Despite America’s jubilant cries of energy independence, the global nature of the crude oil commodity and the continued vulnerability of the world’s supply network to regional political discord are not to be dismissed.
The Endangered Species Act (ESA) was signed into law in 1973 by President Richard Nixon to preserve, protect and recover key domestic species. Though well intentioned at the start, the ESA has since been used as a tool to hinder or block economic activity from logging and farming to mining and oil-and-gas development—often to protect species that don’t truly need it.
On one hand, President Obama extoled efforts to increase fuel efficiency to “help America wean itself off foreign oil.” He touted the new reality of “more oil produced at home than we buy from the rest of the world, the first time that’s happened in nearly twenty years.” On the other hand, he promised to use his “authority to protect more of our pristine federal lands for future generations”—which is code for more national monuments and endangered species designations that will lock up federal lands from productive use.
The Guardian, a London-based daily newspaper, has been a leading advocate of the global warming theory—now called climate change—and its December 20 edition published an article by Susanne Goldenberg, “Conservative groups spend up to $1bn a year to fight action on climate change.”
Hydraulic fracturing started out as an “exploding torpedo” back in 1865. Today, nearly 150 years later, the actual process has made giant technological strides, but now, it’s the topic that’s explosive.
“Canada is a sovereign nation and we will develop our resources with appropriate regulations and enforcement to protect the environment,” said Paula Caldwell St-Onge. The Consulate General of Canada, St-Onge was in Albuquerque to talk up, and answer questions about, the Keystone pipeline.
[The idea of green energy] was in the 1970s, following the OPEC Oil Embargo that solar panels began popping up on rooftops and “gasohol” subsidies were enacted. It was believed that green energy would move the U.S. off of foreign oil and prevent oil from being used as a weapon against us.
Last Friday the EPA announced a reduction in 2014 biofuel mandates from 18 billion to 15 billion gallons. This decision was made because gasoline consumption has fallen and fuel mixes made with over 10 percent biofuels can damage car engines. But there is more to the story.
October 17 was the fortieth anniversary of the oil embargo slapped on America by the Organization of Petroleum Exporting Countries (OPEC). That action changed the entire geopolitical map by taking the power from the United States and giving it to the Middle East. As a result of the embargo, America slid into a serious recession.
Yes, the United States of America is being run by a man who believes that transferring $25 from every man, woman, and child in America to third world countries in the name of “climate assistance” is progress — and is just the beginning.