Men with Cabot Oil and Gas work on a natural gas valve at a hydraulic fracturing site on January 18, 2012 in South Montrose, Pennsylvania.
The oil and gas industry is facing a traffic jam of federal regulators rushing to regulate hydraulic fracturing, and industry representatives says the Obama administration needs to do more to consolidate new rulemaking. Keep reading →
Newt Gingrich is attempting to revive his faltering campaign for president by attacking President Barack Obama’s energy policy. In a column in the conservative blog Human Events Wednesday, the former House speaker urged the approval of the Keystone XL pipeline project, the expansion of domestic oil and gas drilling, and the elimination of the Environmental Protection Agency, in order to help drive gas prices down to $2.50 per gallon. “The Obama administration’s ideological refusal to expand American energy production continues to block the development of resources which could lower gasoline prices dramatically,” Gingrich wrote. “As we saw most recently with the administration’s rejection of the Keystone XL pipeline, the president is more interested in playing favorites with environmental extremists rather than embracing the ‘all-of-the-above’ strategy that could achieve energy independence and help all Americans now.”
The US “is on the cusp of an energy boom that is already creating hundreds of thousands of jobs, revitalizing entire communities, and reinvigorating American manufacturing,” said US Chamber of Commerce President and CEO Thomas Donohue as he laid out the Chamber’s priorities for 2012.
In his annual “State of American Business” report, delivered Thursday in the Italianate Hall of Flags in the Chamber’s Lafayette Square headquarters, Donohue highlighted energy first as a sector offering vast promise in jobs and revenue to help revitalize the US economy, but only if domestic resources are developed. Keep reading →
Governor Rick Perry’s newly released energy plan, in focusing on domestic resources and the job opportunities prompted by energy infrastructure spending, in many ways echoes the energy policy of the Obama administration.
The US presidential election remains more than a year away, but jockeying over energy issues has already broken into the open as jobs and infrastructure spending take center stage in early debates among the declared candidates for the Republican nomination. Keep reading →