AFPM President Chet Thompson responds to President Obama's rejection of the Keystone XL Pipeline
WASHINGTON, Nov. 6, 2015 (GLOBE NEWSWIRE) -- "We are disappointed that President Obama, in a purely political move to improve his standing with environmental special-interest groups ahead of the Paris climate discussion, decided to reject a project that would provide the U.S. with a stable energy source from a trusted partner for years to come. The president's rejection of Keystone XL comes despite strong Congressional and public support for the project, and the State Department's long-standing recognition that the pipeline would have no impact on the environment.
"President Obama's attack on oil and natural gas was misguided since they in fact make modern life possible, improving the lives of billions of people around the world. In this country, emissions continue to decrease dramatically due in large part to more energy-efficient technology developed by the oil and natural gas industries."
Total oil and natural gas production per day has rolled over and started to decline in Texas, according to data recently released by the Texas Railroad Commission. Total oil production for August 2016 was 84.8 MMbls, a six percent decrease from July production at 90 MMbls and an 18% decrease from August 2015 levels of 103.9 MMbls. Gas followed a[Read More…]
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