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.
Every few years, it seems one politician or another tries to deflect attention from the importance of opening up access to new U.S. resources by incorrectly accusing the oil and gas industry of withholding commercial production in existing leases. We’ve just seen this tactic used again. Yesterday, Senators Bill Nelson and Robert Menendez introduced what they’re calling the “use it or lose it” bill in the Senate.