Thursday, July 19, 2018

No Oil Industry, No Tourism Industry

The New Jersey Star-Ledger ran an editorial—Trump oil, gas plan imperils Jersey Shore (as of this writing not available online)—claiming that the Trump Administration’s policy of opening the Atlantic Ocean to offshore oil drilling ia an “attack” on coastal states “waged on behalf of oil companies” and “oil interests,” which supposedly clash with the “interests” of just about everyone else. “[T]his,” the S-L argues, “is an aggressive assault on our ecosystem and on a gargantuan economic engine.” While grudgingly acknowledging that the state would gain revenues (though no mention of private-sector job and other gains), becoming “a petrostate” would put . . .

our shoreline, businesses, homes, fishing industry and tourism business at risk.

You would think that even Trump and his creepily worshipful colleagues would recognize our value to the national economy. Instead, they have unleashed another attack on what most makes New Jersey unique.

Our 130-mile coastline is an economic powerhouse. It is the epicenter of a $44 billion tourism industry that supports a half-million jobs. It is home to more than $800 billion in coastal properties. Our commercial fishing industry supports another 50,000 jobs and generates $8 billion annually. And we have one of the largest recreational fishing industries in the nation.

“[C]lean coasts,” the S-L concludes, “are vital to the economic viability of every coastal state. They cannot be compromised or put at risk — full stop. And they must not be prostituted for oil interests without a fight.”

Pretty much all negative.

Incredible.

No acknowledgement of what powers this “gargantuan economic engine?”

Energy is the industry of industries. Without a reliable, economical, clean, mass-scale supply of energy, no modern industry exists. And what is the only energy capable of carrying that load? Oil and gas. Without it, there is no tourism industry; no fishing industry; no transportation industry; no modern housing industry, with its indoor plumbing, clean running water, heat & cooling systems; no agriculture industry capable of feeding the country; no any industry--not even a pollution control industry.

There may be valid reasons for not drilling in certain areas. But any discussion must take these facts into account: Those “oil interests” are human interests. They are our interests. The companies that produce the fossil fuels and we consumers who buy the fuels are not antagonists. They represent are harmony of interests.

The Left Environmentalists’ bullying and demonization aside, the men and women of the oil industry are not villains. They are heros. Thankfully, some people are willing to go to bat “on behalf of oil companies.” Trump’s many faults aside, his energy policy is spot on.

Related Reading:

The Suicidal Demonization of Fossil Fuels

A Humanist Approach To Environmental Issues—Alex Epstein @ Forbes

Fossil Fuels and Climate Change: Remember Life Before Them

The End of Doom: Environmental Renewal in the 21st Century—Ronald Bailey

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