“[W]e should allow more access to oil, natural gas and coal opportunities on federal lands,” states the year-end report released Tuesday by the President’s Council on Jobs and Competitiveness.

The report does not specifically mention the Keystone XL oil pipeline, but it endorses moving forward quickly with projects that “deliver electricity and fuel,” including pipelines.

I agree creating jobs for the sake of jobs is not always desirable (i.e. make-work, do-nothing jobs, or, as an extreme example, increasing the demand for contract killers), but this is energy we have at home that does not prop up terrorism or our enemies. The result is economic prosperity, and not just in the energy industry.

Thanks to capitalism, millions of America’s poor are paying less to heat their homes this winter. The middle class and even the rich are saving money because capitalists have found a cheaper way to drill for natural gas on American soil. That increases supply, which drops the prices — by 35% this winter over last winter — but the capitalists still profit because drilling this way dropped their costs.

Not only that, but the natural gas from this drilling has resulted in cheaper feedstock for plastics, ammonia and fertilizer.

The natural gas feedstock supplants oil-based feedstock, thus reducing our dependency on foreign oil.

And, if you continue reading, the EPA is trying to scare folks with junk science so they’ll be against drilling.

I guess this will be just another panel, like his deficit commission, that he can sweep under the rug and ignore, but bring up if anyone says he’s done nothing about the problem.

Filed under: EnergyGovernment

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