By Alan Caruba
Did
anyone notice that the estimated 35,000 who showed up for the anti-Keystone XL
pipeline rally outside the White House on Sunday, Feb 17, were all bundled up
against the cold? The temperature was about 25 degrees Fahrenheit. The Earth has
been cooling—naturally—for sixteen years.
The pipeline which will not cost
taxpayers a dime would be part of the existing 1,200 pipelines that traverse the
same route. It would enable oil extracted from Canadian tar sands to be refined
in America. Failing that, the same oil will be exported to China.
There
are already 170,000 miles of pipeline in America, moving oil and natural gas to
fuel our cars and trucks, warm our homes and apartments, and, in the case of
oil, to be turned in the zillion uses of plastic and other products such as
asphalt to pave our streets and highways.
The
people who showed up and shivered through the rally lack sufficient brain cells
to make the connection between the warmth to which they retreated and the energy
that provided that warmth or the electricity that provided the light by which to
read their anti-energy manifestos.
For an
hour or two they listened as the Sierra Club and Natural Resources Defense
Council spokesmen regaled them with an anti-energy, anti-jobs, and anti-wealth
message that ignored the 20,000 jobs the Keystone XL pipeline is expected to
generate, plus all the other jobs dependent on this source of energy. Not
surprisingly, the AFL-CIO’s building and construction trade division has
endorsed the pipeline.
In
testimony before a House committee, delivery on Feb 13, Daniel Simmons, the
Director of Regulatory and State Affairs for the Institute of Energy Research,
addressed a hearing on “The Effects of Rising Energy Costs on American Families
and Employers.” As far as I can tell there was zero media coverage, but here are
a few of the facts he presented.
“The
federal estate contains vast energy resources, but the federal government allows
energy production on a very small percentage of taxpayer-owned federal lands.
The Interior Department has leased just two percent of federal offshore areas
and less than six percent of federal onshore lands for oil and gas
development.”
“It
takes 307 days for the federal government to process a permit to drill, but only
27 days for Colorado and ten days in North Dakota.” Both states are reaping the
benefit in terms of jobs and revenue generated while “energy production on
federal lands is stagnating.”
In a
nation that is $16 trillion in debt with trillion dollar annual deficits this
runs counter to anything that makes any sense at all.
Just
how much wealth is represented in the energy reserves the Obama administration
to which has and will continue to deny access?
“These
technically recoverable resources,” Simmons told the committee, “total 1,194
billion barrels of oil and 2,150 trillion cubic feet of natural gas that is
owned by the federal taxpayer…the value of the estimated oil resources is $119.4
trillion and the value of the estimated natural gas resources is $8.6 trillion
for a grand total of $128 trillion.”
If you
wondering why the U.S. is borrowing trillions from other nations and
contemplating the sequestration of funds for both domestic and defense when it
sits atop enough energy reserves to wipe out our debt, reduce the importation of
oil from nations that do not much care for us, and has millions unemployed when
our energy industries alone could employ many of them and encourage
manufacturing that would employ even more, you are asking the right
questions.
Instead, the Obama administration has
wasted billions on the most unreliable and uncompetitive energy producers, wind
and solar, while promoting electric cars that no one can afford or wants to
purchase. At one point the President was ballyhooing algae—pond scum—as a
potential energy source! This lies somewhere between criminal stupidity or
deliberate harm to the economy. For the record, in 2011, wind power produced 1.2
percent of the energy used in the United States and solar power produced 0.1
percent. Without subsidies and mandates they would not
exist.
What is
truly astonishing despite all the lies we’re being told about energy, in 2011
the U.S. produced 23.0 trillion cubic feet of natural gas, making it the world’s
largest natural gas producer. Naturally, the federal government is dragging its
feet on permissions to build gas export facilities.
In 2011
the United States produced 5.67 million barrels of oil per day. It could be the
world’s leading producer if the government would permit access to just those
parts of the more than 41 million acres of land it owns in our name under which
can be found a treasure of oil, as well as natural gas, and coal.
The
federal government currently owns or manages 755 million acres of onshore
subsurface mineral assets. Offshore it owns or manages 1.76 billion acres of
lands and mineral assets. The Congressional Budget Office estimates that state
and national coffers could generate nearly $150 billion over a ten-year period
if these resources were immediately opened.
Instead, the nation is so badly
mismanaged that, while the New Depression lingers on, the Institute on Energy
Research estimates the worth of the government’s oil and gas technically
recoverable resources are worth $128 trillion, about eight times our national
debt!
We are
all the victims of the most incredibly stupid Congress and the present
administration whose single goal seems to be to impoverish as many Americans as
possible so that the few remaining job-holders can be taxed enough to pay for
their government benefits.
© Alan
Caruba, 2013