Progressive lawmakers in Congress just rolled out their “Green New Deal,” a sweeping bill designed to end America’s reliance on fossil fuels. They hope to ultimately eliminate gas-powered cars, airplanes, and even outdoor BBQ grills.
Environmental activists aren’t the only ones delighted with the proposal. Petro-state dictators like Russian President Vladimir Putin, Iranian Ayatollah Ali Khamenei, and Venezuelan President Nicolas Maduro are grinning too. They know the bill would make Americans dependent on foreign oil and gas production, weaken American influence abroad, and drastically shrink the U.S. economy.
The United States is now the world’s leading producer of both oil and natural gas, thanks to the recent revolution in drilling technologies and no thanks to progressives. These innovations such as fracking and horizontal drilling have enabled U.S. firms to recover previously inaccessible oil and natural gas from shale rock formations. Oil production has more than doubled in the last decade. Natural gas production has surged about 50%.
This energy renaissance has reduced electricity and fuel costs for American consumers.
Just as importantly, it has bolstered our national security and expanded our geopolitical influence. The United States recently became a net energy exporter for the first time in decades — a development that has reduced the free world’s reliance on fuel from unstable, dictatorial countries like Russia, Iran, and Venezuela.
Death Of The Energy Revolution?
The Green New Deal would undo this energy revolution which America has worked so hard to achieve. In addition to massively subsidizing solar and wind power, it would place enormous restrictions on drilling and fracking. The 14-page document is light on details, but its ultimate goal is clear — effectively eliminate fossil fuels and generate “100 percent of the power demand in the United States through clean, renewable, and zero-emission energy sources.”
No word from a fan of this plan, presidential candidate Sen. Cory Booker, on how exactly this renewable energy production will avoid rolling blackouts in every city and town in America. Perhaps his imaginary drug dealer friend “T-Bone” relayed an invention to Sen. Booker that makes the plan possible.
The Green New Deal would also put many oil and gas firms out of business.
If America gives up its role as the global leader in oil and gas production, hostile foreign governments will gladly take our place and weaponize their energy resources. The bill would transport us back to the 1970s, when the Arab oil embargo brought the U.S. economy to a standstill and caused gas lines and fuel rationing. America produces more than 11 million barrels of oil a day. Removing that supply from global markets would give Putin and his ilk a stranglehold on the entire world economy.
Perhaps plan supporter Sen. Bernie Sanders likes the idea of American workers wasting their time in a socialist line for basic products like fuel and bread. Not steaks though, as the plan’s proponents also call for the end of cattle in the United States.
Green New Deal: Just Hot Air
Progressive activists dismiss such concerns, arguing that America will generate almost all its energy from renewable sources and thus be immune to oil market fluctuations. But that’s fantasy. Leading researchers doubt it’s possible to transition to renewable sources within three decades — much less the 10 years called for in the Green New Deal.
In addition to hurting U.S. consumers, the Green New Deal would undermine the security of America’s closest allies. Consider that the European Union gets more of its oil and gas from Russia than from any other country — an arrangement that stymies Europe’s ability to check Russian power.
Should Russia seek to expand its influence and control in the region, as it did when it annexed Crimea in 2014, Europe will be forced to choose between standing up for its values and protecting its energy imports. That’s a precarious position. Supporters of this plan have been screaming from the rooftops about Russian influence in the 2016 election, but seem eager to hand over power to Russia in exchange for some vague promises of new things that haven’t yet been invented.
A Gift To Putin
The United States is Europe’s best hope of breaking its dependence on Russian energy. American firms have been ramping up their sales of liquefied natural gas to the continent. In October 2018, the United States traded more LNG with the EU than any month on record.
The Green New Deal would make such trade impossible. Our rapid exit from the oil and gas sector would be a gift to the Putin regime.
The Green New Deal would be a geopolitical disaster for America. Lawmakers shouldn’t give it the time of day.
- Barton is the founder of Hyatt Solutions and speaks around the country on energy and energy security matters. He previously served as the deputy director of Middle East policy at the Pentagon.
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Author: TERRY JONES