Bush's convention energy statement brief, puzzling

Bob Tippee

"To create jobs, we will make our country less dependent on foreign sources of energy."

That's all US President George W. Bush said about energy in his speech Nov. 2 at the Republican National Convention.

His challenger in the presidential race, while accepting the Democratic nomination July 29, didn't dwell on the subject, either. But Sen. John Kerry (D-Mass.) was more specific.

"Our energy plan for a stronger America will invest in new technologies and alternative fuels and the cars of the future so that no young American in uniform will ever be held hostage to our dependence on oil from the Middle East," Kerry said. He further promised to make the US "finally and forever independent of Mideast oil" and reliant on "its own ingenuity and innovation and not the Saudi royal family."

That neither candidate felt obliged to offer more than brief energy promises is unusual in a period of elevated prices for oil, gas, and electricity.

Kerry's utterance on the subject nevertheless made clear that his energy program would be one of government activism, high cost, and confrontation with disfavored oil exporters (OGJ, Aug. 9, 2004, p. 15).

Bush's statement was less geographically targeted and much more puzzling.

Reduction in US dependency on foreign energy—or Middle Eastern oil—is nearly always presented as a policy goal, not a means to some other end.

The recommendation here, though, is that the US reduce energy dependency in service to job creation.

This is either an editing error or something new for campaign promises. It's also richly open-ended.

Job creation is, in fact, a premier reason for the government to do things that would lower US dependence on foreign energy.

It should, for example, stimulate leasing of exploratory frontiers on federal land.

Yet it's easy to read Bush's statement as support for job fabrication through heavy subsidization of uneconomic energy—a political gambit that would destroy jobs elsewhere in the economy by raising employers' energy costs.

Bush's solo statement can herald to two very different courses on energy. The oil and gas industry should hope for early clarification.

(Author's e-mail: bobt@ogjonline.com)

Related Articles

Speaker suggests how Russian regime change might occur

02/27/2015

Speculative details about regime change in Russia have emerged from an especially interesting source.

Chevron wins again in Ecuador case as moneyman recants

02/23/2015 With another triumph in its long battle against litigious gold-digging involving Ecuador, Chevron Corp. again demonstrates the goodness of corporat...

Oil forecasts need a new asterisk for supply instability

02/13/2015

Do projections of worldwide oil supply need another asterisk?

EPA offers new, twisted excuse to stall Keystone XL

02/05/2015 Anyone puzzled by the delay in approval of the Keystone XL pipeline border crossing—running 6 years now, and counting—should read the Obama adminis...

After Keystone nod, Congress should okay ANWR leasing

01/30/2015 Now that it has passed legislation supporting the Keystone XL pipeline, Congress should approve oil and gas leasing of the Arctic National Wildlife...

Data refute Lew’s claims about taxes paid by producers

01/23/2015

On the subject of taxation, administration officials count on the public to believe anything.

Market watchers’ adjustments offer hints of recovery

01/16/2015 Because markets look ahead, changes in standard forecasts offer potentially important signals during storms such as the one now pummeling the oil a...

Study probes link between US dollar’s value and oil price

01/09/2015

While the US dollar’s value against other currencies influences the price of oil, the relationship is complicated.

Condensate export status a problem with easy solution

01/02/2015 Some perplexing problems have simple solutions. A problem perplexing US producers and regulators is the status of condensate relative to the longst...
White Papers

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...
Available Webcasts


Cognitive Solutions for Upstream Oil and Gas

When Fri, Jun 12, 2015

The oil & gas sector is under pressure on all sides. Reserves are limited and it’s becoming increasingly expensive to find and extract new resources. Margins are already being squeezed in an industry where one wrong decision can cost millions. Analyzing data used in energy exploration can save millions of dollars as we develop ways to predict where and how to extract the world’s massive energy reserves.

This session with IBM Subject Matter Experts will discuss how IBM Cognitive Solutions contribute to the oil and gas industry using predictive analytics and cognitive computing, as well as real time streaming for exploration and drilling.

register:WEBCAST


The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

When Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

register:WEBCAST



On Demand

Prevention, Detection and Mitigation of pipeline leaks in the modern world

Thu, Apr 30, 2015

Preventing, detecting and mitigating leaks or commodity releases from pipelines are a top priority for all pipeline companies. This presentation will look at various aspects related to preventing, detecting and mitigating pipeline commodity releases from a generic and conceptual point of view, while at the same time look at the variety of offerings available from Schneider Electric to meet some of the requirements associated with pipeline integrity management. 

register:WEBCAST


Global LNG: Adjusting to New Realities

Fri, Mar 20, 2015

Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected