John Hannah: Bipartisan priorities for Obama’s second term
John Hannah, a senior fellow at the Institute for New East Policy, and former national security adviser to U.S. Vice President Dick Cheney, has written an insightful piece in the Foreign Policy blog, Shadow Government. Hannah illustrates some of the opportunities for bipartisan progress in President Obama’s second term. On energy, Hannah writes:
"Energy. Unlike most national security issues, this one promises huge upside opportunity. This week the International Energy Agency reported that thanks to the revolution in energy-recovery technology (hydraulic fracturing and horizontal drilling), the United States is poised by 2020 to pass Saudi Arabia as the world's leading oil producer. By 2035 we could achieve net energy self-sufficiency, producing as much as we consume. Imports from the Middle East, Venezuela or any other unstable, despotic part of the world could be zeroed out. The economic benefits are potentially staggering in terms of investment, jobs, overall growth, and the balance of payments. Of course, since oil is traded on a global market, we'd still be highly vulnerable to price shocks triggered by war, revolution, and instability in the Middle East -- unless, that is, we also got serious about moving our transportation sector (responsible for 70 percent of U.S. oil consumption) off of gasoline and onto alternative fuel sources, such as natural gas and electricity. Developing a comprehensive energy strategy that fully exploits the economic windfall of America's oil and gas boom while enhancing national security, investing in new technologies, and protecting the environment should be a tailor-made proposition for bipartisan cooperation and compromise. It's a win-win opportunity, more than capable of sensibly addressing many of the legitimate priorities of Republicans and Democrats alike, while making a major contribution to the nation's long-term wellbeing and strength.
On the eve of a second Obama administration, the country faces immense problems at home and abroad. With the president's re-election, a window has opened to forge a new, more productive partnership with congressional Republicans, one that can significantly strengthen his hand to deal with the most difficult challenges ahead. He should seize the opportunity that now exists. If he does, Republicans should be ready and willing to respond in kind."
Read Hannah's full post here.
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