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Monday, November 14, 2011

It’s all about energy, cost, and international competition (continued)

In late-December 2010, 16 trillion cubic feet of gas was found off the cost of Israel in what is being called the Leviathan Field. The Julia Field was discovered in 2008 in the Gulf of Mexico and is called one of the greatest discoveries of the Gulf with an estimated 1 billion barrels of oil—but the Interior Department is now fighting ExxonMobil over its control. Clearly there is no energy shortage.
While Europe is not rich in energy resources, they do understand their importance. They know they need energy.
Last week, on November 8, the Nord Stream Pipeline opened and began delivering Russian gas to Germany. With proposed plans to close their nuclear power plants by 2022, Germany needs the resource from Russia—though it does raise the specter of dependence on Russia/Russian energy control. Work is underway to build pipelines from other sources, which will minimize Russian domination.
Two days later, on November 10, President Obama announced a delay of more than a year to the true-shovel-ready XL Pipeline that would have created thousands of industry-funded jobs and reduced America’s dependence on Middle Eastern oil. The pipeline would have brought both Canadian and northern US oil to refineries in the southern United States. Instead of diversifying our energy supplies and suppliers, we remain reliant on unfriendly countries.
Some might point to the November 8 announcement of a “modest expansion” in offshore leasing to indicate a change in the Obama administration’s attitude—though, in light of his ideological opposition to oil, gas, and coal, the proposed plan is more likely the result of public and industry pressure and the upcoming presidential election. Much like the apparent reverse on the ozone regulations left plenty of onerous, price-elevating regulations in place, this modest expansion still keeps many of America’s most promising energy resources—some the most promising in the world—off limits.
Worldwide, more and more energy resources are being discovered, developed, and delivered. In the United States, not so much. Like public and industry pressure pushed for an increase in offshore leasing and a decrease in the EPA’s economically destructive regulations, we need to keep the pressure on and engage friends, family, and neighbors to do the same. Congress needs to hear from you. We need to be exploring and discovering here. The dollars spent in development, need to be on US projects, creating American jobs—both private and union.
In the global economic war, America is not poised to win. But the war is not over yet. Together we can turn it around.

Marita Noon is the executive director for Energy Makes America Great Inc. and the companion educational organization, the Citizens’ Alliance for Responsible Energy (CARE). Together they work to educate the public and influence policy makers regarding energy, its role in freedom, and the American way of life. Combining energy, news, politics, and, the environment through public events, speaking engagements, and media, the organizations’ combined efforts serve as America’s voice for energy. Marita’s twentieth book, Energy Freedom, has just been released.