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
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Feds Censure Local Police as Pentagon Hands Out Lethal Weapons

Sunday, 21 Sep 2014 07:55 AM

A Pentagon program that distributes military surplus gear to local law enforcement allows even departments that the Just . . .

Huge Northern California Wildfire Keeps Growing

Sunday, 21 Sep 2014 07:15 AM

As an expanding wildfire in Northern California kept nearly 3,000 people from their homes, teams sought to find out how  . . .

Purdue Professor: Ebola 'Unlikely to Spread Here' in US

Friday, 19 Sep 2014 20:25 PM

The Ebola virus is unlikely to cause a deadly epidemic in the United States, according to David Sanders, an associate pr . . .

Most Commented

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