Tuesday, June 10, 2008

Cannon Hearts Shale Oil

Apparently it's beat up on Chris Cannon's energy policy week here. But he just keeps talking, how could we not? From today's SLTrib:

Riding the public outcry on soaring oil prices, Rep. Chris Cannon is introducing legislation that would allow the president to skip the red tape on permitting oil shale extraction.
It's a move aimed at speeding up what Cannon calls a vast domestic energy source.
Utah, Colorado and Wyoming hold what some oil shale supporters say is a Saudi Arabian-size reserve of synthetic oil in sedimentary rock that can be heated and processed into a fuel source. Six companies are now exploring the ability to extract the oil shale in Utah, but none is close enough to produce a commercially feasible product.
Because the president should be trusted to skip red tape in any case he deems necessary, that's never gone bad before right?

My favorite parts of the article, when Cannon admits no one can turn shale oil into usable oil now, but that this legislation will save you money at the gas pump.
Even if the bill passes next month, Cannon acknowledged no company could immediately start producing enough oil shale in the near future to make much of a difference in gas prices. He says, though, that passing the bill might signal to oil speculators to stop bidding up the price of crude oil if they fear a large, domestic source might be available.
Speculators would still have years to make money before shale oil came on line, so it would be at least that long before we saw any difference in price, but at least Chris tried.

My other favorite, when Mark Udall, Chris's current colleague who's running for Colorado's senate seat (and is looking good so far) chimes in with
Udall slammed Cannon's bill, saying it combines the Carter administration's "crash program" for oil shale and President Bush's "just-trust-the-president" attitude.
"It shows that some people have such a bad case of oil shale fever that they are ready to make Colorado's Western Slope a national sacrifice zone," Udall said. "It's almost a parody of sound energy policy - but, unfortunately, I think its author means every word of it."
Unfortunate indeed.

1 comment:

  1. I hate to evoke Godwin's law so early, but Rep. Lynn "I can't name the Ten Commandments" Westmoreland (R-GA) beat me to it in support of Rep. Cannon's Bill:
    "I think the people that elect us deserve to know what our plan is. The Republican side has come out with a plan. They say, 'Look, we're gonna take advantage of our natural resources. We're gonna take advantage of the things that we were God-given in this land. We're gonna take advantage of our oil reserves, of our natural gas, of our abundance of coal.' We're gonna take advantage of those things, and we're gonna use the technology that we've been so good about coming up with. We're gonna take and convert this shale to oil, which Hitler did in the late '20s. In the late '20s. And we don't think that we can do that today?"

    With friends like these, Cannon could use some more enemies.