- The Washington Times - Monday, November 14, 2011

ANALYSIS/OPINION:

The concerted efforts on all fronts by the Obama administration to stifle fossil-fuel use and steer us in the direction of green energy is, of course, like many well-intended social engineering concepts. It is subject to the law of unintended consequences.

Even when we see what a country’s efforts do when that country bets all on the green energy roulette wheel and loses, as Spain did, the Obama administration doubles down.

Its “green” energy policies are put in place at the expense of proven energy sources such as coal, oil and gas and have raised the price of energy on all fronts.

Subsidizing electric cars and their true maintenance costs by billing those costs to non-users is a prime example. This practice is reflected at the gas pumps and on our energy bills.

Now that oil has been consistently over $90 a barrel, it has awakened a new entrepreneurial spirit in American energy recovery. Fields that were once deemed too expensive to pursue are now economically feasible to drill with the new technology available.

This new technology has brought about the discovery of not only huge new reserves of domestic oil, but now it has discovered that we are sitting on a 100-year supply of natural gas. A relatively clean-burning fuel, natural gas is used to fuel power plants, heat our homes and can be used to power automobiles.

The world’s thirst for energy is ever producing new technologies to aid in the recovery of once-unavailable sources. Private enterprise will devise solutions if the price is right. Just make a carrot big and tasty enough and entrepreneurs will go after it.

ED FARNAN

San Francisco

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