“This nation’s energy renaissance has been totally dependent on private investment on private land,” said Andy Radford. a senior policy advisor with the American Petroleum Institute.
Critics of the Obama administration, especially Republicans, have long accused him of not doing enough to encourage oil production.
The administration has taken some steps to limit production, including a temporary moratorium on drilling in the Gulf of Mexico in the wake of the Deepwater Horizon disaster and support for alternative energy. It has also proposed cutting $4 billion in yearly tax breaks on the oil industry, but that never got past Republicans in Congress. The latest fight has been over the administration refusal to approve the Keystone XL Pipeline to carry oil from Canada and North Dakota to refineries and terminals on the Gulf Coast.
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