Hidden Gold – A Crossroads in the Energy Industry

Due to the Trump administration, the United States has become energy independent, no longer needing the imports of crude from the Mideast and other regions, which have been a powder keg of problems for the United States and the rest of the world

Our country is at a crossroads. Many states with immense natural resources of oil and natural gas are, in some instances, ignoring or prohibiting the great power of natural resources resting beneath their own feet. It’s a sort of modern-day gold rush. To clear up and point out these uncertainties, President Donald J. Trump has made quite a few speeches punctuating the somewhat perplexing contradictions in those anti-energy states. A good example is the state of New York, whose governor and leftist legislature refuse to allow any pipelines to cross the state border. Instead, these areas must import liquefied natural gas (LNG) from Russia for their winter heating and household or business needs. However, it’s widely known that our own pipelines would bring safe, clean natural gas to not only New York state but to the entire New England area. Energy costs could be cut in half, even with those huge state taxes on the power bills of their citizens.

 

As winter now arrives, tense memories of last winter’s shortages and rationing of energy come to mind. People in those areas remember how the wind turbines and solar panels failed as polar vortex after polar vortex attacked the region. Surprisingly, even with these facts in front of them, the state of Pennsylvania, through their governor and their own leftists in the legislature, appears to be going along the same track of heavily taxing, and in some instances, denying future development of, the oil and natural gas industry. It’s an industry that has brought jobs and a better economy to many regions because of President Trump’s focus on the industry.

 

Due to the Trump administration, the United States has become energy independent, no longer needing the imports of crude from the Mideast and other regions, which have been a powder keg of problems for the United States and the rest of the world. In previous administrations, the U.S. energy industry was under relentless assault by federal bureaucrats. Pipelines were blocked for virtually no reason, and fracking, drilling and even exploration were denied. The previous administrations also said the United States was going to fulfill the Paris Climate Accord. Apparently, we would not only fulfill the stipulations — but fill the coffers of other nations with U.S. dollars.

 

The Accord was completely unfair to the United States, and President Trump officially withdrew the U.S. from that document. It was noted that while other countries were allowed to violate the environment in ways the U.S. would never have done in its worst nightmares, the U.S. bore the brunt of the restrictions. Those countries and their outright pollution were, for the most part, ignored by the Paris Climate Accord and its ancestor, the Kyoto Protocol. Those two agreements laid the foundation for the leftists’ Green New Deal, also known as high tax socialism, where absolutely no oil or natural gas would be produced, and all energy would be of “green” sources such as wind and solar. These have already been proven failures in inclement weather. They’ve also been proven, ironically, to be heavily dependent upon the oil and natural gas industry for their own production.

 

Starting with the Kyoto Protocol, which in its original form was basically a guideline, the Paris Accord and Green New Deal built on themselves to push forward the carbon tax. This is a tax that each consumer would pay on their energy and fuel bills, even if they somehow only used “green energy.” The carbon tax would also be hidden in everyday purchases, such as groceries and clothes, because, undoubtedly, these items would get to the stores via some form of transportation. The cost of transportation would include a carbon tax, and thus the cost of the item would increase. 

 

In some nations, the carbon tax would be alleviated with a carbon credit where the users of green energy would receive a tax credit on their energy bills. In these countries, the credit hasn’t matched up to the tax that was paid. This reveals that the green industry cannot produce enough energy and must be subsidized by the oil and natural gas industry. Even if some country or state is actually able to remove oil and natural gas from its borders completely, the green industry would still have to be subsidized in some form. 

 

Surprisingly, some oil and natural gas companies are actually supporting a carbon tax in some form in order to receive funding for their start-up green departments. These companies that have started these green incentives are realizing that green is not self-funding, and it needs outside sources of funding for production.

 

So why would some oil companies not just focus on keeping their oil and natural gas successful? Investments should be made to improve the industry supporting our modern-day energy needs. For example, it’s known that pipelines are important to the infrastructure of the U.S. energy industry. Pipelines support high paying jobs and are a safe and economically means of transporting oil and natural gas. Pipelines assure families have safe, low-cost energy and help to produce above-average salaries for American families across the nation. 

 

On the other hand, the green industry has not fueled economic growth, as it is heavily subsidized. Oppressive regulations or removing the oil and natural gas industry actually hurts the green industry and the economy. 

 

President Trump says, and the economic data backs up his claims, that the U.S. is having its best economic times in decades, if not in its history.  Energy independence has led to an economic boom in the areas where it has lifted up all aspects of trade. This includes areas that were severely depressed just a few years ago. More jobs lead to higher wages, which leads to a better infrastructure of roads, bridges, homes, better schools, a stronger community and prosperity. 

 

Congressman Kevin Brady, of the United States House of Representatives’ powerful House Ways and Means Committee, explained to me during a conference in The Woodlands, Texas, “It’s transformational, not only for the U.S. economy but for the entire world. You’ve noticed that there are other countries in addition to ours who no longer have to rely on unstable regions of the world nor Russia for their energy supply. And American energy is clean, such as natural gas, shale, low emissions energy. And some of us might recall the economic instability caused by the oil embargoes and threats of embargoes against the United States in the not too distant past, but with the Trump administration – no more! Today in this conference we are having the students here who will benefit immensely from all this in their lives, as they and their schools, universities have already. They won’t have to worry about energy insecurity as this administration continues. None of us will have to worry.” 

 

These facts were echoed by freshman Congressman Dan Crenshaw who said, “Last year alone, the Texas oil and natural gas industry paid the equivalent of $38 million a day to fund our schools, roads, universities and first responders. Not to mention the natural gas revolution was a top factor in reducing CO2 emissions. This is good news not just for Texas, a global energy leader, but for the whole country. Energy independence means cleaner and cheaper energy for all of us.”

 

Just then, it started to make me wonder, if just for a brief nightmarish moment, what the outcome would have been had the other party won the election three years ago. Quickly the coffee kicked in, and I realized we were not in that nightmare, but a dream come true. 

 

And as the President said many times, the U.S. is now the number one producer of energy, “not by a little bit, but by far. Way ahead of Saudi Arabia. Way ahead of Russia. But we can do even much better than that.” The President adds that we have to work on getting a pipeline through New York. “We have to do that.” The export of U.S. oil and natural gas is at a high. Savings at the gas pump and lower energy bills lead to more money in a family’s pocket, which leads to more economic expansion. It’s basic economics. 

 

The Trump administration made this a goal from day one, for the U.S. to export more oil than it imports. This achievement is directly the result of his administration’s efforts. It’s very clear: Last year, the United States exported more crude oil and fuel than it imported for the first time ever. And a stronger economy in the United States means a stronger world economy also. 

 

As the president has often said, “I was elected to be the President of the United States, not the President of the World.” But as the President keeps a laser focus on the economy and the energy industry, the leftists in Congress along with their state and local cohorts have begun a push for “environmental justice” which is clearly just a half-baked attempt at weakening the United States’ economy for their own political gain. It’s a sad state of affairs when a political party attempts to weaken a strong economy, hurting their own constituents, just for a few cheap votes. That’s not “justice,” that’s just being a sore loser, and it speaks volumes of that ideology. So far, their attempts are not being bought into by mainstream America — thankfully so. Our country has reached that crossroads, and chosen the correct path to a bright future. 

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