Tags: gas | production | us | obama

WSJ: Obama’s Regulations May Put Oil Production at Risk

Tuesday, 13 Nov 2012 10:22 AM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The International Energy Agency made big news Monday with a report predicting the United States will surpass Saudi Arabia as the world’s biggest oil producer in about five to eight years.

But that’s not a sure thing thanks to President Barack Obama, according to a Wall Street Journal editorial.

“The biggest potential threat may come from federal regulation in Mr. Obama's second term,” Journal editors write. “Though he tried to take credit for the fracking revolution in his second debate with Mitt Romney, his EPA [Environmental Protection Agency] has long wanted to supplant state regulators and will grab any opportunity to do so.” Fracking is a new way to produce oil and natural gas.

Hopefully the president’s worst instincts can be reined in by a united front of Democrats and Republicans, the editorial states.

“Perhaps the election of pro-fracking Democrats like soon-to-be Sen. Heidi Heitkamp of North Dakota (home to the monster Bakken Shale field) can give the new energy revolution some needed bipartisan buy-in.”

So far the U.S. oil and gas production boom have received little help from Obama and his predecessor George W. Bush, who have focused on renewable alternatives, Journal editors say.

Advocates of increased oil production will now have to beat back environmentalist opponents.

“The Sierra Club and other environmentalists are demonizing fracking the way they have coal, never mind that increased use of natural gas instead of coal is helping to reduce carbon emissions,” the editorial states.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Boston Bombing Nightmare Leads Survivor to Dream Startup

Monday, 21 Apr 2014 06:15 AM

Hours after the blast that ruptured an eardrum and left a 9-inch gash in one leg -- but spared her life -- Amanda North  . . .

Public Funding for U.S. Colleges Rebounds After Years of Decline

Monday, 21 Apr 2014 06:12 AM

Public funding for U.S. colleges increased for only the second time in five years last year, following declines that for . . .

Country Singer and Cancer Survivor Kevin Sharp Dies at 43

Sunday, 20 Apr 2014 22:51 PM

Kevin Sharp, who survived cancer as a teenager and went on to become a successful country music singer in the 1990s, die . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved