Energy Policy Mis-Management

The EPA and Endless Mischief!!

On August 3, Mr. Obama accelerated the timetable in his war on coal, with new EPA regulations to reduce carbon emissions from power plants by 32% below 2005 levels by 2030. The White House openly admits that the goal is to use much less coal and force utilities to consume far costlier and less reliable "renewable" electric power.

In 2008, candidate Obama boasted that his radical climate change policies would "bankrupt" coal-fired power plants.   Details...

So What's This Fracking Stuff All About?

For decades, politicians have been nattering on about how America must become energy independent, rely upon its own resources for energy needs.  Thanks to Fracking technology, America is close to energy independence, even exporting oil and natural gas products that exceed domestic needs.  As the accompanying chart of oil production for 2014 indicates, today the US ranks in the top three countries in the world.  Some key insights:

  • ​Oil production in US up, with 4.5M barrels per day from fracking methods, compared to total production of 14M+ per day
  • Imports of liquid fuels is down from 60% in 2005 to 33% in 2013, is expected to fall to 22% in 2015, lowest since 1970
  • ​-Cost of oil down from $115 per barrel in June 2014, to $46, producing lower prices at the pump for all consumers
  • OPEC strategy of producing high volume of low cost oil to crush the fracking industry in the US has failed

Energy Costs: The cost of all forms of energy are rising due to EPA regulations, supply v demand issues, and taxes. Support candidates who promote energy production policies that meet the needs of consumers at costs not driven by taxes and regulations.   The chart illustrates current sources of energy for the US market.   Note the energy sources heavily promoted (solar, wind, geothermal, etc) generates about 1% of national energy needs.