US Chamber Proposes Energy Reforms to Reflect New Energy Revolution
The policy landscape has changed for the worse since 2008, and has become as inhospitable as it has been in a very long time, Harbert noted. These changes for the worse include:
- Pending U.S. Environmental Protection Agency regulations designed to strangle the coal industry
- A U.S. Department of Interior leasing plan that bars approximately 80 percent of federal land from oil and gas exploration and production
- The threat of hydraulic fracturing being subjected to federal regulation
- An increasingly broken and lengthy siting and permitting process
- Assaults on free energy trade; a moribund nuclear waste disposal policy
- Difficulty getting ahead on emerging issues such as cybersecurity threats to energy infrastructure
“The United States has a greater variety and quantity of energy resources than any other country in the world,” Harbert noted. “When coupled with new exploration and production and end-use technologies, there is no reason we cannot usher in a new and long-lasting era of energy abundance and enjoy its economic benefits.”
The Institute for 21st Century Energy aims to unify policymakers, regulators, business leaders, and the U.S. public behind a “common sense energy strategy to help keep America secure, prosperous and clean.”
Last year, the institute reported that the United States experienced a reduction in its energy security risk in 2012 thanks to growing U.S. oil and gas production and continued environmental improvements.
Earlier this month, U.S. Chamber of Commerce President and CEO Tom Donohue urged the U.S. government to lift its ban on crude oil exports, the National Journal reported Jan. 8.
123
View Full Article
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Blockchain Demands Attention in Oil and Gas
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- CNPC Opens Sea-Land Oil Storage and Transport Facility in Bangladesh
- Oman Sees Increasing Ship-to-Ship Transfers of Russian Oil Bound for India
- US Govt Makes Record Investment of $6B for Industrial Decarbonization
- Perenco Still Searching for Missing Person After Platform Incident
- Eni, Fincantieri, RINA Ink Deal on Maritime Decarbonization
- Oil Falls as US Inventories Increase
- Czech Utility CEZ Bucks Weaker Prices, Demand to Log Record Annual Profit
- Ithaca Energy Studies Deal for Eni's UK Upstream Assets
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- UK Grid Operator Receives Aid to Advance Rural Decarbonization
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call