Our Insane Anti-American Energy Policy
Copyright © 2008 Keith Snelson
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Our nation has been blessed materially. Our fertile fields, our lakes and rivers and our climate are all beneficial for our production of weaalth. We are the largest exporters of food in the world. In addition, we have large deposits of coal, of natural gas and oil as well as being able to generate energy from our streams.
We also in our past registered more patents and invented more devices than anyone else. We produce over 30% of the worlds’ products and have the biggest economy in the world in spite of only having 6% of the worlds’ population.
However, our management of our resources leaves much to be desired. Even though we were first in the development of nuclear energy we are now far behind other developed nations. We are so burdened with rules and regulations that the obstructions to build cause us to take much more time than any others. China is presently building four nuclear power plants using American and French companies to do the construction and their plans are that a plant will be built in four years. In our country if the same construction companies were used it would take ten years. We have not built a nuclear power plant in the last thirty years and even though restrictions are supposedly being lessened there is still nothing under construction.
There have been no oil refineries built in the last thirty years and our productive capacity has decreased while our consumption has increased. We now import 60% of our requirements and thereby allow a cartel to establish prices and determine production. And, the price established has no relationship to the costs of mining, refining and distributing the oil. The cartel sets the price to maximize their profits and we do nothing. Even though we have huge oil deposits off our shores, in the gulf, Alaska and in shale in the Rocky Mountains we are not drilling and mining and trying to produce more oil.