Wednesday, April 1, 2009

Lost In An Energy Wilderness

INVESTOR'S BUSINESS DAILY
Energy Policy: The House approves a Senate-passed omnibus bill that puts 2 million more acres of energy-rich land off-limits. We need a government that leads us out of the energy wilderness and not into it.

Last Wednesday, the House of Representatives passed on a 285-148 vote the Omnibus Public Land Management Act of 2009 (S.22), which confirms our theory that no good comes from legislation labeled "comprehensive" or "omnibus."

S.22 is a smorgasbord of 160 bills totaling more than 1,300 pages and, no, we're not sure how many who voted for it actually read it. A stimulus bill it is not, for it locks up an additional 2 million acres to the 107 million acres of federally owned wilderness areas. That total is more than the area of Montana and Wyoming combined.

Speaking of Wyoming, 1.1 million of these newly restricted acres are in that state. This bill, which also provides $1 billion for a water project designed to save 500 salmon in California, takes about 8.8 trillion cubic feet of natural gas and 300 million barrels of oil out of production in that state, according to the Bureau of Land Management (BLM).

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Look for higher fuel prices.....

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