Search This Blog

De Omnibus Dubitandum - Lux Veritas

Friday, November 9, 2012

Natural Gas That Backed Romney May Gain From Obama Win

Mark Drajem and Bradley Olson, Bloomberg

Natural gas producers such as Exxon Mobil Corp. spent millions of dollars this year trying to defeat Democrats, such as President Barack Obama. His re-election may end up being a boon for them.  While Obama will continue with a series of environmental regulations that would curb the production and use of coal, his policies promise to boost demand for natural gas in vehicles and power plants and facilitate domestic oil and gas output to levels not seen in more than two decades.  “Facts are stubborn things and they often defy people’s ideology,” John Hanger, a special counsel at Eckert Seamans Cherin & Mellott, LLC in Harrisburg, Pennsylvania, and the former top environmental regulator in that state, said in an interview. Obama’s “policies on the demand side are most favorable.”  To Read More….

My Take –  I don’t know who these guys are, but they must be living inside a light bulb…you know….a vacuum.  If these companies benefit from this it won’t be because of an Obama victory, it will be because Congress finds a way to stop Obama’s regulatory Myrmidons.  And if anyone has any doubts that this is true, please check out this attempt to grab more power for the EPA by a former EPA director who is known socialist and environmental activist. 

Updated November 8, 2012, 12:45 PM
Energy and climate change, two issues that deeply divide the country, stand out as major pieces of unfinished business for the Obama administration.   Sadly, it is not clear how many disasters it will take and how many billions we will have to spend before we take the potential consequences of climate change seriously. But as the president has said, even for those who don’t believe climate change is real, the benefits of clean energy -- cleaner air, energy independence, American jobs and enhanced global competitiveness -- are just too important to ignore. …. Right now states are responsible for overseeing fracking. That means there could be 20 to 30 different state regulations imposed on fracking businesses. Why not develop one set of national requirements based on the best available science and technology and leave the oversight and enforcement up to the states? Pollution doesn’t recognize state boundaries -- a weak requirement in one state could have an impact on drinking water in another. This model has been the basis of the federal-state partnership that has had great success in protecting public health and the environment and has enjoyed Congressional support in the past.

No comments:

Post a Comment