Tuesday, September 13, 2011

Canadian Oil Sands vs. Green Jobs

When journalists write about the fallacy of the Obama Administrations energy policies, but fail to connect the dots to “Sustainable Development” policies, I question their honesty or thoroughness in research of the subject.

The Canadian Oil Sands, just like the Bakken Shale Oil discovery, should’ve created a fabulous spike in industry and jobs for the North American economy and driven down the cost of energy, thus giving a boost to the global economy.  The only reason this is not occurring in the United States is our local/state/federal representatives have bought-in, hook, line and sinker, to Agenda 21 and the goals of “Sustainable Development”.

Sustainable Development is a Council, an Apex, a top down form of governance and is completely in-compatible with the United States Constitution.  Unless we have a complete change in the Executive and both sides of the House, in 2012, the United States will idle along at 9% or greater unemployment, have industry and manufacturing disappear as a viable portion of the U.S. Economy and lead the United States into 3rd World status for decades.  All of this is an integral part of Agenda 21 and “Sustainable Development”.  We the People must push this issue to the forefront of the political debate, because the ‘3’ E’s of Sustainable Development are almost complete:

Environment Regulation

Economic Reform

Equitable Re-distribution

Canada's Oil Sands Are a Jobs Gusher


Columnist's name

For all its soaring rhetoric, President Obama's "jobs speech" last week didn't demonstrate a lick of insight into why economies grow or how wealth is created. It was merely trademark Obamanomics: using government diktat to move money that's over here, over there.

Having spent an hour the day before with Ron Liepert, the energy minister from the Canadian province of Alberta, I found it especially disturbing to hear nothing in the speech about reversing the administration's anti-fossil-fuels agenda. Canada has recovered all the jobs it lost in the 2009 recession, and Alberta's oil sands are no small part of that. The province is on track to become the world's second-largest oil producer, after Saudi Arabia, within 10 years. Meanwhile Mr. Obama clings to his subsidies for solar panels and his religious faith in green jobs.

U.S. unemployment is high because capital is on strike. Short-term offers to coax investors into taking new risks aren't going to cut it when they have been forewarned that the president intends to pay for it all by raising taxes in the out years. The market dropped over 300 points the day after Mr. Obama's speech.

On the regulatory front the picture is even gloomier. Much of America's vast untapped energy potential lies dormant because Mr. Obama's regulatory watchdogs have spent the past three years throwing sand in the gears of the permitting process for exploration and exploitation on federal lands. Separately, TransCanada has been trying since September 2008 to get a permit to build the Keystone XL pipeline from Alberta to the Gulf Coast. The Environmental Protection Agency has so far blocked it.


Associated Press

TransCanada's Keystone XL pipeline could mean 118,000 American jobs, if the U.S. government ever issues the permit.

A glimpse of what all this has cost the U.S. economy can be seen by looking north to Canada, where animal spirits have been unleashed in the energy sector. Canada's close economic ties to the U.S. have traditionally meant that when the U.S. gets the sniffles, Canada gets swine flu. This time it's been different. Part of the reason is that Canada's housing market was not poisoned by a federal government push to put unqualified borrowers into homes they could not afford. After the 2008 collapse of the housing bubble in the U.S., the Canadian financial sector remained strong.

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