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Thursday, August 2, 2012

I Didn't Write This: "All The Above Except Off-Shore -- The Permitorium Continues

I did not write this: "All-Of-The-Above Energy Except When It Involves Off-Shore." Don't "blame" me; I'm just the messenger.
All-of-the-above became President Obama's rallying cry, but his and his administration's actions have not matched the rhetoric. For most observers that became evident when President Obama rejected the opportunity to accelerate the approval process for permitting the construction of the Keystone pipeline to bring oil sands output to the United States. The latest demonstration of this selective rather than all-inclusive embrace of energy supplies came with the unveiling of the latest five-year plan for offshore oil and gas lease sales, the principle driver for drilling and producing activity in the Gulf of Mexico.
After September 10, 2012, one can add redundant federal fracking regulations to the short list (but growing) of things the "all-of-the-above energy" program does not include: Canadian oil, frack-derived oil, off-shore oil. Oh, also coal. And, nuclear energy. I think we've discussed this before.

The "all-the-above energy" program includes Solyndra; GE-wind; $26/gallon Navy biofuel; and algae.

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