A reversal of our possible fortune
Flip-flopping like a fish on a hook, Barack Obama once again turned the spigot off on the prospect of oil and natural gas exploration offshore in the Atlantic Ocean. It proves once again that the claims he’s made advocating an “all-of-the-above” energy policy are just more lies and that he’s not interested in helping our nation prosper by tapping into its vast energy resources.
It also proves that those who use the scare tactics of making people believe that oil spills are a daily occurrence, rendering the Gulf of Mexico a permanently fouled body of water, have managed to grab the attention of the powers that be. Consider the opposition that was drummed up to offshore seismic testing over the last few years as oil exploration was considered – but not a peep when it was done to locate sites for wind turbines. Either marine life is important or it isn’t.
It’s been my contention that the defense of “well, there really isn’t that much oil out there to bother with” is conveniently based on information that’s 30 to 40 years old, and as technology has improved the amount of oil believed to be recoverable invariably goes up. We could have far more available to us than we have been led to believe, and I think that is what scares the environmentalists more than the (very remote) prospect of an oil spill. The larger the oil supply, the more reasonable the price and the less incentive to turn our energy future over to unreliable solar and wind power.
So why does this tick me off so much? As I see it, America is in a position where we can be energy-independent to the extent that we need not import from overseas. Our continent has plenty of resources if we just get the desire to use them to both power our capitalist system and create thousands of good-paying jobs. It’s all about creating value, and a resource that is useless to us if kept in the ground becomes the fuel for our economic engine once extracted. A barrel of oil could be used in so many ways – as fuel, a lubricant, raw material for plastics, and so forth. Our usage of it assigns its value, and we use that resource to create still more value, whether through transport, extending the life of components, molded into consumer products, or traded as an export. We also use natural gas to create electricity, particularly as a backup fuel for those frequent times when wind or solar power is unavailable. For all its uses, electricity is not as easily transported as oil or natural gas is – normally there’s a loss of a few percentage points for long-distance electricity transport.
Taken to a local level, anything that can diversify the economy from chicken, government jobs, and tourism should be encouraged. We have been sold the pie-in-the-sky promise of being a leader in building wind turbines, but there’s no real market for that without a hefty subsidy. So we’re not building them. I don’t think we will have the saturation level of energy jobs that are present along the Gulf Coast, but even if it’s in the hundreds that would be an economic shot in the arm for the region. Thus, the news this week of yet another delay in Atlantic drilling means a longer economic drift for the region. It also gives the environmentalist wackos – most of whom are from out of the area and don’t care about anything but our financial support – more of a platform to try and drive other businesses away, such as the poultry industry. Their ultimate goal is Delmarva as a “wildlands corridor,” because as you know people are a burden to this earth.
Here’s hoping the new administration points things back in the right direction and allows the energy companies to get a foothold offshore. Let’s see what’s really out there.