Oil and Gas Today with Chris Faulkner Podcast #431

The President just delivered his 5th State of the Union address and oil and gas was a hot topic again.  The president spoke again about the need for more jobs yet his administration continues to block expanded domestic offshore energy production on the 85% of the US Outer Continental Shelf that remains off-limits for political reasons, even though developing those areas would usher in an economic renaissance, generating tens of thousands of new jobs and billions of dollars in new revenue to federal and state governments.

I personally think it’s inconsistent for Obama to promise he would help states cut red tape so more manufacturing plants can be built while committing himself to prevent more energy development on public lands.

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