"..Since 2008 energy production is up, but consumption is down. Oil and gas production in the U.S. has zoomed
to levels not seen in a decade, while overall energy consumption is down 10% or so. The boom in oil and gas drilling has been a rare economic bright spot for the nation, and one that President Obama has had no incentive to undo.
Despite environmentalists railing against Fracking and the EPA investigating whether it pollutes groundwater, there’s been No move toward federal regulation of it
Amazingly, in the third presidential election, Both Obama and Mitt Romney both voiced their belief that the United States could even achieve energy independence in the decade to come — and that this was a good thing.
As for that Gulf of Mexico drilling moratorium, Webber thinks the industry has come to terms with it. “You can’t have 11 people die and millions of barrels of oil spill into the gulf and not accept that a temporary moratorium is justified,” says Webber. “After all, even Ronald Reagan paused the space program after the Challenger explosion.”
Webber thinks there’s no chance that Obama would try to resurrect legislation pushing a carbon cap-and-trade program.."