Everyone loved the Energy Bill, but was it really worth passing?

Finger-pointing on a massive scale is going on in Washington right now over the bi-partisan Energy Bill which was recently killed. Our own Sen. Martin Heinrich recently blasted the bill’s death. The Bill was killed because Majority Leader Harry Reid refused to hold votes on amendments on the Keystone XL Pipeline and speed the export of liquefied natural gas.

Interestingly, while the US aims to isolate Russia for its aggressive behavior, China is on the verge of signing a deal to import Russian gas. Perhaps less obstructionism by the Obama Administration on behalf of LNG exports could have headed off this agreement? We’ll never know.

So, what about the content of the dead energy bill which managed to avoid the two major energy issues of the day (Keystone and LNG exports)? It’s mostly a bunch of special-interest tax breaks and subsidies ostensibly in support of “energy efficiency.” Ultimately, it would have had a negligible impact on US energy policy.

So, rather than passing a vanilla “do nothing” bill, Heinrich should have been pushing hard for a vote on LNG exports which would be a boon for New Mexico’s economy and Keystone XL which would have broader, positive implications for energy and economic growth.

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