Elections have consequences, and the upcoming one promises to have dramatic impacts for our energy-driven economic future.
Consider what each major contender has said regarding these key issues, with the incumbent promoting an “all of the above, but not too much fossil fuel” policy, and the major challenger promoting more of an “all of the best” energy policy.
Oil and Gas
The energy industry begins from the ground. The two candidates’ drilling policies are markedly different.
Obama: Last May, President Obama seemed to be expressing a drilling epiphany when he said: “we should increase safe and responsible oil production here at home.” There was his oil moment in Cushing, Oklahoma. Yet nearly two-thirds of federal lands are currently off-limits to drilling and mining, and leasing has slowed in recent years.
Oil production has been declining on federal lands, while booming on private and state lands.…
“The [LOST] treaty proposes to create a new global governance institution that would regulate American citizens and businesses without being accountable politically to the American people. Some treaty proponents pay little attention to constitutional concerns about democratic legislative processes and principles pf self-government, but I believe the American people take seriously such threats to the foundations of our nation.” [2]
– Donald Rumsfeld, “Why the U.N. Shouldn’t Own the Seas,” June 12, 2012.
A proposed Law of the Sea Treaty (LOST) which has not yet ratified by Congress will grant a newly established U.N. bureaucracy, the Kingston, Jamaica-based International Seabed Authority (ISA), power to regulate deep-sea oil exploration, drilling operations, seabed mining, and fishing rights beyond 200 miles of our coast. As part of the deal, as much as 7% of U.S.…