The president gave a speech on energy yesterday at Georgetown University, and like any political speech, there are some parts you agree with and some parts you don’t. Here’s one part of the president’s speech we can agree with: “Producing more oil in America can help lower oil prices, create jobs and enhance our energy security.” The question now is whether the president will back up his speech with action.
The Department of Interior’s so-called “use it or lose it” report was delivered to the White House yesterday. Rather than being an unbiased analysis of the status of oil and natural gas leases in the United States, the report sadly perpetuates the misguided charge that the oil and gas industry is not developing its existing leases.
Occasionally, I like to use this space to not only discuss energy policy, but also to cover other important areas relevant to our nation’s future. One of the most important is education. And on that score, I’d like to highlight the 200 U.S. elementary teachers who have just been selected to attend the 2011 National Mickelson ExxonMobil Teachers Academy.
There’s an interesting story in yesterday’s New York Times about the growing potential for natural gas as a source of power generation, in light of the recent nuclear power incident in Japan. In the coming weeks and months, the discussion will continue – here in the U.S. and in countries around the world – about the decisions and investments that have to be made to meet future needs for reliable, affordable, and safe energy.