Comments for 'Four more long years' for oil and gas industry at http://www.acadianabusiness.com , comment 1 to 2 out of 2 comments http://www.acadianabusiness.com Sat, 18 May 2013 20:44:50 +0100 FeedCreator 1.7.3 http://www.acadianabusiness.com/business-news/acadiana-business/11922-four-more-long-years-for-oil-and-gas-industry#comment-27406 "He has promised to slash the oil and gas industry’s tax incentives" Why should a company like Exxon, which is already one of the top two earning companies on Earth, need "tax incentives" from the U.S. government? Who is simple enough to believe they will walk away from $11 billion per quarter in profits because they lose a billion dollars in government incentives per year? Do oil and gas executives think we're ALL stupid? "increase regulations through the EPA" To find out what happens when there is no EPA, google "pollution in China" and take a hard look at the images that come up. If the companies had been allowed to police themselves, this is what we would look like in the U.S. today. In fact this is what we were beginning to look like back in the 1970s when the EPA was created. The EPA is the ONLY reason our air and water and soil aren't poisoned like they are in China. Finally, does the Oil and Gas industry ever to stop to think about what happened to the tobacco industry after it became obvious that they were complicit in concealing the health dangers associated with smoking? The potential damages from climate change could make the civil liabilities of the tobacco companies seem like pocket change by comparison. Do they really want to be saddled with that kind of liability some day in the future? - Brent Faul Wed, 07 Nov 2012 09:26:26 +0100 http://www.acadianabusiness.com/business-news/acadiana-business/11922-four-more-long-years-for-oil-and-gas-industry#comment-27405 At first I was wondering who the hell wrote this. It sure didn't sound like an Ind reporter. Look, regulations happen at the government level because they have to. No one would be looking to implement regulations if the BP oil spill hadn't happened. You can't rely on companies looking to turn a profit to regulate themselves, as they will cut corners whenever possible. Yes, the "vast supply" of O&G resources are plentiful. Mostly because they had millions of years to create themselves before we found them. Simply put, those resources will get used up faster than they can reproduce themselves. Opening the valve wide only makes that happen faster. Shame on you for downgrading his investments in renewable energies. We HAVE to look at renewable or green energies for our future. Yes I do realize O&G will always be a portion of our lives as we have produced too many goods that rely on them, but we have to slow down that consumption as much as possible. Fracking, no matter how you describe it, is not known to be a safe method of extraction. I commend the government for making these big energy companies slow down to make sure it's done right, even if that means slowing down the process and making people look at things more carefully. My point I'm trying to make is the energy sector has one option... ADAPT! It's going to cost more to do this function because of new fees and regulations? Figure out how to cut frivolous spending (which I saw many many times in my years working offshore). Cut back on wasted dollars by, I dunno, perhaps providing incentives for accuracy and quality of work instead of "how long you can go without hurting yourself". Yes, the industry will be regulated heavier with more fees and paperwork to do your job. The government had no choice. BP skipped on some of that paperwork and self-regulation and who got all the heat? The administration for it's lack of response... for something it didn't do and is not prepared to respond to. The O&G industry did this to themselves. - Bryan Fuselier Wed, 07 Nov 2012 09:00:10 +0100