There is no question, everyone is feeling the impact of high gas prices. But what nobody seems to be talking about is how America has the world’s largest combined energy resources. They all seem so focused on trying to become energy independent. And, as cool as that sounds, it is just not possible. Even the President has a few words to say:
“Presidents and politicians of every stripe have promised energy independence but that promise has so far gone unmet,” Obama said.
“That has to change. We cannot keep going from shock to trance on the issue of energy security, rushing to propose action when gas prices rise, then hitting the snooze button when they fall again,” he said.
Contrary to what Obama is saying, the only threat to the security of our energy is him and his administration.
In case anyone missed it, let me repeat something that is of a magnitude of 10 on the scale of news-quakes for Joe Public USA: America’s combined energy resources are, according to a new report from the Congressional Research Service (CSR), the largest on earth. They eclipse Saudi Arabia (3rd), China (4th) and Canada (6th) combined – and that’s without including America’s shale oil deposits and, in the future, the potentially astronomic impact of methane hydrates.
The energy facts in the CRS report should be making front page news all over America. Mostly it isn’t. Given the devastating news from Japan and New Zealand, it may be right to postpone dancing in the streets. But something else is going on. Even though they are going to dominate global energy supply for decades to come the insidious war on vital fossil fuels continues apace.
Thus it perhaps falls to a friend of the US (i.e. me) to state that if the White House is in any way serious about impacting the economic Black Hole that is the burgeoning national debt, reinvigorating business big-time, creating real jobs and restoring ebbing national wealth, the best shot by a distance if you’re American … well, you’re standing on it, or rather above it.While love, spiritually speaking and in fiction, may make the world go around, it is energy – and mostly hydrocarbon energy – that actually drives it. As blockbuster thrillers sometimes put it, “Who will tell the President?”
Finish reading the rest of the write-up at Energy Tribune!