Bountiful Untapped Energy
The Washington Times Americans have become open to anything that would lower the cost of soaring energy and oil prices. Energy independence and the impact of foreign energy supplies on American security have become a major policy concern. Now, President-elect Barack Obama has nominated Steven Chu as energy secretary, Lisa P. Jackson as head of the EPA and Carol Browner in a new position as his energy "czar..." We believe the new appointees should be focused on making use of domestic oil supplies and other natural resources already present to keep America energy independent.
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Petroleum Industry Needs Access to Resources to Help Get America Back to Work
The Houston Chronicle
By Jack N. Gerard America's oil and natural gas industry is prepared to be part of the solution with thousands of new jobs and billions more in government revenue — while providing the energy necessary to expand the economy. However, to be able to do that, the industry must be assured of expanded access to the country's much-needed oil and natural gas resources, both onshore and offshore.
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Top Oil Lobbyist Doubts Reduced-Use Promises
The Washington Times
By Tom LoBianco The U.S. oil and natural-gas industry's new lead lobbyist said Tuesday he doubted that President-elect Barack Obama would be able to deliver on his campaign promise to reduce American oil consumption by 10 million barrels a day by 2030, but endorsed efforts to create more "green" jobs, many of which, he said, would be situated at oil companies.
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API CEO Gerard Talks about New Administration, Climate Legislation Prospects
OnPoint How will an Obama administration handle key energy policy issues like offshore drilling, oil company tax breaks and alternative fuels? During today's OnPoint, Jack Gerard, the new president and CEO of the American Petroleum Institute, gives his take on the effect President-elect Obama will have on the oil and gas industries. He also discusses next year's climate change talks, expressing uncertainty about a cap-and-trade bill.
Watch the interview on E&ETV
Punitive Taxation of Profitable Oil Industry Won't Break Dependence on Foreign Crude
Investor's Business Daily
By Mark J. Perry New taxes on oil companies would drastically cut capital that otherwise could be invested in emerging energy technologies and the expansion of refinery capacity. Taxes would negatively impact domestic energy production, reducing revenues. And they would tilt the playing field against U.S. companies that compete globally.
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Don't overturn 'Drill, baby, drill'
The News & Observer
By Robert L. Bradley Jr. Inaction to let the ban expire was a very good thing. Now, the public must watch Congress carefully to ensure that work begins to tap our enormous resources, resources whose time has surely come for beleaguered consumers. read more
Don't Let Cheaper Gas Lull U.S. Into Inaction
The Albuquerque Journal The recent oil price drop has given us a little breathing room. Americans should use it to demand comprehensive action on the full range of energy initiatives. read more (subscription required)
YES It would reduce America's reliance on foreign oil and help boost the state's economy
Richmond Times-Dispatch
By Bill Geroux Drilling for oil off Virginia's coast could help reduce America's crippling reliance on foreign fuel and bring jobs and revenue to the state, while posing no significant threat to the environment or tourist industry, proponents say. read more
Drill, Maybe Drill
The Washington Post In a world of skyrocketing demand for energy, it is becoming untenable for the United States to consume 20 percent of the world's oil...while doing nothing to explore its own shores for resources. read more
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