Posted December 9, 2013
Why Obama Should Thank the Oil and Natural Gas Industry
National Journal (Amy Harder): The oil and natural-gas industry probably won't ever get a thank-you card from President Obama, but he has a few big reasons to be grateful for the fossil-fuel boom.
America's vast resources of oil and natural gas have enabled Obama to move forward on aggressive policies, including tougher environmental rules and Iranian oil sanctions, which he would not have been able to do nearly as effectively without them.
The International Energy Agency predicts the U.S. will surpass Saudi Arabia as the world's biggest oil-producer in 2015; and, by the end of this year, the Energy Information Administration says we'll surpass Russia as the biggest natural-gas producer.
"I've joked before that for the last 30 years, our national energy policy has been implicitly predicated on a low-cost, trustable supply of natural gas," said Jason Grumet, president of the Bipartisan Policy Center, who advised Obama in his transition to the presidency in 2008. "It is incredibly fortunate that it showed up in time."
Read more: http://bit.ly/1aP7BDD
More industry news:
- U.S. Energy Boom Helps Grease Manufacturing’s Spinning Wheels: http://cnb.cx/1gTqfzy
- Energy’s Chain of Economic Activity Shouldn’t Be Discounted: http://wapo.st/1ksFRKq
- Students Get Crash Course in Shale Industry: http://bit.ly/1fd5gXX
- Oil Starts Moving Through Keystone XL’s Southern Leg: http://bit.ly/1ktpOfc
- New Round in U.S. Renewable Fuels Fight: http://bit.ly/1dipVrF
- As Clock Ticks on Keystone XL, Canada OKs Oil-Sands Expansion: http://bit.ly/IXBuv1
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.