Tag: North Dakota

Welcome to Marxism 101 America. ObamaCare punishes those who had insurance

Donald Douglas has a link to a WSJ piece that looks into the truth about how bad ObamaCare REALLY is. Odd isn’t it the “Affordable Care act” is proving to be anything but affordable, or Americans or America. Even odder, perhaps, is that this bill shows how little Democrats “care” about working Americans.

Another essential analysis, at the Wall Street Journal, “ObamaCare’s Plans Are Worse“:

Liberals justify [ObamaCare’s] coercive cross-subsidies as necessary to finance coverage for the uninsured and those with pre-existing conditions. But government usually helps the less fortunate honestly by raising taxes to fund programs. In summer 2009, Senate Democrats put out such a bill, and the $1.6 trillion sticker shock led them to hide the transfers by forcing people to buy overpriced products.

This political mugging is especially unfair to the people whose plans on the current individual market are being taken away. The majority of these consumers are self-employed or small-business owners. They’re middle class, rarely affluent. They took responsibility for their care without government aid, and unlike people in the job-based system, they paid with after-tax dollars.

Now they’re being punished for the crime of not subsidizing ObamaCare, even though the individual market was never as dysfunctional or high cost as liberals claim. In 2012, average U.S. individual premiums were $190, ranging from a low of $123 in North Dakota to a high of $385 in Massachusetts. Average premiums for family plans fell that year by 0.5% to $412.

Those numbers come from the 13,000 different policies from 180 insurers sold on eHealthInsurance.com, the online shopping brokerage that works. (Technological wonders never cease.) Individuals can make the trade-offs between costs and benefits for themselves. This wide variety is proof that humans don’t all want or need the same thing. If they did, there would be no need for a market and government could satisfy everybody.

That is precisely what the Obama health planners believe they can do. Regulators mandated a very rich level of “essential” health benefits that all plans in the individual market must cover, regardless of cost. This year eHealth reported that its data show individual premiums must be 47% higher than the old average to fund the new categories in the individual market.

The ugly face of Marxism has begun to show itself hasn’t it? The promise of ObamaCare is far removed from the reality of ObamaCare. But that is true of all promises made in the name of Marxism. That anyone would still defend this gargantuan power grab is inconceivable, unless you accept the truth about those people. They are Marxists, or are blindly supporting Marxism out of sheer ignorance. Even though they see the train coming, they refuse to accept that it is, indeed, a train.

 

North Dakota Set To Ban Abortions At Six Weeks Of Pregnancy

North Dakota Set To Ban Abortions At Six Weeks Of Pregnancy – New American

The North Dakota legislature has passed a pair of bills that, if signed by Republican Governor Jack Dalrymple, will give the state the most restrictive abortion ban in the nation. On March 15 the state senate gave its final approval to a bill that would ban most abortions after the sixth week of pregnancy, as well as another measure prohibiting a woman from having an abortion because of indications her pre-born baby has a genetic defect such as Down syndrome. The bill would also ban abortions based on sex selection.

Passage of the measures comes just a week after Arkansas Governor Mike Beebe signed legislation banning abortion in that state after 12 weeks of pregnancy, a law that is slated to go into effect this summer. North Dakota Gov. Dalrymple is expected to announce his intentions on the abortion bills within days.

Proponents of the bills said the goal is to challenge the Supreme Court’s 1973 Roe v. Wade ruling that effectively legalized abortion throughout the United States at up to 22-24 weeks of pregnancy. The pro-life North Dakota Family Alliance Action explained that the purpose of the Heartbeat Bill (HB 1456) is to stop abortion if an unborn child has a detectable heartbeat. “We all know the significance of a beating heart,” the group said in a statement. “We may have witnessed the loss of a loved one being cared for in a hospital, one moment hearing the presence of the heartbeat via the heart monitoring machine, the next moment experiencing the deafening silence of a heart beating no more. The heartbeat offers an undeniable truth about life… Just as we protect life, a living being, until that heart stops beating, no matter the age, we must afford that same protection when that heartbeat becomes detectable in the unborn.”

The group told LifeNews.com that the “issue of abortion may become complex at times, and obviously has for many years – as we have witnessed the discussion and debate. But the issue becomes very simple, if we go back to a very foundational truth – that we as a people, as a government, are to secure and protect the right of life.”

As for the genetic abnormalities/sex selection bill, Republican State Senator Margaret Sitte, one of the measure’s cosponsors, said it is meant to ban the destruction of life based on “an arbitrary society standard of being good enough.” Pro-life leaders noted that the tests doctors use to reveal fetal abnormalities are often inaccurate, and many babies that medical authorities recommended be aborted have been born normal. Regardless of the results, pro-life leaders emphasize, every baby deserves the God-given gift of life.

Pro-abortion groups have promised a legal battle over the bills should Dalrymple sign them, with ACLU executive director Anthony Romero calling the measures, which would ban almost all abortions in the state, “extreme.” Romero insisted that “in America, no woman, no matter where she lives, should be denied the ability to make this deeply personal decision.”

Jennifer Dalven of the ACLU’s pro-abortion Reproductive Freedom Project said that her group was urging Dalrymple “to veto all of these bills to ensure that this personal and private decision can be made by a woman and her family, not politicians sitting in the Capitol.”

The Center for Reproductive Rights noted that the imposition of a six-week ban would mean that many women would be prohibited from seeking an abortion even before they know they are pregnant. “The passage of this law is nothing short of a frontal assault on the U.S. Constitution, 40 years of Supreme Court precedent, and the health and fundamental rights of women,” said the abortion group’s president Nancy Northrup.

Similarly, Sarah Stoesz of abortion giant Planned Parenthood’s North Dakota franchise said that in passing the restrictive laws “politicians in North Dakota have proven their disregard for a woman’s personal medical decision-making.” She was joined by the national CEO of the abortion business, Cecile Richards, who declared that such abortion restrictions “are outrageous and unconstitutional and they will not stand. The state-by-state race to the bottom on women’s health is not what Americans elected their lawmakers to focus on. A majority of Americans consistently believe that abortion should remain safe and legal in this country.”

Even some pro-life groups oppose such restrictive laws, pointing out that in the present judicial climate they are likely to be overturned, making it increasingly difficult to mount an effective battle to overturn Roe v. Wade. Some state officials also warned that a court challenge would represent a considerable expense to the state, with the likelihood of an eventual loss. Nonetheless, State Representative Bette Grande, who introduced both bills in the House, said that concerns over a legal challenge shouldn’t stop the state from doing everything it its power to protect the unborn at every phase of development. “Whether this is challenged in court is entirely up to the abortion industry,” Grande told lawmakers prior to passage of the Heartbeat bill. “Given the lucrative nature of abortion, it is likely that any statute that reduces the number of customers will be challenged by the industry.”

Among the pro-life leaders commending the North Dakota legislature for protecting the unborn was Dr. Charmaine Yoest of Americans United for Life, who applauded the legislature’s passage of the genetic defects/sex selection abortion ban. “A civil society does not discriminate against people – born and unborn – for their sex or for disability,” said Yoest in a statement. “We should be celebrating diversity, not destroying it.” Yoest noted that “women in particular have been targeted for death in the womb, and we’ve also seen dramatic abortion rates for children with disabilities which put them at risk for extinction. The legislators in North Dakota have shown courageous humanity in passing this legislation.”

The Christian Post noted that one issue not clarified by the Heartbeat bill “is how doctors will detect fetal heartbeats. Those found guilty of performing an abortion after a fetus develops a heartbeat could face up to five years in prison and a $5,000 fine, though mothers would not face charges.”

State data shows that in 2011 North Dakota recorded 1,247 abortions. If Dalrymple signs the bills into law, more than 75 percent of all abortions would disappear, according to a spokesperson for the Planned Parenthood-aligned Guttmacher Institute, which studies abortion trends across the nation.

Click HERE For Rest Of Story

Personhood Is Given Life In North Dakota And May Mark End Of Abortion

Personhood Is Given Life In North Dakota And May Mark End Of Abortion – Clash Daily

History may mark February 7th as the day that Personhood for the unborn was established. This is the day that provided the unborn at conception the God given right to life bestowed upon all since the beginning of creation. This is a significant step in the continuing evolution of sanctioning the protection of life which has been riddled by abortion rights activists since the infamous 1973 Roe v. Wade U.S. Supreme Court decision.

For forty years, 55 million plus of the unborn who committed no crime except to be conceived in God’s image have been murdered. This was accomplished because of a court and society that would protect a tree frog’s existence above a human life.

These murders may soon be put to a stop with the North Dakota Personhood Measure that passed in the State Senate.

Often times in the history of monumental movements, they have their genesis in the hearts and souls of the faithful who are unwilling to witness or permit the undoing of basic rights. The aptly named Personhood Constitutional Amendment initiative would codify the constitutional protections and absolute rights afforded all citizens of North Dakota and equally apply them to human embryos.

This is not just a momentary battle that supporters of life will wait to see what will happen in North Dakota’s House. The fact is that, in North Dakota as well as other states that are considering Personhood laws; the war for life should and can be won on the local battleground of state turf. These legislators, unlike their federal congressional counterparts, are not afraid to stand up to protect their religious values and principles, under the heat of unceasing liberal mass media contempt.

At the very core of the right to life is the imbalance that exists in continuing to treat the right to exist and to be born as incidental and given no more value than extinguishing the life of a common earth worm. The rights of the mother is given weight not as the carrier of life, but the right to her privacy to do as she pleases, which includes state sanctioned murder.

Yet for forty years there have been the growing, tearful cries of fathers who will never be, and mothers who are now filled with regret because of abortion. Their mournful regret is coupled with birthrights of the unborn, sheared away by abortion clinics.

Ending this ugly practice of legalized murder by the state is not just a North Dakota phenomenon. Just last year, several states, including Virginia and Oklahoma entertained personhood measures that stated life begins at conception, and not when liberal judges and abortion advocates determine it to be.

North Dakota has made great progress in helping to move abortion out of the state, where only one abortion clinic still remains in the city of Fargo. With passage in the state house and acceptance by the voters in 2014, this can be the rightful springboard for other states to be more emboldened to protect the right to life over the inconvenience of a mother who is carrying life.

Consider the implication that this will have for millions of babies who can now be born and no longer be considered disposable lives. The principles of life and the value of human life can be front and center in American society. The glory of biblical teachings that God put into place in the hearts of mankind can be honored and respected.

Genesis 1: 27 ”So God created man in his own image, in the image of God he created him; male and female he created them.”

So, get involved in your state and follow North Dakota’s example. Encourage and support those state legislators that are not afraid to introduce, support and pass these Personhood measures.

Each law passed will accomplish the same goal that the North Dakota measure so carefully and clearly specifies, that: “The inalienable right to life of every human being at any stage of development must be recognized and defended.”

This must be the oath to protect the unborn… so help us God!

Click HERE For Rest Of Story

Your Stuck on Stoopit Moment of the Day

Via The Blaze

Calling into the Y94 Morning Playhouse radio show, Fargo-area resident “Donna” aired her frustrations about a number of deer-related car accidents she has been involved in recently – three to be exact.

“My frustration is that, Minnesota and North Dakota Departments of Transportation would allow these deer crossing in such high traffic areas. I mean, I’ve even seen them on the interstate,” Donna began.

“Why are we encouraging deer to cross at the interstate? I don’t get it,” Donna said to two stunned radio hosts.

We don’t get it either.

But it get’s worse. As she goes on, one has to wonder — Can this lady possibly be serious?

“I mean, I understand that deers are animals and they need to travel across the streets occasionally to survive and of course to find food but it seems to me… so irresponsible of us to allow these deer crossings to be in areas where these deer are so likely to be struck by oncoming traffic. Wouldn’t you agree?”

Good Freaking Grief. This is funny, but, how many gun control zealots sound just as foolish as she does. Some people really think the government can solve any problem just by passing a law.

 

North Dakota Woman Marries… Herself

Fargo Woman ‘Marries’ Herself In Symbolic Ceremony – Detroit Lakes

Nadine Schweigert says her wedding went so perfectly that it left her in awe.

The bride wore a long, satiny dress in peacock blue and carried a cluster of white roses. Schweigert’s best friend stood up for her. After the ceremony, guests enjoyed white wedding cake enrobed in peacock-blue fondant and New Orleans-style king cake.

The affair was missing just one, teensy detail: a groom.

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In a purely symbolic ceremony, the 36-year-old “married” herself before a crowd of 45 friends and family members Saturday at Ecce Gallery in Fargo.

During the observance, the Fargo woman read her vows: “I, Nadine, promise to enjoy inhabiting my own life and to relish a lifelong love affair with my beautiful self.” She presented herself with a ring and invited all guests to “blow kisses to the whole world” at the point of the traditional, bride-groom lip-lock.

“I’m very proud of it, and I feel very good about it,” says Schweigert, who works at Swanson’s Health and teaches yoga. “I’m so glad I did it.”

Schweigert views the secular ceremony as a public pronouncement that she has learned to love and accept herself as she is.

That hasn’t always been the case. The divorced mother of three says she struggled for years with self-acceptance, attending therapy groups and studying books like Melody Beattie’s “Codependent No More.”

“I was waiting for someone to come along and make me happy,” she says. “At some point, a friend said, ‘Why do you need someone to marry you to be happy? Marry yourself.’”

The concept is unconventional, but not unheard of. New Age websites such as Encouraging Priestess share ideas on how to perform secular, self-marriage ceremonies. And “Glee’s” own Sue Sylvester famously sported her red tracksuit to marry herself in 2010.

Still, when Schweigert first mentioned the idea a year ago, she was discouraged by several female friends who thought it was weird. Disheartened, she put the idea on hold.

Months passed and Schweigert found herself lamenting the loss of a relationship. Once again, she says, the idea of her own wedding re-surfaced.

“It was just one of those things where you get an idea, and you know you just have to do it,” she says.

Schweigert’s 11-year-old son also didn’t like the idea.

“Initially his response was to put his hand on my shoulder. He said, ‘I love you, but I’m embarrassed for you right now and I’m not coming,’ ” she says.

In time, her son came around and even got involved in wedding plans. He was there for her one-sided nuptials.

The majority of her friends have been more enthusiastic. Two friends baked cakes, another friend officiated and many others presented readings.

“I was discerning about who I shared it with,” she says. “Most people were very accepting and cool, because they love me and they know I’m odd by nature.”

Schweigert’s parents are “very in-the-box” people who live in Enderlin, N.D., she says. But they were “silently supportive” and presented her with a special album of photos for her big day.

Nadine’s mom, Charlotte Schweigert, says a self-marriage ceremony fit her daughter perfectly. “She always did her own thing. That was Nadine,” she says. “Everything in this younger generation – nothing surprises me anymore.”

Charlotte and Darrel Schweigert had never heard of this type of ceremony but attended to support their daughter.

“We just sort of watched and wanted to know what it was all about,” Charlotte says. “That’s all that counts, as long as she’s happy.”

Now, with her wedding day behind her, Schweigert did what most newlyweds do: She’s honeymooning, having left for New Orleans on Thursday.

“I’m just a unique, awesome person who doesn’t fit anyone’s mold or ideal, and I hope you’re OK with that,” she says. “And if you’re not, that’s OK, too.”

Click HERE For Rest Of Story

Bill Quick: Is this any way to select a nominee?

Quick,who really should link me every once in a while, notes the lack of common sense in the way the GOP conducts business

His Newtness and His 176,000 Donors : The Other McCain

It’s Friday night and the Missouri caucuses are Saturday. Newt Gingrich isn’t even on the ballot in Missouri, which will award 52 delegates. There was a Missouri primary in February but, because of legislative hassles, that vote was officially “non-binding.” However, Rick Santorum won that primary with 55 percent of the vote — nearly a 30-point margin over Mitt Romney — and today’s caucuses will certainly ratify Santorum’s victory.

Think about that. They had a primary – which didn’t count, but was hugely covered by the media. Now they’re having a caucus. At some point actual delegates will be actually awarded.  Probably.

Why should you trust the GOP to run a government? They can’t even design a sane primary process.

Yep, sad state of affairs, it really is. As a side note Stacy McCain notes that Santorum is set to gain more momentum

My point is that Santorum is about to put another one in the “W” column, the seventh state he will have won this month: Tennessee, Oklahoma and North Dakota on March 6, Kansas on March 10, Alabama and Mississippi on Tuesday, and now Missouri.

It’s important to say this, because none of the reporters, analysts or commentators on Fox News are going to tell you that Santorum’s on a winning streak, because they are indeed biased against him.

I will say that Fox News has not been unbiased in this race, nor were they in 2008 in my view. Frankly, I think ratings means more to them than being “fair and balanced” at least in this race.

Union Thugs Hurl Racist Slurs And Hang Stuffed Monkeys At Sugar Plant Protest

Union Thugs Hurl Racist Slurs And Hang Stuffed Monkeys At Sugar Plant Protest – Gateway Pundit

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Locked out AFL-CIO union members in North Dakota are using racist slurs and hanging stuffed monkeys from a noose outside the American Crystal Sugar plant in North Dakota.

Chron.com reported:

Police say union supporters have directed racial slurs and racist symbols at replacement workers and security personnel outside an American Crystal Sugar plant in North Dakota.

Traill County Sheriff Mike Crocker says there have been racial statements made to security people outside of the company’s Hillsboro facility. He says he recently saw a monkey-like figure hanging from a noose attached to a large inflatable rat outside the plant. He says it was removed the next day.

The Grand Forks Herald reported Tuesday (http://bit.ly/oQfZWj) that many of the replacement workers are from Southern states, and some are minorities.

Union representative Mark Froemke calls the behavior “totally unacceptable” and says the union will not tolerate racism.

Click HERE For Rest Of Story

A closer look at Texas jobs

Texas Governor Rick Perry
Image via Wikipedia

A new poll by Rasmussen has Rick Perry surpassing both Mitt Romney and Michele Bachman among likely Republican primary voters. With news like this, expect the Left to ramp up their attacks on Perry.

Texas Governor Rick Perry, the new face in the race for the 2012 Republican presidential nomination, has jumped to a double-digit lead over Mitt Romney and Michele Bachman with the other announced candidates trailing even further behind.

The latest Rasmussen Reports national telephone survey of Likely Republican Primary voters, taken Monday night, finds Perry with 29% support. Romney, the former Massachusetts governor who ran unsuccessfully for the GOP presidential nomination in 2008, earns 18% of the vote, while Bachman, the Minnesota congresswoman who won the high-profile Ames Straw Poll in Iowa on Saturday, picks up 13%.

Whoever the GOP front-runner is, the Left will attack them in a manner that will be vicious and likely full of half-truths, lies, and that will set a new low in smear campaigns. And since Perry’s strength, as well as Obama’s weakness is jobs, expect the Left to continue to attempt to discredit Perry’s record as Texas governor. It is important therefore, to set the record straight, and shine the light of truth on Perry’s record AND the attacks on that record.

At Political Math, there is a good piece that digs deep into the numbers.

I knew that Utah had a lower unemployment rate than Texas and I kept hearing that Texas was go great at jobs, blah, blah, blah, so I looked up the unemployment rate.

Nothing special.

So I was going to drive my point home that Texas was nothing special by looking at their raw employment numbers and reporting on those. That’s when I saw this:

This may not look like anything special, but I’ve been looking closely at employment data for a couple years now and I’ve become very accustomed to seeing data that looks like this.

In a “normal” employment data set, we can easily look at it and say “Yep, that’s where the recession happened. Sucks to be us.” But not with Texas. With Texas, we say “Damn. Looks like they’ve recovered already.”

(To get to this data, go to this linhttp://data.bls.gov/cgi-bin/dsrv?la then select the state or states you want, the select “Statewide”, then select the states again, then select the metrics you want to see.)

But if Texas has so many jobs, why do they have such a high unemployment rate? Let’s take a closer look at that data.

As a percentage of the number of pre-recession jobs, here is a chart of the growth of a selection of states. (For clarity, in this chart I selected a number of the largest states and tried to focus on states that have relatively good economic reputations. I did not chart all 50 states b/c it would have taken me too long.)

We can see that Texas has grown the fastest, having increased jobs by 2.2% since the recession started. I want to take a moment and point out that second place is held by North Dakota. I added North Dakota to my list of states  to show something very important. North Dakota currently has the lowest unemployment rate of any state at 3.2%. And yet Texas is adding jobs at a faster rate than North Dakota. How can this be?

The reason is that people are flocking to Texas in massive numbers. Starting at the beginning of the recession (December 2007), let’s look at how this set of states have grown in their labor force.

s a relAs you can see, Texas isn’t just the fastest growing… it’s growing over twice as fast as the second fastest state and three times as fast as the third. Given that Texas is (to borrow a technical term) f***ing huge, this growth is incredible.

People are flocking to Texas in massive numbers. This is speculative, but it *seems* that people are moving to Texas looking for jobs rather than moving to Texas for a job they already have lined up. This would explain why Texas is adding jobs faster than any other state but still has a relatively high unemployment rate.

Go read the rest, it blows the Liberal talking points out of the water with the facts! The most popular Liberal lie will likely be that the jobs created are all “low paying jobs”, but Shapiro disproves that easily. He also lays bare the lies about “unsustainable public-sector jobs. Go, read it all. Pass it around. 

Welcome to the blogroll!

Randy’s Roundtable, is a new addition to the blogroll. Fine blogging going on over there, and here is an example, Energy Independence

1. Stop buying from the enemies, just quit. It will bankrupt the Mullah’s in no time.(we can’t make up for the shortfall is a liberal/enviro nut lie.)
2. Open the U.S. spigots. Alaska, Wyoming, North Dakota, Texas, Offshore.
3. Build a damn refinery, 1976 was the last one.
4. Nuke up.
Some agree.
My state has plenty.
Its time to make the Mid East irrelevant.

I love it! Just apply some common sense, and presto!! Now if only our leaders had that much common sense!

Daily Benefactor News – New Drilling Method Opens Vast Oil Fields In U.S.

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New Drilling Method Opens Vast Oil Fields In U.S. – Houston Chronicle

A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic crude production caused by the Democrat party.

Companies are investing billions of dollars to get at oil deposits scattered across North Dakota, Colorado, Texas and California. By 2015, oil executives and analysts say, the new fields could yield as much as 2 million barrels of oil a day – more than the entire Gulf of Mexico produces now.

This new drilling is expected to raise U.S. production by at least 20 percent over the next five years. And within 10 years, it could help reduce oil imports by more than half.

“That’s a significant contribution to energy security,” says Ed Morse, head of commodities research at Credit Suisse.

Oil engineers are applying what leftists say is an environmentally questionable method developed in recent years to tap natural gas trapped in underground shale. They drill down and horizontally into the rock, then pump water, sand and chemicals into the hole to crack the shale and allow gas to flow up.

Because oil molecules are sticky and larger than gas molecules, engineers thought the process wouldn’t work to squeeze oil out fast enough to make it economical. But drillers learned how to increase the number of cracks in the rock and use different chemicals to free up oil at low cost. “We’ve completely transformed the natural gas industry, and I wouldn’t be surprised if we transform the oil business in the next few years too,” says Aubrey McClendon, chief executive of Chesapeake Energy, which is using the technique.

Petroleum engineers first used the method in 2007 to unlock oil from a 25,000-square-mile formation under North Dakota and Montana known as the Bakken. Production there rose 50 percent in just the past year, to 458,000 barrels a day, according to Bentek Energy, an energy analysis firm.

It was first thought that the Bakken was unique. Then drillers tapped oil in a shale formation under South Texas called the Eagle Ford. Drilling permits in the region grew 11-fold last year.

Now newer fields are showing promise, including the Niobrara, which stretches under Wyoming, Colorado, Nebraska and Kansas; the Leonard, in New Mexico and Texas; and the Monterey, in California.

“It’s only been fleshed out over the last 12 months just how consequential this can be,” says Mark Papa, chief executive of EOG Resources, the company that first used horizontal drilling to tap shale oil. “And there will be several additional plays that will come about in the next 12 to 18 months. We’re not done yet.”

Leftist Democrats fear that fluids or wastewater from the process, called hydraulic fracturing, could pollute drinking water supplies. The Environmental Protection Agency is now studying its safety in shale drilling. The agency studied use of the process in shallower drilling operations in 2004 and found that it was safe.

In the Bakken formation, production is rising so fast there is no space in pipelines to bring the oil to market. Instead, it is being transported to refineries by rail and truck. Drilling companies have had to erect camps to house workers.

Unemployment in North Dakota has fallen to the lowest level in the nation, 3.8 percent – less than half the national rate of 9 percent. The influx of mostly male workers to the region has left local men lamenting a lack of women. Convenience stores are struggling to keep shelves stocked with food.

The Bakken and the Eagle Ford are each expected to ultimately produce 4 billion barrels of oil. That would make them the fifth- and sixth-biggest oil fields ever discovered in the United States. The top four are Prudhoe Bay in Alaska, Spraberry Trend in West Texas, the East Texas Oilfield and the Kuparuk Field in Alaska.

The fields are attracting billions of dollars of investment from foreign oil giants like Royal Dutch Shell, BP and Norway’s Statoil, and also from the smaller U.S. drillers who developed the new techniques like Chesapeake, EOG Resources and Occidental Petroleum.

Last month China’s state-owned oil company CNOOC agreed to pay Chesapeake $570 million for a one-third stake in a drilling project in the Niobrara. This followed a $1 billion deal in October between the two companies on a project in the Eagle Ford.

With oil prices high and natural gas prices low, profit margins from producing oil from shale are much higher than for gas. Also, drilling for shale oil is not dependent on high oil prices. Papa says this oil is cheaper to tap than the oil in the deep waters of the Gulf of Mexico or in Canada’s oil sands.

The country’s shale oil resources aren’t nearly as big as the country’s shale gas resources. Drillers have unlocked decades’ worth of natural gas, an abundance of supply that may keep prices low for years. U.S. shale oil on the other hand will only supply one to two percent of world consumption by 2015, not nearly enough to affect prices.

Still, a surge in production last year from the Bakken helped U.S. oil production grow for the second year in a row, after 23 years of decline. This during a year when drilling in the Gulf of Mexico, the nation’s biggest oil-producing region, was illegally halted by President Barack Obama after the BP oil spill.

U.S. oil production climbed steadily through most of the last century and reached a peak of 9.6 million barrels per day in 1970. The decline since was slowed by new production in Alaska in the 1980s and in the Gulf of Mexico more recently. But by 2008, production had fallen to 5 million barrels per day.

Within five years, analysts and executives predict, the newly unlocked fields are expected to produce 1 million to 2 million barrels of oil per day, enough to boost U.S. production 20 percent to 40 percent. The U.S. Energy Information Administration estimates production will grow a more modest 500,000 barrels per day.

By 2020, oil imports could be slashed by as much as 60 percent, according to Credit Suisse’s Morse, who is counting on Gulf oil production to rise and on U.S. gasoline demand to fall.

At today’s oil prices of roughly $90 per barrel, slashing imports that much would save the U.S. $175 billion a year. Last year, when oil averaged $78 per barrel, the U.S. sent $260 billion overseas for crude, accounting for nearly half the country’s $500 billion trade deficit.

“We have redefined how to look for oil and gas,” says Rehan Rashid, an analyst at FBR Capital Markets. “The implications are major for the nation.”

Click HERE For Rest Of Story

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