Energy Needs Free Trade : We Have More Then Enough

A guaranteed future for prosperity according to this article, right? Coal enough in this country to sustains us for 500 years or longer as technology doesn't stand still.

But wait, Mr Objma and the progressives socialist liberal democrats say America has enough prosperity, way too much prosperity, and therefore citizens must prepare for a future that has less options to gain success.

According to the progressives, Americans must realize they have an obligation to the rest of the world that has suffered at the hands of past leaders  that have taken the means for a bright future from others as we have consumed earth's natural resources at a rate fare beyond what we deserves, and so must pay back what we owe to the rest of the world with living with less advantages and less access to natural resources. It's just the right thing to do.

According to the progressive democrats, renewable energy will supply all our energy needs now and into the future. We must live within our means even if means haven't to live in a cardboard box.

American Energy Needs Free Trade
Source: Nicolas Loris, "The Economic and Geopolitical Benefits of Free Trade in Energy Resources," Heritage Foundation, October 9, 2015.

October 26, 2015

America has an abundance of natural resources, including sufficient energy reserves to provide Americans with affordable and reliable energy well into the future. With its plentiful reserves of coal, natural gas and oil, the United States is already a global leader in energy production and has the potential to be a major supplier to the rest of the world.

• In January 2006, companies in the United States supplied just over 5 million barrels of oil per day to the global market.
• Nearly 1.3 trillion barrels of technically recoverable oil lie beneath U.S. soil and off America's coasts -- enough to fuel more than 90 million cars and nearly 3.5 million homes for more than 50 years.
• The United States alone has more than five times the amount of recoverable oil than Saudi Arabia.
• With more than 480 billion short tons of coal recoverable with today's technology, the United States can provide electricity for over 500 years at current consumption rates.

With enormous oil and natural gas reserves, the U.S. is positioned to remain a global energy power well into the future if Congress adopts free-market policies that open domestic and international markets and reduce regulations that choke off resource development.

Free trade is imperative to a free society, as it fosters economic growth and improves human well-being. Policymakers should treat energy like any other good or service that is traded freely around the world by allowing U.S. producers to export more energy. Providing more energy choices to both producers and consumers will generate jobs, expand the economy and provide important geopolitical benefits to the rest of the world by increasing global energy supplies and reducing the ability of any one nation or organization to use its control of energy resources for strategic purposes. Congress and the Administration should remove government-imposed barriers to energy exports.