Stopped Clock Watch At The NYeT

JustOneMinute: Oil And Gas - Not About To Pass The Baton: "Today's Times has a special section on energy.  It includes an article on oil and natural gas which utterly confounds the conventional wisdom of the left (as exemplified by Obama's campaign speech on energy in 2008).

Some snippets:

Just as it seemed that the world was running on fumes, giant oil fields were discovered off the coasts of Brazil and Africa, and Canadian oil sands projects expanded so fast, they now provide North America with more oil than Saudi Arabia. In addition, the United States has increased domestic oil production for the first time in a generation.

Meanwhile, another wave of natural gas drilling has taken off in shale rock fields across the United States, and more shale gas drilling is just beginning in Europe and Asia. Add to that an increase in liquefied natural gas export terminals around the world that connected gas, which once had to be flared off, to the world market, and gas prices have plummeted.

Energy experts now predict decades of residential and commercial power at reasonable prices. Simply put, the world of energy has once again been turned upside down."

Talk about wandering off the reservation. LOL!

And check out this energy production and consumption graphic in case you want to know what the world of U.S. energy usage really looks like.

You eat oil. Literally.