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Oil Execs Say Obama Lead Us To "Energy Abyss"
Investor's Business Daily ^ | February 23, 2012 | IBD staff

Posted on 02/23/2012 5:56:23 PM PST by raptor22

Energy: Industry leaders gathered in Houston say rising fuel output comes in spite of, not because of, the president's policies and the pain at the pump will soon be excruciating.

Energy executives and other industry players gathered for the North American Prospect Expo (NAPE) in Houston shredded administration assertions that it is opening up areas for oil and gas exploration and that its policies are responsible for increased oil and gas production on President Obama's watch.

"These have been the most difficult three years from a policy standpoint that I've ever seen in my career," Bruce Vincent, president of Houston oil and natural gas producer Swift Energy, told the Houston Chronicle.

"They've done nothing but restrict access and delay permitting," he added. "The Obama administration, unfortunately, has threatened this industry at every turn."

Vincent led the voices exposing White House press secretary Jay Carney's phony assertion Wednesday when asked about gas prices soaring above $4 per gallon.

Carney said President Obama had "put in place policies that will dramatically expand the amount of exploration in the Gulf of Mexico, will expand the amount of exploration in Alaska, will expand the amount of natural gas production here in the U.S."

Really? "The administration has done everything BUT support drilling," said NAPE attendee and former Shell executive John Hofmeister. "We are on the verge of slipping into an energy abyss."

Shell has fought the administration to begin drilling in the Chukchi Sea off Alaska.

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Editorial; Government
KEYWORDS: bakken; drilling; energy; gasprices; ibd; ibdenergy; ind; keystonexl; marcellus; naturalgas; oil; shale; shalegas; shaleoil

1 posted on 02/23/2012 5:56:27 PM PST by raptor22
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To: Nachum; markomalley; Clairity; Carlucci; grey_whiskers; meyer; WL-law; Para-Ord.45; ...

Drill, baby, drill ping


2 posted on 02/23/2012 6:06:56 PM PST by raptor22 (Join me on Twitter @gerfingerpoken)
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To: raptor22

Why, Obama says the secret is in algae, don’t they know?

IOW, drill, baby, drill!


3 posted on 02/23/2012 6:15:56 PM PST by izzatzo (All in for Rick(Newt would do in a pinch).)
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To: raptor22
Between devaluing the US dollar and sabotaging the fuel industry pResident Fail is royally screwing every single American.

Why this isn't on the front page of every newspaper and the lead story on every news station totally escapes me.

Does this guy have naked pictures of everyone in the media??

4 posted on 02/23/2012 6:24:49 PM PST by ImProudToBeAnAmerican (Who is John Galt?)
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To: izzatzo
Why, Obama says the secret is in algae, don’t they know?

To Obama, the secret is in bullshit.

Piled higher and deeper.

5 posted on 02/23/2012 6:31:23 PM PST by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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To: raptor22

“By my plan energy prices will need to double”

Well He is succeeding, Guess that’s another one for Rush when he wished O would Fail!


6 posted on 02/23/2012 6:42:17 PM PST by jafojeffsurf (Return to the Constitution)
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To: raptor22


7 posted on 02/23/2012 6:53:15 PM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: raptor22

“We are on the verge of slipping into an energy abyss.”

We are on the verge of slipping into an abyss on absolutely everything!!
Take heart... help is on the way..... and his name is Newt Gingrich.

President Newt Gingrich—”Our beloved republic deserves nothing less.”


8 posted on 02/23/2012 6:59:35 PM PST by Gator113 (~Just livin' life, my way~.. President Newt Gingrich--"Our beloved republic deserves nothing less.")
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To: raptor22

Teetering on the cliff


9 posted on 02/23/2012 7:01:33 PM PST by therightliveswithus
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To: okie01

If only we could power cars with bs....Obama would fill everyone’s tank! But, it would still stink.


10 posted on 02/23/2012 7:24:59 PM PST by goodnesswins (2012..."We mutually pledge our Lives, our Fortunes, and our Sacred Honor")
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To: raptor22

Create crisis.

Blame greedy Big Oil.

Nationalize the oil industry.


11 posted on 02/23/2012 8:08:32 PM PST by PetroniusMaximus
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To: ImProudToBeAnAmerican
Does this guy have naked pictures of everyone in the media??

No, it's the other way around: the media all have life-size naked pictures of Zero hanging on their walls.

12 posted on 02/23/2012 8:24:53 PM PST by Sicon ("All animals are equal, but some animals are more equal than others." - G. Orwell)
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To: raptor22
"They've done nothing but restrict access and delay permitting," he added. "The Obama administration, unfortunately, has threatened this industry at every turn."

Gaffer's giving the tag away - use it if you will:

GAS WAS $1.85 per gallon on the day Obama was Inaugurated! - - freeper Gaffer

13 posted on 02/23/2012 8:28:36 PM PST by GOPJ (GAS WAS $1.85 per gallon on the day Obama was Inaugurated! - - freeper Gaffer)
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To: raptor22

They made sure he got elected. Why are they whining?


14 posted on 02/23/2012 8:37:54 PM PST by hedgetrimmer
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To: raptor22; mickie; flaglady47
The oil industry is doing a garbage job of defending itself against the onslaughts of Obama (and Bill O'Reilly every night).

The industry had a spokesman on The Factor the other night and the Bloviator made mincemeat out of him right from the gitgo. This little grey man wasn't even coherent in making the industry's case....he droned on and on without scoring a single point. O'Reilly ate him alive. It was embarrassing...and frustrating.

BO'R is a fascist statist who wants the administration to essentially control oil companies by executive fiat, i.e., their profits, their prices and the amount of their imports/exports.

Just listen to O'Reilly rant and rave when he gets started on the evil oil corporations. He wants Obama to get all their CEOs into the Oval Orifice....TO STRAIGHTEN THEM OUT, OR ELSE!

All O'Reilly needs is a little black mustache to complete the tableau when he gets going on the big-business-1%.

Leni

15 posted on 02/23/2012 9:02:14 PM PST by MinuteGal
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To: GOPJ
Under President Obama, the American Petroleum Institute notes, leases on federal lands in the West are down 44%, while permits and new well drilling are both down 39% compared to 2007 levels.

This is why Obama and Democrats must be sent home.

16 posted on 02/24/2012 6:09:40 AM PST by alrea
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To: alrea

Actually, they’re trying to prop up the extension cord industries.....


17 posted on 02/24/2012 6:14:52 AM PST by arrdon (Never underestimate the stupidity of the American voter.)
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To: alrea
This is why Obama and Democrats must be sent home.

One reason of thousands...

18 posted on 02/24/2012 7:11:15 AM PST by GOPJ (GAS WAS $1.85 per gallon on the day Obama was Inaugurated! - - freeper Gaffer)
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