“We can’t just drill our way to lower gas prices,” President Obama told an audience four years ago at the University of Miami. Like this year, it was an election year and Obama was running for re-election. Later in his speech, he added: “anybody who tells you that we can drill our way out of this problem doesn’t know what they’re talking about, or just isn’t telling you the truth.”
Many energy-producing states are currently struggling in the wake of falling oil and natural gas prices. Thousands of people are losing their livelihoods in the energy sector, and lower severance tax payments are projected to produce numerous state budget shortfalls, which could end up reducing state spending on social programs.
If you want more of something, mandate it, subsidize it and exempt it from regulations. If you want less of something, punish it with taxes and regulations. Put more bluntly, the power to tax and regulate is the power to destroy. This is the First Rule of Government.
A recent USA Today/Rock the Vote survey of millennials shows 80 percent of millennials support transitioning to “mostly clean” or renewable energy by 2030. Although their hearts may be in the right place, few millennials appear to realize how much energy their lifestyle actually consumes, where this energy comes from, and how much it would cost to transition to a nation that’s powered predominantly by renewables by 2030.
The campaign is about all fossil fuels: oil, gas, and coal. Instead of an “all of the above” energy policy, when it comes to fossil fuels, they want “none of the above.” A big part of the effort is focused on preventing the extraction of fossil fuels on public lands—which is supported by presidential candidates Senator Bernie Sanders and Secretary Hillary Clinton. The recent moratorium of leasing federal lands for coal mining, announced by Secretary of Interior Sally Jewell, is considered a great victory for “keep it in the ground.”
Democratic presidential candidate Bernie Sanders has often talked about his desire for the United States to emulate the socialist welfare states of Denmark, Norway, and Sweden by providing free college and health care and expanding Social Security. Sanders also wants to ban oil, natural gas, and coal production on lands owned by the federal government, and he has called for a ban on hydraulic fracturing, which has dramatically increased production of oil and natural gas in the United States.
Dangerous manmade global cooling, global warming, climate change and extreme weather claims continue to justify what has become a $1.5-trillion-per-year industry: tens of billions spent annually on one-sided research and hundreds of billions sent to crony corporatists to subsidize replacing dependable, affordable carbon-based fuels with unreliable, expensive “renewable” energy.
Thus far, the Saudi royal family has maintained its highly oppressive form of government by pacifying its people with an extensive welfare state funded by oil money. But low oil prices brought about by hydraulic fracturing in the United States are forcing the monarchy to give the Saudi people more freedom in order to remain in power.
In episode #21 of the In The Tank Podcast, Hosts Donny Kendal and John Nothdurft bring in Director of Communications Jim Lakely to talk about the GOP debate. This weekly podcast features (as always) interviews, debates, roundtable discussions, stories, and light-hearted segments on a variety of topics on the latest news. The show is available for download as part of the Heartland Daily Podcast every Friday.
Environmentalists like a good crisis. Spreading fear is a proven fundraising technique—with manmade climate change as the fear du jour. But, back in 2005, the “looming crisis,” according to the Kansas Sierra Club, was the end of cheap oil. The post concludes: “The end of cheap oil, followed by the end of cheap natural gas, threatens to cripple strong economies and devastate weak ones.” The author posits: “The world burns oil faster than new oil is discovered.”
Last year, when Republicans gained a decisive edge in both houses of Congress, I made predictions as to the six energy-policy changes we could expect—as the two parties have very different views on energy issues.
President Reagan once said, “The nearest thing to eternal life we will ever see on this earth is a government program.” The omnibus budget package being negotiated on Capitol Hill is a perfect example.
The decades-old legislation that prevented American producers from exporting oil is officially overturned—despite previous presidential threats to veto a bill to lift the oil export ban. That’s good policy. However, to get the support of “reluctant Democrats,” The Economist reports: “an additional five years of tax credits for wind and solar power” was part of the package. That’s bad energy policy.
America has the resources to be the world’s number one producer of oil, natural gas, and coal. The development of these mighty energy industries would be the backbone of renewed booming economic growth and prosperity for the United States.
President Barack Obama put the final nail in the Keystone XL Pipeline’s coffin by formally rejecting the permit for the transnational pipeline that would have carried crude oil produced in Canada south to refineries on the Gulf Coast. The president’s decision was not based on science but on politics, predicated specifically on political posturing for the COP-21 climate conference in Paris, France.
It is important to note that falling oil prices create economic costs as well as benefits. But The Badger Herald article would have benefited from a discussion of the good that comes from lower prices, and it relies on a quote from Bill Davis of the Wisconsin Sierra Club that presents some inaccurate statements about the environmental impact of hydraulic fracturing.
Thanksgiving is nearly upon us, and many of us will spend time with our families eating too much food and strategically waiting for couch spots to open up so we can sneak in a quick catnap when our unsuspecting relatives abandon their posts for another slice of pie. It’s a time when we are thankful for the friends, family, and food. We should also be thankful for fracking. Although many people may not know it, fracking has lowered the cost of energy and other goods and services, makes America more energy-independent, and it is done in an environmentally responsible way.
For years, water, or, more accurately, its scarcity, has been predicted to be the next doomsday scenario. In 1994, the American Philosophical Society published a book bearing the title: Is water our next crisis? In 2007, NBC featured: Crisis feared as U.S. water supplies dry up. More recently, in 2011, NPR did a story on Water: The Epic Struggle for Wealth, Power and Civilization—a new book in which the author posits: “water is surpassing oil as the world’s scarcest critical resource.” This year, a Business Insider (BI) report called “water scarcity problems” a “looming national issue.” In September, the Associated Press declared: “The water crisis is already here.”
Some people incorrectly think hydraulic fracturing — fracking — is responsible for the increase in earthquake activity in Oklahoma and Texas. Scientists, however, believe the quakes are caused by the use of underground injection wells to dispose of oil and gas wastewater. The increase in tremors spurred a coalition of scientists, regulators, industry experts and environmentalists to produce a 148-page report exploring why these earthquakes are occurring and how to prevent future incidents.