Press Releases

Press Release: Irresponsible Speculation Threatens Thousands of Gulf Jobs

Oil Spill Commission final report verifies BP made missteps, but threatens whole industry

Washington, D.C. – The President’s National Oil Spill Commission released its final report today into the causes of the BP Deepwater Horizon oil spill in the Gulf. The report cites reckless behavior in the design, operation, and management of the well as the causes leading up to the spill, and goes on to speculate that these problems could be industry wide. Commenting on these developments, Thomas Pyle, President of the American Energy Alliance, made the following statement:

All the evidence in the report points to a complete and total failure by the legally responsible leaseholder, BP, to operate within industry best practices. Attempts to paint this as an industry problem reflect the biases of the activist-filled commission, and not the reality of drilling operations in the Gulf,” said Pyle.

The broad and unsubstantiated accusation on the entire oil and gas industry is irresponsible when one considers that literally thousands of jobs are on the line in the Gulf, should the bureaucratic hold on offshore drilling continue,” said Pyle. “Punishing the beleaguered region with more federal roadblocks only compounds the damage already done to the Gulf economy.”

For more information, please email media@saveusenergyjobs.org.

Founded in May, 2008, The American Energy Alliance (“AEA”) is a not-for-profit organization that engages in grassroots public policy advocacy and debate concerning energy and environmental policies.  AEA is the advocacy arm of the Institute for Energy Research (IER), a not-for-profit organization – founded in 1989 – that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets.

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Press Release: Obama Fails to Recast G20, Asia Trip as Jobs Mission

Obama Fails to Recast G20, Asia Trip as Jobs Mission

Washington, D.C. – In response to President Obama’s performance at the G20 summit and his trip to Asia falling short of the White House’s goal to “open new markets for America’s products in this fast-growing part of the world,” American Energy Alliance President Thomas Pyle released the following statement:

If Obama truly believes that ‘the future we’re fighting for isn’t as the world’s largest importer, consuming products made elsewhere, but as the world’s largest manufacturer of ideas and good sold around the world,’ he has a funny way of showing it in areas that he actually can control. By advocating for selective elimination of the job-creating tax credit ‘Section 199,’ the President would hinder rather than help growth of U.S. manufacturing.

Many of the so-called ‘subsidies’ being targeted by the Obama administration are actually production and income credits available to all businesses, not just oil and gas, and intended to incentive economic growth and job creation. What the White House described in its G20 press release last week as a ‘gradual multilateral removal of existing fossil fuel subsidies’ would actually amount to a steady stifling of our natural resources and our global innovativeness.

Converse to rhetoric from Democratic leadership, existing tax incentives such as Section 199 help invite investment in U.S. firms and incentive the innovation necessary to achieve the breakthroughs which now offer Americans many of the safest, affordable, and most efficient energy sources available. Stripping these credits for just one industry would provide de facto subsidies to our foreign competitors like Iran, China and Brazil.

If the President is serious about bolstering American industries and the jobs they support, he must readjust his anti-energy agenda.”

For more information, please email media@saveusenergyjobs.org.

Founded in May, 2008, The American Energy Alliance (“AEA”) is a not-for-profit organization that engages in grassroots public policy advocacy and debate concerning energy and environmental policies.  AEA is the advocacy arm of the Institute for Energy Research (IER), a not-for-profit organization – founded in 1989 – that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets.

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Press Release: Gulf Small Business Owner Set To Testify Before Obama’s Spill Commission

Gulf Small Business Owner Set To Testify Before Obama’s Spill Commission

BP spill, Interior’s drilling moratorium triggered 50% loss in Thomas Clements’ business

WASHINGTON, D.C.— In anticipation of being one of only seven individuals who will get the chance to testify before President Obama’s National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling this afternoon, Louisiana small business owner Thomas Clements released the following statement:

As a Louisiana small business owner, I know firsthand the ways BP’s catastrophe and the resulting federal overreaction wreaked havoc on the livelihood of entrepreneurs struggling to rebuild the Gulf region’s economyMy company, Oilfield CNC Machining, has already suffered a 50% decline in business since this time last year.

For many, these spill-related financial burdens are not being offset by BP. Like other impacted business owners in Louisiana, my family painstakingly pulled together what we assumed was the necessary paperwork to receive a check from the compensatory fund. Apparently illustrating a decline in business was not sufficient to receive reimbursement. I am one of more than 20,000 forgotten casualties who have not seen a dollar from BP to offset the economic hardship the spill and the government response caused my family.

And my troubles are far from over. The government is now withholding the permits that will get our economy back on track.  They lifted the official deepwater drilling moratorium, but the administration continues to suffocate the region by backlogging new drilling permits.

“Sandwiched between a government policy of business destruction and a tight-pocketed foreign-owned corporation, U.S. workers find themselves stuck between a proverbial rock and a hard place.”

To speak with Clements or an AEA representative, please contact Laura Henderson at 202-380-5758 or lhenderson@energydc.org.

Founded in May, 2008, The American Energy Alliance (“AEA”) is a not-for-profit organization that engages in grassroots public policy advocacy and debate concerning energy and environmental policies. AEA is the advocacy arm of the Institute for Energy Research (IER), a not-for-profit organization – founded in 1989 – that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets.

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Press Release: Drilling Ban Leaves Gulf Business Owner With 50% Loss

For Immediate Release
Friday, November 5, 2010

Drilling Ban Leaves Gulf Business Owner With 50% Loss

WASHINGTON, D.C.—In anticipation of next week’s D.C. meeting of the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling, Louisiana small business owner Thomas Clement plans to discuss the ways in which BP’s catastrophe and the ensuing federal response wreaked havoc on his livelihood and those of thousands of other Gulf region entrepreneurs. Despite lifting the official deepwater drilling moratorium, the administration continues to suffocate the region by backlogging new drilling permits. Clements Oilfield CNC Machining LLC has already suffered a 50% decline in business since from this time last year.

WHO

Thomas Clements, Co-owner of Oilfield CNC Machining LLC, Broussard, LA

Thomas Pyle, President of the American Energy Alliance

WHAT

Save U.S. Energy Jobs Media Teleconference

WHERE

Dial In Information Available Upon RSVP

WHEN

Monday, November 8, 2010

1:00pm ET

To RSVP for this event, please contact media@saveusenergyjobs.org.

Founded in May, 2008, The American Energy Alliance (“AEA”) is a not-for-profit organization that engages in grassroots public policy advocacy and debate concerning energy and environmental policies.  AEA is the advocacy arm of the Institute for Energy Research (IER), a not-for-profit organization – founded in 1989 – that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets.

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Moratorium Gone in Words Only Unless Permits Become Available

Moratorium Gone in Words Only Unless Permits Become Available

BATON ROUGE, LA – In response to this week’s announcement by the U.S. Interior Department and the Bureau of Ocean Energy Management in regard to lifting the moratorium on deep water drilling in the Gulf of Mexico, LSU finance professor and nationally renowned economist Joseph Mason said:

Though the administration’s announced plans to lift its drilling moratorium make for good headlines, they don’t benefit much else. The continued unwillingness by federal regulators to issue permits will only create the same de facto moratorium for deepwater drillers that is currently halting shallow water operations supposedly outside of the realm of the official moratorium.”

High levels of uncertainty suppress business investment, economic growth, and job creation. A de facto moratorium will only add more confusion for the oil and gas industry to the ‘unusually uncertain’ economic outlook that Bernanke characterized in his July 21, 2010 testimony before Congress.

Simply shifting from an official moratorium to an unofficial one does nothing to bring back the thousands of jobs already lost to this deleterious policy.

Though the Obama administration only explicitly targeted deepwater drilling in its May 6th ban, federal regulators have approved just four new shallow water permits since April. Compared to 10 to 15 permits approved monthly during the same period last year, this Beltway backup clearly signals a de facto ban on all offshore exploration.

Washington’s foot dragging has real world effects as large employers like Seahawk Drilling Inc. and Hercules Offshore have already had to lay off hundreds of workers and reports of small businesses shutting their doors are rampant throughout the South. Recent analysis suggests as many as 20,000 jobs may have been lost to Washington’s knee-jerk response to the BP spill.

Dr. Mason warned about the economic consequences of de facto bans in his economic analyses of the administration’s energy policies earlier this year:

His reports were sponsored by Save U.S. Energy Jobs – a project of the AEA – established to help promote the nation’s energy sector. For additional details, please email info@saveusenergyjobs.org. To learn more and get exclusive information on upcoming projects, follow Save U.S. Energy Jobs on Twitter and Facebook.

Founded in May, 2008, The American Energy Alliance (“AEA”) is a not-for-profit organization that engages in grassroots public policy advocacy and debate concerning energy and environmental policies.  AEA is the advocacy arm of the Institute for Energy Research (IER), a not-for-profit organization – founded in 1989 – that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets.

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Obama Administration Underestimates Moratorium Job Loss By As Much As 60 Percent

Obama Administration Underestimates Moratorium Job Loss By As Much As 60 Percent

LSU professor’s analysis reveals drilling ban will cost $5 billion in lost economic output based on White House’s own figures

WASHINGTON, D.C.—Using figures from last week’s report by the Obama administration on the economic impact of its drilling moratorium, Louisiana State University professor Joseph R. Mason ran an analysis with the government’s own economic modeling and reveals the White House underestimated total jobs loss by 7,500 to 11,500 jobs in the Gulf states. In fact, based on the administration’s calculations, Mason finds that that the region stands to lose:

  • 19,536 jobs;
  • $5 billion in economic output;
  • $1.1 billion in earnings; and
  • $239 million in state and local tax revenues during the 6-month moratorium.

The heart of this critique is that the administration cut its estimates by a seemingly ad hoc 40 to 60 percent,” explained Mason. “The justifications given in its report are not supported by U.S. Bureau of Economic Analysis documentation. Without that methodologically unjustified cut, the Gulf starts with almost 20,000 jobs lost.

It’s no surprise the administration remains out of touch with the American public when it’s so far out of touch with basic facts like how many jobs will be destroyed by their own anti-growth, anti-energy policies,” said American Energy Alliance President Tom Pyle.

The administration’s seemingly cavalier attitude in trying to whitewash the devastating fallout from its drilling ban exemplifies a recurring ‘disconnect’ seen between the White House and the economic reality of its misguided energy policies. This apparent disregard for the economic consequences of further burdening our energy sector can also be seen in the president’s proposal to levy additional taxes on the U.S. oil and natural gas sector – a move that would effectively kick the Gulf and national economy when its already down.

For additional details, please email info@saveusenergyjobs.org. To learn more and get exclusive information on upcoming projects, follow Save U.S. Energy Jobs on Twitter and Facebook.

Founded in May, 2008, The American Energy Alliance (“AEA”) is a not-for-profit organization that engages in grassroots public policy advocacy and debate concerning energy and environmental policies.  AEA is the advocacy arm of the Institute for Energy Research (IER), a not-for-profit organization – founded in 1989 – that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets.

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