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Obama & Oil Weekly Address

Obama & Oil Weekly Address

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Published by empressruler

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Published by: empressruler on May 27, 2011
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05/27/2011

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May 16, 2011PERMALINK 
 A Closer Look at President Obama’s Baby Steps on U.S. Drilling
Big on hype, small on real actions that will actually increase American energy production
With 69 percent of Americans supporting increased offshore drilling, it’s no surprise that  President Obama recently shifted positions in his weekly address and is now embracingincreased oil and natural gas production as an answer to rising gasoline prices.While the President’s announcement generated headlines, a closer examination of theactual proposals shows that it’s big on hype and small on real actions that will actuallyincrease American energy production.Chairman Hastings noted last week,
“ One weekend address announcing minor policy tinkering, while positive, does not erase the Administration’s long job-destroying record of locking-up America’s energy resources.”  
Even with President Obama’s latest speech, our nation is still further behind in developingour American energy resources than we were when he took office. The ObamaAdministration has canceled onshore oil and natural gas lease sales, canceled offshore leasesales, effectively closed the entire Atlantic and Pacific Coasts to new drilling, and slow-walked permits in the Gulf of Mexico. President Obama has taken our energy policy 10miles backwards and now wants credit for moving 10 feet forward. The President may beheaded in the right direction, but he still has a long, long way to go.
President Obama’s Proposal What It Really Means…
1.
 
Conduct annual lease sales in theNational Petroleum Reserve inAlaska (NPRA)The Obama Administration held alease sale in the NPRA in 2010 – this isnot a new proposal.The real problem is the ObamaAdministration continues to delay theissuance of permits for necessaryroads, bridges and pipelines totransport the energy once it’sproduced. For example,ConocoPhillips has been waiting since2008 for a permit to build a bridge.
 
NPRA lease sales will have little impact if the Obama Administration continuesto block the construction of infrastructure.2.
 
Speed up evaluation of oil andnatural gas resources in the midand south Atlantic.Before President Obama toutsincreased production in the Atlantic,don’t forget that his AdministrationCANCELLED the Virginia lease salescheduled to take place THIS YEAR.Speeding up seismic work is a punyconsolation prize for delaying the leasesale until at least 2017 .The House Republican bills(H.R. 1230  and H.R. 1231)passed in the last two weeks would not only conduct theVirginia lease sale within a year, but move forward in the next five yearswith new drilling in the Atlantic inareas with the most oil and natural gasresources.3.
 
Hold Gulf of Mexico lease sales in2012.These lease sales were previouslyscheduled to take place in either 2011or 2012 until they were delayed by theObama Administration . The President is not opening new areas for drilling.The Obama Administrationwas oncourse to make 2011 the first yearsince 1958 that the federalgovernment will not have held anoffshore lease sale.The Republican bill(HR 1230), which passed with bipartisan support, wouldrequire the Obama Administration tomove forward with these lease salesbeginning within four months of enactment.4.
 
Extend drilling leases in the Gulf of Mexico and Alaska that wereimpacted by the offshore drillingmoratorium.This is a simple matter of fairness that the Obama Administration is finallyrecognizing. The ObamaAdministration imposed a months-long moratorium on offshore drilling,

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