McCrory said exploration is part of a two-pronged approach to make the energy industry a sector that will help North Carolina come roaring out of the recession. The other, he said, is promoting power generation. Charlotte-based Duke Energy Corp. is the nation's largest electric power company. McCrory, who previously worked for Duke, said the state needs to look at tax policies that promote power generation.
The governor on Wednesday praised a law passed in 2013 laying out the regulatory framework for building wind farms to create energy. McCrory also said he wants to examine next year the balance between what he called subsidies received to produce renewable energy and the rates charged to consumers.
And when you do, what you'll see is the cost of renewable energy is a tiny fraction of what ratepayers are forced to pay your former(?) employer, compared to CWIP (Construction Work In Progress) and the recent merger fiasco. And when Duke Energy is finally forced to clean up coal ash ponds, they're going to (try to) charge us for that mistake, as well. But with Art Pope pulling your strings, I'm sure none of that will come up.
The difference is fossil fuels. Because North Dakota is producing low-cost energy through exploration and extraction of the Bakken shelf, that state has enjoyed the largest job, income and economic growth rates in the nation during the past five years. Compare that with North Carolina during the past four years. Our state, which doesn’t produce a BTU of energy, has been forced to borrow $2.55 billion from the federal government to cover unemployment insurance costs.
No, one of the (many) differences is, North Dakota has a population of just under 700,000, roughly 1/13 of North Carolina's. And when that Bakken plays out, what's North Dakota going to do then? As far as that (embarassingly un-researched) claim about zero production, North Carolina is producing somewhere in the neighborhood of 170 trillion BTU's of clean, renewable energy every year. This part made me bark a laugh:
Submitted by southernstudies on Thu, 11/01/2012 - 8:43pm
Koch Industries, the Kansas-based oil and chemical conglomerate whose owners Charles and David Koch have played a leading role in financing the fight against government regulation, is stepping up its investment in North Carolina politics at a critical moment for the state's energy future.
But the White House, in its latest five-year plan proposal, also intends to place all of the East Coast off limits to exploration, reports The New York Times. The ban on West Coast drilling also would be maintained.
And this is one good reason why these decisions simply cannot be left up to individual states:
With Congress taking action in recent weeks to expand and speed up offshore oil and gas drilling, President Obama used his weekly radio address this past Saturday to weigh in on the matter. Unfortunately, he used his platform to promote a persistent myth about expanded offshore drilling: that it would bring down prices at the gas pump.
Acknowledging the timing was ironic, a trio of Republican state senators this morning held a news conference to announce they had filed a bill to open up the North Carolina coast to energy drilling. Today is the one-year anniversary of the BP oil disaster in the Gulf Coast.
“But what we did learn from this disaster is we learned from our mistakes,” Rucho said. “The industry has already found ways to make sure that oil exploration and production can be done in a very safe manner.”
Apparently Bob has his Tivo set to record all of BP's tv commercials. (addendum: Read the diary below this for more BP stuff) Okay, let's take a look at the bill itself:
The Obama administration reversed course Wednesday and said it wouldn't allow drilling off the Atlantic coast and in the eastern Gulf of Mexico near Florida, citing safety concerns after the worst offshore oil spill in U.S. history.
Environmental groups, meanwhile, characterized the decision as long overdue. "We have been opposed for years to drilling in the Atlantic, which holds meager oil reserves yet provides billions in fishing and tourism revenue to coastal communities," said Deborah Murray, with the Southern Environmental Law Center, based in in Charlottesville, Va.
This is fantastic news, but the President shouldn't have gone down this road in the first place. Especially if this is the primary reason why:
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