Ag News
Obama on Oil Change
Fri, 04 Jun 2010 6:00:52 CDTSpeaking in Pittsburgh this
week - President Obama tried to channel public outrage about the Gulf of Mexico
oil spill into support for a climate change bill. The President argued the case
for breaking the nation‘s addiction to fossil fuels has been made clearer by the
environmental catastrophe in the Gulf. Obama said he will make the case for a
clean-energy future wherever he can - and will work with anyone from either
party to get this done.
style="FONT-FAMILY: arial; FONT-SIZE: 10pt">Still - energy experts warn that
climate legislation would have little impact on the need to search for oil in
the Gulf of Mexico. Offshore oil provides a growing portion of U.S. oil
production and deep-water wells account for a rising share of the offshore
output. The gulf provides about 40-percent of U.S. oil
production.
style="FONT-FAMILY: arial; FONT-SIZE: 10pt">Supporters of climate-change
legislation on Capitol Hill cheered Obama‘s remarks. Senator John Kerry said it
was exactly what was needed with Congress coming back into session next week.
But Senate Republicans immediately challenged Obama‘s call to action - saying he
is using the gulf disaster to promote legislation that would undermine the
nation‘s economy. The chairman of the Republican Study Committee Representative
Tom Price said the Obama administration is once again using a crisis to push its
job-killing agenda.
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