Today President Trump overturned restrictions on oil drilling that were put in place by former President Obama. That means the Keystone XL pipeline and the Dakota Access pipeline can be fully operational.
As expected, environmentalists were apoplectic over Trump's action, likening it to a zombie apocalypse. Despite the objections of critics, the freeing up of the two pipelines represents a positive development. I have put together a list of reasons why we shall all benefit.
1. It increased the supply of oil, which in turn holds down the price of gasoline. It is the time tested law of supply and demand.
2. Cheaper gasoline means more money in the pockets of working people and their families. How can that be bad?
3. Cheaper gasoline means the auto industry will continue to meet consumer demands for larger, more expensive vehicles, which generate higher profits. Higher profits add up to greater job security, higher pay and increased stock prices. Increased stock prices mean more valuable and secure pension funds and personal IRA accounts and 401K accounts
4. More American petroleum means means fewer oil imports.That translates into billions of dollars less flowing out of our country and into the coffers of middle-east countries that provide safe haven and financial support to radical Islamic terrorists.
5.More American oil means we become exporters as well as importers.bringing billions of dollars into our economy.
6. Oil exploration means the creation of thousands of good paying jobs for American workers.
7.Less unemployment means less welfare expenditures, which in turn means less strain on the Federal budget and American taxpayers.
Along with environmentalists, Native Americans have fought the pipelines, claiming they are an intrusion upon sacred grounds, To penalize American workers and the American economy because of tribalism, myth, superstition and the belief in the supernatural is itself a crime against the human intellect.Angels demons and spirits have no place in a civilization created by courage, vision and the inventiveness of the human mind.
