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All Of The Above Unless You Delay All Of The Above

- September 18, 2012

ON THE SAME DAY THAT OBAMA TOUTED NATURAL GAS AT A CAMPAIGN EVENT, OBAMA ISSUED A SECOND DELAY FOR LIQUEFIED NATURAL GAS PERMITS UNTIL AFTER THE ELECTION

Yesterday, Obama Touted The Country’s Vast Supply of Natural Gas. obama: “Let’s develop a hundred-year supply of natural gas that’s beneath our feet.” (President Barack Obama, Remarks At A Campaign Event, Columbus, OH, 9/17/12)

Obama “Once Again Put Off Release For A Report On Liquefied Natural Gas Exports, Further Delaying Decisions” And Creating Uncertainty For The Market And Businesses. “The Obama administration on Monday once again put off release of a report on liquefied natural gas exports, further delaying decisions on the potentially contentious issue of sending U.S. gas abroad. Commissioned by the Energy Department to examine the economic impact of LNG exports, the report by an unidentified third-party contractor is now expected to be completed by the end of the year. The delay means any decision on natural gas exports will likely be made by the victor in the November 6 presidential election - either President Barack Obama or his Republican challenger, Mitt Romney.” (Ayesha Rascoe, “Energy Department Delays Release of LNG Export Report,” Reuters, 9/17/12)

With This Second Delay, The Energy Department Will Go Back On Its Pledge To Release LNG Report This Summer, Which Further Delays The Permitting Process. “The department, which has said it will not make any decision on allowing further LNG exports until the analysis is completed, had previously pledged to release the report by late summer. ‘The Department of Energy takes its statutory responsibility to make public interest determinations on natural gas export applications very seriously and is committed to taking the time necessary to get the decisions right,’ the department said in a statement. It was the second delay of the report, which was initially expected in March.” (Ayesha Rascoe, “Energy Department Delays Release of LNG Export Report,” Reuters, 9/17/12)

Having Approved Only One Permit, Obama Is Putting All LNG Applications “On Hold.” “The department has approved exports from just one project so far, Cheniere Energy’s Sabine Pass terminal. After that approval, the Obama administration put LNG export applications from companies such as Dominion Resources and Sempra Energy on hold pending the outcome of the economic analysis.” (Ayesha Rascoe, “Energy Department Delays Release of LNG Export Report,” Reuters, 9/17/12)

Democrats And Republicans have Urged Obama to Support Natural Resources In His So-Called “All-Of-The-Above” Approach To Energy

Ten Democrats Decry President’s Inaction For Permitting On Liquefied Natural Gas Plant Construction. “A bipartisan group of lawmakers on Tuesday urged the Obama administration to green-light liquefied natural-gas facility construction across the country in order to turn the nation into a natural-gas exporter. The coalition of 10 Democrats and 34 Republicans from Arkansas, Louisiana, Oklahoma and Texas said the expansion of domestic shale gas production in other parts of the country has given the United States a need to find markets outside its own borders.” (Zack Colman, “lawmakers Urge Obama To Help Make Nation An Exporter Of Natural Gas,” The Hill’s E-2 Wire,” 8/7/12)

Lawmakers Urge Obama’s Energy Department To “Expedite Permits” For The Construction Of Liquefied Natural Gas Plants. “More than 232 trillion cubic feet of recoverable liquefied natural gas exists in Arkansas, Louisiana, Oklahoma and Texas, the lawmakers said, citing a 2011 Energy Department report. The lawmakers say the Energy Department should expedite permits for the construction of plants, which they say would lead industry to green-light infrastructure projects, creating jobs. They argue the expansion of natural-gas production and its export could also help reduce the nation's trade deficit. ” (Zack Colman, “Lawmakers Urge Obama To Help Make Nation An Exporter Of Natural Gas,” The Hill’s E-2 Wire,” 8/7/12)

Putting Politics First, Obama Has Slow-Walked Permitting Process For LNG Plant Construction

Obama Has Delayed Eight Applications For Liquefied Natural Gas Terminals. “The Obama administration, which must approve exports of liquefied natural gas, or LNG, to all but a handful of countries with free trade agreements, has approved one terminal for exports, Cheniere Energy’s Sabine Pass. It has delayed decisions on about eight applications for terminals from other companies, including Dominion Resources and Southern Co.” (Timothy Gardner, “Romney Campaign Hits Obama Admin’s Delay Of LNG Exports.” Reuters, 7/11/12)

Obama’s Energy Department Continues To Perpetuate Uncertainty By Punting Final Decision For Liquefied Natural Gas Terminals Until After The Election. “In March the Department of Energy delayed an LNG exports study on which it will base the terminal decisions until later this summer. A public comment period will follow the study, which means a decision runs the risk of being delayed until after the election.” (Timothy Gardner, “Romney Campaign Hits Obama Admin’s Delay Of LNG Exports.” Reuters, 7/11/12)

Ignoring Our Vast Resources, Obama Prefers To Import Energy

In March 2011, “Obama Said The United States Was Ready To Become A Major Purchaser Of Brazilian Oil And Natural Gas.” “In Brasilia Saturday, Obama said the United States was ready to become a major purchaser of Brazilian oil and natural gas, the White House said.” (“UPI News Track Top News, United Press International, 3/20/11)

  • Obama Said The U.S. “Could Not Be Happier” To Become One Of Brazil’s “Best Customers.” OBAMA: “The second place we want to partner with Brazil is on the issue of energy, which is why President Rousseff and I also agreed to launch a Strategic Energy Dialogue. By some estimates, the oil you recently discovered off the shores of Brazil could amount to twice the reserves we have in the United States. We want to work with you. We want to help with technology and support to develop these oil reserves safely, and when you’re ready to start selling, we want to be one of your best customers. At a time when we’ve been reminded how easily instability in other parts of the world can affect the price of oil, the United States could not be happier with the potential for a new, stable source of energy.” (President Barack Obama, Remarks at CEO Business Summit , Brasilia, Brazil, 3/19/11)

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