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A Senate committee last week passed legislation that would attempt to allow lawsuits in U.S. courts against any foreign state or cooperative for limiting the production of oil or natural gas. The bill, nicknamed “NOPEC,” targets the Organization of the Petroleum Exporting Countries (OPEC). It’s ironic that the “NOPEC” bill tries to ban the very thing that U.S. energy policy does on a daily basis – limiting production of oil and natural gas supplies.

Testing U.S. competitiveness

Posted: April 11, 2011 by Ken Cohen

Advanced Placement exams will take place next month in schools around the country. If you’re wondering why this event is on the radar for an oil and gas company, you could say we’re heavily invested in the outcome. Students who pass an AP exam are three times more likely to graduate from college. That means that if we can get more students to take and pass AP exams – especially in math and science – U.S. companies including ExxonMobil will have a greater pool of talent from which to recruit.

“Stable and steady and reliable” – that’s what the president called Canadian oil yesterday when he called for the U.S. to take greater advantage of energy supplies from our neighbor to the north. But as I said earlier today in response to this speech – it’s time to turn words into action.

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.