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SOME OF THE ISSUES
Our
Energy resources are as fundamental to our well-being and survival as the
oxygen we breathe. Our energy path is closely tied to our
economic decisions, which comprise a 2nd critical
ingredient. Together, due to linkage between these 2 policy
areas, they exert a lot of leverage on our future. Unfortunately,
except in the more specialized media for political analysis, the level
of public political debate on this linkage is fairly
limited. So the purpose of this blog note is to focus a little more
attention on several aspects of this subject and perhaps stir things up a
bit.
It
would be, in my opinion, helpful to the Nation, if we could stop the
extreme negativity of political discourse and the setting of Citizen against
Citizen. Our ENERGY and our ECONOMIC futures should be an area -
- with sufficient education - - where all Citizens could
coalesce behind a rational plan. Our Economic Policy needs a
strong component devoted to a forward look at our energy
future. Our Energy Policy, today pretty much AWOL from the
scene, needs the benefit of a strong tie to economic
reality. We need an alliance of creative and forceful Leadership
together with activist Citizens who can help integrate these 2 critical
foundations of our future prosperity. So I’ve put forth some thoughts
here and in the more detailed slideshow exposition Linked at the bottom
of this note.
There
are some encouraging facts and actions that support a rational plan which
exploits synergisms between energy solutions and economic
solutions. Here are a few points:
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We are an
energy-rich Nation.
- ·
Intelligent
energy solutions can actually help add jobs and help free up needed
funds to meet other of our future needs. Some are being
illustrated as this is written.
- ·
A
well-crafted policy can exploit these strengths and assure American
prosperity and security for our children and grandchildren.
As
the linked slideshow illustrates, America is rich in
recoverable fossil fuels. Much of this resource has become
potentially available through very recent extraction
technologies. This is good news for today, for next year and for
several decades. But it is not a long range plan for the future.
The future inevitably must open a path to more renewable and potentially less
polluting supplies including nuclear, solar, wind, biomass etc.
But
these renewable supplies are not available today without incurring
significant cost penalty. This penalty, in a competitive world,
is like entering a long-distance race while being the sole volunteer to carry
a 200 pound backpack of lead. It may be a grand gesture, but as a
strategy for winning, it leaves much to be desired. So in the meantime,
we must build a bridge to the future fuels, using those we rely upon
today. Am I saying, we should just relax and be happy in our use
of domestic oil, gas and coal? No. That would be irresponsible.
What I’m saying is that an energy policy worthy of it’s name must deal now
with both existing and future fuels by laying out a plan that provides
a reasonable “bridge” between the two.
So
should the Gov’t just mandate to which fuels and at what times this
bridging should take place? No. I don’t think the government is
smart enough to do that. And that’s not because I think all government
employees are incompetent. Rather, it’s because the problem is complex
and private enterprise plus Citizens voting with their wallets provide many
more resources to come to the right answer. But the government
should undertake a limited role that incentivizes the broad Research
and Development that can open up paths to lower the costs of renewable fuels.
An example to follow might be some adaptation of the NACA/NASA Agencies role
in research regarding aircraft development. This research helped
Boeing, McDonnell Douglas, Northrop, Pratt & Whitney, GE and many others
to make a great success of America’s aviation efforts. There should be
some excellent “lessons learned” available.
In the meantime, we are fortunate to be
developing our own domestic resources, such as recently exhibited in
North Dakota associated with the Bakken fields of oil shale.
Production there has created several boomtowns and significantly increased
the oil & gas output in just the last few years. Kudos to those
associated with this effort. Our children and grandchildren will be
beholden to you!
But
there are many further facts and examples to build upon. To cite just a
few:
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Resumption
of Deepwater Drilling in the Gulf of Mexico
- ·
Exploring
and exploiting oil & gas potential in the Outer Continental Shelf
- ·
Opening up
ANWR for production in Alaska
- ·
Planning
for the Keystone XL pipeline to help move our fuel dependency from remote
foreign sources to a North American neighbor of longstanding good
relations.
Of
course, there are those who see things very differently.
Unfortunately, the airwaves and streets are often filled with demands
for action that are largely supportive of narrow, special-interest
Groups. Such Groups have a right to speak for their beliefs. But
those who support a policy more as outlined in this note, have an equal
right and must make more time to speak in behalf of it.
Nevertheless, the overall direction in
which we must travel is clear. Granted, the details remain
to be resolved through technological gains, the efforts of
intelligent incentives by government, and development by Private
Enterprise. A chart in the Linked analsis, from the U.S. Energy
Information Agency, makes a rational projection of what the future
might look like under some reasonable assumptions. Whether this is an
optimum assumption or even the initial basis for a final plan is anyone’s
guess. But it does illustrate a continuous bridge from our past energy
use to a future that incorporates more renewable fuel sources.
What is needed is a Citizen-Government-Industry consensus on how to get
from today to the future based on evolving technology, upon Citizen
choice, and upon market–driven offerings .
CONCLUDING THOUGHTS
We
must not succumb to those who see only government-dictated energy choices and
highly exaggerated forecasts of environmental doom lest precipitous choices
be made to jump prematurely to new technologies. With such a
jump, costs will boomerang into a handicap to America’s
economic competitiveness.
In
sum, known challenges exist and there are likely many others yet to be
uncovered. But that is a situation America has faced
before. We have the talent, the ideals and the freedom to solve these
problems as Americans before us have done. But it will take broad
Citizen action to surmount the narrow interests that have been gaining
undeserved influence in our Nation. Now is a critical and
timely opportunity to assemble a coalition of Citizens behind a
balanced plan for success in our economic and energy activities. An
adjunct to this effort should be a series of debates involving Citizens,
Business and Government . Topics would include: Our Energy
policy; Environmental Issues; and, the tie-in with our Economic
Policy. Any interest in helping structure such a series on the
Internet? Let’s hear some reader thoughts.
Further
materials regarding this blog subject can be found in this expanded
Slideshare presentation and its bibliography:
http://slidesha.re/wt3OgO or http://www.slideshare.net/MarkS181/mbs-ppt-debt-economypdf-wjpegs
MarkS
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