Democrats Engineering Another Energy Swindle
That Will Cost Consumers & Taxpayers
By Roy Innis
The “marks” were a bit unsavory, or rich guys or banks that “could afford” to get ripped off. The con artists were affable rogues, administering payback or playing Robin Hood. We rooted for the good guys, enjoyed the suspense, relished the climax, and had some laughs along the way.
Fraud and theft aren’t so enjoyable, however, when the marks are you, your family, your job, your investments, and your pension. The fun disappears when fiction becomes reality, and the sting is engineered by lobbyists, environmentalists, and members of Congress.
That is exactly where we are on energy – the foundation of our jobs, health, living standards, and everything we eat, drive, wear, and do. We are being set up for an elaborate sting that will benefit the few, at the expense of the many, and leave families, businesses, and entire industries struggling to survive.
Since publication of my book, Energy Keepers - Energy Killers: The New Civil Rights Battle, millions of Americans have become aware that this country has vast untapped energy resources.
Three-fourths of U.S. voters now support expanded onshore and offshore drilling for oil and natural gas. A bipartisan coalition in Congress wants to increase domestic petroleum, coal and nuclear power, while fostering conservation and wind, solar and other energy opportunities.
They have been blocked at every turn by Liberal Democrats, many of whom are working with radical environmentalists to eliminate proven hydrocarbon and nuclear technologies that provide 93% of our energy, and replace them with systems that currently generate less than 1% of the energy that safeguards our jobs, homes, security, and prosperity.
However, political realities and voter outrage over soaring gasoline, food, and heating costs forced U.S. House Speaker Nancy Pelosi and U.S. Senate Majority leader Harry Reid to devise an elaborate hoax. It had the trappings of a pro-energy bill, but was as authentic as the betting house and announcer in the classic Newman-Redford film, The Sting.
Their legislation “expanded offshore leasing,” but only beyond 100 miles off most of our coasts, and 50 miles off four states that would get no revenues from leasing or production, and thus would have no incentive to permit leasing. In other words, it allowed leasing only where there was no petroleum, or where drilling and production would be so far offshore and so expensive that no sane company would do it. The bill made 88% of our nation’s offshore oil and natural gas permanently off limits, along with jobs and some $800 billion in revenues that development would generate for state and federal governments.
The pseudo-energy bill also imposed new subsidies to promote unreliable wind and solar power, paying for them with higher taxes and higher electricity rates, as well as new taxes on oil companies, which then would have less money to drill in the few places that aren’t off limits. It mandated that utilities magically increase their wind and solar electricity generation from 1.5% today to 15% by 2020.
Drafted largely by environmentalists and lobbyists, the legislation would have undermined our free market system and given Congress and bureaucrats the power of Roman emperors to give thumbs up or down to companies, industries, and jobs. It would have made lobbyists and pressure groups more important to business success or failure than quality products and services, innovative R&D, or sound management.
It narrowly passed the House of Representatives on a party-line vote. But Senate Democratic leaders knew they didn’t have the votes to override a threatened veto. So they let the bill die. However, Congressman Steny Hoyer says restoring the offshore oil drilling ban “will be a top priority” for Democrats in 2009.
They hope we won’t still be angry about this attempted swindle and soaring energy prices. I wouldn’t bet the rent money on that.
Americans know better than ever before how important abundant, reliable, affordable energy is to our national security, way of life, and civil rights.
We know what soaring fuel prices are doing to our airline, tourism, manufacturing and other industries, to Meals on Wheels volunteers, and to our ability to buy food, heat and cool our homes, take a vacation, and save for college and retirement. We know higher prices will make it impossible for many of us to give more to charity than Senator Paying-Taxes-Is-Patriotic Joe Biden’s lousy $328 a year.
We know what our businesses, schools, hospitals, and lives would be like if the electricity went off every time the wind stopped blowing. What Phoenix, Dallas, and Miami would be like without affordable air-conditioning. What Green Bay, New York, and Toronto would be like without affordable heating.
We can “visualize a planet without cars” – as some urge us to do. It would mean taking hours or days to get anywhere, on foot, bicycle or bus, living with Calcutta-like urban congestion, maybe even going back to 1900 New York City and streets clogged with horses and horse manure, urine and carcasses.
We’re already in the midst of the biggest financial crisis this great nation has faced in many decades. We don’t want to make it infinitely worse.
In one year, we could double offshore oil production from California, just by issuing leases and permits to drill from platforms that already exist right off the Golden State coast. As the world’s third largest oil consumer, right after the U.S.A. and China, California can and should produce more petroleum.
We could go to the Eastern Gulf of Mexico, near Florida, another big oil and gas consumer, not far from where the Cubans and Chinese are talking about drilling just 45 miles off the Sunshine State coast. In a few years, we would have significant production, without harming the environment. Ditto off the Virginia coast, out West, and in Alaska’s Chukchi Sea and Arctic National Wildlife Refuge.
Our energy woes have nothing to do with technology or the will of oil companies to lease and drill. They are due to politics, moratoriums, lawsuits, and anti-drilling pressure-group tactics that block drilling everywhere we turn. We are fed up with it.
This anti-energy insanity has to stop. We’re the only country on Earth that deliberately locks up its own energy resources, and then spends $700 billion a year (the price of the Wall Street bailout) to import substitutes. We’re driving up energy prices and forcing poor families to choose between buying a gallon of milk or a gallon of gasoline.
If Congress can’t get its act together this year, we will make darn sure it gets religion next year.
Political Economy -- Philosophies, Systems, & Public Policies:
Government, the Economy, & Economic Prosperity
Roy Innis is Chairman of the Congress of Racial Equality and its Stop the War on the Poor campaign.
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