The Heritage Foundation explains Obama’s latest effort to appease the environmentalist cult.
First, it was 20,000 jobs the Obama Administration delayed by punting a decision to approve the Keystone XL pipeline, which would bring 700,000 barrels of oil per day from Canada into the United States. Multiply that number by 10 and you have the amount of jobs the President is putting on hold by delaying a mineral lease sale in Ohio’s Wayne National Forest for oil and gas drilling. This decision kills jobs and denies Americans access to affordable energy.
The Washington Examiner reports that Wayne National Forest already has 1,300 oil and gas wells in operation, but access to Utica’s shale gas reserves would require hydraulic fracturing. The United States Department of Agriculture announced a six-month delay in the leasing of 3,000 acres in the forest to study the environmental effects of hydraulic fracturing. This decision not only delays access to the jobs and energy that Americans need now, but it blocks an important revenue source for federal and state governments. The Ohio Oil and Gas Energy Education Program estimated that:
Natural gas and crude oil industry could help create and support more than 200,000 Ohio-based jobs from the leasing, royalties, exploration, drilling, production and pipeline construction activities for the Utica shale reserve. The state could experience an overall wage and personal-income boost of $12 billion by 2015 from industry spending.
The study also projects royalty payments to landowners, schools, businesses and communities could increase to as much as $1.6 billion by 2015—a number that exceeds the total amount of royalties distributed by Ohio’s natural gas and crude oil industry in the last decade. Total tax revenue from oil and gas exploration and development in the Utica shale formation from 2011 until 2015, including severance, commercial activity, ad valorem (property), federal, state and local taxes, is projected to be approximately $479 billion. Industry expenditures related to Utica shale development could generate approximately $12.3 billion in gross state product and result in a statewide output or sales of more than $23 billion.
Hydraulic fracturing, known as “fracking,” is a long-proven process by which producers inject a fluid (composed of 99 percent water) and sand into wells to free oil and gas trapped in rock formations. Used in over 1 million wells in the United States over more than six decades, fracking has been successfully used to retrieve over 7 billion barrels of oil and over 600 trillion cubic feet of natural gas.
Spencer Hunt of the Columbus Dispatch reports that “Tom Stewart, vice president of the Ohio Oil and Gas Association, said shale well drilling would be less harmful to the forest than conventional drilling because as many as six shale wells can be drilled on a single pad.”
Fracking is subject to both federal and state regulations, and there have been no instances of contamination to drinking water. Groundwater aquifers sit thousands of feet above where fracking takes place, and studies by the Environmental Protection Agency, the Ground Water Protection Council, and other agencies have found no evidence of groundwater contamination. Where there have been unwanted environmental outcomes—such as gas migration—they were the result of poor well construction or problems with the concrete and steel casings around the well bore. Those instances have been rare, and they were not a result of the fracking process itself.
Hydraulic fracturing will be a critical process in developing energy supplies in the future. The National Petroleum Council estimates that fracking will allow 60–80 percent of all domestically drilled wells in the next 10 years to remain viable.
You can study the effects of hydraulic fracturing for six more months, but the facts are going to remain the same. Fracking is a long-proven process that can help access our nation’s abundant oil and gas reserves. Delaying lease sales is delaying the creation of much-needed jobs.
So let me get this straight. If Obama isn’t handing out $535 million of taxpayer dollars to Solyndra and $1.4 billion of taxpayer dollars to BruightSource, then he’s busy blocking oil drilling in the Gulf and blocking oil drilling in Ohio and blocking the construction of the Keystone XL pipeline. It’s no wonder we have a 9% unemployment rate – this man doesn’t want to create jobs. He wants to reward the people who got him elected by handing out millions and billions of taxpayer dollars to millionaires and billionaires – in effect, transferring wealth from the middle class to rich Democrat fundraisers. I find it very surprising that labor unions back this man in elections. What sense does that make?
Global warming alarmism is nothing but a religion. Why do we have to have so much religion in politics? I understand if environmentalists want to practice their religion in their own homes and in the churches, but why do we have to give them taxpayer money for their environmentalist devotions? And why to we have to put our economy on hold just so that we are compliant with their religious beliefs? Why did we elect a President for believes in forcing a religious ideology onto the rest of us? Why do we have to have our freedom and prosperity – our right to produce goods and our right to purchase goods – limited by a religious ideology?
- Obama urged Solyndra to delay layoff announcements until after 2010 elections
- Obama fundraisers got 80% of green energy loans ($16.4 billion)
- Obama gave $443 million no-bid contract to drug firm run by Democrat fundraiser
- E-mails reveal that Obama fundraiser discussed Solyndra loan with White House
- Another green energy firm goes bankrupt after getting $43 million loan from taxpayers
- E-mails show that Democrats were about to approve a second loan to Solyndra
- Report finds Labor Department’s green jobs program failing
- $737 million green jobs loan given to Nancy Pelosi’s brother-in-law
- This one graph should end the debate on wind and solar energy
- Obama to conduct campaign fundraiser with wind power stimulus recipient
- How well did Obama’s green jobs spending work out for taxpayers?
- Obama administration knew $535 million Solyndra loan was too risky
- Obama administration reworked Solyndra loan to favor private donors
- Solyndra CEO and CFO will refuse to answer questions in Congressional hearing
- Marsha Blackburn beats up Al Gore on cap and trade corruption