New Zealand is Actively Looking for new Petroleum Deposits while President Obama Remains in a State of Denial

Posted by PITHOCRATES - June 9th, 2012

Week in Review

Petroleum fuels the modern world.  It’s what drives our trains (at least the diesel-electric ones).  It makes our airplanes fly.  Our cars drive (the vast majority of them).  And our trucks.  For the trains and cars that don’t use petroleum the electric generating plants do use it or another fossil fuel (like coal or natural gas) to make the electricity that moves the things petroleum doesn’t.  Life as we know it couldn’t exist without petroleum oil.  Sadly, though, the leader of the world’s largest economy doesn’t like petroleum.  And his administration is working aggressively against oil.  Wherever they can they have prevented new petroleum from coming to market.  Unlike they’re doing in New Zealand (see NZ puts 23 oil and gas exploration permits up for tender posted 6/8/2012 on Share Chat).

The government department is looking for companies to explore the onshore and offshore areas from 2013. The blocks cover over 40 kilometers of offshore seabed and 3 kilometers of land in the Waikato, Taranaki, Tasman, the West Coast and Southland. Tenders close on Oct. 15.

“The blocks cover a number of petroleum basins and a variety of environmental settings and resource types to attract a range of potential explorers with different expertise and interests,” David Binnie, general manager of New Zealand Petroleum & Minerals, said in a statement.

The New Zealand government understands that petroleum fuels the modern economy.  So they are inviting companies to come to their national lands and seas to explore for petroleum.  Meanwhile President Obama is shutting down oil exploration where he can.  (And if he could on private land he would do that, too.)  He said ‘no’ to the Keystone XL Pipeline from Canada.  And he’s pouring hundreds of billions of tax dollars into green energy businesses that have a penchant for going bankrupt.  And yet the modern economy still runs on Petroleum.  What is wrong with this picture?

President Obama.

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