Bob McCarty Writes

China Sucking Us Dry in Oil Patch

As so-called “cap-and-trade” legislation winds its way through Congress, many Americans want to know how they their country’s energy future might be impacted if the legislation becomes law.  Because the mainstream media isn’t being too honest about the topic, they have to find alternative sources of information, including the blog you’re reading now.  Another good source for insight about this dangerous legislation is the Institute for Energy Research.

Recently, the folks at IER published a post that, despite being a bit scholarly at times for this native Oklahoman, is well worth wading through to learn a lot about the legislation.  If, however, you would rather skip the opening act and see who shot who at the end of the play, simply read the paragraph below which appears about a dozen paragraphs into the piece:

All sources are needed to ensure energy will be available for future economic growth and to reduce dependence on foreign imports. Trading foreign imports of oil for component parts of wind and solar technologies does not reach any goals to which the U.S. is aspiring. To reach reductions of greenhouse gas emissions required by H.R. 2454, or other similar legislation, either nuclear power or biomass generating technologies will be needed, which provide greater amounts of energy than wind or solar power.  That’s precisely the reason that China is investing in oil and gas resources abroad and in building power plants from hydrocarbon, nuclear, and renewable sources of energy without legal and government delays.

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SEE ALSO:

China Buys Oil and Gas; America Dithers; and

Chinese Drill, Americans Suffer, Congress Sleeps

Hat tip:  Jane Van Ryan at Energy Tomorrow