Wednesday, April 08, 2015

Export Ban On Fossil Energy Must Be Lifted : Prosperity for Everyone

This sounding like a broken record or scratched CD - the information tha is available to nearly everyone except the White House, is we have so much fossil energy we can export itto the world and have more then enough for ourselves to prosper.

There in lies the problem - Mr Obama hates fossil energy and will do what it takes to stop it's production no matter how it effects the country. And it's not just Mr Obama, it's the collective that is the democrat party that support his agenda of renewable resources and his ideology of crating a progressive socialist country by limiting the people's options for prosperity.

People that are prosperous will find dependency socialism not a good alternative to individual freedom.

Energy Production on Standby Until Crude Oil Export Ban is Lifted
Source: Lloyd Bentsen, "U.S. Energy Infrastructure Still Lacking," National Center for Policy Analysis, April 6, 2015.

April 8, 2015

Energy booms, whether from oil or gas, will continue as both technology develops and more resources are discovered. However, each energy boom puts a strain on our existing energy infrastructure. For instance, oil can be transported by truck, ship, rail and pipeline. Pipeline is the safest and most reliable way to transport oil. Even with 185,000 miles of liquid petroleum pipeline across the United States, there is just not enough to transport the huge volume in the current boom. The lack of pipeline has increased transportation by rail and rail accidents during this time, says NCPA senior research fellow Lloyd Bentsen.
  • The recent increase in transportation of oil by rail has increased the number of rail accidents.
  • In 2014, 70 percent of petroleum products and crude oil were shipped by pipeline, while 3 percent was shipped by rail.
  • A recent study by Fraser affirms their safety by reporting transporting oil by pipeline is 30 times less harmful than by train.
More and more oil is extracted every day and our storage capacity is overflowing. Two things need to happen that will greatly alleviate this situation. First, more pipelines are needed to transport all of this new oil.

Second, all of this oil needs a place to go. Building more storage capacity only temporarily alleviates the problem. The crude oil export ban needs to be lifted so that the oil can get out of the over capacity storage units and enter the energy market.
 

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