And where has most of the increase in energy production taken place, on state owned land. Land control by the Obama administration has, for the most part, stopped all energy exploration and development. Interior Sec Salazar has indicated on many occasions he has no intention of releasing federal land for exploration or development.
The EPA has taken several steps to strangle all 'fracking' of natural gas, even of private land, as a way to close down the advancement of natural gas. The eco-fascist environmentalists are hard at work demonizing 'fracking' as destroying our water supply and must be stopped for 'studies' to make sure all is safe.
I wonder why our president believes that by reducing our own energy production, which creates millions of jobs and saves the country billions of dollars by reducing imports, is a bad thing? Could it be he wants to reduce America's prosperity? Reduce the number of good paying jobs? Increase the number of people on food stamps and welfare hand outs as a result? Is it possible that our president wants dependence and poverty as a new norm?
Maybe he sees a country that has full employment too difficult to control. A progressive socialist agenda depends on a population that has no future or initiative to succeed. A population willingly accepting dependency as a way of life.
Gushing about America's Energy Future
Source: Desmond Lachman, "Gushing about America's Energy Future," American Enterprise Institute, December 3, 2012.
December 13, 2012
The United States is on the path to becoming energy independent in the next few decades. Indeed, the International Energy Agency (IEA) projects that U.S. oil production will exceed Saudi Arabia's production by 2020. It further projects that the United States will be energy independent by 2035, says Desmond Lachman, a resident scholar at the American Enterprise Institute.
•Since 2008, U.S. oil production has increased around 25 percent.
•Because of this, oil imports only make up 42 percent of overall oil consumption, compared to 60 percent in 2005.
•The United States is expected to increase oil production to over 11 million barrels a day by 2020.
•As a result, oil imports will decline to 4 million a day.
Natural gas has also been a heavy component of the United States' path to energy independence.
•The United States has overtaken Russia as the world's largest natural gas producer.
•In less than a decade, shale gas production has gone from 2 percent of natural gas production to 37 percent.
The trend toward energy independence can be attributed to major advancements in drilling techniques and increases in fuel economy. The catalyst in these developments was not the federal government, but rather the free market. The free market incentivized innovations such as horizontal drilling and hydraulic fracturing. These new methods have created the ability to tap into vast reserves of oil and natural gas that were not available before. As a result, prices for oil and natural gas have gone down.
There are several economic benefits that the United States enjoys as a result of moving toward energy independence.
•Around 1.7 million oil and gas jobs have been created in the energy sector.
•By 2020, we could expect 3 million new jobs.
•The U.S. trade deficit could be narrowed as natural gas exports increase and oil imports decline.
•Cutting oil imports by 6 million barrels per day by 2020, as the IEA projects, would save the United States about $180 billion a year.
•Furthermore, U.S. manufacturing would be revived.
Moreover, the United States would gain significant geopolitical advantages. For example, it would lower the influence of the Middle East. In addition, the United States would be in a position to challenge Russia's influence in Europe by providing some competition in supplying natural gas.
Thursday, December 13, 2012
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