![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() by Daniel J. Graeber Cleveland (UPI) Jul 22, 2016
Though most would-be voters back a strong U.S. energy sector, a survey finds a hawkish oil and gas policy is backed more by those considered Republicans. A survey published by the American Petroleum Institute finds 86 percent of voters likely to side with the Republican Party support a presidential candidate backing increased oil and gas production, against 57 percent for those describing themselves as Democrats. In his prepared remarks, Republican presidential nominee Donald Trump said excessive industry regulations were dimming job prospects and costing the country as much as $2 trillion per year in lost revenue. "We are going to lift the restrictions on the production of American energy," he said in his prepared remarks Thursday night in Cleveland. "This will produce more than $20 trillion in job creating economic activity over the next four decades." A survey last week of the U.S. economy by the International Monetary Fund finds low crude oil prices are contributing to a contraction in energy sector investments, which may be in part behind some economic pressures on oil and gas states like Texas, North Dakota and Alaska. The IMF found, however, that disposable income was growing at a rate of 3 percent and the U.S. economy is in its seventh straight year of expansion. Jack Gerard, president of the API, said it's the U.S. energy sector that was protecting the economy from weakness elsewhere in the global market. "Increasing the production of our nation's oil and natural gas resources is vital to our nation's economic and national security and that of our allies," he said in a statement. On the environment, the API's survey found 94 percent of would-be voters who told pollsters they align with Democratic principles felt it was important for the United States to compete with other major economies when it comes to reducing greenhouse gases, against 65 percent of potential Republican voters. Democratic nominee Hillary Clinton has embraced a stronger low-carbon platform than her Republican counterpart, calling for tighter regulations on industries that use hydraulic fracturing. The Democratic nominating convention gets underway next week in Philadelphia.
Related Links All About Oil and Gas News at OilGasDaily.com
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |