The Obama administration continues its clamp-down on the oil industry in the name of halting climate change, despite the fact that Co2 emissions are at historic lows.
The administration issued radical climate rules in 2015 to regulate carbon emissions from power plants through the Clean Air Act, with the EPA creating unprecedented regulations on power plants.
Despite the fact that carbon emissions are on the decline, Obama and his radical environmentalist allies continue to tout the need for reforms to curtail greenhouse gases produced by fossil fuels. Except, they already are being curtailed. And not due to EPA regulations or international climate change treaties, but because of the free market.
A representative of the oil industry recently issued a smack-down statement to the Obama administration, stating that the industry itself has done more to reduce carbon emissions that Obama ever has.
The Daily Caller reports:
“We are second to none in reducing carbon dioxide emissions. The reduction of CO2 is due to a America’s 21st century energy renaissance driven by fracking,” Jack Gerard, the president and CEO of the American Petroleum Institute, told reporters at a Tuesday press conference.
“Seventy percent of voters strongly support the role of natural gas in reducing greenhouse gas emissions. America is leading the world in the production of oil and natural gas and in the reduction of carbon dioxide emissions, which are approaching 20 year lows,” he said.
U.S. CO2 emissions have fallen by 12 percent since their high in 2005 primarily due to fracking, according to reports published by the U.S. Energy Information Administration (EIA), which is part of the Department of Energy. Natural gas emits about half the CO2 of coal power, and is already cheaper than coal in many locations thanks to fracking.
“Let’s look at the reality of this U.S. model. We are leading the world in CO2 reductions today primarily due to clean burning natural gas which has revolutionized the industry,” Gerard said. “You don’t get to efficient and affordable natural gas by trying to impose over 100 new regulations on the industry. We can have further oil and natural gas development while increasing out environmental protection.”
So contrary to the claim that the fossil fuel industry is continuing to recklessly pollute our earth with climate change-causing gases, those gases have been reduced to record lows because of free market innovations; namely, the development of fracking and natural gas power.
The Washington Times noted that the Obama administration is taking no note of this though.
White House senior advisor Brian Deese cheered the falling carbon dioxide levels at a Monday press conference without mentioning the outsize role played by natural gas, as the cleaner-burning fuel increasingly overtakes coal in electricity generation.
“For those of you who are not breathlessly following the most recent data that has come out, I would note recent data that we’ve seen suggests or finds that for the first half of 2016, energy sector emissions in the United States are actually down 6 percent from last year, and 15 percent from 2005,” said Mr. Deese. “And they’re at their lowest level in nearly 20 years.”
Fracking has been a rather prolific method of natural gas extraction here in the United States. Fracking is actually less harmful to the environment than other methods of fossil fuel extraction, and natural gas is a clean burning fuel. This method has been developing for more than a decade.
Indeed, the U.S. leads the world in greenhouse gas reductions, a trend that began well before Mr. Obama took office. He has attempted to lower emissions further with a bevy of regulations such as the Clean Power Plan, but that was put on hold in February by the Supreme Court.
This news comes shortly before President Obama meets with Chinese President Xi Jinping prior to the G-20 Summit. His administration has been emphasizing the need to ratify the Paris Climate Treaty in order to reduce carbon emissions, but clearly that treaty is not necessary.
The free market has been doing its job in both providing efficient energy at prices affordable enough to properly power the economy, but also in addressing concerns about our environment.
I’ll say it, we as human beings should take care of our earth. After all, we only have one place to call home, and we should take care of it. However, this does not mean enslaving ourselves to centralized government control of our power supplies.
International climate accords amount to little more than bureaucratic strangling of freedom and redistribution of wealth. There is no need in any way for the United States to adopt radial environmental treaties that will undermine our sovereignty and destroy wealth.
On the other hand, China is the country that these radicals should be calling out. The Chinese are teh world’s biggest polluters, not the United States. Before any talk about new climate rules can take place, how about they go to China and tell them to stop their (literally) reckless energy policies.
Let’s not follow their lead, with centralized government control of energy (and ultimately everything). Free markets equal free peoples. I say we keep it that way.