published Saturday, January 7th, 2012

Canadian vs. Middle Eastern oil

In an ideal world, Congress and President Barack Obama would smooth the path to the development of the United States' substantial supplies of oil and natural gas. That would reduce our dependence on foreign oil, and it would lower gasoline prices. At the same time, it would helpfully reduce the flow of oil revenue into unstable, radical foreign governments such as those in Iran, Saudi Arabia and Venezuela.

But we do not live in an ideal world. Despite the United States' record of safe oil production in places such as Alaska, Democrats in Congress and President Obama have placed much of our domestic energy supply off limits to exploration, for unjustified environmental reasons. That leaves us to some degree at the mercy of anti-American oil-supplying countries -- which may not have the same environmental safeguards in oil production that we have.

And now, a big part of even our foreign oil supplies may be in jeopardy as well. Responding to sanctions over its nuclear weapons production, Iran is threatening to shut down traffic in the Strait of Hormuz, a vital waterway through which about 40 percent of all the oil that travels by sea is shipped.

The U.S. Navy will no doubt be able to keep the strait open, but Iran's saber-rattling is making oil prices soar, resulting in higher gasoline prices in the United States and elsewhere. Iran's actions are also worsening instability in the region.

So, Washington is unwilling to let our nation fully tap our own energy supplies, and we also face a threat to much of the oil we get from the Middle East.

What makes that situation even more painfully ironic is that the Obama administration also has needlessly postponed -- and may reject outright -- the construction of a job-creating, 1,700-mile pipeline to bring lots of oil from friendly Canada to refineries along the U.S. Gulf Coast. That pipeline would be the next best thing to producing our own oil, and it's clearly better than depending on the Middle East.

The project has been through years of review and multiple studies on its possible environmental impact, and there is no reason to think it cannot be built and operated safely as it winds mostly through sparsely populated parts of our nation. Yet to appease the environmental extremists who support him, the president is standing in the way of construction of the pipeline, which could create 20,000 U.S. jobs.

The United States' need for energy is not going to diminish but increase, and unemployment is far too high. Yet the president is blocking both domestic energy production and job creation. That is beyond frustrating.

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nucanuck said...

The editor ignores the facts about the world's oil supply.

About half of the world's oil has been consumed. That was the easy oil...the cheap to produce oil. Demand for oil grows exponentially and the old elephant fields are slowing down. New discoveries haven't kept up for thirty years. Developing all remaining American oil reserves would only make a tiny blip on a world oil chart for a very few years.

The US has reduced oil consuption every month for the past forty seven months and the price of oil is still rising. We aren't going to run out of oil, but we are going to pay much more for it. That increased price will both force us to use less and push us to search for alternatives.

The above editorial offers false hope based on mythology and wishful thinking.

January 7, 2012 at 1:27 a.m.
EaTn said...

Why not build a refinery near the source near Canada if we plan to consume the fuel in the states? Piping and pumping the crude 1700 miles is a joke.

January 7, 2012 at 8:59 a.m.
conservative said...

"The United States' need for energy is not going to diminish but increase, and unemployment is far too high. Yet the president is blocking both domestic energy production and job creation. That is beyond frustrating."

That beyond frustration term is economic terrorism. Osama Obama is an economic terrorist. He is a Socialist, an extreme Socialist, who along with the Demoncrats has sought to destroy our economic system through high taxation, wealth transfer, appointment of Marxist Czars, record spending and debt, takeover and control of auto companies and banks, unemployment, gutting defense forces, driving up electrical rates by shutting down coal plants and subsidizing expensive failures in solar and wind boondoggles, moratorium on oil drilling, and now blocking this pipeline.

Regarding those who would harm our nation, Osama Obama has made Iran, North Korea, Al Qaeda, Hamas look like pikers!

January 7, 2012 at 9:24 a.m.

Canada is still a foreign nation.

And the is prudence in not consuming your resources. The real threat comes from those who want the profit today but don't care about prosperity tomorrow.

Hunter now, or starvation in the future? Be the ant, not the grasshopper.

January 7, 2012 at 9:43 a.m.
rick1 said...

conservative, your post is absolutely correct. Obama and the eniromentalist want to destroy the oil industry and are hell bent on destroying captialism. Notice when Obama went to Brazil and asked them to increase their oil production because we would be their best customer, the enviromentalist and the rest on the left who are so concerned about the enviroment said nothing. Isn't the environmentan an issue that involves the entrie planet, not just this country? Brazil runs the oil company so there was no problem with asking them to increase production but Obama and the enviormentalist refuse to allow any expantion of oil exploration in this country because they are worried about enviormental damage. I guess they could give a damn about the rest of the world.

Enviormental tests have shown it would be safe to run the XL Keystone pipeline down to Texas and it has been reported it would create thousands of jobs and generate billions in revenue. This has nothing to do with the enviroment and everything to do with Obama wanting to destroy the oil companies and captialism, so the govt can take over the oil industry also. Remember Maxie Watters made the comment the Federal Govt should take over the oil companies in this country.

January 7, 2012 at 1:19 p.m.
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