Politically, the president can’t straddle the fence. But he is able to show support for increased natural gas usage because it has wide appeal and because it would displace coal consumption. And while most environmentalists would rather see the emphasis on renewable fuels, they will nonetheless work to enact more safeguards with respect to the drilling process.
Why Do Oil and Gas Producers Disapprove of Obama? - energybiz
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Politically, the president can’t straddle the fence. But he is able to show support for increased natural gas usage because it has wide appeal and because it would displace coal consumption. And while most environmentalists would rather see the emphasis on renewable fuels, they will nonetheless work to enact more safeguards with respect to the drilling process. “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,” Obama intoned. “Experts believe this will support more than 600,000 jobs by the end of the decade. And I’m requiring all companies that drill for gas on public lands to disclose the chemicals they use” that are blamed by some for polluting drinking water supplies.for more information about Allstate insurance products News / Reviews
The president goes on to point out that he is opening up more offshore areas to drilling -- a move that he had committed to make before the BP oil disaster in the Gulf of Mexico. Now that the administration has reviewed that situation and implemented new safety measures, he said that exploration can go on.Why Do Oil and Gas Producers Disapprove of Obama? - energybiz
