Monday, September 2, 2024

Restoring Oil and Gas 9-3-24

Oil and Natural Gas drilling needs to be restored on Federal Land. Pipelines need to be completed to provide safer and cheaper transportation costs. The price of gasoline needs to return to $2 per gallon. This should be achieved by increasing US Oil production by 7 million bbd to reach the 20 million bbd we currently consume. We need to export natural gas to our allies to lower our Trade Deficit. 

Thanks to the shale oil boom, the US is now sitting on more oil reserves than Russia, which estimates as having 256 billion barrels of untapped oil. The next-richest countries in terms of oil after that are: Saud Arabia (212 billion), Canada (167 billion), Iran (143 billion) and Brazil (120 billion).

Wind turbines: Wind turbines can convert between 60% and 90% of the energy they harness from wind into usable electrical energy. A single wind turbine can generate the same amount of electricity in kWh compared to thousands of solar panels. Wind power is more efficient, but it is not easy to capitalize on wind power, whereas utilizing solar power is much easier. 

Solar panels: The most efficient residential solar panel can convert 20% of energy harnessed from the sun. Typical solar panel efficiencies ranges from 15% to 23% for residential systems while more costly solar panel systems can be as high as 40% to 50%. Monocrystalline solar panels are the most common type and considered to be the best option available, followed by polycrystalline and thin-film solar panels. 

https://www.google.com/search?q=how+efficiently+is+electricity+stored+from+wind+and+solar+panels

Norb Leahy, Dunwoody GA Tea Party Leader

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