January 2011 Vol. 238 No. 1

From the Burner Tip

Are Political Games Destroying Domestic Oil & Gas Industry?

Changes announced on Dec. 1 of the administration’s new ruling banning offshore drilling along the East Coast and eastern sector of the Gulf of Mexico for five to seven years only further amplify industry’s questions of what the administration really wants with domestic oil and gas exploration and production companies. The continued changes to the offshore “drill – no drill” and potential changes in onshore production only further the uncertainty of U.S. oil and gas production and the desire to get closer to energy independence. Uncertainty is the most toxic element to capital-intensive industries like oil and gas companies. For the millions and bil

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