As his re-election bid nears, President
Obama is pitching a made-in-America energy agenda that calls for more
offshore oil drilling, natural gas development and clean-energy investments.
But he's not winning kudos from either the oil industry or
environmental groups.
"There's nothing new here," says Rayola Dougher of the
American Petroleum Institute, an industry group, referring to Obama's State of
the Union address Tuesday. She said the "more than 75% of potential offshore oil
and gas resources" that Obama said he would open are already being
developed.
"This is just a smoke screen," she said, arguing he's
trying to sound in favor of oil exploration while seeking to raise taxes on the
oil industry. Dougher says the industry doesn't get subsidies, but Obama said
the U.S. has "subsidized oil
companies for a century" and called for ending such "taxpayer giveaways to an
industry that's rarely been more profitable."
USA Today
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