President Obama’s crush on oil and gas was short lived.
On January 24, he angered his green base when, in his State of the Union address (SOTU), he stated that he is directing his “administration to open more than 75 percent of our potential offshore oil and gas resources.” He also called for “every possible action” to develop “a supply of natural gas that can last America nearly one hundred years.”
Greenpeace’s reaction: “President Obama announced a potential environmental nightmare when he called tonight for more than 75% of offshore oil and gas resources to be exploited.” Time’s Ecocentric blog chastised him for barely mentioning even the words “climate change.” Others felt that his “cheerleading” for greater shale gas drilling risked the enthusiastic support of environmentalists and accused him of selling out the environment for re-election. Over all, the SOTU “left many eco friendly people more than a little unhappy.”
Not to worry. His infatuation with fossil fuels was merely a short-lived crush.
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Wednesday April 23rd, 2014 | John Ransom
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Tuesday April 22nd, 2014 | John Ransom