If we do have an energy policy, would someone please explain it to me. Oh, wait a minute. Google can help me with this.
And sure enough, Google had the scoop. It appears that President Obama and Steven Chu do have an energy plan for America. Here is part of a report by Steven Chu, Secretary of the US Department of Energy, issued in 2009:
The energy challenges our country faces are severe and have gone unaddressed for far too long. Our addiction to foreign oil doesn’t just undermine our national security and wreak havoc on our environment — it cripples our economy and strains the budgets of working families all across America. President Obama and Vice President Biden have a comprehensive plan to invest in alternative and renewable energy, end our addiction to foreign oil, address the global climate crisis and create millions of new jobs.
Energy Plan Overview
Provide Short-term Relief to American Families
- Crack Down on Excessive Energy Speculation.
- Swap Oil from the Strategic Petroleum Reserve to Cut Prices.
Eliminate Our Current Imports from the Middle East and Venezuela within 10 Years
- Increase Fuel Economy Standards.
- Get 1 Million Plug-In Hybrid Cars on the Road by 2015.
- Create a New $7,000 Tax Credit for Purchasing Advanced Vehicles.
- Establish a National Low Carbon Fuel Standard.
- A �Use it or Lose It� Approach to Existing Oil and Gas Leases.
- Promote the Responsible Domestic Production of Oil and Natural Gas.
Create Millions of New Green Jobs
- Ensure 10 percent of Our Electricity Comes from Renewable Sources by 2012, and 25 percent by 2025.
- Deploy the Cheapest, Cleanest, Fastest Energy Source � Energy Efficiency.
- Weatherize One Million Homes Annually.
- Develop and Deploy Clean Coal Technology.
- Prioritize the Construction of the Alaska Natural Gas Pipeline.
Reduce our Greenhouse Gas Emissions 80 Percent by 2050
- Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050.
- Make the U.S. a Leader on Climate Change.
How is that plan working out for you, Dr. Chu? Better yet, hows is that working out for you, America? Not so good, is it? So, do you have a better plan, Jim?
I’m glad you asked. How about this:
America’s oil shale reserves are enormous, totaling at least 1.5 trillion barrels of oil. That’s five times the reserves of Saudi Arabia! And yet, no one is producing commercial quantities of oil from these vast deposits. All that oil is still sitting right where God left it, buried under the vast landscapes of Colorado and Wyoming.(Source)
Read that again, five times the reserves of Saudi Arabia. And that is just one deposit! Oh, you don’t like oil. Okay, try this article by Al Fin at OilPrice.com titled “Growing Shale Gas Reserves Compensating for Obama’s Energy Starvation Policies“
The US Energy Information Agency (EIA) is reporting in its Annual Energy Outlook report that shale gas reserves are growing to compensate for losses of offshore gas brought about by Obama’s de facto moratorium on new deepwater production in the Gulf.
The technically recoverable unproved shale gas resource is 827 trillion cubic feet (as of 1 January 2009) in the AEO2011 Reference case, 474 trillion cubic feet larger than in the AEO2010 Reference case, reflecting additional information that has become available with more drilling activity in new and existing shale plays. This larger resource leads to about double the shale gas production and more than 20% higher total lower-48 natural gas production in 2035, with lower natural gas prices, than was projected in the AEO2010 Reference case.
Our Reference case projection shows the growing importance of natural gas from domestic shale gas resources in meeting US energy demand and lowering natural gas prices. Energy efficiency improvements and the increased use of renewables are other key factors that moderate the projected growth in energy-related greenhouse gas emissions. EIA Administrator Richard Newell _GCC
This news will be greeted with dismay from lefty-Luddites, faux environmentalists, peak energy doomers, and others who feel ill will toward the US and the US economy. Those who acknowledge and accept the vital role of energy for the well-being of a society, on the other hand, will welcome the growing resource.
The Obama administration has shut down significant US coal production, has shut down most new or planned offshore oil & gas production, is working on stopping the importation of Canadian oil sands, and has plans to limit shale oil & gas production — or stop it entirely. New safer, cleaner, less expensive nuclear energy reactors are dead in the water under Obama’s foot-dragging NRC. Mr. Obama always intended to institute a comprehensive plan of energy starvation over the US economy, but he had not counted on the recent explosion in unconventional energy resources.
Some estimates I’ve read are that the US has oil equivalents od gas in shale sufficient to supply all of the country’s energy needs for hundreds of years. If these estimates are off by half, there is still no reason the we can’t be energy independent. All we lack is the will. Bush prefered we line the pockets of Iowa corn farmers by insisting that we use ethanol. Obama wants us to pay through the nose for electricity from windmills and solar panels and to drive around in electric hybrid cars. I have no problem if some of you want to drive around in modified golf carts. More power to you. Just don’t ask the rest of us to subsidize you.
All these government proposed energy plans are more costly than energy from $100 per barrel oil. Me, I would prefer my energy at the equivalent of $40 per barrel, which is what the experts estimate for shale gas. What are your thoughts?