March 14, 2011

Solving US Energy Problems

FROM-American Thinker

By Seldon B. Graham, Jr.

I graduated from West Point 60 years ago, and strongly believe in its motto: Duty, Honor, Country. I have been in the energy industry for 57 years, first as an engineer and later as an attorney, and feel that it is my Duty to try to help my Country solve its terrible energy problems.

The big problem is the Democratic agenda to destroy US oil. Currently, this agenda is well illustrated in the Gulf of Mexico. BP's Macondo Prospect well, which blew out in the Gulf of Mexico last year, was reported by the federal government to be producing 62,000 barrels of oil per day. At the present oil price, that is $2.2 Billion a year. This well may have been the largest oil well in the history of the world. Yet, it was plugged and abandoned, and the federal government would not allow the development of the large oil reservoir it was in, which may have created thousands of new jobs. No other nation on earth would do that to an oil well which may have been the largest oil well in world history. Moreover, the federal government stopped all drilling in the area.

Destroying US oil is not a new Democratic agenda. In 1980, President Carter gave the US oil demand to the Persian Gulf region and signed the Domestic Crude Oil Windfall Profits Tax which caused the oil patch recession of the early 1980s and the loss of half a million US oil jobs.

The solution to our energy problem is for the Democrats to abandon their anti-US oil agenda and to simply allow Americans to Drill Here, Drill Now, Pay Less. US oil is always less than OPEC oil. Americans would pay an estimated $24 Billion less at the pump annually if US oil replaced foreign oil imports.

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