In a speech at the University of New Hampshire, former Utah Gov. Jon Huntsman spoke about his energy platform and made a strong commitment to domestic energy development.
Huntsman has been campaigning vigorously in New Hampshire as the state is absolutely critical to him if he has any chance of winning the nomination.
So far he has taken steps to place the state in the central focus of his campaign. He has moved his campaign headquarter there from Florida and made a bold move to boycott the Nevada Republican debate after the Nevada Republican Party tried to move up its primary to compete with New Hampshire’s first in nation status.
Huntsman said that on his first day in office he would “take three immediate steps.” He said that this would create a “sea change in energy policy.
First, Huntsman said that he plans to, “Clarify rules that will ensure the safe and rapid expansion of offshore drilling and fracking.”
“I will move to open up our fuel network to all forms of energy, biofuels, natural gas and electricity,” Huntsman continued.
Finally, Huntsman ended his three proposals by saying, “I will systematically begin to eliminate every subsidy for energy companies, whether it be oil, natural gas, wind or solar. Under my presidency the United States will get out of the subsidy business.”
Huntsman said that he would direct the money that would have been used for subsidies to basic research. This is part of his overall plan to strengthen America’s domestic energy production while also making those sources more competitive globally and nationally.
According to Huntsman, these changes will improve American energy production, make the United States more independent and will make the country less susceptible to deep recessions. In the current economic stagnation that the country is experiencing, unleashing America’s vast natural resources could be a major job creator, both through the direct creation of jobs in the energy industry as well as though increased economic activity.
“10 of our last 11 recessions were preceded by sharp spikes in the price of oil. Three years ago, it was the doubling of oil prices that helped bring our economy to its knees. When prices rise, and motorists and truckers have no choice but to pay more at the pump, it depresses economic growth,” said Huntsman
“Energy drives everything we do.”
In the question and answer session after the speech, Huntsman also delved into other important topics that relate to job creation. He talked about all of the “barriers” that stand in the way of the expanding economic base.
Huntsman spoke about the struggles of the next generation of college graduates, who he called the “creator class”, when he was the governor in Utah. They were leaving the state after graduation, something that was causing great difficulty. He dealt with it by making the state more business friendly and open to investment.
The lack of opportunities will make a state and the country undesirable to young talented people.
“If you are scaring capital away, then you are scaring immigration away too,” said Huntsman.
There are two things that Huntsman said are needed to succeed in a modern economy.
“You need innovation, which is market freedom. You need a creative class who can think big, come up with new ideas, innovations,” Huntsman continued, “Then second you need a marketplace in which those ideas can be transferred.”
Huntsman then belabored the point that America has the best innovative class in the world, and that in this area America still leads the competition by a large margin. America’s problem is that “America has fallen behind on number two.” That is that America currently struggles at “maintaining a viable marketplace.”