by Richard H. Frank
Every politician that aspires to the Presidency of the United States of America needs to recognize the need for establishing a concise, cohesive policy to achieve energy independence within the next decade. Concise and cohesive means achievable and not the “pie in the sky” green initiatives championed by the Obama Administration. President Obama’s prediction is that 85% of energy generated by 2035 would be produced using green technology. Today, lacking a massive breakthrough, green technology is incapable of meeting such an aggressive targeted projection.
Over the past four decades Government under control of administrations from both political parties, has done nothing to create a plan for energy independence let alone maintain the status quo relative to supply. Government has, in the name of protecting the planet, mortgaged the income off every American to support Middle East oil. Our dependence on foreign oil has risen from 40% in the early 1970s to over 60% today. Each time we pump gasoline for our personal use we must recognize that our dollars are being sent abroad and not utilized to stimulate our economy in America.
The untapped natural domestic resources in the U.S. are sufficient to power our economy for more than 100 years.
Instead of stimulating exploration and development of our existing recourses to meet the energy needs of American, our Government has spent over $820 billion to create or save jobs through unregulated stimulus programs. According to the CBO, each job saved or created cost us, the taxpayer, $228,000.
So now, with chaos in the Middle East, we see oil prices per barrel skyrocketing. Forty-five years since our last refinery was built and fifteen years since the last nuclear power generating plant was commissioned. This represents the dismal record of our Government in the U.S.
Like it or not, oil is the life blood that has nourished and sustained our way of life in America. Should Government continue to stand in the way of offshore drilling, shale oil extraction, clean coal technology and expansion of nuclear power generation, we will be relegated to Third World Nation status.
“Drill Here, Drill Now” and “all of the above” with regard to efficient productive expansion of our natural energy resources must be the basis of our energy policy.
It is not just the cost per gallon of gasoline that we need to be aware of, but every product that is derived from fossil fuels. Food, clothing, chemicals, plastics and synthetics used in our daily lives will skyrocket. When we can no longer afford to fill our automobiles with gasoline, heat our houses and afford food for our families we may get the message.
Energy is destined to be the Waterloo for any political movement that does not wake up and step forward with a plan to achieve energy independence.
What will it take for America to wake up? $5, $6 or $10/gallon gasoline and increasing electric costs per Kwh to cause us to make a choice between lighting in our homes or putting food on our tables?
Filed under: 2012 Presidential Vote, Congress, Energy, The President, Uncategorized | Tagged: $5/gallon, drill, energy policy, foreign oil, gasoline, green energy, inflation, jobs, Middle East oil, nuclear, oil, shale | Leave a comment »