and wish to change the subject as quickly as possible to something completely irrelevant to the topic at hand.

    3. Frank, Orlando says:

      So what if he has multiple vacation homes. Don't be all jealous.

    4. Thomas Gray, South, says:

      Ya know when I was a child if I wanted something and in this case it's something we need he would smile and say we'll see, and that ment no,,here the smile is 14% but the answer is no.

      tom.

      These delays are just going to make the pain that much greater as the clock tic tic tic tic tic.

    5. Thomas Gray, South, says:

      The consaquences shall be allowed if the people continue to stonewall reality.

      tom.

    6. Dave, laguna niguel, says:

      When our government calls American corporations, for which hundreds of thousands of citizens work, "BIG OIL" or "BIG TOBACCO" or "BIG PHARMACEUTICAL", it is "BIG GOVERNMENT" we need to be concerned with and put these pompous do-knothings in their place. Get "BIG GOVERNMENT" OUT of the oil business NOW. These idiots can't run the government properly much less our corporations! They will destroy our corporations just like they did social security or medicare. Everything these braindead idiots, like Nancy Pelosi, Harry Reid and Ted Kennedy touch becomes a disaster that haunts the American people, especially the tax-payers, for YEARS! The "NEW AMERICAN REVOLUTION" needs to begin immediately! Mostly to blame are the "thought controllers" in the news media, who no longer are interested in just relating what is happening, their goal is to dis republicans and uplift democrats, especially those who are closer to socialists/communists. My question is "why are we allowing this to happen?". For God's sake, half of this country is wanting to vote for an avowed communist!? A total NOBODY, with NO EXPERIENCE other than putting together 2 communist party groups, is being touted as the Mesiah!? What in the wild world of sports is goin on here?!!

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