Sometimes, a simple solution sits in front of us and all it takes is the will to to say “Go for it.” The solution for our energy problems is simple, “Drill, baby drill and dig, baby, dig.” In previous articles, I have presented overwhelming data that shows the United States is awash in energy as thee Congressional Research Service concluded the United States has more than double the energy reserves of Saudi Arabia.
When you add that the United States has 28% of world coal reserves, you are talking a country where energy independence is within reach and one report noted, the United States has developed only 13% of its oil reserves. This data is enough to make the case that Sarah Palin is right, “Drill, baby, Drill.” Even before Congressional Research Service study was completed, other sources made similar points as the Department of Energy and Mineral Management Service noted there is enough oil to last at least another 50 years in the Outer Continental Shelf alone. With the new technology, energy sources previously unavailable are now ready to be produced. And, we are far from peak oil production.
This is a no-brainer, develop the resources we have. It takes a lot of effort to find any downside to a strategy of full speed ahead on increasing energy production. The first is self-evident, we go from being energy importer to becoming energy exporter and if that does happen; OPEC is over as a cartel. Can you imagine China coming to us for their energy sources and suddenly, we’re not the ones indebted to China but it’s the other way around.
The second is economic growth, job creation and increased GDP. And who knows, increased GDP growth means more government revenues that will give us the opportunities to pay down the debt. Instead of going the way of Greece, we go back to the American entrepreneurial society that leads the world in economic growth.
The third is that this economic growth means not just more white collar workers making a ton of money but plenty of blue collars jobs, whit prosperity shared through the economy while having a ripple effect through all of America.
We do have a Party captured by environmentalist extremism; idiocy has been the hallmark of this Administration whose idea of a successful energy policy is to have a policy to make driving more expensive. (Now that we are in an election year, Obama and his secretary of energy have essentially back pedaled on their past statements during and shortly after the 2008 elections that their policy will lead to higher energy prices in a attempt to wean America from her thirst of oil.)
The Keystone pipeline is one of those decisions that was a head scratcher since there was no downside to it because it meant more jobs and energy coming from our close neighbor and ally. The fact this administration delayed it was simply due to sucking up to their base within the environmental movement.
Sarah Palin had it right in 2008 and whoever gets the nomination should look Obama in the eyes and say, “Mr. President, there is a very simple solution to our energy problem. “Drill, baby, Drill.””
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