Energy industry to take on anti energy left in 'non partisan' approach to 2016
Fuel Fix:
The oil industry’s leading trade group on Tuesday kicked off its 2016 political campaigning, with plans to air issue advertising and hold events in battleground states.I understand why API would not want to alienate all Democrats. They have to find a way to work with them. But Big Green and the anti energy left are virtually all liberal Democrats. They are the ones who have been exporting energy jobs to hostile countries and attempting to drive up the cost of energy in this country to make their inefficient alternatives look more competitive. They are the ones who are backing irrational polices prohibiting exports and in the case of New York prohibiting fracking. Persuading voters in blue states of the folly of anti energy policies will be a hard slog.
The American Petroleum Institute launched its “Vote 4 Energy” with a pledge to stay above the partisan fray while ensuring that energy policy is part of the political discussion leading up to the November 2016 elections.
The group released a Wood Mackenzie study that it said illustrated the stark choice facing voters, by modeling how two different regulatory approaches to oil and gas would affect domestic production of those fossil fuels and economic activity related to them.
Under a relatively hands-off scenario with “pro-development” policies, the United States would gain 2.3 million U.S. jobs and $443 billion in economic activity by 2035, according to the API-commissioned analysis. Oil and natural gas production, meanwhile, would jump by 8 million barrels of oil equivalent per day, the study predicted.
A scenario heavy with regulatory constraints, including looming ozone standards, newly imposed rules for hydraulic fracturing on federal lands and proposed requirements meant to boost the safety of offshore wells, generates a different outcome, with Wood Mackenzie predicting a loss of 830,000 jobs and $133 billion in gross domestic product.
The pro-development scenario wraps in policies that have long been on the oil and gas industry’s wish list, with some requiring radical changes in the nation’s capital and statehouses nationwide. It includes oil and gas development in the Atlantic and Pacific oceans as well as the Eastern Gulf of Mexico, where a statute bars the activity until 2022. A repeal of crude export restrictions and the ban on hydraulic fracturing in New York state also are folded into the pro-development model.
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