Excerpting the reaction to President Obama’s comments on energy prices and domestic energy production on Friday.
Jack Gerard, president and CEO, American Petroleum Institute, “API to White House: Long Term Solutions Require Short Term Leadership:”
Long-term problems call for short-term leadership. Suggesting that we rely on other nations to solve our energy challenges is irresponsible and will not increase our energy security. The Obama administration continues to delay or defer action on developing our domestic resources of oil and natural gas at every turn.
The trend is alarming. The administration has postponed lease sales in offshore areas. It has cancelled lease sales in onshore federal lands. It has extended permitting timelines for current leases and added unnecessary regulatory burdens. It has chosen inaction on essential energy projects that would create jobs, drive economic growth, and boost federal revenues.
The administration is well on its way toward creating higher gasoline prices for Americans.
Sen. Mary Landrieu (D-LA), “Landrieu Responds to President’s News Conference on Gas Prices“:
I share President Obama’s concern about how the current crisis in Libya and the constriction of supply in the U.S. are causing gas prices to skyrocket. Unfortunately, this administration still doesn’t seem to understand that the best way to combat rising gasoline prices is to encourage new domestic development and production of oil. By issuing permits in the Gulf and by opening new areas for development, we can combat the geopolitical events that affect what this country pays at the pump.
The president wants his administration to account for of all the undeveloped leases held by oil and gas companies in the Gulf. I don’t know how the president expects companies to develop leases in the Gulf when they can’t even get permits to conduct exploratory activities. Since new regulations went into place last year after the spill, only one new exploration plan has been approved by the BOEM – only one permit in 10 months. By contrast, in March 2010, the month before the Macondo accident, 48 exploratory plans were issued. The president can’t hold companies accountable for development of leases when they simply can’t get permits to develop them.
Politico, “Bill Clinton: Drilling delays ‘ridiculous’“:
Bush said all the things you’d expect him to say” on oil and gas issues, said Jim Noe, senior vice president at Hercules Offshore and executive director of the pro-drilling Shallow Water Energy Security Coalition. But Clinton added, “You’d be surprised to know that I agree with all that,” according to Noe and others in the room.
Clinton said there are “ridiculous delays in permitting when our economy doesn’t need it,” according to Noe and others.
Rep. Fred Upton (R-MI), chairman of the House Committee on Energy and Commerce, “Upton Statement in Response to President Obama’s Remarks on Energy and Gasoline Prices“: (continue reading…)