Wednesday, May 6, 2009

Lots more conventional energy found in Louisiana

While the left continues to insist we're running out of conventional energy supplies, and tries as hard as possible to make its prediction a reality by forbidding exploration and production of oil and coal, a huge new energy find in Louisiana adds to the reality that America has plenty of energy resources if we're allowed to produce them.

"Even conservative estimates suggest the Louisiana discovery -- known as the Haynesville Shale, for the dense rock formation that contains the gas -- could hold some 200 trillion cubic feet of natural gas. That's the equivalent of 33 billion barrels of oil, or 18 years' worth of current U.S. oil production. Some industry executives think the field could be several times that size."

"Huge new fields also have been found in Texas, Arkansas and Pennsylvania. One industry-backed study estimates the U.S. has more than 2,200 trillion cubic feet of gas waiting to be pumped, enough to satisfy nearly 100 years of current U.S. natural-gas demand."

Consider that the areas where the new fields have been found are some of the most picked over regions of the US in terms of exploration. If fields of this size can be found there, imagine what might be found offshore in the vast areas that have never been explored thanks to government prohibition.

Instead, we're being forced to produce extremely high cost "renewable" energy, which will cause industry to flee abroad, along with the jobs that Americans once held.

No comments: