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Oil Industry: ‘Difficult’ to Pass Energy, Oil Spill Bills This Year

Last updated: Jul 31, 2020 08:00 | Sep 14, 2010 19:08
news
Karan Emery

American Petroleum Institute President Jack Gerard predicted today that energy legislation, including an oil spill response bill and a stripped-down energy bill, will likely not be considered until after the mid-term elections in a lame duck session in the Senate. Even then, he said, “It will be difficult to get anything done between now and the end of the year.” Gerard’s assessment falls in line with what I’ve been told be Senate sources and even some environmentalists. For more on what to expect from the Senate this year, see this post.

Gerard also criticized an amendment to the small business bill sponsored by Sen. Bill Nelson (D-Fla.) that would exclude much of the industry from a key manufacturing tax deduction. The amendment is slated to come up for consideration later today. According to Gerard, passage of the amendment would “put some $127 billion in energy development investments at risk between 2011-2020.” Gerard said that such a reduction in investment would threaten thousands of jobs. API sent a letter to Senate Majority Leader Harry Reid (D-Nev.) on the issue late last week.

Karan Emery | I'm a research scientist interested in learning more about how neural activity influences and shapes human behavior. Project design and management, data analysis and interpretation, and the creation and implementation of testing tools are among my specialties. I enjoy coming up with new ideas and coming up with practical solutions to issues that are widely applicable. My colleagues would describe me as a driven, resourceful individual who maintains a positive, proactive attitude when faced with adversity. Currently, I’m seeking opportunities that will allow me to develop and promote technologies that benefit human health. Specific fields of interest include data analytics, biotechnology, and pharmaceuticals.

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