By now you all are probably tired of hearing me harp on the energy issue, however, let’s face it. The US’ dependency on foreign oil hits all sectors of the country: our national security, our economics, our jobs, our businesses and the amount of dollars consumers have to spend. With gasoline in many parts of the country near, at, or surpassing the $4/gallon mark, businesses pass on those increased costs of deliveries and manufacturing to consumers. And when consumers are paying more at the pump, they don’t have the dollars to spend in other areas of the economy. The turmoil in the Middle East and the uncertainty of whether or not the oil will continue to flow to the US then becomes a matter of national security at a time when the Obama administration has been hampering tapping our own domestic energy resources.
The House Natural Resources Committee has prepared these charts. It’s obvious by the one below how much our reliance on foreign energy has increased since Obama became president.
The chart below shows us the dramatic decrease in our domestic crude oil production since Obama’s Gulf of Mexico moratorium took effect.
But apparently Interior Secretary Ken Salazar flunked chart reading in school because this is what he had to say to Resource Committee Chair Doc Hastings (R-WA):
“Production has remained at an all time height and we will expect that to continue as we bring production on-line.”
Here are some points Speaker John Boehner (R-OH) makes with the assistance of the Natural Resources Committee on what he refers to as “Obama’s Energy Freeze” and the below are only a few examples, more here:
- One of the Obama Administrationâ€™s first acts in February 2009 was to unilaterally cancel 77 leases offered for new energy production on tracts of land in Utah.
- Interior Secretary Salazar â€œscrapp[ed] leases for oil-shale development on federal land in Colorado, Utah and Wyoming.
- Having failed to pass it through the Democrat-run Senate, the Administration is using the EPA to impose its job-crushing national energy tax.
- Interior Secretary Salazar imposed new red tape and regulatory hurdles to make leasing land and developing new oil and natural gas more difficult.
- The Obama Administration tried to unilaterally abandon the Yucca Mountain nuclear energy repository.
- The EPA moved to block a coal mine in West Virginia â€“ despite the fact that it already had a federal permit â€“ threatening jobs across the region (I wrote about this in detail in January.)
- The Administration unilaterally shut down environmentally friendly offshore energy production â€œin the eastern Gulf of Mexicoâ€ and â€œoff the Atlantic and Pacific coasts,â€
And I guarantee, it’s not for lack of US domestic energy resources.
- According to the Institute for Energy Research there are at least 45 billion barrels of oil in Alaska. For those of you not on twitter, below is a screen shot of their tweet:
- The Appalachian Basin alone could contain 750 trillion cubic feet of gas reserves.
- Here is an interactive map prepared by the USGS showing our estimated oil and gas reserves, and it’s a shocker.
The Institute for Energy Research back in October of 2008 showed us lifting the offshore ban gave us immediate price relief.
President Bush lifted the executive moratorium on July 14. The response in oil prices was dramatic and immediate. Then on the evening of September 23, Speaker Pelosi announced that House Democrats would defer their battle with pro-drilling Republicans until the after the elections. Thus, when oil markets opened on September 24, traders knew that the United States ban on offshore drilling would expire with the fiscal year on September 30. Although the price of oil bounced around due to the financial crisis and the whipsawing dollar, even so there was an immediate and significant decline in oil prices.
Today Speaker Boehner, with Doc Hastings at his side, announced the “American Energy Initiative.”
Rising gas prices are a burden on all of us and with many people already out of work, it hurts small businesses. Washington has been a big part of the problem when it comes to the price of energy. The Obama administration has consistently blocked US energy production that would lower costs and create jobs in our country. They’ve cancelled new leases [snip] and imposed a de facto moratorium on future drilling in our country. They’ve even pushed a cap and trade national energy tax that the President himself admitted would cause the price of energy to skyrocket.
Republicans have a plan to lower prices and create new jobs. [snip]. We are calling it the “American Energy Initiative.” [snip] We will fight to increase access to domestic energy sources and oppose attempts to impose a national cap and trade energy tax.. and promote the increase of all forms of American energy.
Last week House Energy and Commerce Committee Chair Fred Upton (R-MI) and Subcommittee on Energy and Power Chair Ed Whitfield (R-KY) introduced the Energy Tax Prevention Act H.R. 910 to block EPA’s controversial back-door climate change agenda.
Hopefully with public awareness and these new initiatives the US will be on Her way to becoming energy independent.
Crossposted at Conservative Outlooks