Mar 6, 201508:31 AMVan Lines
with Joe Vanden Plas
Don't kill the American energy advantage
(page 1 of 2)
From the pages of In Business magazine.
The nation’s energy renaissance arrived just in time, but for some strange reason, some elected officials are trying to undermine it.
Thanks to recent breakthroughs in drilling technology, we have emerged as the world’s top producer of natural gas, and our ability to locate and extract shale oil makes OPEC very nervous. One would think such developments would be greeted with cheers in every corner, but President Obama’s threatened veto of legislation to advance the Keystone XL pipeline and the administration’s moves to slow the flow of oil from the Trans-Alaska pipeline make you wonder.
We should be taking full advantage of our enhanced energy production, for the sake of our economy, for the sake of a more sustainable future, and for the sake of reducing global dependence on oil from tyrants like Russia’s Vladimir Putin and the Iranian mullahs.
Why should this even be the subject of debate? Even as we develop alternative and renewable forms of energy, we’re going to need oil for the foreseeable future. Why not get more of it here instead of sending our petro dollars to some sponsors of terrorism?
If we’re going to make both private and public investments in alternative energy, we’ll need a strong economy that produces ample tax revenue. A strong energy sector is an essential part of the mix. It’s not a matter of either/or, it’s a matter of “all of the above” as we continue to make the transition to cleaner alternatives.