Our cup runneth over in natural resources

Mar 21 2012 - 2:32pm


Late on St. Patty's eve, Obama signed an executive order called "National Defense Resource Preparedness." Unlike previous versions, which began as wartime protections by FDR and was revised by Eisenhower and Clinton, Congress is bypassed and the order may be invoked during peacetime for any national emergency at the discretion of the president. Appointed secretaries of agriculture, energy, transportation, defense, commerce, interior and Homeland Security will be in charge of all U.S. assets, including food (both commercial and private), water (all navigable waterways, wells, lakes and rivers), transportation (land, sea or air), energy, infrastructure (government, corporate and private), commodities, money and people. A private security force for the executive branch plus a civilian draft are all included.

According to the Institute for Energy Research in Washington D.C,, the U.S. has 1.4 trillion recoverable bbls of oil at $125 per barrel equals $175 trillion; 2.7 quadrillion cubic feet of recoverable natural gas equals $41 trillion, and between 486 billion tons and an estimated 103 trillion tons at $90 per ton of coal, which on the low side, is another $40 trillion. Do the math and the U.S. is a veritable black gold mine. Add to that, the Great Lakes is the largest accessible fresh water source in the world, and the Ogallala Aquifer, is the largest underground water source and it looks like the leprechaun not only found the mythical pot of gold; he found a government willing to help him steal it.

Why do we only hear about the $15 trillion in debt, and not our $250 trillion in assets?

Howard Ratcliff


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