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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This morning, I came across a Facebook event, titled “GAS STRIKE,” that nearly a half-million people have signed up to “attend” today.  Sadly, their effort — which involves boycotting gas stations for one day — is a misguided effort driven more by emotion and ignorance than common sense. Oil companies produce the oil and make [...]

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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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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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Oil and natural gas industry officials called for an early return to deepwater drilling in the Gulf of Mexico during testimony delivered in New Orleans today at the first meeting of the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling. Andy Radford, senior policy advisor for the American Petroleum Institute, told [...]

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