A good week for American energy (and American jobs)
I was sitting on some stuff from my old friends at API for awhile, but I decided it was getting a little too stale and broomed it. Luckily for both of us, events and more concise blogging make for a far better analysis, to wit from the Energy Tomorrow blog and Mark Green:
President Trump’s executive orders clearing the way to restart the Keystone XL and Dakota Access pipelines are welcome indeed. Both projects represent great opportunity for U.S. jobs, consumer benefits, economic growth and strengthened energy security.
At the same time, the significance of the White House’s action goes beyond a pair of important energy projects. It’s a signal that long-needed energy infrastructure will once again be able to advance in this country – under regular-order reviews and approval processes – providing broad benefits to millions of Americans. That’s huge.
Both projects had become political footballs, with political agendas trumping science, factual analysis and careful, lawful governmental review.
Keystone XL was reviewed five times by the U.S. State Department, which said the pipeline and the Canadian oil sands it would deliver to U.S. refiners would not significantly impact the environment. It enjoyed strong, bipartisan support from the American public, which saw the privately financed project as a job creator and economy grower. The builders of Dakota Access followed regular permitting and approval processes – only to see politics prevail over the rule of law – with the 1,172-mile pipeline just 1,100 feet from completion.
President Trump’s executive orders allow both projects to get on track again. API President and CEO Jack Gerard:
“We are pleased to see the new direction being taken by this administration to recognize the importance of our nation’s energy infrastructure by restoring the rule of law in the permitting process that’s critical to pipelines and other infrastructure projects. Critical energy infrastructure projects like the Keystone XL and the Dakota Access Pipelines will help deliver energy to American consumers and businesses safely and efficiently.”
I find it amazing just how little of the DAPL was controversial: it would be like driving from here to Key West to stay free at a Gulf-front cottage for a week only to find the last bridge is out and no repairs are scheduled for the month.
While I’m sure the folks in the media work hard to keep a sharp eye out for pipeline mishaps in this day and age, the fact that there’s a “dog bites man” quality to these stories means that they’re a pretty safe way to get oil and natural gas from one place to another. To hear Radical Green tell it, we should have totally contaminated Gaia ten times over by now, so the fact that we haven’t means either we do a good job of keeping environmental damage to a minimum (which, in the long run, pays dividends for these energy companies) or Mother Nature does a pretty good job of healing itself. (Consider the Deepwater Horizon from the more immediate perspective to that of more recent vintage, when those studying had to speculate on mental health of residents because the seafood coming from the Gulf was deemed safe.)
There won’t be a whole lot of jobs from DAPL now (since there’s less than 1/4 mile remaining to be built) but there will be jobs with Keystone. More importantly, this commentary from API reflects their optimism that the Trump administration will be more amenable to their interests, something that was missing over the last eight years despite the industry’s relative prosperity.
Closer to home, here’s hoping that streak continues: there’s been a full-court press on the Radical Green side to keep Democrats in line regarding Governor Hogan’s veto of the “sunshine tax” but also, more behind the scenes, there’s a call for a permanent fracking ban in Maryland. For that I have two words: big mistake. Our options should remain open, particularly since the regulations are being finalized.
America has abundant energy in many places, so if you have it you may as well use it for our good. No need to keep it in the ground – that’s the place for the pipelines to go. Let’s get to work.