President Obama's confusing approach to energy encourages our enemies who shout "death to America," while penalizing our closest allies and even our own job creators.

Iran's participation in the nuclear negotiations that have slogged on for months, have now, ultimately, netted a deal that will allow Iran to export its oil-which is the only reason they came to the table (they surely are not interested in burnishing Obama's legacy). International sanctions have, since 2011, cut Iran's oil exports in half and severely damaged its economy. Iran, it is estimated, currently has more than 50 million barrels of oil in storage on 28 tankers at sea-part of a months' long build up.

It is widely reported that, due to aging infrastructure and saturated storage, it will take Iran months to bring its production back up to pre-sanction levels. The millions of barrels of oil parked offshore are indicative of their eagerness to increase exports. Once the sanctions are lifted-if Congress approves the terms of the deal, Iran wants to be ready to move its oil. In fact, even before the sanctions have been lifted, Iran is already moving some of its "floating storage." On July 17, the Financial Times (FT) reported: "The departure of a giant Iranian supertanker from the flotilla of vessels storing oil off the country's coast has triggered speculation Tehran is moving to ramp up its crude exports." The Starla, "a 2 million barrel vessel," set sail-moving the oil closer to customers in Asia. In April, another tanker, Happiness, sailed from Iran to China, where, since June, it has parked off the port City of Dalian.

Starla is the first vessel storing crude offshore to sail after the nuclear deal was reached-which is, according to the FT: "signaling its looming return to the oil market." Reuters calls its departure: "a milestone following a months-long build-up of idling crude tankers." Analysts at Macquarie Capital, apparently think the oil on Starla will not be parked, waiting for sanctions to be lifted. A research note, states: Iran is "likely assuming that either a small increase in exports will not undermine the historic accord reached or that no one will notice." We noticed.

Already, before sanctions are lifted, global oil prices are feeling the pressure of Iran's increased exports. Since the deal's been announced, crude prices have lost almost all of the recent gains. While the Obama Administration's actions are allowing Iran, which hates America, to boost its economy by increasing its oil exports, they are hurting our closest ally but putting delay after delay in front of the Keystone pipeline-which would help Canada export its oil.

After six-and-a-half years of kicking the can down the road, and despite widespread support and positive reports, the Keystone pipeline is no closer to construction than it was on the day the application was submitted. It is obvious President Obama doesn't like the project, which will create tens of thousands of jobs, according to his own State Department. Back in February, he vetoed the bill Congress sent him that would have authorized construction, saying that it circumvented "longstanding and proven processes for determining whether or not building and operating a cross-border pipeline serves the national interest." At the time, Senate Majority Leader Mitch McConnell (R-KY) said: "Congress won't stop pursuing good ideas, including this one." But he was not able to gather enough votes to override the veto and, since then, we've heard nothing about the Keystone pipeline. In Washington, DC, silence on an important issue like Keystone isn't always golden.

There is no pending legislation on Keystone, but the permit application has still not been approved or rejected. I had hoped that the unions, who want the jobs Keystone would provide, would be able to pressure enough Democrats to support the project, to push a bill over the veto-proof line. But that didn't happen. For months, Keystone has been silently dangling. But that may be about to change.

Reliable sources tell me that Obama is prepared to, finally, announce his decision on Keystone. According to the well-sourced, and verified, rumor, he is going to say: "No"-probably just before or after the Labor Day holiday. He'll conclude that it is not in the "national interest." So helping our ally grow its economy and export its oil is not in our national interest but helping our sworn enemy do the same, is? It's like the "Channeling Jeff Foxworthy" parody states: we just "might live in a country founded by geniuses and run by idiots."

Speaking of economic growth and oil exports, what about here at home, in the good old U.S. of A.? Senator Lisa Murkowski (R-AK) questions the deal that allows Iran to export its oil, while we cannot: "As Congress begins its 60-day review of President Obama's nuclear deal with Iran, there are plenty of reasons to be skeptical about whether it is in our nation's-and the world's-best interests. Not least among them are the underexplored, but potentially significant consequences the deal will hold for American energy producers."

Most people don't realize that the U.S. is, as Murkowski says in her op-ed, "the only advanced nation that generally prohibits oil exports." Due to decades-old policy, born in a different energy era, American oil producers are prohibited from exporting crude oil because it was perceived to be in "short supply." (Note: refined petroleum product, such as gasoline and diesel, can be exported and is our number one export. We are also about ready to ship our major first tanker full of natural gas headed for Europe.) Today, when it comes to crude oil, our cup runneth over. The U.S. is now the world's largest producer or oil and gas. Rather than short supply, we have an over-supply-so much so that American crude oil (WTI) is sold at a discount over the global market (Brent). This disadvantages U.S. producers but doesn't benefit consumers because gasoline is sold based on the higher-priced Brent.

Murkowski argues that it is time to lift the 40-year-old oil export ban. She's introduced bipartisan legislation that would do just that, but, if he was so inclined, President Obama could reverse the policy himself-if he found it to be in the national interest. And how could it not be?

Allowing U.S. crude oil into the world market enhances global energy security, as it would be less impacted by tensions in the Middle East. Our allies in Europe and Asia would have access to supply from a friendly and reliable source-remember the Arab Oil Embargo crippled Japan's economy because it had no domestic supply and was overly reliant on Arab sources. Lifting the oil export ban would allow U.S. crude to be sold at the true market price, not the discounted rate, which would help stem the job losses currently being felt throughout the oil patch due to the low price of oil and exacerbated by the drop in the price of crude triggered by the Iran deal.

So, the Obama Administration is lobbying Congress to lift the sanctions on Iran, a country that views America as The Great Satan. Lifting sanctions would allow Iran to resume full oil export capabilities and boost its economy-while refusing to give our allies and our own country the same benefit. Iranian oil will enter the world market, while Canadian and American oil is constrained. How is that in the "national interest?"

It appears we might just be living in a country founded by geniuses and run by idiots.

The author of Energy Freedom, Marita Noon serves as the executive director for Energy Makes America Great Inc. and the companion educational organization, the Citizens' Alliance for Responsible Energy (CARE). She hosts a weekly radio program: America's Voice for Energy-which expands on the content of her weekly column.

Content on the Beat

WARNING: All articles and photos with a byline or photo credit are copyrighted to the author or photographer. You may not use any information found within the articles without asking permission AND giving attribution to the source. Photos can be requested and may incur a nominal fee for use personally or commercially.

Disclaimer: If you find errors in articles not written by the Beat team but sent to us from other content providers, please contact the writer, not the Beat. For example, obituaries are always provided by the funeral home or a family member. We can fix errors, but please give details on where the error is so we can find it. News releases from government and non-profit entities are posted generally without change, except for legal notices, which incur a small charge.

NOTE: If an article does not have a byline, it was written by someone not affiliated with the Beat and then sent to the Beat for posting.

Images: We have received complaints about large images blocking parts of other articles. If you encounter this problem, click on the title of the article you want to read and it will take you to that article's page, which shows only that article without any intruders. 

New Columnists: The Beat continues to bring you new columnists. And check out the old faithfuls who continue to provide content.

Newsletter: If you opt in to the Join GCB Three Times Weekly Updates option above this to the right, you will be subscribed to email notifications with links to recently posted articles.

Submitting to the Beat

Those new to providing news releases to the Beat are asked to please check out submission guidelines at https://www.grantcountybeat.com/about/submissions. They are for your information to make life easier on the readers, as well as for the editor.

Advertising: Don't forget to tell advertisers that you saw their ads on the Beat.

Classifieds: We have changed Classifieds to a simpler option. Check periodically to see if any new ones have popped up. Send your information to editor@grantcountybeat.com and we will post it as soon as we can. Instructions and prices are on the page.

Editor's Notes

It has come to this editor's attention that people are sending information to the Grant County Beat Facebook page. Please be aware that the editor does not regularly monitor the page. If you have items you want to send to the editor, please send them to editor@grantcountybeat.com. Thanks!

Here for YOU: Consider the Beat your DAILY newspaper for up-to-date information about Grant County. It's at your fingertips! One Click to Local News. Thanks for your support for and your readership of Grant County's online news source—www.grantcountybeat.com

Feel free to notify editor@grantcountybeat.com if you notice any technical problems on the site. Your convenience is my desire for the Beat.  The Beat totally appreciates its readers and subscribers!  

Compliance: Because you are an esteemed member of The Grant County Beat readership, be assured that we at the Beat continue to do everything we can to be in full compliance with GDPR and pertinent US law, so that the information you have chosen to give to us cannot be compromised.