Recent advances in technology for extracting natural gas from shale and methane beds have dramatically changed the global outlook on energy supplies.
The claims of BP and Statoil are so extraordinary that we may need to rewrite the geo-strategy textbooks for the next half century.
Please note: The free market is making these advances, without a trillion-dollar government program dictating outcomes.
John Tierney (NYT), quoting Amory Lovins on the ideal national energy policy:
Nuclear power and all other ways to produce or save energy should be allowed to compete fairly, at honest prices, regardless of their type, technology, size, location, or ownership.
In other words, allow the free market to chart the course, not government regulators. Fantastic idea — which it why it will never be implemented.
George Will takes a hard look at all the outrageous promises that Obama is making about what he will do when he becomes President, from requiring that 10% of our energy come from renewable sources within four years, to getting a million 150mpg vehicles on the roads within six years. Obama flings these promises about without a hint of how the government will intervene in the markets to make them happen, or how much it will cost. If the American people took the trouble to tally up the bill on all of Obama’s wild claims, they would laugh him off the stage. As Will notes,
In this year’s campaign, soggy with environmental messianism, deranged self-importance and delusional economics, the question is: Where is the derisive laughter?
According to John Weidner, read Alice in Wonderland and the energy crisis suddenly makes sense — in a perverse, progressive sort of way.
So who’s blocking “alternative power?” “Renewable energy?” Greens. Leftists. Democrats. No surprise there; once you abandon the use of logic, anything is possible . . .
“Alice laughed: “There’s no use trying,” she said; “one can’t believe impossible things.”
“I daresay you haven’t had much practice,” said the Queen. “When I was younger, I always did it for half an hour a day. Why, sometimes I’ve believed as many as six impossible things before breakfast.”
I thought bicycles were the ultimate “green” transportation option. But somehow that option didn’t make it past the planners at the upcoming Democratic Party convention in Denver.
This is what happens when you put politicians, especially liberals, in charge of energy policy.
Okay, the fine print says it’s a security issue. But I suspect that could have been overcome with a little creative planning.
Hats off to ABC’s George Stephanopoulos, who repeatedly hammered House Speaker Nancy Pelosi on her refusal to allow an up-or-down vote in the House on the offshore drilling issue. Pelosi weaved and dodged and tried to shift blame on the evil Republicans, but Stephanopoulos refused to be distracted, repeating the same question over and over again. Pelosi came off looking like a fool.
Either ABC has suddenly turned into an agent of the RNC, or Pelosi is so out of touch with mainstream America that even the media can see it.
When it comes to energy, the politicians in Washington don’t get it. Texans do.
If there is an energy crisis in this country, it is because too many states and too many lawmakers in Washington are too timid about allowing entrepreneurs to bring to the surface what is buried right below us. In Texas, we’re not timid. Thanks to longstanding public policy encouraging responsible production, 18% of all the oil and 30% of all the natural gas produced onshore in the U.S. is produced in this state. That makes us the No. 1 energy-producing state in America.
Oh, one other little detail. The aggressive approach to energy production in Texas is one reason Texans do not pay any state income tax. Those evil oil companies pick up the tab for them. I could live with that.