In today’s Washington Examiner, Robert Bluey of the Heritage Foundation sounds the alarm over the loss of tax revenue usually drawn from drilling in the Gulf of Mexico.
Industry leader advocates expanded production and unveils latest research
WASHINGTON, D.C. – Yesterday the American Petroleum Institute hosted its “The State of American Energy” speech, given by their president and CEO, Jack Gerard. On the eve of the 112th congress, more than 200 hundred guests heard Gerard’s call for increased access to known reserves and an awareness of the disincentives associated with tax burdens.
President Obama’s economically injurious support for Big Wind is accompanied by his Administration’s continued efforts to demonize the oil, coal, and natural gas industries- the ones which actually catalyze our nation’s economy.
Commentary: U.S. Policy Makers Should Begin Transition to Natural Gas Economy in Next Congress, Rep. Cassidy Says
Domestic Energy Development Could Help Restore Manufacturing Base and Boost Dollar
America’s substantial supplies of natural gas should be further emphasized and considered as a stable, clean and affordable energy source in the next Congress, Rep. William Cassidy (R-La.) told The Pelican Institute in an exclusive interview.
“Politically correct” sources of energy are largely futile and Obama administration policies are a war against the energy industry and the Louisiana economy, says Pelican Institute guest speaker.
Interior Secretary Ken Salazar and Michael Bromwich failed to win the hearts of Louisiana’s Gulf Economic Survival Team and prominent politicians in their recent meeting in the state. A lack of urgency and definitive policy decisions lead to lack of confidence.
Environmental impact statement set to delay all auctions until 2012 NEW ORLEANS, La. – The Interior Department’s “public scoping” meeting, on the environmental impact of oil and gas leases, provided little hope for potential lessees. Tuesday’s opportunity for public submissions also failed to attract a crowd – approximately twenty individuals attended – but those that…
As long as this vicious cycle is in place, unions will continue to receive favorable legislation which rewards a few while harming many.
Only one deep drill permitted since official lifting
NEW ORLEANS, La. – Despite one month with no official moratorium, permitting for both shallow and deep water drilling continues to lag. Greater New Orleans Inc. released its Gulf Permit Index on Wednesday and highlighted that the Bureau of Ocean Energy Management, Regulation, and Enforcement has approved only one deep water well in the past month. That compares to a monthly average of six for the previous year, an 83 percent decline.*
It does not take an economist to explain how union and bureaucrat-backed pension plans are killing California.