June 1, 2014

SHOCKING NEWS: Crude Exports Good For America.

Opening up American crude for exports into the global oil market could boost domestic production by more than one million barrels per day, and would create or support nearly one million jobs in just four years, according to a new report from the energy consulting group IHS. . . .

There are many factors to consider before deciding to open up our country’s suddenly flush domestic oil market to the rest of the world; it’s a complicated matter. This new report sets out a bullish case for major energy policy change, but the politics of such a shift are bound to be tricky. The Energy Information Administration is planning a new series on the topic, and you can expect this debate to heat up as we approach this fall’s midterm elections. In the furor that’s sure to follow, keep this in mind: this is surely the kind of problem we’d like to have.

Anything that weakens Iran and the Gulf Arabs is good for America.

Related: Obama Is Blowing Smoke On New Emissions Rules.

Apparently, the idea is to force states to start up regional cap-and-trade programs, because a federal program now seems impossible.

Does the president actually expect any of this to happen?

As with any new Environmental Protection Agency rule, a lengthy comment period will ensue. After the comment period, the EPA presumably has discretion about the deadlines they set. With a big election coming in 2016, and some nice, big, coal-consuming swing states on the line, I would wager cash money that those deadlines are set no earlier than Dec. 31, 2016.

Kinda like ObamaCare deadlines. Obama’s policies: So popular that they’re all delayed until he’s out of office!