Breitling Oil and Gas Morning Podcast #149 September 14th, 2012

In the party platform they unveiled last week, Democrats draw a distinction between “Big Oil” and “cheap, abundant natural gas” they tout as “helping to bring jobs and industry back to the United States.”

At the same time, the Democratic platform tones down its assessment of the severity of global warming and what the United States should be doing to arrest it — a big turnaround from four years ago, when the party warned that “the epochal, man-made threat to the planet” of climate change had to be halted.

The changes reflect two economic realities: The recent surge in domestic production of natural gas from dense rock formations across the country is bringing jobs to Ohio, Pennsylvania and other battleground states. At the same time, the ailing economy nationwide has made broad initiatives to combat global warming — including cap-and-trade programs that would put a price on carbon dioxide emissions–a tough sell in the nation’s capital.

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