Time to Get Serious About U.S. Oil, Like N. Dakota
Alaska governor Sean Parnell wrote this week in the WSJ that it's "Time To Get Serious About American Oil," and posed the question: "Why is Washington blocking oil exploration in states like Alaska and Louisiana when the Middle East is such a powder keg?" Here are some excerpts:
The U.S. imports more than 63% of its oil. The time is now for our federal government to re-examine its current policy—which severely hampers domestic oil exploration and development—and to learn from our recent history.
Millions of American jobs are directly tied to our energy production. Even as the energy sector necessarily diversifies, oil will continue to be a key piece of our national energy profile for many decades. And yet Alaska and the Gulf states have been blocked from developing America's oil by politically driven federal policy, much of it aided by misinformation. If Americans wonder what our economic Achilles' heel is, they need look no further than the federal regulatory system that delays permits for domestic exploration and production.
As residents of our individual states, we desire responsible resource development. We don't want to live and work in a spoiled nest. We also want to create jobs that contribute to our economic recovery. Why should we spend billions overseas for foreign oil when we could spend those dollars here at home?"