Here is how this administration’s energy policy is killing jobs, while being more interested in cutting CO2 emissions than in creating jobs.
This is preposterous when we need revenues to help pay down our national debt.
More drilling and more production of oil and natural gas will result in higher revenues, just what this administration wants, but not from the higher taxes demanded by the administration.
Here are a few of the actions that are killing drilling, exploration and production of oil and natural gas in the United States.
- Prohibit, and then delay the issuing of permits to drill in the Gulf of Mexico.
- Prohibit drilling in ANWR.
- Prohibit drilling in the outer continental shelf.
- Prevent drilling off the Alaska coast by establishing Polar Bear Habitats in the Chukchi and Beaufort Seas.
- Threaten West Texas Oil production by declaring the dunes sagebrush lizard as a threatened species.
- Stop Shell Oil from drilling off the Alaska coast because Shell had not accounted for greenhouse gas emissions from an icebreaking vessel.
- Have the U.S. Bureau of Land Management make it more difficult to fast-track the permitting of oil and gas projects on federal land.
The list can go on, but it’s clear that this administration is against drilling and production of oil and natural gas.
At virtually every opportunity this administration has either blocked drilling or made it more difficult.
A recent Wood Mackenzie study determined that promoting domestic oil production would create 535,000 new jobs by 2025. The federal government would also receive additional royalty and lease payments of $194 Billion, which would help pay down our deficit.
The less oil we produce, the more oil we must import, from Venezuela and elsewhere.
We import most of our oil from Canada, but we are in the process of turning Canada into an enemy rather than a friend.
This administration is creating the climate where Canadians are actively considering whether they should sell to China rather than the U.S. This would mean higher cost oil for us, with higher gasoline prices. If Canada builds or expands its pipelines to Kitimat or Vancouver, China will be the logical customer.
The Chinese are investing in Canada so as to be in a position to buy oil and natural gas, while we are creating barriers to getting oil from Canada.
Canada recently imported a pipe making facility from China that can make 36” pipe. China will have 30% ownership of the company.
Until now, US Steel was the only company in the U.S. or Canada that could make 36” pipe suitable for oil pipelines.
There go some more American jobs.
Why is our energy policy threatening Canada while preventing drilling in the United States?
Why does this administration want to raise taxes rather than increase drilling?
More drilling and oil production would result in higher royalty and lease payments that would help cut our national debt.
* * * * * *
Additional TSAugust web sites:
* * * * * *
[To find earlier articles, click on the name of the preceding month below the calendar to display a list of articles published in that month. Continue clicking on the name of the preceding month to display articles published in prior months.]
© Power For USA, 2010 – 2011. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Power For USA with appropriate and specific direction to the original content.