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US Oil and Gas: Obama vs. Romney

us-oil-gasThe 2012 presidential election is drawing near and many citizens remain undecided on whom to give their vote to. There are a handful of topics that may influence ones vote including health care, education, taxes and creating jobs. However, one topic remains ever popular and controversial: oil and gas. Both President Obama and Mitt Romney have their opinions of the matter, which are quite conflicting.

In March of 2010, President Obama revealed his plan to increase US oil production by expanding available sites for offshore drilling. These sites included the Gulf of Mexico, Alaska, and multiple areas along the Atlantic coast. Weeks later, the BP oil spill in the Gulf of Mexico forced Obama to reconsider opening so many coastal areas to offshore drilling and develop a “go slow” approach on deep-water drilling permits. However, during his State of the Union address earlier this year, President Obama announced his plan to begin opening more than 75 percent of the potential offshore drilling sites once again.

Republican candidate Mitt Romney has an opposing view regarding onshore and offshore drilling. He plans to eliminate the federal permitting barriers and give states the major authority over energy development. His plan would permit drilling wherever it could be done safely, which he claims would greatly boost the US oil and gas exploration.

In regards to the Keystone XL Pipeline, which would bring oil from Canada to Texas, Obama and Romney have differing views. On January 18, 2012, the Obama administration brought this plan to a screeching halt, claiming the congressional deadline made it impossible to properly assess the environmental concerns.

On the complete opposite end of the spectrum, Romney declared his plan to approve this pipeline on day one, stating, “Canada and Mexico have extraordinary resources of their own that can provide secure, reliable supplies for our economy.”

In his State of the Union address, President Obama encouraged the process of hydraulic fracturing and required all drilling companies to disclose the chemicals they use during the process. Along with creating over 600,000 jobs, the process of fracking will build upon the US supply of natural gas. “We have a supply of natural gas that can last America nearly 100 years, and my administration will take every possible action to safely develop this energy.”

While Romney also supports hydraulic fracturing, he believes the federal regulations are burdensome. His “Believe in America” plan proclaims, “While fracking requires regulation just like any other energy-extraction practice, the EPA in a Romney administration will not pursue overly aggressive interventions designed to discourage fracking altogether.”

With such opposing views, you may have already made up your mind about who you plan to vote for. The topics mentioned above are just a few of the issues you should consider when making your decision. Please be sure to take into account the candidates’ opinions on all issues regarding our country. Whether you are democrat or republican, for clean energy or against it, you are encouraged to visit your local polling place and cast your vote on November 6th.

For more information about oil, gas, and energy prices, click here. Energy Curtailment Specialists offers demand response programs to commercial and industrial companies who are looking to save money on their energy bills. Read more about this service and how it can help your business.

Sarah Battaglia
Energy Curtailment Specialists, Inc.

Sarah can be found on LinkedIn and Google+.

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