Drill, baby, drill! — and frack, baby, frack! Then export all that oil to sell on the global market once the price of oil goes up again — or store it offshore in super-tankers until the price of oil goes up again (before selling it on the global market). That's how to make America energy independent again! (sarcasm)
To get a budget deal, why do we have to extend tax breaks for big corporations and give big oil companies (who already get government subsidies) another huge bonanza? You'd think that America's natural resources was a personal piggy bank for a handful of people running a few oil companies...and some crooked politicians.
Huffington Post (Dec. 9, 2015) Congress is close to a deal that could flood the global markets with American oil because Republicans are eager to end the oil export ban ... and Democrats are listening. Senator Lisa Murkowski (R-Alaska), chairwoman of the Senate Energy and Natural Resources Committee, is leading the charge.
L.A. Times (Oct. 2014) Alaska gives every resident $1,884 despite declining oil revenue -- Voters upheld a state oil tax plan that critics, including leading Alaska Democrats and Sarah "Drill, Baby, Drill" Palin, called a government giveaway to oil companies. Alaska has no state sales tax or income tax, relying mainly on declining oil revenue to pay for services such as state troopers and roads. Republican Gov. Sean Parnell, a former oil industry lobbyist who took office when Palin quit in 2009, championed the tax plan. Parnell said the lower taxes would increase the oil production that was once so plentiful that it seeded the now-$51-billion Permanent Fund used to write strings-free checks to every eligible resident.
Wiki: Shortly after the oil from Alaska’s North Slope began flowing to market through the Trans-Alaska Pipeline System, the Alaska Permanent Fund was created by an amendment to the Alaska Constitution. It was designed to be an investment where at least 25% of the oil money would be put into a dedicated fund for future generations, who would no longer have oil as a resource.
Yahoo News (Dec. 7, 2015) Hillary Clinton would not oppose lifting the 1970s-era U.S. ban on most oil exports, if it came with tradeoffs for clean energy, and that it would not be responsible to abruptly halt oil, gas, and coal extraction on public lands. Bernie Sanders would stop exports of U.S. natural gas and all crude oil. He is also the co-sponsor of a bill to ban future fossil fuel lease sales on public lands. (More here and here — and here's Bernie Sanders' plan)
My related Posts
End Entitlements for Big Oil
http://bud-meyers.blogspot.com/2011/05/end-entitlements-for-big-oil.html
Build the Keystone Pipeline AND Export Oil?
http://bud-meyers.blogspot.com/2015/10/build-keystone-pipeline-and-export-oil.html
GOP's Energy and Jobs Bill is Transparent
http://bud-meyers.blogspot.com/2012/02/gops-energy-and-jobs-bill-is.html
Not just Big Oil, there's also Nuclear Welfare
http://bud-meyers.blogspot.com/2012/04/not-just-big-oil-theres-also-nuclear.html
Romney to give Mormon State our Federal Land and Oil
http://bud-meyers.blogspot.com/2012/08/romney-to-give-mormon-state-our-federal.html
Keystone Pipeline: Who Owns the Oil, and Why?
http://bud-meyers.blogspot.com/2012/02/keystone-pipeline-who-owns-oil-and-why.html
How does Cheap Oil Risk U.S. Jobs and Pensions?
http://bud-meyers.blogspot.com/2014/12/how-does-cheap-oil-risk-us-jobs-and.html
Energy Independence from Big Oil Companies
http://bud-meyers.blogspot.com/2012/03/energy-independence-from-big-oil.html
China's Keystone XL pipeline
http://bud-meyers.blogspot.com/2014/02/chinas-keystone-xl-pipeline.html
Canada Seizes American Property for Oil Pipeline
http://bud-meyers.blogspot.com/2012/02/canada-seizes-american-property-for-oil.html
Hillary Clinton Flip-Flops on Keystone Pipeline
http://bud-meyers.blogspot.com/2015/09/hillary-clinton-flip-flops-on-keystone.html