Offshore drilling, difficult choices, and what it means for Missouri
On March 31, President Obama made a somewhat surprising announcement when he called for offshore drilling in certain coastal areas of the United States. The proposal is intended to reduce dependence on imported oil, generate revenue from the sale of offshore leases, and help win political support for comprehensive energy and climate legislation. The move is a strong step to the middle as the President lays the groundwork to garner bipartisan support for his energy policy.
While not popular with some of his loyal constituents, the President’s proclamation yesterday represents hard choices that America faces in its effort to gain energy independence. All areas of energy generation must be reviewed if we truly want to rid our dependence on foreign oil and other imported fuels. These efforts, though controversial, will produce jobs, stimulate economic development and produce “home-generated” energy, all cornerstones of MBEF’s mission in Missouri.
Missouri, while in the midst of a budget crisis, has its own energy issues with a mass dependence on imported fossil fuel (80% dependent on coal from other states). Our state leaders have an opportunity to create jobs and generate future tax revenue through economic development by implementing a comprehensive, statewide energy plan. Over half of all states have instated plans. States with model plans are optimizing energy efficiency, lowering energy costs, balance their energy portfolios, and creating much-needed jobs.
New Jersey’s Clean Energy Program is a prime example of a state with a compelling solution. Governor Corzine assembled a blue ribbon panel of energy experts, utility executives, academicians, business owners, environmentalists and leaders from all political parties to devise a set of energy goals and specific targets for the next 20 years.
New Jersey has implemented a set of initiatives that will encourage companies and individuals to become more efficient, as well as require the community to work together to create a program that takes a long view toward a balanced energy portfolio. Together the community is asking difficult questions about the future as it relates to the economy, job development and clean energy. The plan outlines incentives that reward new renewable and alternative energy projects. New Jersey’s measurable, statewide results include:
- a stronger economy,
- reduced pollution,
- lower energy costs, and
- reduced demand for electricity.
