Tuesday, April 07, 2015

Fossil Resources Abound In America : Why Not Export?

Again, it's all about the politics, the ideology and agenda of the progressive socialists that infest our government today. To push for the elimination of fossil resources is bedded in the belief if we can rid ourselves of fossil resources, and install the idea of a renewable energy, solar, wind and biofuels, all of us will benefit from a cleaner environment and be less dependent on the need for self gratification that comes from too much prosperity.

It's the ideology of live and let live - why do some people need to be better than anyone else? Isn't easier to be just like everyone else? Less stressful?

The progressive liberal agenda believes, if we can eliminating fossil energy that actually fuels nearly all industry now, and for the foreseeable future, we can be seen to the world as dedicating our selves to moral self improvement that can rid us of the world view of America as the aggressor. We take from others even at times by force.

Persona freedom and prosperity are not in the best interest of progressive "fundamental change' as Mr Obama envisioned. Unfortunately, as our economy is failing, we are well on the way to accomplish his goal.

America's Shale Fields Could Improve International Interests
Source: Mark P. Mills, "America's Shale Fields Offer A Chance For A New Oil Doctrine To "Reset" Geopolitics," Forbes, March 30, 2015.

April 6, 2015

The U.S. now has the ability to position itself not only to influence but, in due course, to even dominate oil markets. America is already the world's fastest growing source of oil (and natural gas) and the world's largest producer of liquid hydrocarbons.

To have impact, the U.S. does not need to become a net exporter. That America has the kind of operational surpluses that make overseas sales not just feasible but logical is now obvious. The current flap over the record levels of oil piling up in domestic storage tanks is a direct consequence of American companies producing so much petroleum—oil they are banned from selling offshore.
But there is substantial political resistance for a new export-oriented oil doctrine. The objections fall mainly into three buckets.
  • First there is gasoline price-o-phobia. Politicians do not get credit when prices at the pump drop but they sure fear the backlash of the inverse, especially if it were to happen in the wake of a vote to rescind the crude export ban.
  • Second, heel-dragging comes from a persistent notion that America's hydrocarbons are somehow uniquely precious, so rare in fact that, unlike any other commodity, the U.S. government should not allow American crude oil to be sold to other nations.
  • The third trope is entangled with the notion that the expanding digital economy somehow portends a post-oil world. The irony is that these new technologies will boost global wealth leading to greater use of everything, especially airplanes and automobiles.
It would be to America's strategic, as well as economic advantage, to be amongst the few preferred suppliers of all those vital hydrocarbons.


 

No comments: