Tuesday, March 01, 2011
Obama administration 'hostile to oil states,' Alaska Gov. Parnell says
With the unrest in the Middle East as his springboard, Gov. Sean Parnell lashed out at the Obama administration's stance on domestic oil production, saying the White House approach was having a tangible effect on the country's foreign policy. In a speech at the National Press Club, the Republican governor called the federal government "openly hostile" to oil-producing states, particularly for the delays in allowing Shell to drill exploratory wells on leases off Alaska's northern coast that the company purchased in 2008. "If it looks like a moratorium and walks like a moratorium ... maybe it is," said Parnell, who is in Washington this weekend for the National Governor's Association winter meeting. Parnell said there's a direct link between the economic recovery and the failure to use Alaska's oil reserves as a national security buffer against the uncertainty in Libya and other oil-producing countries in the Middle East. Higher gasoline prices could harm any economic recovery, Parnell said...more
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3 comments:
Oil and gas are imported mostly in Middle East countries. They are the main place which supplies almost 90% of oil and gas in the world. If the production of this products will be interrupt by technical or any problems, the main effect of these is the coming out of oil price hike due to lack of supply of oil and gas. The consumers are the one who will suffer most if it will happen.
Oil is the most important substance that the people are needed. There are so many issues regarding this thing. Hope that the the Obama administration will provide a better result regarding this.
Oil pricing is always been the issue in the economic crises. Countries will be probably be having a problem if there will be always an increase in oil.
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