"As long as we drill safely and responsibly, I'm committed to making sure that we open more acres to gas and oil exploration. I want American oil companies to do well," said President Obama during a recent trip to Maljamar, NM. It was trip Boehner said would have never happened if it wasn't an election year.
"The president says he's for more oil and gas development, yet he stops Keystone.He won't let us drill in the most productive part of Alaska. And when it comes to opening federal lands, they continue to shut more federal lands down," said Boehner, who was in the Permian Basin earlier this week touring a hydraulic fracturing and drilling rig site.
But when the president was in Maljamar, he said, "this is public land that's been leased to the oil companies by the federal government. And over the last three years, I've directed my administration to open up millions of acres just like this for oil and gas exploration in 23 different states."
Sounds like a positive thing for oil companies. But when it comes to oil tax breaks, that isn't the case. "It doesn't make sense for us to be providing a $4 billion subsidy when oil and gas are doing plenty well on their own," said the president.
Boehner argues, "the Congressional Research Service, (a) non-partisan arm of the Library of Congress, has looked at the president's proposal. They have determined that doing what the president wants - raising taxes on oil companies - would actually increase oil and gas prices in the United States." A move that would, in turn, raise gas prices, heating costs, and more at a time when many Americans already think gas prices are too high.
So is the president for domestic oil and gas or against it. According to Boehner, only time and action will tell. "America is waiting to see the actions that will support the rhetoric that the president continues to use."
Boehner also talked about regulations saying that Washington is "going overboard." He says regulations are the number one concern of small business owners in America.
Speaking of regulations, he said the American people need to stop worrying about hydraulic fracturing. He said he's not worried about the chemicals since you can actually eat most all of them. He also says that he believes hydraulic fracturing presents no threat to our ground or drinking water.