If you had something you needed in your home, would you go to the store to buy it anyway? Of course not! Strangely, however, some members of Congress seem determined to push the country toward making this counterproductive choice. The Congressional Research Service released a report at the end of October, “U.S. Fossil Fuel Resources: Terminology, Reporting, and Summary,” which clearly showed that the U.S. has a considerable amount of oil, coal, and natural gas at its disposal—but most of it hasn't been accessed.
According to the report, “the resource pyramid indicates that many of the high quality, easy to find deposits have already been produced. Current proved reserves include many deposits that are of lower quality or with poorer access than some historical production, but which are still economic under current market conditions.”
In other words, it makes sense for businesses to retrieve the oil and turn it into useable fuel. As a result, the United States appears to be well-positioned to declare energy independence, which should be cheering news since currently the U.S. has to purchase resources from unstable and sometimes unsavory overseas suppliers.
Unfortunately, some environmental activists, in their quest to cut America’s emissions levels back to 1977 (back when fewer people lived here, fewer cars were on the road, and the economy was smaller) have begun to demand that the production process used to extract and produce energy also be factored into fuels’ emissions “bottom line,” through the imposition of a low carbon fuel standard scheme.
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