Saturday, May 31, 2008

States Could Be Part Of The Energy Solution, Not Part Of The Problem

As of right now, 85% of the U.S. coastline is off-limits to energy production because of (anti-capitalist) environmentalists. Most of this includes huge reserves off the Florida coast. The problem is that the politicians (Mel Martinez and Bill Nelson in particular) are not willing to become a part of the solution. But here's an idea that is so logical, there is no way in hell Florida politicians will ever consider it.

Representative Sue Myrick of the House Energy and Commerce panel wants to let coastal states decide whether drilling would be environmentally risky. In other words, don't let drilling be stopped on a national level ... let the individual states decide. It would essentially give coastal states that want offshore drilling the power to opt out of the federal Interior Department's offshore restrictions. There's only one problem with that ... what if coastal state don't want to drill. What if they are most concerned about the view their residents will have from their beach condos than actually becoming part of the solution?

Of course, there are incentives in Myrick's bill. She proposed letting states in on federal revenues from leases. It would also give states the ability to control energy production up to 100 miles off their shores and extend their territorial waters.

So we'll leave you with some information from Investor's Business Daily about America's energy security.

  • Less than one one-thousandth of a percent (0.001%) of the 7 billion-plus barrels of oil that Washington has allowed to be produced offshore over the past 25 years has been spilled, according to the Interior Department.
  • A whopping 63% of petro pollution in North American seas comes not from offshore rigs, but from natural seepage from the sea floor. Source: National Academy of Sciences.
  • There hasn't been a major oil spill from an offshore well since 1969 even though rigs since then have been lashed by Katrina and other major hurricanes.
Neal Boortz

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