Monday, February 27, 2012

Oil Execs say Obama Lead Us To "Energy Abyss"

via Sean Hannity Discussion by Penny in WV on 2/25/12

Apparently Industry leaders met in Houston to discuss Obama's restrictive energy policies. They claim gas prices will soon be excruciating. It appears his dream of high energy is coming true.

Quote:

Oil Execs Say Obama Lead Us To "Energy Abyss"
Investor's Business Daily ^ | February 23, 2012 | IBD staff

Energy: Industry leaders gathered in Houston say rising fuel output comes in spite of, not because of, the president's policies and the pain at the pump will soon be excruciating.

Energy executives and other industry players gathered for the North American Prospect Expo (NAPE) in Houston shredded administration assertions that it is opening up areas for oil and gas exploration and that its policies are responsible for increased oil and gas production on President Obama's watch.

"These have been the most difficult three years from a policy standpoint that I've ever seen in my career," Bruce Vincent, president of Houston oil and natural gas producer Swift Energy, told the Houston Chronicle.

"They've done nothing but restrict access and delay permitting," he added. "The Obama administration, unfortunately, has threatened this industry at every turn."


http://news.investors.com/article/60...a-policies.htm

Makes a good read, recommend reading the entire article, very interesting.

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