Bob McCarty Writes

Humor, Politics, Culture & Capitalism @BobMcCarty

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Obama Administration Whitewashing Government Inaction Regarding Oil and Natural Gas Leases

March 30th, 2011 · 2 Comments

In advance of President Barack Obama’s energy speech at Georgetown University, a top oil and natural gas industry leader called on the Obama Administration to abandon its policies “to defer, delay and deny access to domestic resources of oil and natural gas.” In a statement to reporters during a media conference call this morning, American [...]

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Future of Drilling in Gulf of Mexico in Jeopardy

January 25th, 2011 · 2 Comments

Long-term Gulf of Mexico deepwater development could be seriously jeopardized if permitting timelines are extended, according to a new analysis by Wood Mackenzie.  The study projects nearly one-third of U.S. deepwater production could be rendered uneconomic, which could significantly impact deepwater production, resulting in less energy production, less investment and less revenue to government. “The [...]

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Obama Administration Snubs Jobs, Energy Security With De Facto Offshore Drilling Moratorium

December 2nd, 2010 · 6 Comments

Despite published reports that an offshore drilling moratorium would cost the United States 175,000 jobs per year through 2035 and despite the fact that 61 percent of voters favor offshore drilling, the Obama Administration decided yesterday to go the other way. Citing the Deepwater Horizon oil spill as a chief reason, Interior Secretary Ken Salazar [...]

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Industry Applauds Senate for Dropping Spill Bill

August 3rd, 2010 · No Comments

Senate leaders took the right step to shelve a flawed spill bill, and we look forward to working with lawmakers to improve the bill so that American taxpayers, domestic jobs, the economy and our economic security are protected, according to a statement by American Petroleum Institute President and CEO Jack Gerard: “The decision today by [...]

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SHOCK! Offshore Drilling Moratorium Would Cost United States 175,000 Jobs Per Year Through 2035

July 27th, 2010 · 4 Comments

During a 45-minute conference call with journalists this morning, Jack Gerard shared some startling predictions about the future health of the nation’s oil and natural gas industry if the Obama Administration gets its way in adding more regulation and increasing taxes on offshore drilling in the Gulf of Mexico.  The biggest one of all is [...]

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Offshore Drilling Moratorium No Longer Necessary

July 21st, 2010 · No Comments

Another reason why we don’t need a moratorium on offshore drilling:  nobody else is going to be taking risks during the next six months like BP did three months prior to the April 20 Deepwater Horizon explosion in the Gulf of Mexico that left 11 dead and created one of the worst ecological disasters in [...]

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Already Battered by Drilling Moratorium, Industry Targeted by Tax-Hungry Members of Congress

July 15th, 2010 · No Comments

First, Interior Secretary Ken Salazar issued a new drilling moratorium.  Now, some in Congress want to increase federal revenue by repealing or modifying several long-standing, legitimate tax policies affecting the U.S. oil and natural gas industry.  The world is upside down, the people in the oil and natural gas industry are rightfully upset, and you [...]

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