Posted January 27, 2014
Free America’s Energy Future: Drop Washington’s Counterproductive Oil and Natural Gas Ban
Forbes (Doug Bandow): For years people have been told to expect a dismal energy future. But because of rapid free market innovation, Americans now can look forward to a future of energy abundance. The U.S. could even become a leading exporter—if Washington gets out of the way.
Successive presidents and Congresses imposed controls, approved subsidies, created bureaucracies, and issued proclamations. The most common commitment was to achieve “energy independence.” But President Ronald Reagan set the stage for today’s energy advances by unilaterally eliminating oil price controls and pushing Congress to drop natural gas price and use restrictions.
His successors, however, have regressed back to expensive social engineering. George W. Bush declared war on the common light bulb. Barack Obama poured billions into the coffers of well-connected alternative energy firms, several of which, such as Solyndra, have gone bankrupt. And everyone continued to support the authoritarian Gulf kleptocracies, led by Saudi Arabia, to ensure access to imported oil.
Yet an energy revolution is underway. Observed Mark P. Mills, an Adjunct Fellow at the Manhattan Institute, “The game-changing technologies that have emerged involve hydrocarbons: natural gas, oil, and coal.” Major advances have been made in locating and extracting resources—such as horizontal drilling and hydraulic fracturing, or fracking—and operating in more distant and hostile environments.
Read more: http://onforb.es/1f7kRXN
More industry news:
Pipeline Construction Pumps Energy into the Midwest Economy: http://bit.ly/1iE6iR0
Opinion: Shale Helping Boost Pennsylvania Recovery: http://bit.ly/1cmMmyo
Fracking Taxes: Oil Boom Drives North Dakota Revenue Up Nearly 135 Percent: http://bit.ly/19XHAb7
U.S. LNG Exports Would Improve Environment, Boost Louisiana Economy: http://bit.ly/1aDe62W
Former U.S. Fighter Pilot Touts Fracking Wastewater Technology: http://buswk.co/1lhNfhg
Letter: Drilling Brings Jobs, Prosperity: http://bit.ly/1mPgNOI
Editorial: Keystone Cop-Out -- Further Further Delays of Northern Portion of Pipeline Are All About Politics: http://bit.ly/1cmN26P
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.