Posts Tagged ‘foreign oil’

Thoughts on the BP Oil Spill

Monday, June 14th, 2010

The BP oil spill in the Gulf of Mexico has led to a host of environmental zealots trying to make us all feel guilty about using oil. As the director of legislative and public affairs for Ohio’s Environmental Council put it, “You turn the key to the car, you’re part of the problem, and you’re part of the solution.” Undoubtedly, there is a short-term toll on the Gulf ecosystem. The results would be even worse if not for the efforts to contain and dispose of the oil that has already reached the shorelines. However, the guilt, and blame, lies squarely with BP and whoever else might have been responsible for the accident.

One of the primary reasons that oil companies have been drilling in the Gulf of Mexico is that the environmentalists have successfully convinced enough people in Washington that there should be no oil drilling on the U.S. mainland. Nearly all of the areas of the country that hold any substantial oil reserves have been deemed off limits. As a result, much of our domestic oil production comes from offshore drilling. Furthermore, while other countries are busily securing oil supplies wherever they can, the United States has neglected to develop its own resources.

Which doesn’t make any sense at all. There is always someone on television talking about the need to “reduce our dependence on foreign oil.” That’s tough to do if we insist on buying our oil from other nations. Even Adolf Hitler realized the need for a steady supply of petroleum that would keep the German army mobilized. By the time World War 2 had started, Germany was able to make hundreds of thousands of barrels of synthetic oil, reducing the need to find a supply of fuel from distant sources. These synthetic fuel factories were prime targets for Allied bombers. When the factories were destroyed, it devastated the German mobile army.

It remains unclear why our government can’t use similar foresight. Instead, the liberals and Democrats resort to their core ideological beliefs. They believe that the individual has no right to succeed or fulfill any self-interest. The well-being of society takes precedence over the development of the person. As a result, we are all made to feel guilty for our normal and daily activities. We must not acquire wealth, because it is to be dispensed to the poor. We must not own firearms, because we might injure or kill another person. We should not enjoy the automobiles we own, lest we selfishly destroy the environment by burning fossil fuels. We must measure our self-worth by how much money we send to impoverished people in faraway countries. Meanwhile, as we suffocate our self esteem, the government grows larger in size and authority, and puts us under its dictatorial rule.

Nobody should feel guilty for using the gasoline that allows them to keep a job, feed a family, and maintain a home. Neither should any American feel remorse for using this country’s natural resources that would prevent us from being so dependent on a foreign supplier of energy. We should only demand that the producers of energy be efficient and responsible in their operations. And we should demand the same from our government.

Larry Summers defends Obama

Saturday, June 13th, 2009

On Friday, June 12, I heard Larry Summers defend the government’s involvement in private companies. Speaking at the Council on Foreign Relations in New York, Summers said that President Obama “did not, as he has said many times, run for president to manage banks, insurance or car companies.”

That’s understandable. If Obama had mentioned those ideas, he might not have been elected. Like Bill Clinton in 1992, Obama campaigned on fixing the economy, but, once in office, began implementing the Democrats’ real agenda.

If Obama had been completely honest, before the election, about the liberals’ real intentions, he would have told us that (among other things):

  • They would impose outrageous and illogical taxes on tobacco products (supposedly to fund health insurance for children), with further tobacco regulation directed by the FDA.
  • They would decimate the American auto industry, causing the additional loss of thousands more jobs. They would have the authority to fire the CEO of GM, and arrange the sale of Chrysler’s assets to a foreign car maker. They would increase the regulation of the auto industry, with the EPA to be in charge of auto emissions.
  • They would permit the White House to oversee the upcoming Census, removing the Department of Commerce oversight.
  • They would increase spending and our national deficit, leading to inflation and higher interest rates.
  • They would refuse to expand the exploration and utilization of our energy resources, risking our national security and maintaining our dependence on foreign oil supplies.

That’s been the focus of the administration during the first few months. There doesn’t seem to be much emphasis on job creation. We were supposed to get a “quick jolt” to the economy, but I haven’t noticed it yet. Most of the new jobs the Obama administration takes credit for have come from preparation for the Census. Unemployment has spiked well beyond government estimations. And the run-up in oil prices means that the markets are anticipating increases in inflation, due to the massive amounts of new money being released by the government.

It gets worse. If the Obama administration authorizes the pending cap-and-trade legislation, we will all be spending more on energy to heat and cool our homes. That’s besides the higher gasoline prices that are sure to come, because the Democrats refuse to capitalize on American resources. The real growth we are witnessing is not in job creation, but in the size and authority of the Federal government. God help us.

Drilling for American oil

Sunday, May 31st, 2009

I’m sure that nearly everyone who reads this post is familiar with a certain line spoken at many marriage ceremonies. Namely, if someone has good reason why a man and woman should not be married, the person should “speak now or forever hold his peace.”

I’d like to pose a similar question about the development of American energy resources: Is there any good reason why we shouldn’t use domestic energy that is so readily available? There is much said about the need to wean ourselves from the use of foreign oil. That makes sense. But it would be equally sensible for our government to look for domestic resources to replace what we currently purchase from abroad.

It seems, however, that the liberal Democrats in Congress have a different idea. They really think that windmills and solar panels can reduce our dependence on foreign oil. That is a terrible misconception. Solar and wind power will never meet our transportation energy needs. In fact, oil may continue to be the dominant energy source until the year 2030. So, it becomes clear that a reliable supply of oil must be established for the American consumer.

Recently, the U.S. Geological Survey revealed that the Chukchi Sea, just northwest of Alaska’s landmass, holds 1.6 trillion cubic feet of undiscovered natural gas and 83 billion barrels of undiscovered oil. As the June 1 edition of the Investor’s Business Daily observes, that’s 30% of the world’s supply of natural gas, and 4% of global oil reserves, respectively. Tapping into those massive reserves would go a long way in establishing a dependable supply of domestic energy, as well as removing threats to our national security. We would no longer be held over a barrel, so to speak, by OPEC, the oil cartel whose membership includes several countries which are hostile to the United States.

I’m reminded of the Biblical story about the man who found a buried treasure in a field. Upon the discovery, he promptly sold everything he had to raise enough money to buy the field. In buying the field, then, the treasure belonged to him. He had sense enough to realize that the treasure was worth more than anything he had ever owned before. So, it was no big sacrifice to sell his posessions to be able to buy the land.

If only our government had the same kind of vision. Apparently, the liberals don’t value our natural resources. If our government doesn’t secure the oil and gas in the Chukchi Sea, the Russians will likely seize it. The Chinese are already moving in on oil reserves discovered off the coast of Florida. Foreign countries are determined to hoard oil supplies wherever they are found. But what is our current administration’s response? It suggests that we paint our roofs white, to make our homes more efficient.

Brilliant!