16 Sep '11, 5pm

National Petroleum Council Report Acknowledges Need for Safeguards on Oil and Gas

The National Petroleum Council released a report yesterday assessing the scope of North American oil and gas reserves. Given the council’s mission to represent the views of the oil and gas industries, it is not surprising the report says the United States can and should drill our way to a secure energy future. The report gives an especially sunny outlook of what it calls abundant supplies of domestic oil and gas despite the fact that America is home to less than 3 percent of global oil reserves and will be importing foreign oil for decades to come. But I welcome the fact that the report underscores the need for responsible government oversight. In a section on its four core principles, the NPC writes: “The critical path to sustained and expanded resource development in North America includes effective regulation and a commitment of industry and regulators to continuous imp...

Full article: http://switchboard.nrdc.org/blogs/plehner/national_petrol...

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