[kitchencabinetforum] MARKET-BASED NATIONAL ENERGY PORTFOLIO

Petroleum ended lower on Friday, because the International Energy Agency will release strategic oil reserves in September. However, the threat to Gulf of Mexico oil production from Tropical Storm Isaac limited losses. October delivery petroleum settled at $96.15 a barrel, down 12 cents.

Obama is trying to shift the blame for the gasoline prices where the left always takes it, and that's to Big Oil, whereas Romney promises to make USA independent of foreign petroleum within two presidential terms! Socialist Obama cannot understand energy economics.

Four years ago, Bill Clinton compared voting for Barack Obama to a roll of the dice. After four years of mounting debt, fewer jobs, and policies that are hostile to jobs creators, it's clear that the gamble didn't pay off. Obama's stupid economic policies lead to depression by increasing regulatory costs, increasing uncertainty, ballooning the budget deficit, and constantly threatening higher taxes consistent with a political ideology which is antithetical to economic prosperity and spreads the cancer of socialism. USA now suffers Obamageddon!

Alexandra Liddy points out that a diverse, market-based national energy
portfolio of fuel sources allows the private sector and state and local leaders
to effectively provide affordable electricity and transportation, attract jobs,
and foster business growth and improved quality of life for families. Any
comprehensive national energy policy that relies on, or mandates, a future of
expensive and unreliable fuel sources threatens to make the current economy
energy deficient and future generations indebted to foreign governments for
decades. http://venitism.blogspot.com

Proposed international agreements for carbon-cap-and-trade schemes or
carbon-dioxide regulations restrict Americans' own use of their country's
resources and is tantamount to economic unilateral disarmament. Not only do
carbon-cap-and-trade systems and Environmental Protection Agency (EPA)
regulation of carbon dioxide raise energy prices, these practices are also
detrimental to developing economies struggling to raise their own citizens out
of poverty.
Consumer demand and competition between industries, retail businesses, and
commercial enterprises are the real drivers of energy-efficient products.
Federal energy policies that cap or restrict use of certain types of fossil
fuels, such as coal, natural gas, or oil, under the auspices of environmental
protection, limit the ability of the people in the states to determine the best
means to fuel their own economies for manufacture, agriculture, trade, and other
services. The truth is that government mandates are not a productive or
sustainable alternative to free markets.

Liddy notes that restrictive legislation and environmental regulations that, in
effect, levy taxes on the production of electricity or petroleum raise the cost
of doing business for companies and the cost of living for consumers. Families
not only pay the price at the fuel pump, thermostat, and grocery store, but bear
the full cost of any taxes imposed on businesses by government regulators.

Lower-income families carry the biggest proportionate burden of these costs and
struggle the most to make ends meet under regressive energy taxes. Most
important, such restrictive policies that raise the cost of energy inhibit the
financial freedom and spending power of families, enterprises, and communities.
Ultimately, government-imposed costs for electricity harm West's international
competitiveness for jobs and investment.
West has an abundance of onshore and offshore energy resources that can enable
the affordable transportation of goods, whether locally, regionally, or
internationally. States set standards that allow the private sector to access,
inventory, and develop fuel reserves off their coasts or under their land
through private leasing. While the states should set standards for outside
access to resources within their boundaries, private energy companies are best
able to determine the most effective and affordable means of providing
electricity and transportation fuels for local commerce and economic
development.

Furthermore, the states should be able to share royalties from federal lease
sales for the safe development of those reserves as established by precedent
through the sale of Lease 181 in the Gulf of Mexico in 2006. Four Gulf of Mexico
states receive 37.5 percent of the federal revenues generated by the lease sale.
Restricting access to those affordable fuels leads to higher gasoline prices and
electricity costs, which have a significant negative impact on job creation,
transportation, and individual mobility. Such restricted access also
unnecessarily increases dependence on imported oil.
http://venitism.blogspot.com