oil companies

CEO Note: A Major Victory Against The Keystone Oil Pipeline

Posted Fri, Nov 11, 2011 by Andy Sharpless to keystone oil pipeline, obama administration, oil companies

It’s easy for conservationists to feel like David in the fight against the Goliath. And although the smaller contestant won that biblical battle, before he did, David must have had moments of doubt. But we got news this week that shows that smart conservationists can effect real change, even against powerful opponents.

On Thursday, the Obama Administration announced it will delay the infamous $7 billion Keystone XL pipeline project, which would have brought 900,000 barrels of tar sands oil from Canada to the Gulf of Mexico, crossing 1,700 miles of American heartland.

Many conservation organizations have worked to stop this disastrous project, which will now enter a long and thorough review process. I must especially congratulate the Sierra Club, 350.org, Tar Sands Action and the Natural Resources Defense Council, which took a leadership role and planned last weekend’s peaceful protest at the White House. This was a sterling example of grassroots organization nabbing an important victory. We must also thank President Obama for listening and making the right choice.

Oceana got some good news from the federal government this week, too, when the administration announced its latest five-year offshore drilling plan. The U.S. Atlantic and Pacific coasts, as well as the eastern Gulf of Mexico, will continue to be protected from drilling.

But we still have a fight ahead. The five-year plan still leaves the U.S. Arctic and the rest of the Gulf of Mexico open to drilling, barely more than a year after the Deepwater Horizon disaster.

Oceana continues to fight dangerous drilling, as well as the misinformation like the notion that the United States can drill its way to $2 a gallon gas. American oil is sold to us at the world price, which is set through the balancing of global supply and demand. Domestic resources of oil are too small to play a significant role in world pricing.

Your help sustains us in the effort to win sensible, fact-based policies that protect the oceans. Thank you again.


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CEO Note: No More Handouts For Oil Companies

Posted Wed, Nov 9, 2011 by Andy Sharpless to big oil, congress, gas prices, offshore drilling, oil companies, politics, subsidies, tax brakes

Andy Sharpless is the CEO at Oceana.

What will lower your gas prices at the pump?

If you were to listen to national politicians and the marketing of the oil and gas industry, they would tell you that increased domestic drilling will lower your gas prices – and that tax breaks for oil companies will help get us there.

But this simply isn’t true, and it’s been proven time and time again. Oil is a global commodity hunted and extracted by multinational corporations who will sell the oil to the highest bidder, not simply to the citizens of the country where the oil was found. What’s more, the U.S. is a relatively oil-poor country – estimated to have 2 percent of world oil reserves – so even extracting all its oil resources will affect pump prices only by pennies, and will take a decade to be realized.

The oil industry is currently enjoying $4 billion a year in tax breaks from the U.S. government. Surging profits this year for the industry – up 74 percent to more than $100 billion – show that it could easily pay its fair share of taxes. Even if we weren’t currently having a national conversation about balancing the federal budget, this policy is not sensible.

So it was with pleasure last week that I stood outside the U.S. Capitol along with five U.S. senators, six representatives and the Sierra Club to speak out against tax subsidies for oil companies.

By ending billions in tax breaks for oil companies, the U.S. government will protect American taxpayers as well as our beaches, paving the way for a clean energy future.

We'll continue to fight for this crucial change. Your support makes it possible.


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