Rick Perry Proposes Energy Plan to Create 1.2M Jobs
Email
ABC News’ Sarah Kunin, Arlette Saenz and Huma Khan report:
In his first major policy address since entering the presidential race, Texas Gov. Rick Perry laid out a sweeping energy plan today that will expand oil and gas exploration. The GOP presidential candidate said it would spur an economic boom that he estimates will create 1.2 million U.S. jobs.
“America should not be, and when I’m president of the United States, will not be held hostage,” Perry said. “America has proven but untapped supplies of natural gas, oil and coal. America is the Saudi Arabia of coal with 25 percent of the world’s supply.”
Blasting President Obama’s “activist regulations,” and the “one size fits all mentality,” Perry said his plan would give more authority to states and level the playing field among energy producers by eventually phasing out tax credits. He also argued that it would expand domestic jobs.
“My plan is based on this simple premise: Make what Americans buy. Buy what Americans make. And sell it to the world,” Perry said at the U.S. Steel Mon Valley Works Plant in West Mifflin, Pa. “We are standing atop the next American economic boom, energy. The quickest way to give our economy a shot in the arm is to deploy American ingenuity to tap American energy. But we can only do that if environmental bureaucrats are told to stand down.”
Perry, who took a short tour of the plant before his speech, spoke to a crowd of about 100 plant employees wearing hard hats and orange vests.
The “Energizing American Jobs & Security” plan is the first phase of Perry’s economic policy rollout, which he hopes will reinvigorate his stumbling campaign. Perry will unveil phase two of the plan, which will focus on taxes and federal spending, later this month.
In a phone interview with USA Today, Perry explained that energy initiatives are capable of creating new, high-paying jobs while also aiming to “reduce our dependence on energy from nations that are all too often hostile to the United States.”
Perry’s energy plan would expand energy exploration and production on federal lands in areas such as Alaska and the Mountain West, along with permitting more offshore drilling in the Gulf and Atlantic. It would continue to uphold the ban on drilling in the Florida Everglades, which not only faces ecological problems but also resides in a key primary state. Perry would also approve the use of new pipelines, such as the Keystone XL Pipeline from Canada to Texas, to facilitate new energy fields.
The plan would strip EPA mandates and regulations that impair the energy sector, limit the ability of environmental activists to use the courts to interfere in the movement of key energy projects, and phase out subsidies and tax incentives that directly benefit specific kinds of energy production, he said. This in turn would give states the ability to determine alternative energy development in which they would like to invest.
Throughout the week leading up to the speech, Perry openly criticized the president’s approach to energy production, specifically focusing on the limitations placed on job creators by the Environmental Protection Agency, a message he carried in today’s speech.
“While President Obama has been very public about his newest jobs proposal behind the scenes, the permanent bureaucracy is working to grind the economy to a halt in pursuit of activist regulations,” Perry said. “A raft of new rules and foot-dragging by the EPA and Interior Department are killing job creation.
“The choice this election is between two very different visions for our country. When it comes to energy, the president would kill domestic jobs through aggressive regulations while I would unleash 1.2 million American jobs through safe and aggressive energy exploration at home,” Perry said.
Offshore drilling has come under increased scrutiny and been the subject of much political debate since the BP Deepwater Horizon oil spill early last year. But despite concerns raised by the spill, 69 percent of Americans favored increased offshore drilling in a CNN poll last spring. But 77 percent in the same poll said oil companies are making “too much profit,” and 61 percent said they deserved “a great deal” of the blame for rising gas prices.
Prior to the official release of his plan, Perry conducted a media blitz — the first of his presidential campaign — to explain the basic components of his plan. Perry appeared on CNBC Thursday evening and provided a peek at the potential he believes the energy sector holds for U.S. jobs.
“We’re sitting on a treasure trove of energy in this country,” Perry said on CNBC. “There’s 300 years worth of reserves underneath the land of America and that’s how we’re going to get America working again.”
ABC News’ Gary Langer contributed to this report.
Best Commencement Speeches of 2012 
Joe Biden Recalls Death of Wife, Daughter
There ya go, let’s distroy our environment to make a buck. Now that’s a plan. Anybody wonder why the Koch brothers are backing this guy? This is it. He’s not real smart and will make a great puppet, just like Bush.
Posted by: dan | October 14, 2011, 6:30 am 6:30 am
People that want to lift environmental regulations for short term gains are short-sighted. Humanity is going to need this planet for a while. A policy of rape and burn might make our lives easier in the short term but eventually someone will have he’ll to pay.
Posted by: Plantain_11 | October 14, 2011, 6:31 am 6:31 am
In Texas, you’re born with an oily spoon in your mouth. If not born there, they hand you one when you move into the state. Herbert Hoover promised “A chicken in every pot” in the 1928 election cycle. Perry’s slogan is “An oil rig in every yard”.
Posted by: Bob | October 14, 2011, 6:52 am 6:52 am
Perry had not every mentioned Renewable Energy sources. He just focus on Fossil Fuels. No matter what people say, we just do not have the amount of oil and resoources to lower the price of gas and other energy needs. It’s a waste of time and money, which will go only in the Big Oil pockets.
Posted by: GWP | October 14, 2011, 7:08 am 7:08 am
What Rick Perry has forgotten IS THAT our constitutuion REQUIRES a separation of Church and State – and this man came out touting religion. I DO NOT want my MORALS to be legislated by some nut job – who proscribes to such a church that defiles OTHER world religions which have existed LONG before we were even a blip on the screen. I find this condesending, rude, and arrogant. NO ONE wants to have religion forced down their throat – the next thing would be a total world conflaguration OVER religion – if the shoe fits wear it Perry – the other 75% of US will choose our own religion in PRIVATE – thank you very much.
Posted by: karen | October 14, 2011, 7:16 am 7:16 am
Please let him talk, that clown will destroy himself.
Posted by: BENNIE | October 14, 2011, 7:47 am 7:47 am
Now I’m convinced that Rick Perry is the reason that the wind blows so hard while traveling through Texas.
Posted by: howdymo1 | October 14, 2011, 7:56 am 7:56 am
This joker is the reason the wind blows so hard while traveling through Texas.
Posted by: howdymo1 | October 14, 2011, 7:59 am 7:59 am
Nothing wrong with the continued use of fossil fuels as most of our daily lives depend on it. But do remember it is a finite resource with a limited supply. It will only get more expensive and become less available. We need a comprehensive energy policy – there is no doubt. But we need to focus on supplementing our available resources, that is, supplement our supply of fossil fuels, not replace them. We have the means and abilities to continue our R&D of alternative sources, in time they will only get better. Why do we want to continue the use of an energy source that is well over century old and is in limited supply? Do we not innovate anymore? Does this country not lead anymore? Are we not willing to take the risks that made America great in the first place? Perry’s desire to expand the fossil fuels is only a money making scheme for oil companies and himself. Why not develop a plan that will benefit everybody (or most everybody)? Notice how Perry will not drill in the everglades – a key constituent state. A double standard here? Perry is mouthing off to get votes, nothing more. A short-sighted, self-serving politician who is pandering to short-sighted people who continue to look to the past as opposed to helping shape the future.
Posted by: raggmopp | October 14, 2011, 8:01 am 8:01 am
And yes, I agree. We could be standing on top of the next American economic boom. But oil was an economic boom that happened many, many years ago. Plus, everybody uses oil, nothing unique in that. You want a true American economic boom? Develop something that the world doesn’t have yet, like stable, reliable, clean, renewable sources of energy. There is no economic boom if you have to destroy the environment with old technology – we have been drilling for oil for over 100 years! Where is the innovation in that? Develop something the world doesn’t have but desperately needs. If you prefer to lay back on your laurels (fossil fuels) then expect America to continue it’s decline as this becomes an indication that Americans are no longer the innovative risk takers that made America great. It is also an indication of the dumbing down of America – if we do not continue to innovate we will fall behind. Our education system is already falling behind and Perry’s commitment to education is only going to make it worse – check out the TX education system under Perry’s administration. If you want a dumbed down population, refuses to innovate and continues to look to past glory, then vote for Perry. America needs to realize that our past glory is just that, the past. We need to make our glory for the future and this does not happen with the continued use of old technology, fossil fuels and minimal education.
Posted by: raggmopp | October 14, 2011, 8:22 am 8:22 am
…but it would continue to uphold the ban on drilling in the Florida Everglades, which not only faces ecological problems but also resides in a key primary state.
THAT’S the Perry we all know and love: “Drill here, drill now, except in a state that I need to vote for me so I can win their primary – for them, it’s HANDS OFF!”
Posted by: Searambler | October 14, 2011, 8:22 am 8:22 am
In the end, this will not create jobs, it will only make more money for the Oil companies and his Texas friends, and we will get nothing, just another con game in disguise.
Posted by: gman | October 14, 2011, 8:22 am 8:22 am
Promises are to politicians what brown paper bags are to winos. Something to hide the real content. When Perry waives Florida, he is admitting that there are good reasons for EPA regulation and that neither businesses nor the statehouse in Florida can be trusted to do the right thing without those regulations. Florida’s “hanging chad” has become Perry’s torn brown paper bag.
Posted by: Leery | October 14, 2011, 8:31 am 8:31 am
Funny, the Republicans are always (well at least always since a Democrat became president) talking about lowering the debt so we leave something for the grandkids, but that something doesn’t seem to include a livable planet. Perhaps that’s why Bush decided we needed to put humans on Mars.
Posted by: 40acres | October 14, 2011, 8:35 am 8:35 am
And is Mr. Perry planning on nationalizing the oil industry? Because without a state-run oil industry, he has absolutely no control over WHERE the oil goes once it is refined. Right now, it goes on the world market. Is Mr. Perry planning to FORCE the oil companies to sell their refined products that are drilled here ONLY in the USA? Or does he simply plan on taking over the oil industry itself? And if he DOES plan on trying to keep “our oil” here, what do you think the rest of the world will do……..?
Posted by: Searambler | October 14, 2011, 8:45 am 8:45 am
And is Mr. Perry planning on nationalizing the oil industry? Because without a state-run oil industry, he has absolutely no control over WHERE the oil goes once it is refined. Right now, it goes on the world market. Is Mr. Perry planning to FORCE the oil companies to sell their refined products that are drilled here ONLY in the USA? Or does he simply plan on taking over the oil industry itself? And if he DOES plan on trying to keep “our oil” here, what do you think the rest of the world will do…….?
Posted by: Searambler | October 14, 2011, 8:46 am 8:46 am
Hey Rick – Ever tour Mt top removal sites?
How about we allow something similar to happen to your hunting camp down there in TX. Would you like that?
Sure – lets get rid of regulation and oversight – expose our Long-term environment to the needs of short-term energy production.
Posted by: Mars Tom | October 14, 2011, 9:02 am 9:02 am
Searambler is correct. Any oil that we drill domestically goes on the world market where we are in competition to purchase the same commodity that the rest of the world wants. Plus the more we supply to the world market then the less the Saudi’s will supply – the Saudi’s want to maintain their profit margin and maximize profits, just like any other business. Net gain = 0. And don’t forget, there is not enough oil in the USA to be self-sufficient. Another reason to supplement the supply of fossil fuels with alternative sources. If we did that then MAYBE there is enough domestic oil to satisfy us Americans.
Posted by: raggmopp | October 14, 2011, 9:06 am 9:06 am
Searambler – BINGO!! Of course, I am sure that Perry, like his Texas Governor predecessor has not thought that far into it. He porbably thinks it DOES stay here, and we only import what we need in addition to that.
Posted by: pksk531 | October 14, 2011, 9:22 am 9:22 am
This plan is so typically Republican. Short sighted, poorly thought out, providing no immediate benefits, and detrimental to the environment. Oh, but the OIL companies would make out like bandits…………..
Posted by: Searambler | October 14, 2011, 9:34 am 9:34 am
The quickest way to create jobs is to stop the out-sourcing. Penalize companies for doing so. There are 14 million Americans out of work. How many jobs have we exported. Dah, its not rocket science. I see no single bill in Congress that addresses this, it is a reflection of the power corporation hold over us.
Posted by: tmferretti | October 14, 2011, 9:47 am 9:47 am
How many jobs have we exported. Dah, its not rocket science. I see no single bill in Congress that addresses this…..Posted by: tmferretti | October 14, 2011, 9:47 am.
Yesterday, the Republican-led House spend the day debating yet another anti-women anti-abortion bill. During the discussion period, every single Democrat that got up to the podium completely eviscerated the Republicans for concentrating on this ‘culture war’ issue instead of focusing on job creation policy. It was a sight to behold. Republicans don’t want the unemployment numbers to go down. So instead they spent the day discussing the 6th anti-women anti-abortion bill presented in the last 10 months……………
Posted by: Searambler | October 14, 2011, 9:53 am 9:53 am
How many jobs have we exported. Dah, its not rocket science. I see no single bill in Congress that addresses this…..Posted by: tmferretti | October 14, 2011, 9:47 am.
Yesterday, the Republican-led House spend the day debating yet another anti-women anti-abortion bill. During the discussion period, every single Democrat that got up to the podium completely eviscerated the Republicans for concentrating on this ‘culture war’ issue instead of focusing on job creation policy. It was a sight to behold. Republicans don’t want the unemployment numbers to go down. So instead they spent the day discussing the 6th anti-women anti-abortion bill presented in the last 10 months………….
Posted by: Searambler | October 14, 2011, 9:54 am 9:54 am
Perry’s energy plan will expand energy exploration and production on federal lands in areas such as Alaska and the Mountain West, along with permitting more offshore drilling in the Gulf and Atlantic…………..this is all the Perry big Oil company friends wants, they want to drill for more profit, once they get what they want jobs will be no where found.
Posted by: gman | October 14, 2011, 9:57 am 9:57 am
as a 30+years oilfield professional, I don’t believe my industry shares the same view as Perry. HSE regulations are important to my industry. We respect Mother Earth as much as everyone if not more. What my industry needed is to get the politicians out.
many posters broadbushed oil companies as bandits. The truth is far from that. The speculation of the oil jacked up the gasoline prices, if you are mad at the OIL companies, you should direct your energy to the speculators of the Wall street.
Posted by: todaypost | October 14, 2011, 9:59 am 9:59 am
There’s an idea. Let’s destroy the natural lands that belong to all of us, pollute the environment to make us sick, and accelerate global warming that will cause untold personal and economic catastrophes as a way to line the pockets of the already rich and powerful. That would be great for our country, not to mention being morally pure. NOT!
Posted by: Renoguy | October 14, 2011, 11:57 am 11:57 am
SEARAMBLER
I know its amazing, its like the republicans have been struck by a virus specific to them that makes them deaf. Americans are screaming for jobs and they filddle while Rome burns.
Perry has come up with a jobs plan that is fine for Texas and Alaska. He is going to western PA to pitch it, to the steelworkers and coal miners, what a joke , there is very little oil in western PA and West Virginia.
Posted by: tmferretti | October 14, 2011, 11:58 am 11:58 am
I dont think that is going to create 1.2M jobs. Might kill 1.2M people though. They will be choking on the blacksmoke Rick Perry is advocating.
Posted by: rippedpockets | October 14, 2011, 12:17 pm 12:17 pm
It’s always heartwarming to see TBaggers promoting Big Bad Government’s spending of bilions to prop up Big Oil, while refusing to do anything to aid regular folks. By the way, Rick, Sarah, and all of your “Drill Baby Drill” constituents: you can build pipelines that crisscross all 50 states, but there’s no new oil to be found to run through them.
Posted by: James Jones | October 14, 2011, 12:38 pm 12:38 pm
Rick Perry needs to read the “peak oil primer” (Google that). He and Cain, etc. are ignoring the math of hypothetical reserves vs. net-energy and pragmatic flow rates. Republicans think it’s still the year 1800 and that frontiers are endless. Many of them literally think it’s all Heaven-sent. They ignore actual science, i.e. geology, just as they do climatology.
America’s crude oil production peaked at 10 million barrels per day in 1970, and is now down to 5.5 million barrels per day. But we burn about 20 million barrels per day. That shortfall can’t be made up with shale oil, tar sands, coastal drilling or Alaskan drilling. Alaska itself peaked in the late 1980′s. The easy oil was found long ago and was exploited before anyone really cared about protecting nature, so the argument that environmental regulations are holding back production is bogus, even if one is a soulless destroyer of the land.
P.S. There is also great hypocrisy in calling wind turbines “green” – with their stark impact on natural landscapes. There are no easy answers, but people definitely need to conserve and have fewer babies. The general level of demand has been too high for too long. Supply-side energy schemes are a desperate solution based on the same old greed.
Posted by: Jim C. | October 14, 2011, 1:02 pm 1:02 pm
You guys talk about Perry but you never mention Obama blowing all that money on a failed solar plant even after being told it was a bad investment. I guess it is easy to spend and risk other peoples money on a product that is not ready to be used at this time. Invest in research, maybe 20 years something will break through. Obama must not have learned much at Harvard but how to spend tax payer money and make speeches.
Posted by: specialty57 | October 14, 2011, 1:15 pm 1:15 pm
The plan looks awesome to me!
Wow can you imagine a million people back to work!
Posted by: joe | October 14, 2011, 1:45 pm 1:45 pm
If President Obama wanted to create jobs he would “borrow” Rick Perry’s plan and make it his own! Instead he wants to borrow and spend money at the clip of $250k/job for jobs which go away!
Posted by: Common _ Sense | October 14, 2011, 1:46 pm 1:46 pm
Yea who needs clean water..Sorry, but Drill Baby Drill is not a energy policy, it is just dumb. I guess people forgot the BP spill, and the Exxon Valdez. I think I would rather not trust BP in its energy goals, since they seem to not care what they are dumping into Lake Michigan. You want to see what drill baby drill looks like, just visit Nigeria delta, or the fields of Iraq. Now there is a place you want to sit down for a picnic or take your son out to go hunting. I personally would rather take my son to fly fish in clear blue stream, than one bubbling with crude.
Posted by: MiketheElectrician | October 14, 2011, 1:47 pm 1:47 pm
To : TMFERRETTI
If you have to, you move where the job is. But there are other places where there is oil natural gas besides Texas and AK
Bob, besides the actual drilling there are many support jobs such as equipment and supplies that would provide jobs. Hey, its a start.
Posted by: bob | October 14, 2011, 1:48 pm 1:48 pm
if you have to, you move where the job is @ TMFERRETTI
But there are more states besides TX and AK with oil and natural gas.
PLUS the benefits of supplies : equipment/construction management, catering, production etc – it is a start.
Posted by: bob | October 14, 2011, 1:50 pm 1:50 pm
If you have to, you move to where the job is @ TMFERRETTI
But there will be more justs as support is needed for management, catering, production, construction, finance, etc ect
Its a win, and a START.
Posted by: SUE | October 14, 2011, 1:52 pm 1:52 pm
Its a good solid plan.
Fox has the plan up on their web site.
Better than what we have now—
Posted by: JC | October 14, 2011, 1:54 pm 1:54 pm
a million people back to work in the short order sounds like a pretty good recipe for success, and it doesnt hinge on taxes.
Thank you for a decent idea for a man who has actually been running a state for a decade.
Posted by: smb | October 14, 2011, 1:57 pm 1:57 pm
I am willing to give the Gov a chance, if he will drink some coffee before the next debate.
Posted by: mark | October 14, 2011, 1:58 pm 1:58 pm
Rick Perry is a pretty govenor. I live in TX, and would give him a good solid B.
Do I agree with him on everything no. Would I agree with his policies if he were in the white house ?Probably not all.
WOULD be better than Obama—–ABSOLUTELY 1000%
He is more conservative than Romney? YES in my view.
…and he has more experience than Mr. Cain
Posted by: alicia | October 14, 2011, 2:01 pm 2:01 pm
Im an out of work oil guy.
I could use a job.
I live in LA. Thank you for the good ideas. This will take months of implementation due to the oversights the Obama admn has placed on drilling but it can be done, and I believe many, many many people would be back to work. It is a huge industry.
Posted by: Mikey | October 14, 2011, 2:04 pm 2:04 pm
I like the plan, I like the Gov of my state of TX.
He is a good man.
To the man that posted as Forest Gump—Bush has been out of office for almost 4 years. Its time to move on, dude.
Posted by: shelby | October 14, 2011, 2:46 pm 2:46 pm
NICE START GOVENOR Perry.
Now Pleasae prepare for the next debate, and get Sarah Palin to endorse you. She has about 3 million supporters that would be helpful to your campaign. They are worker bees. If they believe in you, they will be helpful and friendly.
Posted by: bobbie | October 14, 2011, 2:48 pm 2:48 pm
Caine,Gingrich, Romney, Bachman, , all have some get elected
21st Century contract or 999 plan for America’s economic growth which only pans out to be more bureaucratic mumbo-jumbo,with higher taxes. Four year Governor ~ Rick Perry ~ of Texas has the best economic plan and best proven method in the United States, it’s called ~ Drill ~ America ~ Drill ~ Capitalism, and he wants to use it for all of America in the 21st century.
Posted by: Michael001 | October 14, 2011, 9:10 pm 9:10 pm
Caine,Gingrich, Romney, Bachman, all have some get elected
21st Century contract or 999 plan for America’s economic growth which only pans out to be more bureaucratic mumbo-jumbo with higher taxes. Four year Governor ~ Rick Perry ~ of Texas has the best economic plan and best proven method in the United States, it’s called ~ Drill ~ America ~ Drill Capitalism, and he wants to use it for all of America in the 21st century.
Posted by: michael001 | October 14, 2011, 9:16 pm 9:16 pm
I can say one thing for Rick-he’s consistent and he’s so predictably Texas Republican. His jobs plan: enrich the oil producers (his buddies), pollute the environment, and just drop taxes (for the rich) and regulations entirely in the name of “job creation”. Were you around during the 1990′s Gov? Your friend Dubya bankrupted the country, put in place the “regulations” that led to the screwing of America, and lowered the taxes on corporations and the privileged few. They all did very well. The rest of us are paying the tab. Thanks Rick. Texas needs you. Do us all a favor and stay put in the Lone Star State.
Posted by: SarahKnows | October 14, 2011, 11:45 pm 11:45 pm
small businesses make up a large part of the US economy. Restaurants, tire shops, mechanics, pet shops..etc HOWEVER when they get regulated out of existence (due to high taxes, insurance, phony workman’s comp claims that drive UP premiums, Obamacare..etc) then all we have left are the EVIL Corporate Giants like Walmart and Costco and Target! They can AFFORD it and they get massive tax breaks to do so! They have MOST of thier stuff Made in China! So what happens to the rest of us? You Democrats claim the Republicans care about the BIG OIL and BIG corporate entities but it is the SMALL BUSINESSES that are dying and when they go, it’s over. And it is your PARTY that is regulating them out of existence!!
Posted by: PatrickLA | October 15, 2011, 11:45 am 11:45 am
Perry is only looking to line his own pockets for himself and for his state~ Texas~ at the cost of destroying Alaska! Further more he has failed to comprehend that the jobs that are need in the USA are construction and factory jobs! How does destroying Alaska wilderness create jobs in factories in states like Ohio and Missouri? It doesn’t!!! It only lines the pockets of the wealthy oil and gas companies who donate to his campaign! Perry claims that the casings for the drill will come from steel factories in America but HE can’t control where the oil companies buy their steel. And we all know they will import it from China, not buy in the USA. This man has NOT done his homework and he’s in the pockets of the oil industries! I would NEVER vote for him and I’m a conservative!
Posted by: Ozymandias46 | October 15, 2011, 12:31 pm 12:31 pm
I’m a staff sergeant in the army and perry has the best plan for jobds and energy I have heard from any one. Also he would cut the department of defence, I don’t know about you but I like my paycheck. He is right we don’t need to depend upon any for oil or energy when we have our own stuff. And what has obama done for our country besides run it into the ground and sell parts off to china? Atlease perry will stand up to other countrys and not say sorry. You have support gov perrym from one military man to the other god bless and thank youm
Posted by: timothy | October 15, 2011, 12:42 pm 12:42 pm
All you perry haters out there need to get a grip. I’ve worked in a plant and all the epa does is ask for stacks of paper and make it hard to do anything. They dont do what you think at all. Right now they just are a political tool for the admin to hack away at any businesses they want. sorry but that is the reality of it. It might be politically correct to say no drilling in the US because its not clean. but we are buying it from somewhere and burning it anyway. We can use our own oil and (Clean Natural GAS) and maybe get to where we are energy independent. Right now only the wealthiest people can afford a Tesla electric sports car but maybe if we all had high paying jobs we could have more people driving newer energy efficient cars. Cmon folks keep the money here and use it to make here a better place to live. vote perry cause romney is just like obama who just isnt gettin the job done
Posted by: needajob | October 17, 2011, 12:58 am 12:58 am
they stop pumping when the price goes to low. there are thousands of sites approved for exploration and exploitation. “opening up” these areas that perry and bachmann and palin talk about is absolutely meaningless. the oil companies would be there already if they wanted to be there; and they would have been there a long time ago.
the thing is to keep them pumping and refining even when the price goes below where a specific margin can be made. when it’s that low, it’s cheaper to buy abroad.
it’s not open/closed/epa regulations that make us oil dependent. it’s the big oil/rebublican business model!
Posted by: ajax lister | October 17, 2011, 9:44 pm 9:44 pm