In addition to the great coverage coming out of the convention in Tampa, Foster’s Daily Democrat has come out in support of Gov. Romney’s plan for North American energy independence by 2020. The plan for energy independence is part of the Romney-Ryan plan to strengthen the middle class and create 12 million jobs in their first term alone.
Read more about the plan HERE and see the infographic at the bottom.
Romney Has A Real Energy Proposal
Fosters Daily Democrat
August 29, 2012
Prior to the opening of the Republican National Convention this week, Mitt Romney offered a look at his North American energy independence plan.
It comes with a goal Romney believes the nation can reach by 2020. And it is a goal the editorial board here at Foster's Daily Democrat urges voters to support.
In a nutshell, Romney has run the numbers needed to get to his goal. Some added energy comes from recent natural gas finds in the Marcellus shale region, which stretches from New York to Ohio. Millions of barrels of oil per day come from the Bakken range in North Dakota.
More comes from opening offshore drilling, starting off the coasts of Virginia and the Carolinas, and empowering the states to lease federal lands for oil, coal and natural gas development.
Given that his plan is for North America, Romney is also looking to Canada. "Canada has oil sands, we're going to take advantage of those and build the Keystone Pipeline," he told The Washington Post's Philip Rucker. Additionally, Romney will work with Mexico to increase supplies coming north across the border.
"The net-net of all this ... is by 2020, we're able to produce somewhere between 23 million and 28 million barrels per day of oil, and we won't need to buy any oil from the Middle East or Venezuela or anywhere else where we don't want to," Romney said.
Critics argue that Romney's plan leaves the United States dependent on a eventually finite supply of fossil fuels and does little to move in the direction of green energy.
The editorial board here at Foster's Daily Democrat would argue that given the recent debacles of government financed Solyndra, Solar Inc. and others, the United States needs to deal with first things first.
That means establishing a flow of energy that will not be disrupted by war in the Middle East or a South American dictator.
Instead, an appropriate first step is to cultivate domestic production and tap supplies from neighboring nations more friendly to our cause and on which the United States can better depend.
While we are on the topic of oil independence, it was reported over the weekend that an explosion at Venezuela's largest refinery killed 41.
While the loss of the 645,000 barrel-a-day plant is not expected to affect worldwide prices, coverage of the event was enlightening.
According to a radio news report, Venezuela's refineries are in such bad shape that the country ships crude oil to the United States to be refined into gasoline.
Another report, this one by Reuters, concluded with the following:
"Venezuela has traditionally been a key supplier of fuel to the United States, but U.S. reliance on it has declined sharply over the last five years due in part to repeated unplanned outages at Venezuelan refineries."
In the case of Venezuela, the United States has by happenstance been moving away from South American crude. So much so that a major industrial disaster will not affect prices or supply here at home.
This gives more impetus to Romney's energy independence plan that would methodically accomplish the same for crude from overseas.