Monday, May 16, 2022
Hawai'i Free Press

Current Articles | Archives

Monday, December 9, 2013
United States Should Embrace Its Energy Superpower Status
By NCPA @ 10:42 AM :: 2997 Views :: Energy

United States Should Embrace Its Energy Superpower Status

NCPA December 9, 2013

U.S. energy policy should be changed to reflect its newfound energy abundance, says Mark J. Perry, an American Enterprise Institute scholar.

Thanks to private ingenuity and shale oil, the United States has seen a surge in oil and natural gas production. Perry offers the federal government three recommendations to make the most of the country's shale boom:

Leave the industry alone.

  • The Obama administration has called for higher taxes on the oil and gas industry, in addition to burdensome and unnecessary regulations on energy production.
  • That would only discourage investment in domestic energy and put a halt to the United States' impressive energy growth.

Speed up liquefied natural gas (LNG) export terminal approvals.

  • LNG export terminals allow American companies to sell natural gas to other countries.
  • So far, the Obama administration has given only four companies permits to construct those terminals and sell natural gas to countries that lack a free trade agreement with the United States.
  • Many applications are waiting to be reviewed, and they should be approved: the market can determine which projects will be viable.

Encourage that natural gas be used as transportation fuel.

  • The United States is not immune to oil price spikes, despite our increased domestic production, and oil is responsible for 93 percent of fuel for transportation.
  • The United States should not mandate the use of natural gas as it did with ethanol, but tax incentives could be offered that would encourage the purchase of vehicles that can run on natural gas.
  • Trucks and buses have already been converted to run on natural gas, at the cost of only $1.50 per gallon (a savings from gasoline).

With its newfound energy abundance, the United States can move away from the Renewable Fuel Standard and can adopt new policies that encourage the production of oil and natural gas.

Source: Mark Perry, "U.S. Should Embrace Its Energy Superpower Status," Investor's Business Daily, November 18, 2013.

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

ACA Signups Hawaii

Alliance Defending Freedom

Aloha Pregnancy Care Center

American Council of Trustees and Alumni

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Astronomy Hawaii

Back da Blue Hawaii

Ballotpedia Hawaii

Better Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

ChinaTownWatch.com

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Advocates

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Life Alliance

Hawaii March for Life

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

HIEC.Coop

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Mauna Kea Recreational Users Group

MentalIllnessPolicy.org

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Save Dillingham Airfield

School Choice in Hawaii

SenatorFong.com

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT