The Reality Is, We Need Oil
by Jason BradleyThe cry for America to wean itself off foreign oil is well founded. After all, we get our oil from a backward region of the world where anti-Americanism is institutional and academic. Since America possesses an abundance of natural resources, with real potential for a boom in energy production, those cries strongly resonate. A current estimate of natural gas in America is 2,047 trillion cubic feet. That is enough to power our nation for the next 100 years.
A study by the Congressional Research Service claimed that America’s supply of recoverable natural gas, oil, and coal is the largest on the planet. Furthermore, we have the ability to tap into an estimated 165 billion barrels of recoverable oil. Even with the current rate of consumption, our supply of oil is enough to fuel the country for at least the next 75 years. Even if we currently lack the infrastructure, the potential exists. And with the injection of revenue and capital investments from a nation as rich as ours, industry technology and innovation would increase likely lowering prices on extraction and production.
The powers that be, however, have a different view of these potentials. It is not a misunderstanding or differing arithmetic. Rather, it is ideologically and politically motivated. Democrats continuously marginalize America’s potential for domestic energy production. Their law makers, with the help of Obama’s pen and rhetoric, have declared war on energy. They chose to tax “Big Oil”, limit oil production and exploration, revoke leases for inland production and financially backbreaking businesses to drill on federally owned land. Democrats decry record profits made by the oil industries as evil and mislead the country to believe they are only leveling the playing field between consumer and producer. In actuality, the Earth-Democrats are engineering a sinister plan for blowback. A person who possesses even an elementary understanding of macroeconomics would know these added costs will simply be passed on to the consumer. Since the days of horse and carriage are long gone, and Americans still rely on oil and gas to commute and move produce across a country roughly the size of Europe, the market will survive out of necessity. That is until taxes on gas and mileage go up. The word is sabotage.







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