A glimmer of hope emerged in the night sky as 26 Democrats joined with the Republican majority in the U.S. House to approve a bill ending the decades-old oil export ban. But the dark lords of correctness and fears of reprisals remain strong, and few and far between are the bopartisan votes in this Congress.
CFACT advisor Marita Noon notes that the Iranian nuclear deal -- which puts Israel at great risk -- is already matched by the fact that Israel relies heavily on Russia and Kurdistan for its crude oil -- and suggests that one major benefit of lifting the ban on U.S. oil exports would be to provide Israel (and western Europe) with alternative supplies of crude oil for their refineries.
“Businesses that sell to foreign markets put more people to work in high-quality jobs, offering more Americans the chance to earn a decent wage,” claimed the Obama Administration’s Secretary of Commerce Penny Pritzker in a March 18 Wall Street Journal (WSJ) opinion piece. She makes a strong case for U.S. exports: “jobs in export-intensive industries pay up to 18% more than jobs not related to exports.” Her premise is: “The U.S. economy ended 2014 on the uptick, and exports added to the momentum.” Noticeably absent is any mention of the potential for “high-quality jobs” and economic “uptick” that would come from [...]
Green gadflies would like to thwart coal exports from Oregon and Washington. This time coal is fighting back.
Paul Driessen lays out the case for ending the ban on overseas shipment of crude petroleum, and in the process notes how shipping crude and refined petroleum overseas would be a boon to the U.S. economy and might also prod European nations to rethink their own policies towards energy production.
U.S. oil and gas production was already declining when the 1973 Arab oil embargo sent oil and gasoline prices skyrocketing and created block-long lines at gas stations. Increased domestic production could have eased the supply and price crunch, but the 1969 Santa Barbara oil spill had resulted in congressional leasing and drilling moratoriums on federal offshore and onshore lands. Though it voted 50-49 to build the Alaska pipeline, Congress refused to allow more drilling. Instead, it legislated a 55-mph speed limit, mileage standards for vehicles, and a ban on exporting domestically produced crude oil. The speed limit was eventually lifted, but [...]
Drilling opponents claim to be protecting the environment. In reality, they simply detest hydrocarbons, modern living standards, free enterprise and personal liberty. Commonsense policies will rejuvenate our economy, put Americans back to work....