Denying Americans Their Own Energy

In a letter to members of the G-20, the finance ministers, and central bankers
of leading industrial nations, President Obama said, “We should make sustained
effort to carry through with our groundbreaking Pittsburgh commitment to phase
out fossil fuel subsidies.”
The result of such action would give international energy companies in other
nations a large competitive advantage while penalizing U.S. oil
and natural gas companies.
As Dr. Richard
Swier noted recently, “In the U.S., support for the oil and gas
industry is largely about investment depreciation rules which are available to
many industries.” Energy companies routinely put huge amounts of money at risk
to explore, discover, and extract the so-called fossil fuels. Take away the “subsidies”,
and the cost of all energy use in the U.S. goes up.
Meanwhile, CNN Money reported on November 12 that “President Obama lifted his
moratorium on deepwater oil drilling nearly a month ago, but the government still
hasn’t issued any new permits in the Gulf of Mexico. And most analysts say
permits will be slow in coming through 2011.” (Emphasis added.)
This is great news for Saudi Arabia and bad news for Americans who think we
should be accessing our own vast oil reserves. This failure to revive the oil
drilling industry in the Gulf comes at a time when the price of a barrel of oil
is rising while leaving thousands of oil industry workers in the Gulf States
out of work.
A day earlier in an editorial in The Wall Street Journal, it was revealed that
while “President Obama continues to advertise the $814 billion stimulus and its
green energy subsidy programs in particular as unqualified successes”, an
eight-page memo from his chief economic advisor, Larry Summers, environment and
energy “czar”, Carol Browner, and policy aide, Ron Klain, reveals that a $6
billion Department of Energy guarantee of loans and other disbursements was
being resisted. The House budget office (OMB) and the Treasury had found severe
problems with “the economy integrity of government support for
renewables.” (Emphasis added.)
“Renewables” is a code word for wind and solar energy projects. Loan
guarantees, block grants, and government mandates often benefit large
administration supporters such as General Electric and other political donors
engaged in such projects.
One such project in Oregon would tap taxpayers for $1.2 billion while GE and
Caithness Energy LLC would only put in about 11% of the project cost. It is
corporate welfare that leaves the public with one of the two worst ways of
generating electricity, as opposed to coal-fired and nuclear plants. Even
hydroelectric power (generated by dams) is more reliable and less costly.
Back in October, Interior Secretary Ken Salazar approved a 50-megawatt Silver
State Solar Project for Clark County, Nevada, and three large solar power
projects in California, all to be sited on federal land. This is not exactly
what conservationists had in mind when such land was set aside. It diverts and
wastes billions.
While all this is going on, the Environmental Protection Agency is still
demanding that greenhouse gas emissions be reduced, the best known of which is
carbon dioxide. They are referred to as “heat-trapping” gas and identified as
the source of “global warming”. Only there is NO global warming and hasn’t been
for a decade as the Earth’s overall temperatures have slid into a perfectly
natural cooling cycle.
Thanks to Climategate, we now know that “global warming” was a complete fiction
put forth by the United Nations Intergovernmental Panel on Climate Change.
The question no one at EPA wants to answer is this: if greenhouse gases trap
heat, why don’t they do it in the winter? If they are so powerful that they can
trap heat, how come it gets cold as winter arrives in either the northern or
southern hemispheres? Carbon dioxide does not trap heat, but more CO2 would
in fact increase crop yields and aid forest and jungle growth worldwide.
According to CNSnews.com, “Tough new rules proposed by the Environmental
Protection Agency restricting greenhouse gas emissions would reduce
the global mean temperature by only 0.006 to 0.0015 of a degree Celsius by the
year 2100 according to the EPA’s analysis.” In plain terms, no reduction
whatever and none needed!
Greenhouse gas restrictions are nothing less than a criminal act against the
citizens of the United States. They are utterly baseless, a fraud no smaller
than “global warming”.
There are many other examples of what the federal government, under the present
and preceding administrations going back to Jimmy Carter’s, has been doing to
choke off the acquisition of American’s vast reserves of coal, natural gas, and
oil.
This isn’t an energy policy. It’s a suicide pact to drive up the cost of energy
for all Americans, diminishing our competitiveness, and making our lives
harsher.
Click here to return to TRA's Issue CCLXVI Index.
Learn about Mr. Stolyarov's novel, Eden against the Colossus, here.Read Mr. Stolyarov's comprehensive treatise, A Rational Cosmology, explicating such terms as the universe, matter, space, time, sound, light, life, consciousness, and volition, here.
The
Rational Argumentator