An article on a recent Newsweek magazine wrote about the artificial energy crisis created by bad policies. America has been increasingly dependent on foreign oil for the past 3 decades, spending trillions of dollars to countries that sometime might have caused us a little bit of a problem. It is very obvious that America is not an energy deficiency country. In fact, we have lots of oil in here. According to Newsweek, we have more coal than any of other country in the world. There are 86 billion barrels of oil and 420 trillion cubic feet of natural gas lying undeveloped offshore . Shale-oil in Colorado and Utah could hold upwards of 1 trillion barrels of oil (more than three the proven reserves in Saudi Arabia). So now the question is why we drill elsewhere if we can drill here?
From every U.S. President in the last couple of decades, we always hear them saying that we need to find an energy alternative so that America will become more energy-independent. But the fact that there were no single significantly successful attempt by our government to overcome the energy problem concludes that the energy crisis in America is artificial and it was caused by bad government policies. Newsweek provides example that until September 2008, congress still banned drilling activities for oil and natural gas in most area of the U.S. Coast. The article also mentioned that congress still prohibit the development of the vast shale-oil reserves in the Rocky Mountains even though there has been developed a technology that can make the process economically competitive. If we are thinking about clean energy, nuclear energy produces zero carbon emission and it already generates about 20% of America’s electric power. A law that banning the recycling of spent nuclear fuel has helped advancing the development of a safer nuclear power plant.
Cap-and-trade policy has been proposed by President Obama lately. The cap-and-trade program will have a general impact on energy-tax of every American. The article in Newsweek said that the Obama administration budget director is predicting that the price of energy for the average American will increase as much as $1,300 if this policy is imposed. This means that at some point our electric bill will be rocketed. Now, the question is: Can our government come up with some good solution that can reduce the cost of energy but at the same time protect the environment?
 Gingrich, N. (2009, April 13). Our Tanks Are On Fuel. Newsweek, CLIII(15), 43.