Reducing Foreign Dependency On What? - Granite Grok

Reducing Foreign Dependency On What?

Can we even count how many times our New Hampshire congressional democrats claimed that we needed to reduce our dependence on foreign oil?  Twice?  A dozen times?  Hundreds?  Is it safe to say that among the lot there has been enough rhetoric on reducing foreign dependence to fill the Verizon center?

So why then have the House Democrats, Carol SEIU-Porter, and Paul ‘Sugar Daddy’ Hodes voted in favor of legislation (The CLEAR Act) that would tax domestic oil and gas even more?  Has it occurred to them that this will give foreign oil a distinct price advantage over domestic oil?  Probably not.

The CLEAR act also usurps state control of their own offshore drilling operations and permitting and leasing processes and hijacks the control and the revenue to the federal level.   The new regulatory requirements are so unfriendly to smaller companies that we stand to loss 300,000 jobs and 147 Billion in revenue as a result. Union protectionist provisions will require companies to buy rigs from American manufacturers.  Given the size of the global market, they probably wont, and since they wont be able to deploy those rigs in US waters, it is simply another incentive to take the commerce, taxes, lease money, jobs, and revenue to the waters of a business friendlier nation.

Before the House voted, Nancy Pelosi removed a committee amendment that created a commission of engineers and industry experts instead of Obama’s panel of white tower eggheads and politicos.  The ‘experts’ would have been tasked with investigating the Deepwater Horizon spill and the response to it.  But instead of experts Pelosi ensured Obama’s hand picked eggheads and insiders would be able to provide any necessary cover for the Golfer In Chief.

So HR3534 makes domestic energy more expensive, drilling in US waters less desirable, denies state sovereignty over local offshore energy production, and protects Obama’s ass.  It will cost energy industry jobs and hit the wallets of every small business and American family to the tune of 2 Billion dollars a year in new energy taxes.  It will also drive foreign investment away (as if the do not already have enough reasons to stay away) reducing growth and job opportunities across a broad range of industries, and all this before we even get to the much coveted energy tax on carbon the left is itching to pass.

More foreign oil, more expensive energy, fewer American jobs—is that what you meant by reducing foreign dependency?  Or did you mean to reduce foreign dependency on America as the best place to do business and create jobs, and not just energy jobs?

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