ARRA News Service
ARRA News Service facebook page  
News for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. All content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this site - no paid ads accepted - no payments for articles. Fair Use doctrine is posted & used.
Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: editor@arranewsservice.com (Pub. Since July, 2006)
    Home Page

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Friday, May 19, 2017

The OPEC Meeting Reminds US: Pursue True Energy Security

by J. Kenneth Blackwell, Contributing Author: This week, the energy ministers of petrostates around the world gather—yet again—in Vienna for the semi-annual OPEC meeting—an absurd confab in which the holders of the world’s cheapest and largest oil reserves discuss how they can manage global oil supply to their benefit. Let this meeting serve as a reminder to us in the United States that although our energy security has improved, there is far more to be done to protect us from the machinations of this cartel, and the other economic and security consequences of our oil dependence.

In the short amount of time since he took office, President Trump has stayed true to the commitment he outlined in his America First Energy Plan to maximize the use of American resources. Through the Executive Orders to reverse offshore drilling and revive key pipeline projects, among others that tackle overregulation and prioritize infrastructure, President Trump has strengthened the hand of U.S. oil producers in the global market. Given the strategic value of oil, these measures bolster both our economy and national security.

These achievements will open up more sites from which we can produce oil, as well as ensure domestic petroleum is transferred swiftly to the refining hubs where it is most needed—particularly through vital pipeline projects such as Dakota Access. These actions will not only maintain America’s status as a major global oil producer, but also assure our status as a leader in the petrochemical industries that turn petroleum into products that power our modern lives.

The White House is making the right moves, but to fulfil the second part of its America first energy pledge to free us from dependence on foreign oil, we must seize the opportunity to achieve a goal voiced by every president since the 1973 OPEC oil embargo and sever this dependence for good. This requires us to not only examine the supply side that feeds our energy dependence, but also focus on policies that reduce our demand. Nowhere is this demand more keenly felt than in our vast transportation system, 92 percent of which currently relies on oil.

Although the current low oil prices are kind to consumers, the price crash of recent years—driven in part by OPEC’s effort to undermine shale and boost its market share—hit the U.S. energy industry hard, with hundreds of companies entering bankruptcy and thousands of jobs lost. In addition, the low prices worldwide cooled investment in future production that maintains oil supplies. This lack of investment gives many industry watchers cause for concern. Investment fell by an unprecedented $300 billion across 2015 and 2016 leading to what some analysts are already calling a “decade of disorder” in the 2020s, amid supply-demand mismatches and a wave of potential geopolitical uncertainties that could exacerbate them.

President Trump’s orders to reopen offshore drilling and revive key pipelines are positive steps toward mitigating this disorder, as they will give the U.S. more supply options and improve the country’s delivery capacity going forward. But they are not enough. Oil is a globally-priced commodity, meaning that no matter how much oil we produce, America will always remain vulnerable to oil price volatility—especially as the U.S. consumes one-fifth of the world’s daily supply.

To counter our reliance on oil, and the unfree market for petroleum, we must not only bolster our supply but also be open to innovative ways to reduce our economy’s utter dependence on this commodity. Fuel economy standards can help us to get more out of the oil we do consume. The Trump administration’s decision to revisit the standards locked down at the last minute by Obama and his team gives us a chance to do that, but they are complicated by competing and conflicting regulations as well as the fact that emerging vehicle technologies like driverless cars aren’t measured by current rules. If all stakeholders, including California, the car companies, and President Trump, can collaborate on designing the future of these standards, we can have the regulatory certainty the automakers want while reducing our oil dependence more effectively, and insulating ourselves from OPEC and petrostates.

Second, continuing America’s proud tradition of producing cutting-edge research and innovation must remain a priority. Research and development for advanced American fuels, such as electricity, natural gas, or hydrogen, will lower costs, improve their scalability and give consumers choice in how they fuel up.

It is these alternatives that will help the U.S. limit its exposure to the oil market and volatile prices, which can be affected by any number of disruptions, ranging from hurricanes at home to violent uprisings in oil-producing countries. Working to reduce our dependence on oil will ensure we finally have a transportation system that serves our national interest, without depending on oil supplies from countries that don’t share our interests to keep our economy moving.
------------------
Ken Blackwell (@kenblackwell) is former Domestic Policy Advisor to the Trump Transition Team and an advisor to Securing America’s Future Energy. He is a Fellow at the National Academy of Public Administration in Washington, D.C.
He is also a former ambassador to the U.N., and former Ohio State Treasurer and mayor of Cincinnati and currently serves on the board of numerous conservative policy organizations. He is a contributing author to the ARRA News Service


Tags: Ken Blackwell, OPEC Meeting, Reminds, US, Pursue True Energy Security To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service and "Like" Facebook Page - Thanks!
Posted by Bill Smith at 8:00 AM - Post Link

2 Comments:

Anonymous Stephen Robbins‏ said...

Absolutely. We should stop depending on people who hate us! Drill and keep on drilling! We have plenty of oil. Screw the Middle East.

5/20/2017  
Blogger Bill Smith said...

Stephen, Agree 100%!

5/20/2017  

Post a Comment

<< Home


national debt
Don't miss anything!
Subscribe to the
ARRA News Service
It's FREE & No Ads!

You will receive a verification email
& must validate you subscribed!

You Then Receive One Email Each AM
With Prior Days Articles / Toons / More


Also, Join us at:
Facebook.com/ARRANewsService


Recent Posts:
Personal Tweets by the editor:
Dr. Bill - OzarkGuru - @arra
#Christian Conservative; Retired USAF & Grad Professor. Constitution NRA ProLife schoolchoice fairtax - Editor ARRA NEWS SERVICE. THANKS FOR FOLLOWING!

Action Links!
Arkansas State Senators
AR State Representatives
Arkansas Governor Office
Arkansas Attorney General
Bankrupting America
US House of Representatives
US Senators
Family Research Council
GrassFire
NumbersUSA
Ballotpedia
Judgepedia
Sunshine Review

Facebook Accts - Dr. Bill Smith
Pages:
ARRA News Service
Arkansans Against Big Government
Alley-White Am. Legion #52
Catholics & Protestants United Against Discrimination
End Taxpayer Funding of NPR
Overturn Roe V. Wade
Prolife Soldiers
Project Wildfire 4 Life
Republican Liberty Caucus of Arkansas
The Gold Standard
US Atty Gen Loretta Lynch, aka Eric Holder, Must Go
Veterans for Sarah Palin
Why Vote for Hillary (Satire)
FB Groups:
Arkansas For Sarah Palin
Arkansas Conservative Caucus
Arkansas County Tea Party
Arkansans' Discussion Group on National Issues
Blogs for Borders
Conservative Solutions
Conservative Voices
Defend Marriage -- Arkansas
FairTax
FairTax Nation
Arkansas for FairTax
Friends of the TEA Party in Arkansas
Freedom Roundtable
Let's Mine AR Lignite NOW!
Pro-Life Rocks - Arkansas
Republican Network
Republican Liberty Caucus of AR
Reject the U.N.

Patriots
Exchange
Links

Request Via
Article Comment

Links to ARRA News
A Patriotic Nurse
Agora Associates
a12iggymom's Blog
America, You Asked For It!
Americans for a Free Republic
America's Best Choice
America's Whatchtower
An Ol’ Broad’s Ramblings
ARRA Twitter
As A Matter of Fact
As The Crackerhead Crumbles
Baaad Media!
Black & Right
Blogs For Borders
Blogs for Palin
Blow the Trumpet Ministry
Boot Berryism
Cap'n Bob & the Damsel
Chicago Ray Report
Chuck Baldwin - links
Citizen Pamphleteer
Common Cents
Conservative Hideout
Conservative Observer AZ
Conservative Voices
Conway Real Deal
Defeat Obama's Agenda
Diana's Corner
eGOP News
Florida Pundit
Franklin Online Outreach
Freedom For US Now
Free Zone Media Center
For God and Liberty
Garland County Republicans
Greater Fitchburg For Life
Guns and Religion
Lasting Liberty Blog
Liberal Isn't Amy
Liberty's Lifeline
Maggie's Notebook
Marathon Pundit
Monkey in the Middle
NASA Satellites
No Runny Eggs
Okie Campaigns
Our Voices Arkansas
Patriot's Corner
ProLifeBlogs
Publius Forum
Randy's Roundtable
Real Debate Wisconsin
Religion and Morality
Right on Issues that Matter
Right Reason
Rocking on the Right Side
Saber Point
Saline Watchdog
Secure Arkansas
Sentry Journal
Sultan Knish
Teresamerica
Stop Obama Satire & Cartoons
The Arkansas Patriot
The Audacity of Logic
The Blue Eye View
The Bobo Files
The Born Again Americans
TEA Party Cartoons
The Conservative Citizen
The Foxhole | Unapologetic Patriot
The Liberty Republican
The Lid
The Looking Spoon
The Maritime Sentry
The O Word
The Path to Tyranny Blog
The Real Polichick
TOTUS
Truth About Obamacare
Twitter @ARRA
Warning Signs
Women's Prayer & Action
WyBlog

Editor's Managed Twitter Accounts
Twitter Dr. Bill Smith @arra
Twitter Arkansas @GOPNetwork
Twitter @BootBerryism
Twitter @SovereignAllies
Twitter @FairTaxNation

Editor's Recommended Orgs
Accuracy in Media (AIM)
American Committment
American Culture & Faith Institute
American Enterprise Institute
American Family Business Institute
Americans for Limited Government
Americans for Prosperity
Americans for Tax Reform
American Security Council Fdn
AR Faith & Ethics Council
Arkansas Policy Foundation
Ayn Rand Institute
Bill of Rights Institute
Campaign for Working Families
Center for Individual Freedom
Center for Immigration Studies
Center for Just Society
Center for Freedom & Prosperity
Citizens Against Gov't Waste
Citizens in Charge Foundstion
Coalition for the Future American Worker
Competitive Enterprise Institute
Concerned Veterans for America
Concerned Women for America
Declaration of Am. Renewal
Eagle Forum
FairTax
Family Research Council
Family Security Matters
Franklin Center for Gov't & Public Integrity
Gingrich Productions
Global Incident Map
Great Americans
Gold Standard 2012 Project
Gun Owners of America (GOA)
Heritage Action for America
David Horowitz Freedom Center
Institute For Justice
Institute for Truth in Accounting
Intercollegiate Studies Institute
Judicial Watch
Less Government
Media Reseach Center
National Center for Policy Analysis
National Right To Work Foundation
National Rifle Association (NRA)
National Rifle Association (NRA-ILA)
News Busters
O'Bluejacket's Patriotic Flicks
Open Secrets
Presidential Prayer Team
Religious Freedom Coalition
Renew America
Ron Paul Institute
State Policy Network
Tax Foundation
Tax Policy Center
The Club for Growth
The Federalist
The Gold Standard Now
The Heritage Foundation
The Leadership Institute
Union Facts



Blogs For Borders

Reject the United Nations

Adopt Our Troops in Prayer


Thousands of Deadly Islamic Terror Attacks Since 9/11

FairTax Nation on FaceBook
Friends of Israel
Blog Feeds
Syndicated - Get the ARRA News Service feed Syndicated!
ARRA Blog Feed

Add to Google Reader or Homepage

Add to The Free Dictionary

Powered by Blogger


  • How To Exchange Links!
  • Comments by contributing authors or other sources do not necessarily reflect the position the editor, other contributing authors, sources, readers, or commenters. No contributors, or editors are paid for articles, images, cartoons, etc. While having reported on and promoting the beliefs associated with the ARRA, this blog/site is not controlled by nor funded by the ARRA. This site/blog does not advertise for money or services nor does it solicit funding for its support.
  • Fair Use: This site/blog may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. Such material is made available to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. This constitutes a 'fair use' of such copyrighted material as provided for in section Title 17 U.S.C. Section 107 of the US Copyright Law. Per said section, the material on this site/blog is distributed without profit to readers to view for the expressed purpose of viewing the included information for research, educational, or satirical purposes. Any person/entity seeking to use copyrighted material shared on this site/blog for purposes that go beyond "fair use," must obtain permission from the copyright owner.
  • © 2006 - 2017 ARRA News Service
Creative Commons License
Creative Commons Attribution Noncommercial Share Alike 3.0 Unported License.