>Oil Institute CEO: Obama Energy Policies Wrong
Sunday, 12 Jun 2011 12:56 PM
By Jim Meyers and Ashley Martella
American Petroleum Institute CEO Jack Gerard tells Newsmax that easing the Obama administration’s restrictions on drilling for oil and gas could create more than half a million new America jobs.
He also states that a long-delayed pipeline from Canada can help the United States and its northern neighbor provide 92 percent of America’s domestic fuel needs within two decades.
But Gerard warns that the Obama administration’s “fundamentally wrong” energy policies are having a “very significant adverse impact on our energy policy” and charges that attacks on the oil industry by Democrats are “punitive” and “vindictive.”