The mid -term elections emphasize how many Americans value the energy, work and economic recovery – and how much less Washington’s control over their lives, maintenance and dreams for their children and grandchildren want. They also reflect the weakening influence of the radical Obama and Steyer Climate change and ecological ecological ecological. If there has ever been time to end the ban on oil, then now.
With the fall of the American demand for oil products, an boost in production and countless research on the sale of American oil abroad, the president and congress should solve the ban as soon as possible.
Nation demand for crude oil fell by 3.5 percent In September compared to the same month a year ago. The demand for gasoline has dropped by 3.0 percent due to an boost in performance in cars and trucks, combined with a still needy economy, a disgusting 62.8 % indicator of the work force participation, and too many people forced to work part -time, for lower salaries and less benefits.
Meanwhile, crude oil production It increased in September Climbing to the highest level Within 29 years – and demolition claims that we quickly exhaust the oil of the Earth. In September, the United States produced 8.8 million barrels of oil per day – an boost of almost 14 percent compared to the previous year and 58% since 2005. In fact, the United States replaced Saudi Arabia as a producer of oil in the world.
The International Energy Agency predicts that by the end of the year it will probably exceed 9 million barrels a day, with Imported energy liquids Achieving an unusual low level 21 percent of our consumption in 2015, compared to 60 percent in 2006, hydraulic vaccination played a key role in this.
It leads us to price Economics component 101. Falling demand and growing reserves tend to lower prices, and oil prices dropped by 28 percent-$ 105 per barrel in January to 76 USD in November 2014. Prices of gasoline, oil heating and other oil-related goods The oil also fell significantly. This is a huge benefit for consumers, from families to refiners to petrochemical creators.
AAA MOTORISTS CLUB SPECIALS that every decrease in the price of a gas pump has an additional $ 1 billion to the US economy. A 71-percent decrease on Galon introduced $ 71 billion in real stimuli money, adding very necessary income to households, whose budgets were pinched by higher taxes and rising costs of food, clothing and healthcare.
Interestingly, lower oil prices took place in times of political unrest. In the past, oil prices developed quickly when the armies were on the march. Today, however, oil production in the United States and Canada seems to end the relationship between military clashes and prices. Despite ISIS Butchery in Syria and Iraq, the dissatisfaction of Israel-Palestinian, disputes into the South China Sea, Russian invasion of Ukraine, Islamist murders and kidnappings in Nigeria, and a saber in North Korea, the global price of raw oil refused a year.
Increased oil and natural gas production in the US almost independently led the economy of America out of the recession. US Department Energy report He stated that the number of oil and natural gas jobs grew 40 times faster than the workplace in the rest of the economy in 2007–2012. Imagine how bad Obama’s economy would have been, were it not for the oil and gas industry, which the president, his radical base of voters and most of his office secretaries are still despised.
Good news has been going on since 2012. In the developing Shale Marcellus region in Pennsylvania, Ohio and Western Virginia, the number of employees The hours worked It increased by 40 percent in the years 2012–2013, which means the recent highest in history. (New York can also share this work and revenues of Bonanza, but its political elites still block all fracturing, seriously harming blue collars and families in the western state).
Such numbers make it easier to see the benefits of oil and natural gas in the US for the economy. The addition of oil exports to the mix is ​​multiplied by the benefits.
Last examination In the IHS Economic Analysis Company, Globluds states that oil export permission would reduce gasoline prices by an additional 8 cents for a gallon and supported an additional 964,000 jobs in 2018. Only those that actively produce oil and natural gas. National Economic Research Associates (nera) claims that the elimination of the ban on oil exports Create high paid jobs For almost 400,000 unemployed American employees, while the Brookings institution calculates that the end of the ban will boost America GDP by approximately USD 1.8 trillion!
US government responsibility office he repeated these analyzes. GAO federal auditors have found that oil exports would reduce energy prices for American consumers, encourage larger domestic oil production, boost the economy and reduce the US trade deficit by further reduction of the need for foreign oil import. Gao also recommended federal agencies to examine the size of the strategic oil reserve “in connection with the changing market conditions”, including America’s recent position as a global energy superpower. Although Gao did not mention this by opening federal federal terrestrial and offshore for leasing, drilling and fracturing, miracles would also work.
God’s energy also gives America a larger lever on the international arena. Consider the influence of the export of oil and natural gas can have on Russia’s territorial ambitions. Half About the budget of Mr. Putin was powered by energy export in 2012. If American energy reserves could be exported to our allies in Eastern Europe until they can introduce their own fracturing revolution, the ability of Russia to employ energy export as a political weapon would be narrow and financial force would be narrow and financial strength Putin has decreased.
Japan, South Korea and other Asian economies are also hungry in the import of American oil.
Some main oil and gas users are worried that even narrow exports of American oil will reduce reserves and send prices. Producers of petrochemicals and other manufacturers have created jobs and gained profits from fracturing, growing domestic production and rapidly lower energy prices and raw materials, so you can understand their fears. However, the abolition of the ban on oil exports will create recent markets and convince more voters and politicians to support more areas for exerting drilling and hydraulic fracturing, and thus supporting further searches and production that will maintain low prices.
Biofuel manufacturers can also oppose the end of the ban. The boost in oil and gas production is even more tough to defend the expenses of taxpayers and consumers for fuel, which require about 40 million acres of arable land, as well as huge amounts of water, fertilizer, pesticides and fossil fuels. Their claims that biofuels support prevent climate change, have become equally tedious and beyond maintained. Global temperatures have not passed for 18 years, over nine years have passed since the 3-5 category Hurricane landed, and all real human influence on the global climate is not even detectable among natural climates and fluctuations. Time to end the fines and subsidies of biofuels and focus on fossil fuels.
The ban on American oil exports is a relic of the seventies. It was introduced in response to the Arab lines of the Naftowe and Gasoline, which slipped on the streets of the main American cities. These days are over.
Today’s technologies boost the global strength and position of the nation. Imagine that work, safety and prosperity would be elated if more states allowed to be feded, and the federal supervisors issued permits for the Keystone pipeline and began to allow true Energy production in the lands now maintain boundaries.
If oil and natural gas exports were allowed, the United States may have a recent impact on energy around the world without shooting. This is a great opportunity for the newly republican and double -sided congress – and the president who has been more ideological and challenging so far than most American citizens can accept. Congress and President Obama should now accelerate oil exports.
