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Saturday, December 16, 2017

Tax bill says drill, baby, drill

"We can't just drill our way to lower gas prices." --  Barack Obama, former president of the choom club at Punahou School in Hawaii.

The Republican Tax Cut and Jobs Act of 2017 will allow oil exploration in the Arctic National Wildlife Refuge. This will help continue to drill our way to lower gas prices.



Obviously the Marxists posing as environmentalists are upset.

But here are the facts.

1. The refuge covers 19 million acres in a remote area that has no sunlight for roughly 56 days a year.

2. The refuge is larger than the entire state of West Virginia.

3. A Democratic Congress and Democratic president set aside 1.5 million acres to study its potential for energy resource production in 1980.

3. Drilling would be confined to 2,000 of those acres or 1% of 1% of the refuge. In other words 99.99% the refuge would not be affected.

4. The drilling area is not designated as a wilderness. It has no trees, deep-water lakes, or mountain peaks.

5. The refuge holds "between 4.3 billion and 11.8 billion barrels of technically recoverable oil," according to the U.S. Geological Survey.

6. That assessment was made in 1998.

7. The oil production potential of ANWR is about equal to the production of 41 states combined.

So this is a good thing. We would drill in a wasteland.

The Heritage Foundation noted:
Opponents of domestic-energy production have criticized the decision, claiming that oil prices are too low to generate any interest in the area. The market will determine the economic viability of Alaskan resource development, not politicians in Washington.
[SNIP]
To opponents, however, there is never an opportune time to increase domestic natural-resource production. Whether oil prices collapse or the price at the pump surpasses $4 per gallon, environmental activists argue opening new areas to exploration will take too long for the fuel to reach the market to have any impact on prices.
I don't know about anyone else, but I found that amusing.

But "drill, baby, drill" is not the only arrow in the Republican quiver.

From the Associated Press:
The Republicans' tax package would boost traditional forms of energy such as oil and gas while also supporting renewable energy such as wind and solar power — and even extend a hand to buyers of electric cars.
An agreement by House and Senate negotiators would open Alaska's Arctic National Wildlife Refuge to drilling, while preserving tax credits for wind power and other clean energy. The bill also would extend a tax credit of up to $7,500 for purchases of plug-in electric vehicles such as the Tesla Model 3 and Chevrolet Bolt.
Finally opening the refuge to drilling not only will keep gasoline prices low, but will keep prices low for the other uses of oil -- which combined exceed our gasoline consumption.

Unlike tax credits for Tesla, oil drilling will generate taxes.

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23 comments:

  1. "Opponents of domestic-energy production have criticized the decision, claiming that oil prices are too low to generate any interest in the area. The market will determine the economic viability of Alaskan resource development, not politicians in Washington." Then why wouldn't the Greenies encourage the oil drillers to spend themselves silly if the Greenies are so certain the drillers will lose money on the deal? Don't they WANT drillers to go broke?

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  2. I have been to the ANWR, and calling it a wasteland is an understatement. Drill, baby, drill. And lower fuel prices aren't the only reason. Oil is also a strategic economic asset and a potent weapon. Does anybody remember the OPEC oil embargo? The U.S., under President Trump, is now in the global energy catbird seat. Why do you think the Saudis are being our best buds, diversifying their portfolio, and modernizing their society? - Elric

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    1. I have been there too and the media lies about the area. With horizontal drilling, the foot print of the actual operation will be small. The Alaskan pipeline has a minimum flow rte to remain operational and more oil, supposedly, is needed to keep it on line.

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  3. Obama and Biden preferred tilting with windmills: (from 2008) "(Joe) Biden countered that the US should be investing in wind and solar and accused John McCain of voting 20 times "against funding alternative energy sources and thinks, I guess, the only answer is drill, drill, drill. Drill we must, but it will take 10 years for one drop of oil to come out of any of the wells that are going to begun to be drilled. In the meantime, we're all going to be in real trouble."

    It's 10 years later. Do you know where your oil is?

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    1. I'd call them pessimists, except that O and B were ignorant, and wanted to remain so.

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    2. Ignorant, no; treasonous ba$+ards, yes.

      FIFY.

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  4. There is no such thing as "clean energy" which has no impact on the environment. Hydro is possible the cleanest, but it blocks rivers and floods land. Both wind and solar proponents fail to assess the impact of mining to make the panels and windmills. They also fail to include proper costing comparing the life of a coal fired plant, 30+ years, with the life of solar (10 years) and wind (15 years). Both wind and solar also have much shorter lives in reality as they can be knocked out by storms, snow, hail, etc. Furthermore, both wind and solar need 100% backup of coal, gas plants because no one can predict when the sun won't shine (apart from the 10 hours night) or wind stops (or blows too much and they have to be shut down for safety). All of this means that so called "clean energy" actually is dirty energy which uses up more resources than "dirty" energy. cdm

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    1. Something you will never hear from Democrat media is that wind turbines' already low production falls off as they age, and they only last half as long as promised:

      --For onshore wind, the monthly ‘load factor’ of turbines – a measure of how much electricity they generate as a percentage of how much they could produce if on at full power all the time - dropped from a high of 24 per cent in the first year after construction, to just 11 per cent after 15 years.

      For offshore wind –examined only in Denmark where it has been used for longer - it declined even more dramatically from over 40 per cent at the start, to just 15 per cent after ten years.--

      http://www.dailymail.co.uk/news/article-2254901/Wind-turbines-half-long-previously-thought-study-shows-signs-wearing-just-12-years.html

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  5. Correction: 99.99% of the refuge would be unaffected by the drilling on the 0.01% that is.

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  6. God put a lot of the worlds oil reserves in uninhabitable places. The Arabian desert, Alaska, west Texas, etc. Very considerate of him. MAGA. And hopefully we will drop the ethanol subsidies.

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    Replies
    1. Yes, please, get the ethanol out of our gasoline. As for West Texas being uninhabitable, though, ask the Comanche. They ran the Apaches off the Llano Estacado. Good buffalo country. - Elric

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    2. Yep. Reminds me of the John Wayne movie, "McClintock!" where they're up on the Mesa Verde. - Elric

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    3. And, as I have read, the native wildlife flock to these facilities. Heat, light, and the generosity of the drillers in terms of food and snacks. This is a win-win if ever there was one. Thank God the Libtards weren't always such a force. We wouldn't have domesticated dogs.

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    4. Yes, the wildife is not afraid of the rigs. That is the problem. You don't usually see it in stock photos, but rigs on the North Slope are enclosed in strong cages to keep the polar bears out. They will follow a man's scent for miles, as they consider humans to be food. - Elric

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  7. As usual, Democrat media will show video of mountain vistas that are nowhere near the proposed drilling.

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    Replies
    1. Yeah, the palm trees in the foreground will give it away.

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  8. The left doesn't care about the logic of the economics of these things because that's not what it is about. It is about controlling people with their own emotions. That is what's behind the sex frenzy at present, and just about everything else they do. The same is true about logging and coal mining. That's part of why we complain about libs being led by their emotions. The people who start these things aren't all that emotional. They know their base is and they know that a certain portion of their opposition is, too. For the people at the top it is merely an understanding of their base and human nature coupled with calculation to manipulate.

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  9. We drilled our way to huge cuts in gas prices despite this morons ignorance of economics and physics. Just like those jobs have been coming back. May we pls never again see such a stupid useless president as obama. That was a long 8 years...

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  10. "Opponents of domestic-energy production have criticized the decision, claiming that oil prices are too low to generate any interest in the area."

    Like they give a rat's ass.

    There is a lot about the bill I don't like. We should do away with wind & solar power subsidies, and the SALT deduction should go completely away.

    However, I am a pragmatist who understands how legislation get's passed. The bill is FAR better than no bill at all.

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