Government Toting the Slowing Of Energy Production

This is all IN SPITE of Government. Not because of Government. 

Hey folks, 

Bloomberg has a great article out there today. They are attempting to tote Obama and his administration as the ones that have brought this all about. The truth could not be father from their interpretation if they tried. Many of the points they make in this piece are one hundred percent actuate. However?  This is all IN SPITE of Government. Not because of Government. 

As you read this, I want you to ask yourself one question. What if? What if the administration actually just got our of the way. None of this is happening, well, other than perhaps the decrease in demand, because of the oppressive regulations and insane attacks on Coal. They admit, that because of Obama's Policies, entire towns are disappearing. Remember that? They feel bad. They didn't want to do it. But they did anyway. 

"But know right now, we are, we are struggling. We are struggling because we are trying to do our jobs. Lisa Jackson has put forth a very powerful message to the country. Just two days ago, the decision on greenhouse gas performance standard and saying basically gas plants are the performance standard which means if you want to build a coal plant you got a big problem. That was a huge decision. You can’t imagine how tough that was. Because you got to remember if you go to West Virginia, Pennsylvania, and all those places, you have coal communities who depend on coal. And to say that we just think those communities should just go away, we can’t do that. But she had to do what the law and policy suggested. And it’s painful. It’s painful every step of the way." 

That was EPA Region 1 Administrator Curt Spalding. I awarded him the Idiot of the Week for this statement. All the advances in energy are happening as they normally would. However, they are happening far SLOWER than they normally would. Reason? All the interference and blockation, is that a word? Blockation of this administration. They are thriving in spite of the out right attacks by Obama and crew. 

As you read this. Think to yourself, what if the government actually got out of the way?.. 

Energy use in the U.S. is expected to grow less than one percent per year through 2035 and the U.S. will become less dependent on foreign energy sources, the government reported.

The Energy Information Administration released its Annual Energy Outlook Monday, which projects energy production and consumption through 2035. The energy landscape in the U.S. has shifted dramatically in recent years. Domestic oil and gas production has increased as the industry has learned to tap resources trapped in shale formations across much of the country. At the same time, efficiency programs inspired by environmental concerns and recent energy price spikes have led to lower energy consumption.

Among the trends identified by the government:

LOW ENERGY DEMAND

— Overall U.S. energy consumption will grow at 0.3 percent per year on average between now and 2035. This is because economic and population growth are both expected to be slower than in the past, while state and federal efficiency programs are encouraging conservation.

— Gasoline consumption will fall by 0.6 percent per year through 2035 because cars and trucks are getting more fuel efficient in response to high gasoline prices and stricter federal fuel economy standards. Gasoline consumption could fall even further, if proposed fuel economy standards for cars and trucks are adopted. Cars would have to average 54.5 miles per gallon by 2025 under the proposed rule.

HIGH DOMESTIC ENERGY PRODUCTION

— U.S. crude oil production has increased over the last three years, reversing a decline that began in 1986. The government predicts the country will produce 6.7 million barrels of oil per day by 2020, up from 5.7 million barrels per day this year. The EIA said production could vary "significantly" though, because techniques used to find and tap newfound resources onshore are still being developed.

— Natural gas production will grow by nearly a third between now and 2035, and outpace consumption by early in the next decade. The U.S. will become a net exporter of natural gas as it builds liquefied natural gas export terminals.

— Crude imports will fall by about 2 million barrels of oil per day over the next decade, as production rises while demand slows. At today's oil prices, that will reduce imports by $58 billion per year.

CHANGING ENERGY MIX

— Natural gas will be used to generate more of the nation's electric power, because of low prices and environmental regulations that will reduce coal consumption.

— Renewable energy will be used to generate 15 percent of the nation's electricity by 2035, up from 10 percent now.

— The nation's emissions of carbon dioxide, the most important global warming gas, will remain below their 2005 levels through 2035. This is a result of low energy demand and the increased use of natural gas, which emits less carbon when burned than coal or oil.

Now they can attempt to give Obama credit for this. All this information comes straight from the government to start with. That is what they are doing. But the truth is, this is happening at a far slower pace than it would if government would just get out of the way. The experts, the REAL experts in the field, have told us that we could be completely energy independent in less than ten years. 

The numbers they cite are actually tiny compared to what we could actually accomplish in reality. Remember, gas was like $1.85 when Bush left office. They knew we were about to increase our own production and use our own resources. Now? 

All these numbers sound good, but just imagine if the energy industry was free to do their thing..

Peter

Sources: 

Bloomberg Business - US energy use to slow, get cleaner

By The Associated Press on June 25, 2012