Sunday, February 25, 2007

A Party Less Refined

From FreedomWorks:

Earlier this week, pipeline problems in Alaska and a refinery accident in Texas sent oil and gas prices up, once again demonstrating there is little room for error in America’s energy refining and distribution system.

No new refinery has been built in the United States since 1976 in part because of outdated and overly burdensome regulations, high taxes, and runaway lawsuits. As a result, America is increasingly importing high value-add refined petroleum products to meet our demand—a sad turn of events since American entrepreneurs pioneered much of this industry. Not only are we failing to meet our own demand, but America is poised to miss a fantastic export opportunity; analysts estimate that the world's energy needs will be 50% higher in 2030, with 55-60% of that demand in the form of conventional oil and gas.

Meanwhile, as Congress fiddles and prices rise here at home, our international competitors are on the move. India announced this week a multi-billion dollar expansion of its plan to turn that nation into the “world's refinery hub.” America has failed to build a refinery in a generation, while India plans to grow its refining capacity by 62% over the next five years. America is importing these critical products; India will export $20 billion worth of refined products this year. The longer Congress fails to act, the more jobs and growth America will lose to over-regulation and higher gasoline prices.

Losing American jobs, stifling American growth, and higher energy prices are precisely what Democrats want because all three will empower them. Opie Edwards' "Two Americas" theme isn't a description of the reality of our society that he wants to combat; it is the America he and those who think like him want to create so that the public will have nowhere else to turn for "relief" but a bigger, more dictatorial and authoritarian federal government. And "shutting down the dynamo" is the surest way to accomplish it, as the stagflationary 1970s depressingly but spectacularly illustrated.

The other thing smothering domestic energy production will accomplish is to artificially generate national security vulnerabilities by locking the country into huge overdependence upon overseas energy sources that are concentrated in unstable regions (the Middle East) and hostile enemies (Iran, Venezuela). Indeed, tensions could arise even with friendly, allied powers like India as we concede economic advantages to them willy-nilly through the Democrats' insane environmentalist fanaticism.

To use blunt imagery, there's a reason why male athletes wear a "cup": to protect their vulnerable bodily areas. The new majority wants to lay our economic genitalia out for the whole world to stomp on, and when the stomping begins they'll point the finger at everybody but themselves.

And Republicans - they of the last congress's bloated, anything-but-free-market-oriented energy bill - will let 'em get away with it, too.

If you'll excuse me, I think I'll go have my scrambled eggs before the next brownout hits....