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U.S. oil industry warns of economic fallout from Democratic drilling ban
Reuters ^ | January 7, 2020 | by Valerie Volcovici

Posted on 01/09/2020 8:42:53 AM PST by Oldeconomybuyer

The head of the largest U.S. energy industry group on Tuesday warned that Americans risk choosing the “wrong path” in the 2020 presidential election if they vote for a candidate seeking to fight climate change by banning drilling.

The chief executive of the American Petroleum Institute said such proposals from Democratic candidates seeking to unseat Republican President Donald Trump pose a threat to the economy, and urged a room filled with nearly 800 energy executives to push back against them.

The industry group also announced a multi-million dollar advertising campaign, focused on U.S. political swing states, that bills the oil and gas industry as a leader in cutting greenhouse gas emissions through improvements in technology.

“We know many candidates now are talking about this industry and we want to make sure the American people hear our story,” said API President and CEO Mike Sommers.

U.S. Democrats hoping to run against Trump in November’s election have vowed to rapidly shift the country away from planet-warming fossil fuels if elected to help avert the worst impacts of global climate change.

To do so, several candidates here have promised to end new drilling on public lands, and some have proposed a national ban on hydraulic fracking - a controversial drilling technology that pumps water and chemicals into rock formations to access petroleum deposits.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections; US: California; US: Delaware; US: Indiana; US: Massachusetts; US: Minnesota; US: New Jersey; US: New Mexico; US: New York; US: North Dakota; US: Texas; US: Vermont
KEYWORDS: amyklobuchar; california; climatechange; climatechangefraud; clowncar; corybooker; delaware; democrats; election2020; elizabethwarren; energy; fauxahontas; getshorty; globalwarminghoax; greennewdeal; hawaii; hydrocarbons; indiana; joebiden; joeclowncarbiden; maga; massachusetts; michaelbloomberg; mikebloomberg; mikepence; minnesota; neverlivedinnewark; newark; newjersey; newyork; oil; opec; petebuttigieg; slingingbull; socialism; southbend; tomsteyer; tulsigabbard
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1 posted on 01/09/2020 8:42:53 AM PST by Oldeconomybuyer
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To: Oldeconomybuyer
Democratic candidates seeking to unseat Republican President Donald Trump pose a threat to the economy...

The current crop of fkups and retards represent a threat to America in general.
2 posted on 01/09/2020 8:45:46 AM PST by akalinin
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To: Oldeconomybuyer

Then why do oil companies endorse and adopt all the other progressive policies while being threatened with prosecution.

They just don’t like this o e policy.

I CALL BS.


3 posted on 01/09/2020 8:50:27 AM PST by ImJustAnotherOkie (All I know is The I read in the papers.)
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To: Oldeconomybuyer

This is the age old struggle between Liberty and tyranny.

I do not understand why some people always have this lust for power over other people. Yet every age in history has them. An in every age the tyranny always tries to use a fake crisis to scare people into trading liberty for a fake sense of security.

That is what this is. “Climate change” is a manufactured political movement designed to scare voters into trading their liberty from a fake sense of security from a made up threat. The Communists used the “wreckers” for the Nazis it was “the Jews’, now it is “climate change”.


4 posted on 01/09/2020 8:55:15 AM PST by MNJohnnie (They would have abandon leftism to achieve sanity. Freeper Olog-hai)
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To: Oldeconomybuyer

Democrats pose a threat to the country, period.


5 posted on 01/09/2020 8:55:40 AM PST by beethovenfan (Mene, Mene, Tekel, Upharsin)
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To: ImJustAnotherOkie
Read and think about what you just said.

other progressive policies while being threatened with prosecution.

6 posted on 01/09/2020 8:56:12 AM PST by MNJohnnie (They would have abandon leftism to achieve sanity. Freeper Olog-hai)
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To: Oldeconomybuyer

Buffoonish.


7 posted on 01/09/2020 8:57:38 AM PST by KC_Conspirator
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To: KC_Conspirator

Look up cause and effect. Mr. Sun is expecting a call.


8 posted on 01/09/2020 9:01:28 AM PST by gathersnomoss (Welcome to North Mexico, Gringo's it...)
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To: Oldeconomybuyer
fight climate change by banning drilling

Ironically this will increase CO2 emissions. As the price of oil increases, more energy intensive methods of extraction can be financially justified. Even carbon taxes increase CO2 emissions because the government plans on spending them, quickly, and then some, as inefficiently as possible. Spending money is the same thing as consuming energy. Pretty much the only way to really reduce CO2 emissions is by going 100% orthodox Amish, Pol Pot style.

9 posted on 01/09/2020 9:02:05 AM PST by Reeses (A journey of a thousand miles begins with a government pat down.)
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To: MNJohnnie

Oil companies support everything progressive while Bernie and some others want the same execs jailed.

So where’s the problem.


10 posted on 01/09/2020 9:05:06 AM PST by ImJustAnotherOkie (All I know is The I read in the papers.)
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To: Oldeconomybuyer

Start cutting humorous ads showing people living like the folks in the 1800s if it weren’t for energy. Our side needs to start jerking our knees instead of engaging in bow-tie policy debates with people whose objective is to destroy our way of life.


11 posted on 01/09/2020 9:10:34 AM PST by Extremely Extreme Extremist
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To: Oldeconomybuyer

We can’t really say we’re not dependent on middle eastern oil until we can ensure eco nazis are no longer a threat to our independence at home.


12 posted on 01/09/2020 9:27:10 AM PST by fruser1
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To: beethovenfan

It’s funny here in California where they run everything lock stock and barrel and I have like 90% majorities in places like San Francisco to run the city councils on what they do given complete and utter power

What you get is homeless bums on the street shooting up and the city giving them free needles and thinking that’s compassionate

You get brilliant ideas like bands on plastic straws , which I don’t quite understand because I can still get straws everywhere

You get much yammering over LGBTQRST9 nonsense as well as boys going in girls bathrooms and vice a versa but nothing really happens there

You get very aggressive tax authorities to constantly raise taxes on everything

You get legal cannabis in stores where you can just go buy it

You get a giant bloated unions in bureaucracies where people get paid $100,000 a year to show up for meetings twice a year

But so far all say new Jack booted thugs knocking down my door and taking my children in the middle of the night!


13 posted on 01/09/2020 9:33:11 AM PST by Truthoverpower (The guv mint you get is the Trump winning express !)
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To: akalinin; ImJustAnotherOkie; MNJohnnie; beethovenfan; KC_Conspirator; gathersnomoss; Reeses; ...
Professional commie organizers are attempting to make this crap look like a 'youth movement'... and a groudswell of 'concern'... it's commie crap paid for by the usual suspects... People are HIRED to protest then the gullible fools in the press are told it's a real protest by young people. Instead these kids are working low paying cult like jobs... check out link - - this is how professional 'organizers' work. Here's how they recruit.

https://westernwire.net/as-divestment-movement-collapses-activists-shift-to-campaign-trail/

Sunrise itself has direct ties to the divestment movement. Prakash led her campus’s UMass Fossil Fuel Divestment campaign for two years and later worked for the Divestment Student Network (DSN) coordinating various divestment campaigns throughout the country. DSN is a project of the Alliance for Global Justice, which has received grants from 350.org and the George Soros-backed Open Society Foundations, and also has ties to Occupy Wall Street.

14 posted on 01/09/2020 9:36:59 AM PST by GOPJ (Iran's Mulllahs, thugs and terrorists want to thank MSNBC, CNN, and WP for standing with them...)
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To: Extremely Extreme Extremist

“Start cutting humorous ads showing people living like the folks in the 1800s if it weren’t for energy.”

Show a commercial pulling away from a photo of a wall thermometer inside a house at 40 degrees and a woman on a bed under 6 blankets and teeth chattering. Better yet show the pet dog shivering on the bed.


15 posted on 01/09/2020 9:45:05 AM PST by setter
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To: Oldeconomybuyer

You’ve heard of “yellow dog democrat?” Well, democrats are simply yellow dogs. They’ll vote for whomever hollyweird promotes.


16 posted on 01/09/2020 9:51:40 AM PST by LouAvul
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To: fruser1
“We can’t really say we’re not dependent on middle eastern oil until we can ensure eco nazis are no longer a threat to our independence at home.”

Exactly Right. IMHO the dimoKKKRATS are trying to protect their Arab buddies.

17 posted on 01/09/2020 9:51:57 AM PST by Parley Baer
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To: Extremely Extreme Extremist
Start cutting humorous ads showing people living like the folks in the 1800s if it weren’t for energy.

Here's a good start.

18 posted on 01/09/2020 9:58:58 AM PST by Go Gordon (I gave my dog Grady a last name - Trump - because he loves tweets.)
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To: akalinin

Democrats KNOW that the sun controls the climates of all its planets. Democrats KNOW that man cannot control the sun. Democrats KNOW that many of their voters are incapable of understanding any science. Democrats are lying about science in order to gain votes.


19 posted on 01/09/2020 10:02:57 AM PST by abclily
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To: GOPJ

I wouldn’t be surprised to find the the big whigs in all oil company HR teams support it in its entirety. HR is the modern day Nazi party.


20 posted on 01/09/2020 10:20:33 AM PST by ImJustAnotherOkie (All I know is The I read in the papers.)
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