Bob McCarty Writes

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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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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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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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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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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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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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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