There is a revolution in American energy production going on, but you wouldn???t know it from the policies and pronouncements of the Obama administration. While innovative technologies are flourishing in places like North Dakota, the government insists on leading us to its favored, but largely impractical and costly, energy solutions.
As former presidential candidate Newt Gingrich points out in this issue, America???s ???potential for domestic production of oil and gas are, for the foreseeable future, limitless??? thanks to two technologies, hydraulic fracturing and horizontal drilling, which combine to allow developers to extract enormous amounts of oil and gas trapped in shale deep underground. Gingrich calls it a ???modern marvel to match the Wright Brothers??? airplane and Thomas Edison???s light bulb.??? He predicts that energy will be the foundation of a Mitt Romney recovery, if he is elected.
In the meantime, however, public policies are stuck on fashionable thinking regarding wind and solar sources that, honestly speaking, will never sustain America???s knowledge and information economy, much less its industrial economy, and will never fulfill a goal of U.S. energy self-sufficiency.
In this Special Focus, our invited writers from industry and government and Senior Reporter Audrey Hudson explain exactly what is holding America back, from a policy perspective, to becoming its own best energy supplier, including:
Little is more destructive to both the nation???s energy security and its future than the war on coal, a war that targets the industry that supplies nearly half of all the nation???s power.
Secondly, New York has been studying how to regulate hydraulic fracturing for nearly four years; it???s past time to open the gate. The wind tax credit is supporting an industry???with billions of taxpayer dollars???that deserves an important but only limited place in the energy supply arena. The Ethanol 15 mandate is one that consumers are only now coming to know about, but doubtless will challenge.
And, in an odd way, energy development on private land is helping re-elect President Obama???it is in no way attributable to him, but he benefits from the halo effect of the results.
The war on coal
by Audrey Hudson
The Obama administration???s coal policies threaten to cripple the industry and jeopardize U.S. economic security as those policies target half of the nation???s source of electricity for homes and businesses.
The Romney recovery will begin with energy
by Newt Gingrich
From Marcellus Shale in Pennsylvania, New York and Ohio to North Dakota???s energy boom, the Romney plan will focus on simple, American-based energy solutions.
All they are saying is give fracking a chance
by Steve Everley
Gov. Cuomo and Democrats in Albany, N.Y. are dragging their feet on new rules for hydraulic fracturing, creating over 1,500 pages in environmental studies that represent the most stringent regulatory program.
Why the wind energy tax credit must go
by Rep. Doug Lamborn
Compared with federal subsidies for other forms of energy, wind is a costly investment. For every megawatt hour of wind energy generated, the taxpayer pays $56, compared to 64 cents for coal-fired and natural gas-fired generation.
In Fukushima???s aftermath, nuclear industry stepped up safety measures
by Anthony Pietrangelo
Nuclear is a low-carbon alternative in America???s energy portfolio while wind and solar technology are dwarfed by nuclear???s around-the-clock, high-output performance.
A new American energy plan must begin and end in Alaska
by Rep. Don Young
Time and time again, Obama has sided with environmentalists, helping them stifle the economic engine in Alaska, while claiming otherwise in the press and on the stump.
With E15, the ethanol industry wins, but American consumers lose
by Charles T. Drevna
Ethanol 15 was rushed onto the market by the Environmental Protection Agency without conducting proper testing. By doing so, the EPA has created safety, operability and liability concerns.