Watson said an effective energy policy must balance energy availability and cost and environmental considerations. While “some progress on carbon emissions” can be made, “it’s going to take a lot longer than people think.”
Rather than subsidizing today’s alternative energy resources, Watson called for economical efficiency gains and investments in breakthrough technologies. He noted that subsidizing wind, solar and other alternatives has “raised the cost of energy for consumers.”
This brings the discussion to Obama energy policy. If his policy was centered on consumer welfare rather than ideology, his administration would approve rather than delay construction of the Keystone XL pipeline, for example. The privately funded $5.3 billion project would create thousands of jobs and deliver more than 800,000 barrels of Canadian oil per day to U.S. refineries on the Gulf Coast, providing the feedstock for the fuels and products essential to the U.S. economy and American families.
With political energy and leadership failing, it is refreshing to see leaders of global energy companies defend their moral right and financial opportunity to serve consumers with affordable, reliable energies. Energy education is well served — and corporate responsibility enhanced — by debunking the tired arguments of climate alarmism and rejecting government energy planning.
Bradley is CEO of the Institute for Energy Research.