This reversal of trend helps explain why U.S. domestic production for the year will be 140,000 barrels a day higher than last year (which was 410,000 barrels a day higher than 2008). Although the U.S. Energy Information Administration (EIA) says U.S. production will decline next year, who knows?
Could these numbers reflect the beginning of the end for U.S. dependence on Mideast oil? Well, in fact, they could be. As Forbes magazine publisher Steve Forbes optimistically asserted the other day, the whole world is “awash in energy.”
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Why Do Greens Hate and Fear Abundant Energy?
By Al Fin,
Al Fin Energy blog
New Republic recently admitted that,
"Utopian environmentalism...is a form of escapism and disengagement from reality." The extremists scoff at science and would apparently prefer scarcity so that bureaucratic rationing will enforce a change in American lifestyles.
Instead of producing more of the cheap, abundant energy that fueled America's dynamic growth, the extremists who support and surround Obama dream of drastically cutting American consumption.ReasonMag
Powerful green (and Luddite) lobbies believe that a source of clean and abundant energy would be an unmitigated disaster to their cause (and their livelihood). That is one reason that the Obama administration is trying so hard to bankrupt coal before clean technologies can gain a foodhold, and to prohibit shale gas and oil sands through backdoor faux environmental regulations. Abundant, clean energy would be a boon to the private sector of the economy and to economic growth. Greens and Luddites hate nothing more than a prosperous, growing private sector.
Reject All Energy Mandates: It’s Just Another Subsidy
By Nicolas Loris,
Heritage Foundation
With cap and trade out of the realm of possibilities, Members of Congress have turned their attention to mandating so-called clean energy.
Some Members hoped for a lame duck vote on a renewable electricity standard (RES), which would require that a certain percentage of our nation’s electricity production come from wind, solar, biomass, and other government-picked renewable energies. With that looking less likely, Department of Energy Secretary Steven Chu mentioned a clean energy standard that includes other carbon-free sources of energy as a possible compromise between Democrats and Republicans next year. The Hill reports:
With climate legislation that would price carbon in a deep freeze for now, Chu called for talks about other policies that could help provide a market signal powerful enough to help spur construction of new multibillion dollar reactors.
