Newt Gingrich was in Tulsa this week, sponsored by Oral Roberts University’s College Republicans. Speaking at the ORU Mabee Center, Gingrich also filmed a 28-minute video, without an audience, addressing energy in America. This is Newt speaking with half his brain tied behind his back. None of the other presidential candidates can or would, do what he did in this video, which I found at GulagBound, and which is positing that our Government doesn’t really want you to know the extent of the energy reserves we have in America. If that is the case, and with Obama in office it is deplorably possible, Newt just blew their agenda. I don’t think there is a teleprompter in sight, although he surely had notes, but this is Newt speaking directly to the people with a vast intelligence and the ability to “get it,” just innate and unique to him among all the presidential candidates.
Directly below is the Gulag-Bound lead-in article which will give you cause to ask a few questions. Below the video I have a partial transcript of it, because I can’t watch something for 28 minutes unless it’s on “the big screen,” and not be doing something. So I did something and transcribed most of it – transcription begins at 4:43 mins in. The opening is excellent information about North Dakota.
Vast U.S. Oil Reserves Kept Secret by The Powers That Be? Not by Gingrich
by Arlen Williams, GulagBound
What if the United States and Canada bore three times as much oil as Saudi Arabia?
Add that to the vast amounts of U.S. natural gas and coal reserves we know we have.
Now, what if the globalist, central bankster controllers and their tycoons and barons have known this and have intended to horde energy here, as they horde gold, for the sake of their own mega-wealth and mega-power?
Suppose they wish to keep our energy resources in reserve, so with low supply meeting high demand, they may profiteer in the present, while their surreptitious work of stealing American resources and making a colony of America itself, proceeds to its future outcome.
This is being done as we speak, via U.N. Agenda 21, its connection to triple bottom line banking and lending, White House Executive Orders, EPA regulations, and by other means.
That is a thesis which is becoming widely discussed among independent Internet journalists and researchers. Among them is William Kay, whom we interviewed not long ago. He spelled it out, then (seeÂ â€œGulag Night: Eco-Fascism in America; Guests: William Kay & Mark Musserâ€œ). More on this, soon.
But, so far, no prominent American politician has hit this subject matter on the head, though Ron Paul has nipped at it.
Now, Newt Gingrich discusses the real research data on American energy reserves and the ability for the United States to not only be energy independent but to become an energy exporter, as well. A former Speaker of the House should know this stuff, now shouldnâ€™t he? Especially if that person is the student of the world of the past, present, and future, that Gingrich is.
He explains it in this video, posted just a few days ago.
Newt Gingrich on Energy in America – speaking in Tulsa, Oklahoma (video)
Now, are we coming to understand why the bankster-globalist-tainted elitists of both the Republican and Democratic Parties, plus the Rockefellerized, Marxstream media, who do as they are indoctrinated, as they are told, and as they are controlled, hate the likes of Newt Gingrich and Sarah Palin?
Let us pray for those two.
And let us defend and support them, ourselves.
End GulagBound article.
Begin Transcript (some of the chat cut for lack of time) – all emphasis is mine:
4:43 mins in – Turns out, we may have more oil in the United States today, given new science and technology than we have actually PUMPED WORLD WIDE ince 1870. We may, in fact, by one estimate, have three times as much oil in the United States as there is in Saudi Arabia.
I’m just talking about oil, which relates directly to gasoline, but there has been a parallel revolution in natural gas. In natural gas we knew that technically, there was a lot of gas in shale, but we didn’t know how to get it out. People thought, given the amount that could be recovered, as recently as the year 2000, they thought natural gas was a declining commodity. It was a perfect of example of what has been called “peak production” or “used up over half of it.”
In fact, as recently as about 2000, people thought there was about a 7 year supply left. They were literally talking about getting liquefied natural gas out of the Middle East, putting it in giant refrigerated ships, bringing it to the U.S., unloading it here, because the chemical industry in particular, needed the gas.
All of a sudden, somebody had a really bright idea. They took a technology which had been developed for ocean drilling, because ocean platforms are really expensive, and so when you drill one rig on the ocean platform, you want it to go as many places as as you can, so they have developed really brilliant techniques for going out horizontal. They come down with one and then it goes out in every direction, and all of a sudden someone figured out, gee if you could do that with natural gas, and at the same time, if you could fracture the rock in a way by using steam and water, that you could actually get the gas to come into one collection point – you could get a lot of gas out of shale.
The net result was, we now have in shale tremendous amounts of naturalÂ gas that’s recoverable, in fact, the most recent estimate is that we may have over a 100-year supply of natural gas. Think about that. In one short decade we went from a 7-year-supply to over a 100-year-supply, because science and technology had improved so much.
Instead of us importing liquified natural gas from the Middle East, there is now serious talk that we’re going to build facilities in Houston and we are going to ship liquified natural gas to China. We will be making money exporting natural gas, when people thought we would be giving up money 10 years ago, importing natural gas.
What does this mean? It means in places like the Marcellus Shale in Western Pennsylvania, in the areas of Eastern Ohio, coming down all along the Appalachians, all the way out to Dallas, Texas, there is formation after formation after formation, and the result is not just money for Big Oil, but people who own the property, farmers. I talked several years ago to Governor Bobby JindahlÂ of Louisiana, who had just run into a farmer who had suddenly just discovered that he had natural gas on his farm, and he had been given an amazingly big check by the natural gas company. He was very happy to find out that he had a better income, he was going to get royalties and therefore the local economy around Shreveport was really beginning to grow.
Now, I give you that background because these new sciences, these new technologies and the entrepreneurs who use them, are giving us dramatic new opportunities. This really matters for some very practical reasons.
First of all, since the 1970′s we’ve know that the Arab states and Iran combined have dominated oil production and have used their leverage to raise the cost of oil and to bring political pressure on Americans and Europeans. I want to get to a point where we produce so much oil in the U.S. that no American president will ever again bow to a Saudi King.
It’s time we tell the Saudis the truth. We know that they are the largest funders of schools called madrasses which teach hate. We know that they spend several Billions of dollars a year exporting a very, very extreme version of Islam called Wahabbism. We know that they are not straight with us, and up to now, our presidents have been too cautions…oh gee, I don’t want to offend the Saudis. I don’t want them to do something with their oil supply.
Well, we have an opportunity now to turn that around. We have an opportunity to build up the American oil supply, the American natural gas supply, so we can tell the Saudis the truth, so that we can deal with them from a position of strength, so that we can no longer worry about the Persian Gulf. At that point, if the Iranians want to do something in the Strait of Hormuz, maybe the Chinese have a problem or the Indians, or the Europeans, but I’m not sure at that point Americans will have a problem, if we become once again what were were in World War II – the leading producer of oil in the World.
There is at least one study already out, that says by 2017, if we do the right things, we will produce more oil than either Russia or Saudi Arabia, and we will regain, by the end of the decade, being the leading producer of oil in the World.
What I want to do is accelerate that for a couple of reasons: first to get this economy back on track. If you had $500 BILLION a year that was not going overseas, that was paying royalties in the U.S., paying land owners, paying people to go out and develop the oil, paying pipeline builders, we would have a suddenly booming economy right here at home.
Second reason: every time gas prices go up, it is the equivalent of a tax hike on working Americans. Think about it. You go to the gas station. If you are paying $4 a gallon, you have a lot less money left each week than if you are paying $2.50 a gallon. Now $2.50 may sound like it’s an impossible number. That’s baloney.
When I was Speaker of the House we paid $1.13 on average in the four years I was Speaker. When Barack Obama became President, we paid $1.89 that week. The Obama administration is so anti-oil, so anti-gas, so anti-fossile fuels in general, including coal, that their basic view is, if we have lots it, they don’t want it. They are prepared to do almost anything to stop the development of these kind of programs.
You may think I’m exaggerating. Let me give you an example: in North Dakota where developments are on private land, where the Liberals have not been able to stop them, the Obama U.S. Attorney for North Dakota, filed a lawsuit because 8 migratory birds have been found dead near oil fields.
Think about this. Thousands of migratory birds are killed every year by wind turbines, but wind turbines are one of President Obama’s favorite alternative fuels – they are green, although what they are doing may not be good. I happen to think that wind is a legitimate source of energy. I’ve noticed often, for example, that Iowa produces twenty percent of its electricity from wind, the second largest producer in the world after Denmark, so I’m not anti-wind, but it’s fascinating – the selective prosecution of oil companies over 8 birds because the ideological radicals in the Obama administration so deeply dislike using oil.
We have the same challenge with the way we now fracture rock, called fracking. The Obama administration has literally assembled multiple agencies to hold workshops to try to figure out how to stop it. It’s as though anything that succeeds, anything that enables Americans to have a better life, with more income, with a less expensive energy, is somehow bad.
To show you how far this has gone, even though we have today the highest price average cost of gasoline in history…that’s right, President Obama has taken us from $1.89 to the most expensive gasoline on average that we’ve ever had.
They are still not satisfied. The Environmental Protection Agency under President Obama has a proposal for a brand new regulation that would on average raise the cost of gasoline another 25 cents. That’s still not enough. Secretary of Energy Chu (Secretary of Anti-Energy), said before becoming Secretary, he really wanted American gasoline prices to reach the European level. That would be $9 a gallon.
You have to be somebody who doesn’t understand America if you think the people who live in a state like Montana or Washington State, Idaho, Minnesota – for that matter, Michigan. Look at the distance you drive from Detroit to go to Mackinac Island, or to go to the Upper Penninsula. Look at the distance you drive in Arizona, or in my home state of Georgia, the largest state east of the Mississippi. The distance from Atlanta to Sea Island or the distance from Albany up to north Georgia to Dalton.
A lot of academic Liberals, and Doctor Chu was one of them, who live on a nice campus, maybe bicycle to their lab – they have no idea how the average american works. Frankly, he has a good case for abolishing the Department of Energy. We’ve had one since Jimmy Carter created it after the oil shock – it doesn’t work very well. It hurts the entire process of finding energy. With investments like Solyndra, it is open to charges of corruption. We would be much better off to abolish the Department of Energy and create the right rules and the right approaches.
Here are examples of what I mean by that: Under President Obama, because he is so anti-American energy, we have actually had a 40% reduction in development of oil off-shore, and we’ve had a 40% reduction in the development of oil on Federal lands. This is the exact opposite of what we should have been doing.
What we should do and what I will do as your President, I will authorize the development of offshore, as long as it is far enough out that it is not visible, and not a threat to tourism or to fisheries. I will authorize the development of federal lands that are appropriate.
We, the American people own 86% of Nevada – an area 40% the size of Texas, and mining is the second largest employer. If the Federal Government were more willing to open up parts of Nevada, we’d have a lot more jobs.
We own 69% of Alaska. Alaska is twice the size of Texas. That means we own one-and-a-half Texases. So you could offer the environmentalists half of Texas, 125,000 square miles. They could take National Parks, polar bear areas, walrus areas, glaciers – an area half the size of Texas. That would leave us for development, looking for oil for gas for coal, for minerals, an area literally the size of Texas, that is currently undeveloped.
When I suggest to you, with the new technologies, with the new ability to have very sophisticated seismic exploration to target where the reservoirs of oil and gas are, with the ability to go out in a very sopisticated efficient methods of finding them, we could have an explosion of new energy, new sources and new capacity.
There is no reason we can’t set 4 goals:
1)Â We can become energy independent for national security reasons,
2) Develop enough new energy here at home that will create well over a million jobs in the next few years, high-paying jobs, very useful jobs, jobs which by the way increase our manufacturing base, who’s much of energy production requires manufactured products in order to drill, to process, to transport,
3) Vy using Federal property and by allowing offshore development on federally controlled waters, we get paid a royalty. One of the leading experts on North Dakota has suggested that over the next generation, we might have $18 TRILLION, not Billion, $18 TRILLION in royalties, that we could gather for the federal government with no tax increases.
4) To accelerate that, I propose the following tax changes: We go to zero capital gains taxes so hundreds of Billions of dollars pour into the United States to enable us to have new investment, new factories, new exploration, new companies. I suggest a 1.5% corporate tax rate which will liberate about $700 BILLION overseas profits, to bring them back home to be reinvested, and to allow our companies to compete everywhere in the world. I propose that we abolish the death tax permanently, so that we are in a position where family businessess could focus on job creation, and on being successful and not on hiding from the IRS.
I’ve proposed that we have 100% expensing, and what that means is, when you invest in new equipment, you can write it off in one year. That’s really important, because if we are going to go out and find new oil, and we are going to move the oil with pipelines, we could make it very desirable to develop energy in America and to develop manufacturing in America, so that energy companies will be buying from American manufacturers, and we would have rebuilt our machine tool industry and rebuild our industry that supplies goods and services.
I was in a company that develops forklifts, Extreme Manufacturing in Las Vegas, Nevada, and they were looking forward to the Keystone Pipeline. They were building the forklifts in Nevada that would be used to build the pipeline. There are jobs all over the country fitting back into this re-emergence.
I guarantee you, as your President, on the very first day, I will sign an Executive Order approving the Keystone Pipeline so that oil can come from Canada, through the United States to Houston, Galveston. We will have 30,000 – 50,000 new jobs building the pipeline and for the next 50 years, we will have people working to maintain the pipeline. We will have people working to process and refine the oil products and ship them out of the ports of Galveston and Houston. It is a win-win program.
I am dedicated to making sure that the Canadians do not have to have a partnership with China, to build a pipeline due West across the Rockies. I want them to have the less expensive, more effective, and more pro-American pipeline that comes right down to Houston and enables us to make money with our Canadian neighbors in a way that is positive for both countries, and that helps increase our National security.
These are very practical steps we can take: a President who is willing to replace the EPA with a brand new Environmental Solutions Agency dedicated to common sense, to science and technology, to innovation and to being economically rational. A President dedicated to opening up offshore so that we can develop a maximun of American oil and gas right here at home. A President willing to use Federal lands, where appropriate, not National Parks, not areas of great beauty. We have millions of acres that we can allow to be developed in a way that will be good for America, good for our economy, good for our National security.
A deliberate strategy to bring down the price of gasoline to two $2.50 a gallon, or less, so that you can afford to buy the kind of car that you want, and remember, once we prove that there is no “peak oil,” once we prove there is there is a huge volumn of energy out there that we can develop if we are willing to do it, there is no reason to have cafe standards. Cafe standards were developed for automobiles as a response to the Arab embargo in the 1970′s, but if we are going to produce plenty of energy, let the American people buy the car or truck they want. We don’t need this meddlesome Washington bureaucracy and Washington politicians, dictating to the rest of us what we should do and how we should live. If people go to work, pay their taxes, and it’s their take-home pay, it ought to be their decision. They should have the freedom to drive what they want to drive and the freedom to enjoy the things they want to enjoy…If we eliminate the cafe standards, all of our auto companies are going to be healthier over night. The American people who replied to earlier bureaucratic meddling by moving from full-sized cars when they were outlawed, to trucks. The effect wasn’t to have us go to smaller vehicles. It just shifted us out of cars and into trucks.
Americans are proud of their right to choose the way they want to live….
Finally, if we do all this, the amount of money we are going to generate is going to enable us to move toward a balanced budget- if we control spending, if we modernize the Federal Government, if we adopt anti-fraud procedures, if we abolish a couple of Departments, if we take the Tenth Amendment Project that Governor Rick Perry has agreed to head, if we return power back home to state and local government – those things will enable us to move towards a balanced budget.
I know this can be done, because when I was Speaker of the House, I worked with President Bill Clinton and we passed the 1997 Balanced Budget Act, and out of that came 4 consecutive balanced budgets. We paid off $405 BILLION of debt. When I look at the scale of the Obama deficits, the amount of money he’s throwing away, the wasteful use of his credit card, I know that we can do better.
I know that if we open up American energy – think about the things that happen simultaneously. We get a lot more jobs – that’s people who come off of unemployment, they come off of food stamps, they come off of welfare, they come off of public housing, off of Medicaid – all that saves us money and they go to work taking care of their family and paying taxes. Government revenue goes up. Government expenses go down.
When developed, companies will make more profits, so they are going to pay more tax back to the Government, and I know the royalties we will get from Fedeal land and from offshore developments will pour in by the BILLIONS. If the estimates from North Dakota are right, they could literally be pouring in at the rate of a HUNDRED BILLION DOLLARS or more in increased royalties, without a tax increase.
There are a lot of positive things that can come, all simultaneously.
As a National Security matter, it allows us to say to the oil developing dictators, whether they are Venezuela, Saudi Arabia, Iran…we will stand on our own two feet. The United States is not going to bow to anybody. We are not going to be blackmailed by anybody, and as we get to a balanced budget, we will start paying down our debt, paying off the Chinese-held bonds, so that we become truly, once again, independent – and not have to deal with the kind of pressure you might have to deal with because someone is holding on to your oil, or holding onto your U.S. Treasury Notes. Either one is a form of leverage over us, and weakens us…
America works best when America is working. We are not a country of food stamps or welfare. We are a country of the work ethic, of the job, of take home pay, of opening up our own business…A lot of folks in the establishment will say it is unrealistic – the same people who said to President Reagan, when he said we could defeat the Soviet Empire, now be reasonable. The same people who, when both as Governor and President Reagan said, we will cut taxes and create jobs, they said that’s voodoo economics. Well, he created 16 Million new jobs during his presidency.
I came back applying the same things in 1994, the Contract with America, and people said that’s unrealistic. You cannot gain control of the House. That’s not realistic. No one has done that for 40 years. You can’t balance the budget. You can’t reform welfare.
Guess what? Because we had positive ideas that were real, we had the largest one-party increase in American history. Nine Million additional votes over 1990, went to the Republican side – a million fewer votes to the Democratic side. We won control for the first time in 40 years! We kept our word. We passed welfare reform. Two out of three people went to work or went to school. Incomes went up. We had fewer children in poverty, because the parents were working and had a better future. We passed the largest Capital Gains tax cut in history. Unemployment dropped to 4.2% – 11 Million new jobs.
If you have courage and faith, if you have the right principles, and you have the right facts, you can develop the right policies. Even if it scares the Washington establishment, even if Liberals don’t like it, even if the New York Times editorial writers say “you can’t do this,” – how can you have all that new energy, how can you LET the American people buy the kind of car they want, how can you lower the price of gasoline to $2.50? My answer is, we are Americans and Americans do what needs to get done. We’ve had a long history as a people of doing great things together. I believe we can have an energy future together – better quality of life, better national security and take a big step toward balancing the Federal budget.
End transcript.Â Go to Newt.org for more.
In the meantime, remember what Senator Jim DeMint said: Don’t Compromise. Have Courage.