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August 22, 2013

Touching Base

Expansion of U.S. oil resources could bring stability in Mid-East

CLAREMORE — Sen. Jim Inhofe is citing President Barack Obama’s policies as key obstacles to improving Middle East security concerns.

Inhofe made several stops in Rogers County Wednesday, meeting with local dignitaries and addressing several issues, including the fight to disarm the military, the President’s war on fossil fuels and the use of over regulation.

Global and local economies are directly tied to U.S. security concerns and Inhofe is not waiting for the next election to face the issues.

The President’s policy on nuclear weapon capability is not the answer for Americans, instead offering a solution to weaken the timetable of Iran’s nuclear weapons program, he said.

Inhofe is pushing lawmakers to open federal land for oil development.

In direct opposition of the Presidents fossil fuel policy, Inhofe believes the measure would allow U.S. businesses to increase oil exports.

Increased oil production would lower market demand and boost the U.S. economy, according to Inhofe.

Oil exports to Middle Eastern countries including Kuwait and the UAE would lower Iran’s revenue stream, decreasing funding for their controversial nuclear program.

The U.S. can effectively slow down Iran’s ability for nuclear capability,  extending the current 2015 timetable, according to Inhofe. President Obama’s opposition to the use of federal lands for oil production has gained support in the past four years, decreasing oil production by 7 percent, according to Inhofe.

Although the private sector has increased production by 40 percent during the same period, it is not enough to impact Iran’s market, according to Inhofe.

Despite the President’s war on fossil fuels, Inhofe believes the resources  on federal land would exceed current demand, giving private business time to increase the supply of green energy alternatives.

“Let’s go ahead and run this machine we call America until green resources are available,”  Inhofe said.

“Lack of federal lands access and uncertain federal regulatory climate are the biggest threats to U.S. energy independence,”  Inhofe said.

“We have enough oil to replace all of our Persian Gulf imports for more than 50 years, enough Natural Gas to meet demand for 90 years.”

Locally, the impact equals more jobs in a state that is leading the way in energy production, according to Inhofe. Although the Oklahoma economy is strong, the overall impact on the national economy is 2.5 million new jobs, increasing wages by $3.7 trillion and adding $3.8 trillion in tax revenue, according to Inhofe.

Inhofe said his focus on U.S. energy production is directly tied to his fight to stop Obama’s surrendering of national security.

Overall, defense will suffer over a $1 trillion cut while social spending increases, according to the senator.

“Our national defense takes a 50 percent cut under Obama’s sequestration,” Inhofe said.

While the energy sector struggles to overcome increasing over regulation, social spending will topple $48 million increasing 71 percent since 2008, according to Inhofe.

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