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GasBuddy News Article

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Harsher energy regulations coming in Obama's second term

Reuters -- (Reuters) - Energy companies likely will see more regulation during President Barack Obama's second term, with less access to federal lands and water even as the administration promotes energy independence.
With a pledge to cut oil imports by half by 2020, Obama advocated during the campaign for what he called an "all of the above" approach to developing a range of domestic energy sources. He said, however, that he would roll back subsidies for oil companies and reduce the nation's reliance on oil by mandating production of more fuel-efficient vehicles.
"You are going to have less access to federal lands and tougher government agencies," said Dan Pickering, chief investment officer at TPH Asset Management in Houston.
Obama's energy strategy over the last four years has shifted away from fo


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Submitted Nov 07, 2012 By: mastermariner
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REPLIES (newest first) Post a Reply
52MPG
Champion Author Dayton

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Message Posted: Nov 9, 2012 1:30:43 AM

No surprise.
bston
Champion Author Oklahoma City

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Message Posted: Nov 8, 2012 11:39:20 PM

We may not like the outcome!
LetemEatCake
Champion Author Oklahoma City

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Message Posted: Nov 8, 2012 10:00:51 PM


Good! Time to move forward.
MAJB
Veteran Author Indianapolis

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Message Posted: Nov 8, 2012 5:51:09 PM

And we will pay a huge price!

[Edited by: MAJB at 11/8/2012 6:51:37 PM EST]
TruthMatters
Champion Author New Jersey

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Message Posted: Nov 8, 2012 10:42:11 AM

For someone who hasn't done much (except sneaking by Obamacare under our noses) during his first term, don't count on it. More smooches with those b-word on the View maybe, but not much else.
LanguageMan1
Champion Author Tampa

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Message Posted: Nov 8, 2012 6:13:11 AM

I'd imagine so.
SUNOIL
Champion Author Toledo

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Message Posted: Nov 8, 2012 6:04:25 AM

Careful what you ask for, cause we have to pay for it
danny999
Champion Author Florida

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Message Posted: Nov 8, 2012 5:05:05 AM

Obummer wil ruin this country.
agr964
All-Star Author Fresno

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Message Posted: Nov 8, 2012 1:06:29 AM

Total garbage. Obama's war on the economy continues. Yet somehow there are people out there that think he is helping.
bston
Champion Author Oklahoma City

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Message Posted: Nov 7, 2012 11:19:53 PM

What did they expect?
bston
Champion Author Oklahoma City

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Message Posted: Nov 7, 2012 11:18:19 PM

What did they expect?
ExplorerWA
Champion Author Washington

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Message Posted: Nov 7, 2012 10:33:09 PM

Higher fuel prices are coming.
JCS319
Champion Author Tacoma

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Message Posted: Nov 7, 2012 10:22:20 PM

Sure - right. Keep on drinking the kool-aid.
SparkieMi
Champion Author Kalamazoo

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Message Posted: Nov 7, 2012 9:41:12 PM

TIME WILL TELL!!!!!
hank1326
Champion Author Los Angeles

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Message Posted: Nov 7, 2012 9:27:16 PM

Let's see if the President is going to lead or to control for this second term.
southrob
Champion Author Tucson

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Message Posted: Nov 7, 2012 9:20:35 PM

gas goin up!!!
kcboy
Champion Author Utah

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Message Posted: Nov 7, 2012 9:18:57 PM

ok
texashoudini
Champion Author Austin

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Message Posted: Nov 7, 2012 9:16:12 PM

Energy stocked dropped today, as well as about everything else.
PDQBlues
Champion Author San Diego

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Message Posted: Nov 7, 2012 9:12:41 PM


As much as the American people, to protect their life and health, requires reasonable regulations on these massive oil corporations, I doubt that anything will be done with the legislation being split.
Ahking
Champion Author Orange County

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Message Posted: Nov 7, 2012 8:54:29 PM

It takes a long time to build an infrastructure. The long we linger in the old, the longer it takes to get to the new.
TomT2Lee
Champion Author Cincinnati

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Message Posted: Nov 7, 2012 8:10:37 PM

Isn't it grand how governmental powers grow at exponential rates?
CVA19
Champion Author Salem

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Message Posted: Nov 7, 2012 8:07:07 PM

And so it continues. There is no longer an electoral tether on Obama.
schvanda63
Champion Author Lansing

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Message Posted: Nov 7, 2012 8:01:12 PM

Dust off your bicycles and walking shoes. You wanted him again, you got him.
FortVancouver01
Champion Author Washington

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Message Posted: Nov 7, 2012 7:50:35 PM


More political hype, even after the election.

I agree, the subsidies need to be rolled back...

SammyAdams
Champion Author Tallahassee

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Message Posted: Nov 7, 2012 7:40:03 PM

To: Kowkisser Re: Message Posted: Nov 7, 2012 7:21:26 PM (Printed below)

"I thought Conservatives would be ecstatic that he wants to cut gov't subsidies to business. I guess they like gov't subsidizing the oil industry.

Hypocrites."

===========================================================

Below, (FYI) Kowkisser, is a definition of "subsidy".

sub·si·dy [suhb-si-dee] Show IPA
noun, plural sub·si·dies.
1. a direct pecuniary aid furnished by a government to a private industrial undertaking, a charity organization, or the like.
2. a sum paid, often in accordance with a treaty, by one government to another to secure some service in return.
3. a grant or contribution of money.
4. money formerly granted by the English Parliament to the crown for special needs.

True conservatives ARE opposed to granting sudsidies to any business. An example of a government subsidy would be when the FED LOANS money to a company where it never intends to get it back (Like Solyndra). Subsidies involve "theft", because a government does not have any money of its own without first taking it from one party and then giving it to another.

You might call it a redistribution of wealth (socialism); something akin to "legalized plunder". Another example of a subsidy would be when a government gives money to those who purchase an EV. This is like welfare for the rich, since poor families cannot afford such extravagance.

On the other hand, a "tax deduction" is when a government allows a company which invests money in a business venture and who LOSES this investment (such as an oil company which comes up with a "dry" well) to recapture this money in the form of a deduction from their tax liability to said government. This is to encourage such expenditures of money which is given to ALL mining operations (not just oil companies) in order to create jobs, make the cost of energy more affordable, etc.

So you see, Kowkisser, Conservatives DO, in fact, dislike "subsidies" but LIBERALS (who rail against oil companies for taking legitimate tax deductions and term them as "subsidies") actually PROMOTE the government's giving of subsidies (especially to themselves).

Hypocrites.
Eugenian
Champion Author Oregon

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Message Posted: Nov 7, 2012 6:46:05 PM

Good!
VomVom
Champion Author Calgary

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Message Posted: Nov 7, 2012 6:33:08 PM

He was re-elected democratically by Americans. He can most definitely introduce harsher regulations. Just pray that he does not flush another $90 billion down the toilet on his dogmatic renewable energy program giving loan guarantees to companies like Solyndra and Solar 1.
ToolinIt
Champion Author Colorado

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Message Posted: Nov 7, 2012 6:25:21 PM

@Buckytjones - Very well stated!
Kowkisser
Champion Author Albany

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Message Posted: Nov 7, 2012 6:21:26 PM

I thought Conservatives would be ecstatic that he wants to cut gov't subsidies to business. I guess they like gov't subsidizing the oil industry.

Hypocrites.
milespergallon
Champion Author Illinois

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Message Posted: Nov 7, 2012 6:11:17 PM

Translation = get ready to take it in the shorts
listerone
Champion Author Boston

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Message Posted: Nov 7, 2012 6:06:24 PM

Great news.In the interest of "climate change" I'm willing to commute by pogo stick.
BuckyTJones
Champion Author Salt Lake City

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Message Posted: Nov 7, 2012 5:58:39 PM


"The danger to America is not Barack Obama but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America . Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools such as those who made him their president."
jimedB
Champion Author Riverside

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Message Posted: Nov 7, 2012 5:41:39 PM

What are we supposed to believe? When Bush was President they said it would take 10+ years to get new oil into production but now it will happen in the next four years?
pliskin
Champion Author Syracuse

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Message Posted: Nov 7, 2012 5:37:10 PM

The headline says it all, that could almost be a direct quote from Pres. Obama's recent speeches this past Summer!
mazdaboy
Champion Author Portland

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Message Posted: Nov 7, 2012 5:35:06 PM

Bring on Natural Gas.
playtimeCLE
Champion Author Cleveland

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Message Posted: Nov 7, 2012 5:35:04 PM

I can not believe this guy got reelected...
I bet some of you can not believe I just said that... lol...

[Edited by: playtimeCLE at 11/7/2012 6:36:06 PM EST]
wz
Champion Author Twin Cities

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Message Posted: Nov 7, 2012 5:34:39 PM

Obama's attack on fossil fuels will be stepped up, now that he doesn't have another election to plan for.
humancry
Champion Author Michigan

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Message Posted: Nov 7, 2012 5:31:54 PM

we will see
WIWalt
Champion Author Wisconsin

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Message Posted: Nov 7, 2012 5:30:06 PM

No moe Bush blameing Everything that happens from now on is on Obama,not Bush anymore.
humblepie
Champion Author Toledo

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Message Posted: Nov 7, 2012 5:29:51 PM

and we are ALL gonna pay a lil more.................
SUNOIL
Champion Author Toledo

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Message Posted: Nov 7, 2012 5:29:50 PM

Keep moving Forward.
Pramodsharma
Champion Author Richmond

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Message Posted: Nov 7, 2012 5:29:33 PM

Casino owners should be taxed 90%, because they have not raw material cost, They milk rich like milking bulls and snatch from others. No mercy.
The_DR
Champion Author New Jersey

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Message Posted: Nov 7, 2012 5:28:58 PM

ok
Panama Red
Champion Author San Diego

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Message Posted: Nov 7, 2012 5:22:49 PM

4 more years; yuk!!
Harry813
Champion Author Iowa

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Message Posted: Nov 7, 2012 5:20:32 PM

I knew that was coming....
brutherruther
Veteran Author Fort Worth

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Message Posted: Nov 7, 2012 5:17:38 PM

Ok
RAE344
Champion Author Virginia Beach

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Message Posted: Nov 7, 2012 5:17:30 PM

A campaign promise that I think he will keep.
Mr.Dirt
Champion Author Albany

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Message Posted: Nov 7, 2012 5:17:15 PM

lets see what happens first
pmanning7843
Champion Author Georgia

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Message Posted: Nov 7, 2012 5:15:21 PM

same old
N5EXY
Champion Author Austin

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Message Posted: Nov 7, 2012 5:11:09 PM

Insanity!
Voltus
Champion Author Miami

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Message Posted: Nov 7, 2012 5:09:35 PM

Here we go again...
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