John Hanger, in his "Facts of the Day" blog, says that 4 more years of Obama is a good thing for natural gas development.
The President got little support in the natural gas industry and even less in the oil and coal industries. Yet, for the natural gas industry, the re-election of the President brings more good news than bad. Here are 5 reasons why.Oil and Gas Journal and Fuel Fix also both published articles summarizing the response to the election results.
First, the President has overseen booms in gas and oil production in the United States. That has meant that he has not gotten in the way more than anything else. The heated attacks on him and his Administration by some associated with the gas industry were never rooted in a reality. The President's re-election means the continuation of the extraordinary booms in domestic oil and gas production for the next 4 years and beyond.
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