A Perspective On American Energy That Isn’t Being Heard

Scott Noble is the President of Noble Royalties, Inc. (NRI). NRI is a company that specializes in acquiring valuable mineral, royalty and overriding royalty properties. The company was founded in 1997. Mr. Noble is also chairman of the New American Energy Opportunity Foundation, which supports energy independence for America.

Mr. Noble was interviewed on the Bill Bennett show during the last presidential campaign. This is the audio from that interview:

Some highlights from the website of the NAEOF:

The United States has more energy resources than any other country in the world.  Because of recent advances in technology, American

has the potential to become the number one energy producer in the world by the end of the decade. The main obstacle to achieving this goal is over-regulation by the federal government. Because of those regulations, there are fewer jobs, higher prices at the gas pump, and our national security is at risk.
Under the Obama Administration, new leases on federal land have dropped to under 2 million a year from 12 million in 1988. According to a study conducted by Noble Royalties, returning to 1980’s leasing levels would generate

750 billion dollars in lease and royalty fees for the federal government and add

5 trillion dollars to America’s economy. That is how you fight unemployment.
The Obama Administration has blocked the development of oil sources in Alaska and offshore, and it has blocked the building of new oil refineries.
The article at NAEOF concludes:

Beyond outright bans on development and the failure to issue new leases, numerous new laws have been passed in the past 30 years increasing administrative requirements on energy producers.  A 2004 report from the U.S. Department of Energy determined that there are more than 140 different laws which impact natural gas production in the United States.  Most of these laws apply equally to oil development as well.  The result of this new mound of bureaucracy and red tape has been increased permitting delays, lawsuits and compliance costs that are additionally stymieing development.

Of course, it is reasonable to expect the US government take steps to make sure energy companies are developing oil and gas responsibly.  But environmental regulations long ago passed from the necessary to the ridiculous.  For instance, the Bureau of Land Management recently put a moratorium on drilling in 380,000 acres of land during the mating season of prairie chickens. But when pressed, BLM admitted that the ban was not based on any scientific analysis.

Instead of doing the things that will build our country’s future, we are borrowing from children who aren’t even born yet. America needs to wake up and elect people who will move forward on American energy independence.

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