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Thursday, June 2, 2011

From PowerLine: Fossil Fuels Are the Future

That's about all I need to know -- link here for Part I and link here for Part II
You can imagine a world in which energy sources like solar, wind and biomass are the best and most efficient available. But here on planet Earth, fossil fuels are our best source of energy. Happily, as a recent Congressional Research Service report concluded, the country that has the largest total fossil fuel resources is not Russia or Saudi Arabia. It is the United States. In fact, the United States and the world have plenty of petroleum and coal to last more or less forever at what would be--absent atrocious government policies--declining prices.
 From Part II:
Oil production in Canada, the largest supplier to the United States, is forecast to jump 68 percent to 4.7 million barrels per day by 2025....
The rise in production from 2.8 billion barrels in 2010, largely in the Athabasca oil sands of Western Canada, reflects an improved investment climate, more robust commodity prices and increased market demand, the association said.

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