Accuracy in Media

At
$130 a barrel, the real,hiddencost of the liberals’ refusal to open up
the Alaskan National Wildlife Refuge (ANWR)and the oil resources off
our coasts is 10 million jobs.

Ten million jobs for
middle-class,working-class Americansthat are being “outsourced” to OPEC
daily, evenas the Senate debates bizarrely complex “carbon cap and
trade”legislationthat wouldcharge American businesses (most of them)
that produce carbon emissions for the right to stay in business; then
let those that reduce their carbon emissions sell or “trade” their
carbon credits to other businesses that need to grow but will use more
energy in the process. The effect of this fiasco will be to impose a
new tax on all businesses andon allbusiness growth, which will stunt
business growth, economic growth, personal income growth, job
growth,and tax receipts.

It’s intended to fix the biggest
non-problem in history, human-induced global warming – the fraud that
has made Al Gore a centimillionaire.If we look at the real climate
data, the long term temperature trends show us that the climate is 0.4
degrees warmer than 1,000 years ago, and 3 degrees cooler than 8,000
years ago (http://www.globalwarmingart.com/).The
Hadley Center for Climate Prediction charts the global temperature
falling 0.4 degrees from 1988 to 1992, then rising 0.8 degrees from
1992 to peak in1998, then falling 0.7 degrees by January 2008.

The climate has been changing as long as there has been a climate. It’s not our fault, and we can’t stop it.

But I digress.

Currently,
the U.S. imports roughly 25% of its oil, 5.4 million barrels a day,
from OPEC, mostly fromSaudi Arabia, Iran, Venezuela, Nigeria. At $130 a
barrel, we are exporting over$700 million dollars a day to OPEC. $1.4
billion every two days. $256 billion a year.That’s more than one-third
of the US trade deficit of $720 billion. And that’s why the value of
the US dollar is falling.Not the only reason, but a big reason.

For
20 years, environmentalists, Democrats, and a few misguided Republicans
have been busy keeping Big Oil out of ANWR and out of the oil fields on
the Coastal Shelves, where there are an estimated 635 trillion cubic
feet of natural gas, enough to heat 60 million American homes for a
century, and 115 billion barrels of oil, enough to replace 100% of the
oil we now buy from OPEC for 21 years. At $130 a barrel,that would cut
out trade deficit by $5.4 trillion over 21 years.

Yes, $5.4 trillion, which is enough to pay the entire federal budget for nearly two years.

Critics
say that opening up 2,000 acres of the 19,049,236 acre Alaska National
Wildlife Refuge for oil production would do little to bring down the
price of gas, and that may be so. But it would add jobs by the
millions, to the U.S. economy. With an estimated 10 billion barrels,
ANWR could produce 1 million barrels a day for 30 years.At $130 a
barrel, that’s $130 million a day. That’s $47 billion a year.

A
million dollars creates 40 jobs at an average pay of$50,000 a year.$130
million creates 5,200 jobs at $50,000 a year.$47 billion
creates1,880,000 new jobs for American workers at $50,000 a year.At
current oil prices,by keeping ANWRoff limits, Democrats reduce
employment for the middle-class, working-class Americans they pretend
to care about by 1,880,000 jobs. And that’s enough jobs to cut the
unemployment rate from 5% to 4%.

But what if we open up the
Coastal Shelves for oil production, too?And produce 5.4 million barrels
a day, to replace all the oil we buy from OPEC?

That would
re-invest the $256 billion a year we now deport to OPEC back into the
U.S. economy. And that would fund 10,152,000 new jobs for working-class
Americans, jobsthat pay an average of $50,000 a year.And that’s enough
new jobs to reduce the unemployment rate, in theory, from 5% to
0%.Zero. And that is the high cost of keeping ANWR
“pristine.”We can lay the blame for 100% of America’s unemployment at
the feet of the Democrats, liberal Republicans and environmentalists
who keep ANWR and the coastal oil reserves off limits.

Put
another way, every year that we continue buying 5.4 million barrels of
oil a day from OPEC, we “outsource” more than ten million American jobs
to OPEC. If politicians really cared about working-class Americans,
they would be rushing to open up ANWR and other oil and gas reserves on
federal lands as quickly as possible to create ten million new jobs,
revalue the falling dollar, stimulate the economy, and write a
declaration of independence from OPEC.

But, they don’t.

Guest columns do not necessarily reflect the views of Accuracy in Media or its staff.




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Comments

  • lol the area they want to drill in is the coastal plains. during the winter this area is a barren wasteland with close to no wildlife