Energy Independence. Everyone probably has heard the term thrown around by politicians and the media. Usually during the election season we hear about 5 minutes on this issue before the topic changes to social issues (and sometimes even the economy).
Energy, and science for that matter, is an issue that should not be politicized, but unfortunately has, in large part due to environmental extremists (and the global warming theory). In the following series of analyses I will give you a brief summary of each type of energy and give you a brief overview of each candidates position on the type of energy. I will be going over oil and gas, renewable energy, and nuclear power. First up, oil and gas.
Oil and gas energy can be easily stored, there are vast deposits available and still being discovered (ANWAR, etc.), and new technologies will help gain access to previously unattainable sources (fracking). Unfortunately, while this is still a great source of energy, it has become heavily demonized by environmental groups. Disasters like the Deepwater Horizon accident confirm in their eyes that oil and gas are evil. Ironically, the reason this disaster occurred on such a scale was BECAUSE of environmental policy. Oil industries have had to engage in deepwater drilling because government regulations forced them away from the coast and into the deeper seas. Sensible regulations are ok, but when Obama shuts down new developments (Keystone Pipeline) and over-regulate the industry, all it will do is drive up prices for the customers.
As previously stated, Obama has made pursuing this source of energy difficult. They have played politics with the Keystone pipeline and other regulations because of their commitment to the environmental extremists. Romney has already indicated that he would approve the Keystone and try to remove unneeded regulations on oil and gas, which in turn would increase growth, lower prices of commodities, and lower unemployment.
Look for my next posts in the next couple of days regarding renewable and nuclear energy.