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LETTER TO THE EDITOR: U.S. energy could fuel economy
Question of the Day
So the Keystone XL pipeline won't create many jobs, according to President Obama. Really? Has anyone in Washington ever read the 2009 Congressional Research Service report "U.S. Fossil Fuel Resources: Terminology, Reporting, and Summary"?
The study notes that the United States has by far the most known fossil-fuel (oil, natural gas, coal, shale oil) reserves in the world. We have more fossil-fuel reserves, in fact, than the entire Middle East's combined reserves and enough reserves to supply our energy needs for more than 100 years.
Despite our massive oil reserves, Democrats keep saying we can't drill our way to energy independence. What a joke. The report also states that using our reserves would "create millions of jobs." We could be creating good-paying jobs and stimulating the economy.
America could lower the deficit with revenue generated by fossil-fuel revenue. There is an $18-a-barrel federal tax on every barrel of oil we produce domestically. We could use that revenue to shore up Social Security and Medicare and be energy independent.
The people hurt most by the Democrats' energy policies are the very people they keep telling us they represent: lower- and middle-class families. They need good-paying, secure jobs. But such jobs are the last thing Democrats want.
With a single act (releasing America's energy reserves), Mr. Obama could rank as one of our greatest presidents. He could create millions of good jobs. Maybe then we could even afford Obamacare.
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