Sunday, February 28, 2010

Obama and Energy

As a professional in the domestic oil & gas industry, I am frustrated at the lack of cooperation by local, state, and federal governments with my industry. There is absolutely no doubt in my mind that if the government controlled lands were opened up to oil exploration 10's of thousands of high paying jobs would be directly created in a year and after that more than 100,000 indirect jobs would be created. Governments would rake in large amounts of money in lease bonuses and fee and then after production starts they would enjoy a rich revenue stream. To jump start this effort, Obama should put a tarrif on imported oil and gas. This would give our home grown industry an advantage over the foreign national companies such as Shell, BP, ENI, StatOil, CNOC, and etc. The tariff would provide another rich revenue stream. It is time that the government began to look after the interests of business rather than trying to kill the golden goose