WITH A GOP MAJORITY IN BOTH HOUSES…THIS WILL CHANGE…..THE OVERWHELMING OPPOSITION TO THE KEYSTONE XL PIPELINE CAME FROM THE DEMOCRATS- EVEN THOSE WHO COVERED THEIR OPPOSITION WITH FAUX “ENVIRONMENTAL” AND EPA CONCERNS. OBAMA CANNOT DUCK THIS ANYMORE….THE MAJORITY OF THE GOP SUPPORTS KEYSTONE AND CURBING THE EPA’S STRANGLEHOLD….RSK
“This is not the same industry we had 15 years ago,” Natural Gas Supply Association VP Jennifer Fordham said recently. That’s an understatement. The oil, petrochemical and manufacturing industries are also far different from those of 15 years ago. Together, they’ve created hundreds of thousands of new jobs and generated countless billions of dollars in economic activity. No thanks to the Obama Administration.
From EPA to Interior and even the Energy Department, the Administration continues to display a strong animosity toward fossil fuels. Its war on coal has hounded mines, power plants, jobs and communities. Its opposition to the Keystone XL pipeline has thwarted the creation of tens of thousands of construction jobs. Its bans on leasing, drilling and hydraulic fracturing on federal onshore and offshore lands have caused a 6% drop in oil production from those lands and a 28% plunge in natural gas output – costing thousands of jobs and tens of billions in bonus, rent, royalty and tax revenues to the U.S. Treasury.
Nevertheless, you’d think Obama regulators and policy makers would support natural gas pipelines. Even the Sierra Club promoted this fuel as a “clean alternative to coal” just a couple years ago. But no.
The fracking revolution on America’s state and private lands has unleashed a gusher of mammoth proportions. In just six years, 2008-2014, it has generated a 58% increase in oil production (from 5 million to 8 million barrels per day) – and a 21% rise in natural gas production. By the end of this year, U.S. crude oil production is projected to reach 9 million bpd. In the Marcellus Shale region, gas production is expected to reach 16 billion cubic feet a day, twice the volume of only two years ago.
However, this miraculous cornucopia is overwhelming the nation’s existing delivery systems and, far from striving to eliminate the bottleneck, the Obama Administration is creating new ones.
Not having the Keystone pipeline to transport Upper Midwest crude to refineries has forced oil companies to move that oil by train. Rail accidents have caused spills and deaths, but the regulatory focus has been on stronger tanker cars, with insufficient attention paid to track maintenance and safety – or pipelines.
Insufficient natural gas pipelines mean producers cannot deliver this vital fuel to homes, hospitals, factories and electricity generating plants, or to petrochemical plants that use it as a feed stock for literally thousands of products. Pipeline companies are clamoring for construction permits.