Thursday, April 7, 2011

What is wrong with the Federal Regulation of Oil and Gas

In the wake of the BP oil spill, Michael Bromwich was appointed to head up the agency that oversees leasing and permitting of federal waters. Under his leadership very little leasing and permitting has occurred, in spite of pronouncements to the contrary. Additional, costly rules and regulations have also been implemented. The net result is increased imports of Oil and increased cost of gasoline and other petroleum products. Not a very optimistic start. A little research into the credentials of Mr. Bromwich leads me to believe the HE is the problem. Bromwich is a lawyer  with experience in forensic investigation of large Governmental organizations. His record on this score is good. He has not, however, been a CEO or President of a company and therefore is inexperienced at leadership and business in general. He has no training or experience in the Oil and Gas industry and is thus totally out of his element. In other words, he is a typical political appointee, well connected and clueless. The sad story of Obama miss management of the O&G Industry is documented on:
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