'This industry can help lay the bridge to a more secure energy future'

US Sen. Mary L. Landrieu (D-La.), addressing US Interior Secretary Ken Salazar in her testimony at the US Department of the Interior's Apr. 8 hearing in New Orleans about a draft proposed five-year Outer Continental Shelf leasing plan:

"First, let me begin by saying that I and many people here share your vision for energy security for our country. We would like to reach for energy independence, but we are certain we can achieve energy security.

"That begins, in our view, by supporting the domestic oil and gas industry. This industry has changed and developed rapidly and significantly, in terms of becoming more environmentally sensitive.

"I was in Rep. Charles Boustany and Rep. Charlie Melancon's districts yesterday in South Louisiana touring some of our front-line oil and gas independent companies to relate to you that it looks more like the space industry than the old-fashioned rigs and derricks. The breadth and depth of this technology that allows to us find these resources 10,000 feet below sea level, and to find it safely and securely, to deliver to American homes and businesses is truly breathtaking.

"I come today to urge you to look very hard at the proposed tax increases that would diminish the muscle and power of this industry that has served this country so well for so long. It helped to win the Second World War. We helped to fuel the Industrial Revolution. This oil and gas industry, with the right environmental safeguards and regulations, can help lay the bridge to a more secure energy future.

"One of the things I wanted to stress this morning, and it is very important for our delegations to continue to say this, is that there are large differences between large, integrated oil and gas corporations and the thousands of small, independent exploration production companies.

"Exxon, Chevron, Shell and other large corporations that we're familiar with raise their capital through public offerings, spreading risks among many shareholders. But our thousands of independent companies that are in all of our districts through Texas, Mississippi, Alabama and Louisiana invest large sums of personal money, taking on personal risk. As a result, it is clear that a corporation's capacity to acquire large amounts of capital is much greater, and the personal risks are lower than for our independents.

"In addition, small independent companies employ a tremendous number of people. Independents produce 82 percent of domestic gas and 68 percent of U.S. oil. They virtually reinvest 100 percent of their money right here in America. So as we search for security and independence, and President [Barack H.] Obama looks to create jobs in America, let's start with supporting our nation's oil and gas industry."

Contact Nick Snow at nicks@pennwell.com

Related Articles

Chevron, ONGC Videsh among firms awarded permits by New Zealand

12/22/2014 New Zealand's government has awarded six onshore permits across the Taranaki, West Coast, and East Coast basins, and nine offshore permits across t...

Canada Briefs

12/12/2014

Chevron, ONGC among companies awarded 15 exploration permits by New Zealand

12/09/2014 New Zealand’s government has awarded six onshore permits across the Taranaki, West Coast, and East Coast basins, and nine offshore permits across t...

CSB releases final report on Chevron Richmond refinery fire

11/17/2014 The US Chemical Safety Board (CSB) has issued the final regulatory report on its investigation of the August 2012 pipe rupture and ensuing fire at ...

Hess to develop deepwater gulf oil field

10/29/2014 Production is to begin in 2018 from deepwater Stampede oil field in the Gulf of Mexico under a development plan approved by operator Hess Corp. and...

NGSA forecasts lower winter gas prices on a combined analysis

10/13/2014 In its 14th annual Winter Outlook assessment of the natural gas market, the Natural Gas Supply Association (NGSA) expects downward price pressure o...

Chevron Canada to sell 30% in Duvernay shale to Kufpec Canada for $1.5 billion

10/06/2014 Chevron Corp. said its Chevron Canada Ltd. unit plans to sell a 30% interest in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Co....

Bahamas: Gravity data suggest existence of Triassic-Jurassic syn-rift

10/06/2014 Recent analyses of gravity, magnetic, and seismic data in the southeastern region of the Bahamas provide clear evidence for the presence of a salt ...

EnLink Midstream to purchase Gulf Coast gas pipeline systems

09/29/2014 A subsidiary of EnLink Midstream Partners LP and EnLink Midstream LLC has agreed to acquire Gulf Coast natural gas pipeline assets, including the B...

White Papers

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...

Accurate Thermo-Fluid Simulation in Real Time Environments

The crux of any task undertaken in System Level Thermo-Fluid Analysis is striking a balance between ti...

6 ways for Energy, Chemical and Oil and Gas Companies to Avert the Impending Workforce Crisis

As many as half of the skilled workers in energy, chemical and oil & gas industries are quickly he...
Sponsored by

AVEVA NET Accesses and Manages the Digital Asset

Global demand for new process plants, power plants and infrastructure is increasing steadily with the ...
Sponsored by

AVEVA’s Approach for the Digital Asset

To meet the requirements for leaner project execution and more efficient operations while transferring...
Sponsored by

Diversification - the technology aspects

In tough times, businesses seek to diversify into adjacent markets or to apply their skills and resour...
Sponsored by

Engineering & Design for Lean Construction

Modern marketing rhetoric claims that, in order to cut out expensive costs and reduce risks during the...
Sponsored by

Object Lessons - Why control of engineering design at the object level is essential for efficient project execution

Whatever the task, there is usually only one way to do it right and many more to do it wrong. In the c...
Sponsored by

Available Webcasts



The Future of US Refining

When Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

register:WEBCAST


Oil & Gas Journal’s Forecast & Review/Worldwide Pipeline Construction 2015

When Fri, Jan 30, 2015

The  Forecast & Review/Worldwide Pipeline Construction 2015 Webcast will address Oil & Gas Journal’s outlooks for the oil market and pipeline construction in a year of turbulence. Based on two annual special reports, the webcast will be presented by OGJ Editor Bob Tippee and OGJ Managing Editor-Technology Chris Smith.
The Forecast & Review portion of the webcast will identify forces underlying the collapse in crude oil prices and assess prospects for changes essential to recovery—all in the context of geopolitical pressures buffeting the market.

register:WEBCAST



On Demand

Optimizing your asset management practices to mitigate the effects of a down market

Thu, Dec 11, 2014

The oil and gas market is in constant flux, and as the price of BOE (Barrel of Oil Equivalent) goes down it is increasingly important to optimize your asset management strategy to stay afloat.  Attend this webinar to learn how developing a solid asset management plan can help your company mitigate costs in any market.

register:WEBCAST


Parylene Conformal Coatings for the Oil & Gas Industry

Thu, Nov 20, 2014

In this concise 30-minute webinar, participants have an opportunity to learn more about how Parylene coatings are applied, their features, and the value they add to devices and components.

register:WEBCAST


Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected