Thursday, March 24, 2011

Jerome Stocks Expected to Recover from Gullibility Virus

Did Jerome bring up the topic of American oil reserves the last time he drove his wife's electric car to  a drum circle at a community garden to protest the pumping of fossil fuels for the production of plastic bags?

 

Excerpts from JS's blog:

I got this email earlier today, just after I drove my all electric Nissan Leaf past a bunch of gas stations advertising $4.00+ prices for a gallon of gasoline. As a side note, based on miles per Kwh and the price of electricity, I’m paying the energy equivalent of about 20 cents per gallon driving the Leaf… But back to the email below… I clicked on the various USGS links, and if this isn’t true, it’s a fantastically well done bit of fraud: Please read on…


The Bakken is the largest domestic oil discovery since Alaska ‘s Prudhoe Bay , and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable… at $107 a barrel, we’re looking at a resource base worth more than $5…3 trillion.

“When I first briefed legislators on this, you could practically see their jaws hit the floor. They had no idea..” says Terry Johnson, the Montana Legislature’s financial analyst...

However, a recent technological breakthrough has opened up the Bakken’s massive reserves….. and we now have access of up to 500 billion barrels.  And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL!
That’s enough crude to fully fuel the American economy for 2041 years straight...


They reported this stunning news:  We have more oil inside our borders, than all the other proven reserves on earth.. Here are the official estimates:  – 8-times as much oil as Saudi Arabia
- 18-times as much oil as Iraq
- 21-times as much oil as Kuwait
- 22-times as much oil as Iran
- 500-times as much oil as Yemen
- and it’s all right here in the Western United States.
HOW can this BE? HOW can we NOT BE extracting this? Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy…..WHY?...

Don’t think ‘OPEC’ will drop its price – even with this find?  Think again!  It’s all about the competitive marketplace, – it has to. Think OPEC just might be funding the environmentalists?

Got your attention yet?  Now, while you’re thinking about it, do this: Pass this along.   If you don’t take a little time to do this, then you should stifle yourself the next time you complain about gas prices – by doing NOTHING, you forfeit your right to complain. Now I just wonder what would happen in this country if every one of you sent this to every one in your address book.


Bloggers thoughts: Is it personal actions like driving a Leaf, confessing your environmental sins, supporting trendy green causes that feel good, labeling fun hobbies sustainable, participating in drum circles, selling all your automobiles, or lobbying hard for policies that have a long-term end game that gives our grandchildren a better world than our parents', that matters? Does Jerome advocate for end game policies? Does anyone?

Seeing how Jerome rarely blogs about the City of Encinitas, maybe he will write something about CEQA.


2 comments:

  1. Oh, my!

    He's quoting Porter Stansberry, the guy running "End of America" doom warnings on AM radio.

    Stansberry is an investment newsletter huckster. He promises "the ONE investment that will protect your family's wealth" if you only subscribe to his newsletter. I know someone who subscribed and it is a complete scam. The newsletter doesn't give you any great investment ideas, just more teases to subscribe to even more newsletters.

    And check out the Snopes links in the comments on Rostra.

    Also note that while there is a lot of oil in Bakken shale, it's really expensive to extract. No one will ever pull it out for $16 a barrel.

    ReplyDelete
  2. Jerome Stocks also believed the unions in 2005 when they said, give all our members a 35% increase in pensions and your muscles will grow like Arnold Schwarzenegger and chicks will did you.

    What a fool. But it does explains how he never made it through college and lives the code of a snake oil salesmen and "politician"

    ReplyDelete

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