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Obama's Words Don't Match with Action on Oil and Gas
Posted By Romina Boccia On January 30, 2012 @ 3:30 pm In Featured | Comments Disabled
At this State of the Union  address, President Obama proudly stated that “American oil production is the highest it’s been in eight years” and declared that his Administration would “open more than 75 percent of our potential offshore oil and gas resources.” While President Obama spoke favorably of the role that oil and gas development play in America, the President’s and his Administration’s actions don’t match with his words.
There are several areas where the President and his Administration are unreasonably hindering access to more oil and gas for Americans and threatening the industry with punitive measures:
Words alone will not make energy more abundant and affordable, nor will they create the energy-related jobs that would make the American economy stronger. If the President is truly concerned about increasing America’s energy access, he certainly has a funny way of showing it.
For policies in that direction, Heritage policy analyst Nick Loris explains in two papers how to make gas and electricity prices more affordable  and how to create jobs and raise government revenue through energy exploration .
Update: While the U.S. Energy Information Administration is currently updating  data used for its study of oil and gas production on federal lands, policies pursued by the Obama administration are poised to slowdown production on federal lands, such as a recent draft lease plan by the administration, which would close the majority of the Outer Continental Shelf  to new energy production through 2017.
Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2012/01/30/obama%e2%80%99s-words-don%e2%80%99t-match-with-action-on-oil-and-gas/
URLs in this post:
 State of the Union: http://www.whitehouse.gov/the-press-office/2012/01/24/remarks-president-state-union-address
 State Department environmental review: http://www.heritage.org/research/reports/2012/01/keystone-pipeline-rejection-and-obamas-economic-recovery-plan
 targeted tax hikes: http://www.heritage.org/research/reports/2011/05/whats-an-oil-subsidy
 40 percent lower: http://blog.heritage.org/2012/01/18/under-obama-oil-and-gas-production-on-federal-lands-is-down-40/
 “selective focus” on “negative outcomes.”: http://www.heritage.org/research/reports/2011/09/natural-gas-policy-access-not-over-regulation-and-subsidies
 how to make gas and electricity prices more affordable: http://www.heritage.org/research/reports/2011/02/a-good-energy-bill-can-make-gas-prices-and-electricity-affordable
 how to create jobs and raise government revenue through energy exploration: http://www.heritage.org/research/reports/2011/09/energy-exploration-would-create-jobs-and-raise-revenue-without-raising-taxes
 close the majority of the Outer Continental Shelf: http://naturalresources.house.gov/News/DocumentSingle.aspx?DocumentID=267985
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