- Jeb Bush « Energy Policy
Tuesday, September 29, 2015
Event: Governor Bush to Deliver Energy Policy Address
Location: Rice Energy Company
400 Woodcliff Drive
Canonsburg, PA 15317
September 29, 2015
Unleash the Energy Revolution
Americans continue to endure anemic economic growth of barely 2% a year. For most people, it continues to be too hard to find a good paying job, get a raise or simply make ends meet. Some call this “the new normal,” but it is unacceptable. With the right policies and leadership, we can, in the near-term, achieve 4% growth and restore the opportunity for every American to rise. But that will only happen if we reverse damaging federal energy policies.
The Energy Revolution and GrowthEnergy is not just a sector of our economy. It is also an input into every other economic sector. That means cheaper, more reliable energy benefits American families in multiple ways. More domestic energy leads to more jobs, higher wages, lower gas prices and smaller electricity bills. In short, it means more money in people’s pockets, allowing them more freedom to make more choices for themselves and their children.
Current federal energy policies impose Washington, DC’s will on how states, tribes, businesses and families produce and use energy. In spite of this, the United States has managed to benefit over the last several years from an American innovation. A combination of hydraulic fracturing and horizontal drilling is transforming the United States into a global energy superpower. For instance, since 2008, U.S. crude oil output has increased by over 80%, an increase of over 4 million barrels a day. That is the fastest increase in U.S. history. Even with the recent slowdown in production due to lower energy prices, America will continue to produce vastly more oil and gas than it has in decades, with corresponding economic and strategic benefits.
A Once-in-a-Generation Economic OpportunityThe U.S. is still in the early stages of capitalizing on this economic opportunity. The Energy Revolution creates jobs in the oil and gas fields. Researchers at Dartmouth University found that every $1 million of oil and gas extracted from an oil or gas well generates, within 100 miles of that well, an additional $263,000 in wages and 2.8 new jobs. It also creates jobs throughout the oil and gas supply chain. For example, diesel engines that drive drilling rigs in Texas are largely manufactured in the U.S. heartland including in Illinois, Indiana, Wisconsin and Michigan.
A Manufacturing Renaissance, a million new jobsHowever, job creation extends well beyond the oil and gas industry and its suppliers. A Harvard Business School/Boston Consulting Group study asserts, “We believe that the single-largest source of competitive advantage and economic opportunity for the United States over the next decade or two is likely to be energy”. Cheaper energy can reinvigorate U.S. manufacturing. The result, more Americans find work.
PricewaterhouseCoopers predicts the cheaper energy produced by the Energy Revolution will result in the creation of 930,000 new manufacturing jobs by 2030 and 1.41 million by 2040.
An Energy Plan for Americans to Rise
1. Lift Restrictions on Exports of Oil and Natural Gas
Current law bans the export of crude oil and makes it difficult to export natural gas to non-Free Trade Agreement countries such as Japan, China and the European Union.
Lifting the ban on crude oil exports and liberalizing natural gas exports would create hundreds of thousands of additional jobs and significantly lower net energy costs within two years. For instance, estimates from various studies indicate retail gasoline prices would drop by approximately 6 cents a gallon within 2 to 3 years of lifting the crude oil ban.
2. Approve the Keystone XL Pipeline
President Obama and Hillary Clinton have baldly politicized the government permitting process by opposing the Keystone XL pipeline. After seven years and an unprecedented level of environmental review, there is now no credible reason for the President to stand in the way of this privately-funded project. Its approval would increase GDP by over $3 billion and support 42,000 jobs while the pipeline is under construction. Once built, it will be an essential piece of infrastructure more safely and cheaply moving both Canadian and U.S. resources to consumers.
3. Reduce Overregulation
Energy resources must be developed in a way that protects human health and the environment. Rules play an important role in making sure this is the case. But the Obama Administration’s excessive rules too often usurp state and tribal authority and go beyond what is necessary.
Overregulation affects energy directly and indirectly. Some new rules, such as overwriting state and tribal standards for hydraulic fracturing operations, directly discourage investment in domestic oil and gas operations. Other, broader regulations, such as Obama’s Carbon Rule, attempt to impose the President’s conception of how everyone should produce and consume energy.
The damaging effect such heavy-handed regulation has, not only on energy security but on American households, is largely hidden to the average consumer. For instance, unless it is quickly addressed by the courts, in the near-term, Obama’s Carbon Rule will increase electricity prices for everyone and threaten the system’s reliability.
Obama’s Carbon Rule will increase electricity prices for everyone and threaten the system’s reliability
Perhaps worse, such regulation saps America’s dynamism. We have, thus far, benefited from the Energy Revolution simply because Washington did not have time to quash it, but we will never know how many other innovations have been lost due to overregulation.
Addressing this regulatory mess requires a president willing to restore regulators’ accountability to the American people. A week ago, I proposed significant reforms that will broadly improve the rulemaking process. Because affordable energy is so important to American families and our economy, rules and permitting practices that unnecessarily suppress domestic energy production and raise prices need to be immediately addressed by the next president. Some, such as Obama’s Carbon Rule, need to be stopped in their tracks.
Rules and permitting practices that unnecessarily suppress domestic energy production and raise prices need to be immediately addressed by the next President.
4. Defer to Willing States and Tribes
At least two states, Alaska and Virginia, have expressed an interest in further developing energy resources but have been thwarted or constrained by the Obama Administration. For instance, Alaskans overwhelmingly want to develop onshore and offshore energy resources in or near their state. Yet the President has severely limited the extent to which these lands can be explored and developed. Even more extreme, Hillary Clinton has indicated she would flatly prohibit drilling off the northern coast of Alaska.
This must change. Washington should generally defer to the will of states and tribes. Their citizens and leaders are best able to weigh the benefits and costs of oil and gas development.
Additional Materials On This Policy:
Once achieved, the nation must maintain higher growth with energy policies that continue to increase jobs and lower costs over the long-term. In the coming months, I will release additional proposals that will complement our status as an energy superpower by revitalizing our position as the superpower of energy innovation.
For instance, we can further accelerate the discovery of game-changing technologies by boosting funding for high-priority basic research and increasing the effectiveness of our national labs. The private sector often underfunds energy research that could greatly benefit society. Government can correct that. My record and experience in Florida shows how world-class research contributes to jobs and technological advances that can improve everyone’s quality of life.
In addition, we must create a level playing field for all energy sources including, but not limited to, nuclear, renewables, coal, natural gas, oil and alternative fuels. We unnecessarily drive up energy costs on Americans when we play favorites and suppress the dynamism of free markets.
Further, producers and consumers must have better access to new technologies such as “intelligent” electricity management devices, unconventional transportation fuels, advanced nuclear power designs and cutting-edge energy conservation methods. We must remove burdensome government regulations, subsidies and other barriers that get in the way of adopting and exploiting such innovations.
Energy, Unleashed, Can Help All Americans Rise
Taken together, these policies will fully unleash the Energy Revolution, creating more jobs, higher wages, cheaper gas and cheaper electricity, while better protecting our interests abroad and our environment. This plan will help us quickly achieve, and sustain, 4% economic growth.
With North American resources and American ingenuity, we can finally achieve energy security for this nation – and with presidential leadership, we can make it happen.
But to achieve these policies, we have to change the way Washington
works. And we have to change who we send there to lead. With North
American resources and American ingenuity, we can finally achieve
energy security for this nation – and with presidential leadership, we
can make it happen in the near-term. If we do all of this, and if we do
it right, we will make the United States of America an economic
superpower like no other.
Jeb Bush's Energy Plan: Just Another Republican Big Oil GivewayAlready being compared to "Mitt Romney's energy platform," Jeb Bush is rolling out his energy plan in Pittsburgh this afternoon.
With Walker Out, Jeb! Makes Play To Become New Koch Favorite With Big Oil-Giveaway PlanWashington, D.C. – Today Jeb W. Bush rolls out his low energy plan for America. Spoiler alert: Jeb will announce his fossil-friendly, anti-climate plan from the site of an oil and gas company that has been a serial offender of environmental violations. Jeb’s plan promises to provide backwards-looking ideas like more fossil fuels, fracking and horizontal drilling, and some more fossil fuels. What solutions does Jeb offer for addressing climate change? Zip. What’s Jeb’s plan to transition away from finite fossil fuels to a clean energy economy? Zero. What answers does Jeb have for reducing pollution for current and future generations? Zilch.
If Jeb’s all-fossil-fuels-agenda and rejection of responsible efforts to address climate change feels like a blast from the past, that's because it is. Jeb’s energy advisors are a who's who of former George W. Bush advisors, showing once again why a Jeb presidency would be nothing more than a third term for George W. Bush. Like his brother, who let Big Oil write his environmental policy, Jeb derides voters as “arrogant” if they believe the 97% of scientific community that climate change is real and man-made and has vowed to block any real progress like the President’s Clean Power Plan under the false pretense that it will hurt the economy, when independent analysts conclude it will actually create a quarter million jobs. Jeb’s Big-Oil give away proposal shows he would rather be the Koch brother’s new favorite candidate than listen to 97% of scientists or even Republican pollsters who have shown that amajority of self-described conservative Republicans agree that climate change is man-made and poses a real threat.
League of Conservation Voters
LCV STATEMENT ON GOV. BUSH'S ENERGY PLANWashington, DC – In response to the release of Gov. Jeb Bush’s energy plan, LCV Senior Vice President of Campaigns Daniel J. Weiss issued the following statement:
“Governor Bush’s energy plan is a carbon bomb. It ignores sound science and undoes any meaningful progress we have made combatting climate change. To please big oil and the other polluters that fund his campaign, Bush is ignoring the majority of Republican voters who believe the climate is changing. This plan threatens public health and economic growth by dumping millions of tons of carbon pollution into the atmosphere. Bush assumes that pollution is free, but that only applies to companies and not the public who will pay its costs.”
BUSH’S ENERGY PLAN DOUBLES DOWN ON FOSSIL FUELS, IGNORES CLEAN ENERGYSAN FRANCISCO—Today, Jeb Bush released his energy platform—and ducked a critical opportunity to lay out a plan to build a clean energy economy for our country. Instead of embracing America’s clean energy opportunity, Bush’s plan would further our dependence on fossil fuels, dismantle the Clean Power Plan and approve the Keystone XL pipeline—increasing carbon pollution and locking us into dirty energy for decades to come. This proposal would not only threaten our health, our national and economic security and our children’s future—it would also cede America’s global leadership on clean energy to other countries.
“Jeb Bush today sided with dirty energy interests and laid out a plan that would lock us into fossil fuels for decades,” said NextGen Climate President Tom Steyer. “Bush’s plan is out of step with the American people on clean energy. The fact is voters in both parties want their next president to stand up and embrace the transition to a clean energy economy—not hold it back.”
Voters across the country—including Republicans—are looking for clean energy solutions—not the dirty energy of the past. In the key presidential state of Iowa, Republican leaders—including Senator Chuck Grassley and Governor Terry Branstad—have embraced Iowa’s leadership on wind energy. And a new national survey released yesterday by the ClearPath Foundation shows that 72 percent of Republicans support accelerating the development of clean energy.
The fossil fuel industry has already contributed more than $9 million in support of Bush’s campaign—and the energy plan Bush has announced protects their interests instead of embracing policies that will move our country forward. It’s time for Bush to break with the dirty energy special interests and stand with Republican voters—and the American people—and lay out a clear plan to build a clean energy economy for our country.
NextGen Climate is focused on bringing climate change to the forefront of American politics. Founded by businessperson and philanthropist Tom Steyer in 2013, NextGen Climate acts politically to prevent climate disaster and promote prosperity for all Americans.
NRDC Action Fund
NRDC Action Fund responds to Bush energy plan rolloutThe NRDC Action Fund today released the following statement from David Goldston, director of government affairs, in response to the energy plan outlined by presidential candidate Jeb Bush:
“Jeb Bush gets energy policy entirely wrong, and this proposal should end any portrayals of him as a ‘moderate’ or ‘thoughtful’ candidate. His plan barely mentions any future-oriented, environmentally friendly energy sources like wind and solar, and he mentions climate change only to throw poorly aimed brickbats at the President’s plan to limit carbon pollution – the only plan on the books to address the problem.”
The NRDC Action Fund’s mission is to build political support in the United States for protecting the planet and its people. We mobilize influential constituencies, experts, community leaders and others to directly advocate for clean air and water, public health, biodiversity, and a stable climate. We support candidates who stand up for environmental protection, and we expose those who side with polluters rather than the public good.www.nrdcactionfund.org
Important note to reporters/editors: The NRDC Action Fund is an affiliated but separate organization from the Natural Resources Defense Council. As a 501(c)(4) nonprofit organization, the NRDC Action Fund engages in various advocacy and political activities for which the Natural Resources Defense Council, a 501(c)(3) organization, faces certain legal limitations or restrictions. News and information released by the NRDC Action Fund needs to be identified as from the “NRDC Action Fund.” The “Natural Resources Defense Council Action Fund” is incorrect. The Natural Resources Defense Council (NRDC) and the NRDC Action Fund cannot be used interchangeably. Also please note that the word “National” does not appear in Natural Resources Defense Council.
Sierra Club: Bush’s Energy Plan isn’t ‘low energy’ or ‘high energy’--it’s every type of ‘dirty energy.’
Today, Jeb Bush is releasing his national energy plan. According to
early advanced reporting, elements of the plan include lifting the crude oil export ban, eliminating essential clean air and climate safeguards, building the dirty Keystone XL pipeline, drilling off Alaska’s pristine coast and gutting clean water protections.
In response, Sierra Club Political Director Khalid Pitts released the following statement:“This dangerous energy plan isn't ‘low energy’ or ‘high energy’-- it's every type of ‘dirty energy.’ This plan promises voters the world, but the truth is that the world is exactly what it would sacrifice to fatten the wallets of dirty energy conglomerates like Koch Industries--all while failing to tackle the moral imperative of the climate crisis and just days after Pope Francis made clear that this is one of the greatest challenges facing humanity.”
Democratic National Committee
DNC Response to Bush's Energy PlanIn response to Jeb Bush’s energy plan, DNC spokeswoman Christina Freundlich released the following statement:
“If Jeb Bush’s energy plan sounds like it was written by oil companies and Dick Cheney, it’s because he is relying on former officials from his brother’s administration who would take our country back to the old policies that were in place while hard working Americans were burdened with sky high gas prices. His dirty oil-driven plan has been tried before, and it was disastrous for the American people. Let’s be clear, JebBush’s plan would give more tax breaks to the wealthy, weaken safeguards on polluters, and let Wall Street and Big Oil run free again – all while leaving the middle class out to dry.”