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Q&A: Houston executive speaks for energy industry

Houston Chronicle -- BRETT CLANTON -- Becoming chairman of the Independent Petroleum Association of America, a Washington lobby representing more than 5,000 U.S. oil and gas producers, would be a big job at any time. Right now, however, it's huge. As producers exult in recent shale gas discoveries that could extend U.S. natural gas supplies for decades, they are facing policy and environmental challenges that could slow their momentum and cost jobs and investment, said Bruce Vincent, IPAA chairman since November and president of Houston-based Swift Energy Co. One meeting at a time, Vincent is focusing on giving policymakers a better understanding of the facts and what he calls the unintended consequences of certain policy moves.

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Submitted Mar 20, 2010 By: SUVFan

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Blue48 Champion Author Illinois Posts:4,955 Points:1,171,145 Joined:Feb 2007	Message Posted: Mar 21, 2010 12:02:56 PM Ignore Blue48 Report Abuse OK!
computernut2008 Champion Author Ohio Posts:4,250 Points:899,270 Joined:Oct 2008	Message Posted: Mar 21, 2010 2:28:08 AM Ignore computernut2008 Report Abuse Should we believe oil company exec's. Next speculators are only thinking of us.
kbierley Champion Author Dayton Posts:9,931 Points:1,270,610 Joined:Nov 2003	Message Posted: Mar 20, 2010 8:46:37 PM Ignore kbierley Report Abuse Drill for MORE U.S. Oil, NOW!
RobRD Champion Author Alberta Posts:3,828 Points:896,020 Joined:Jul 2007	Message Posted: Mar 20, 2010 8:40:27 PM Ignore RobRD Report Abuse The one thing he did not talk about was the impact on the water supply with the new drilling methods. Water is a limited commodity here in North America and if it is compromised by the oild industry it will impact you and I to survive.
aldog365 Champion Author Nashville Posts:3,140 Points:1,557,660 Joined:Aug 2005	Message Posted: Mar 20, 2010 8:39:34 PM Ignore aldog365 Report Abuse What ever it takes to keep the prices high.
OGW Champion Author London Posts:3,337 Points:1,111,980 Joined:Sep 2005	Message Posted: Mar 20, 2010 8:04:11 PM Ignore OGW Report Abuse The facts as explained by an oil executive, what a joke that must be!
majorfall Champion Author New York Posts:13,453 Points:2,666,960 Joined:May 2004	Message Posted: Mar 20, 2010 7:54:00 PM Ignore majorfall Report Abuse switch to nat gas vehicles
1Casey Champion Author Albany Posts:4,511 Points:1,418,610 Joined:Jun 2004	Message Posted: Mar 20, 2010 7:52:58 PM Ignore 1Casey Report Abuse Must continue to conserve. research and development is always a positive in this field.
raleightom All-Star Author Raleigh Posts:765 Points:215,710 Joined:Nov 2007	Message Posted: Mar 20, 2010 7:37:52 PM Ignore raleightom Report Abuse Maybe if the oil industry lobbyists were to spend some time educating the American public about the industry, how it works AND what needs to be done for the future, then we will be in a better position to understand them and offer our support. Until then, I suggest we invest in this industry in ways to recover what we spend using it's products and support R&D efforts by the industry and others to support our future.PS: If we are clueless other than paying at the pump and express our feelings to those representing us in government; then we have a situation like what exist at this time.My 2 cents ;)
DellMan Champion Author Omaha Posts:1,917 Points:442,925 Joined:Apr 2008	Message Posted: Mar 20, 2010 7:34:56 PM Ignore DellMan Report Abuse The unfortunate part of all this is Obama and his group to include all the democrats, don’t care about consequences. If they did they wouldn't he trying to force the Health Care, Cap & Tax and all their other stupid plans through.
joel27nc Champion Author Raleigh Posts:8,152 Points:1,391,370 Joined:Mar 2008	Message Posted: Mar 20, 2010 7:28:26 PM Ignore joel27nc Report Abuse lets hope they are right
silvolvo Veteran Author Twin Cities Posts:258 Points:876,900 Joined:Apr 2008	Message Posted: Mar 20, 2010 7:27:12 PM Ignore silvolvo Report Abuse drill baby drill!
mplato Champion Author Columbia Posts:5,977 Points:1,363,195 Joined:Jun 2004	Message Posted: Mar 20, 2010 7:24:11 PM Ignore mplato Report Abuse why would this administration let BIG BAD OIL companies from this country drill here? the rest of the world isnt worried about it.
tnsilvertip Champion Author Tennessee Posts:1,275 Points:480,960 Joined:Oct 2005	Message Posted: Mar 20, 2010 7:23:33 PM Ignore tnsilvertip Report Abuse Drill here, keep here.
brus282 Champion Author North Carolina Posts:4,659 Points:953,210 Joined:Aug 2007	Message Posted: Mar 20, 2010 7:16:01 PM Ignore brus282 Report Abuse until americans realize that we must drill here now, all of this talk is just a waste of breath
TruckVet Veteran Author Houston Posts:327 Points:707,785 Joined:Dec 2007	Message Posted: Mar 20, 2010 7:13:17 PM Ignore TruckVet Report Abuse they knew this issues was going to arise and should have plan properly for it. hopefully, it will not result in another citizen bail out.
altima2008 Champion Author Philadelphia Posts:5,793 Points:1,272,305 Joined:Apr 2008	Message Posted: Mar 20, 2010 7:07:04 PM Ignore altima2008 Report Abuse Drill here, Drill now bottom line!
DarthDadJr Champion Author Virginia Posts:5,529 Points:1,119,435 Joined:Jul 2008	Message Posted: Mar 20, 2010 7:06:01 PM Ignore DarthDadJr Report Abuse There is too much special interest influence in Washington now...and the Supreme Court's ruling on campaign financing just made it worse.
Bonanza Champion Author Boston Posts:9,282 Points:2,084,005 Joined:Jun 2004	Message Posted: Mar 20, 2010 7:04:52 PM Ignore Bonanza Report Abuse Seems the people want more oil exploration as long as it's not in their backyard.
must87searcher Champion Author Maryland Posts:6,661 Points:1,313,540 Joined:Apr 2008	Message Posted: Mar 20, 2010 7:04:24 PM Ignore must87searcher Report Abuse Whenever the subject of energy comes up, there will disagreements to the plan.
pgerassi Champion Author Milwaukee Posts:8,511 Points:1,664,925 Joined:Apr 2007	Message Posted: Mar 20, 2010 7:01:02 PM Ignore pgerassi Report Abuse More the reason to increase MPG by going PHEV and increase the use of renewable fuels.
runningmp Champion Author Corpus Christi Posts:19,301 Points:2,279,830 Joined:Sep 2005	Message Posted: Mar 20, 2010 7:00:15 PM Ignore runningmp Report Abuse The problem with politicians is that they think they know what's good for use regardless of what we tell them.... (i.e. Healthcare).
TomT2Lee Champion Author Cincinnati Posts:3,807 Points:1,167,120 Joined:Sep 2005	Message Posted: Mar 20, 2010 6:59:35 PM Ignore TomT2Lee Report Abuse Most people in America are going to be slack jawed and awestruck when it is no longer possible for the Saudi's to hide the unstoppable production decline of their oil fields.
heysailor Champion Author Pittsburgh Posts:7,226 Points:1,866,160 Joined:Mar 2006	Message Posted: Mar 20, 2010 6:51:38 PM Ignore heysailor Report Abuse There's a lot more to producing hydrocarbons than just recovering it.
SUVFan Champion Author Columbus Posts:9,169 Points:1,169,165 Joined:Oct 2008	Message Posted: Mar 20, 2010 6:47:08 PM Ignore SUVFan Report Abuse Some great comments here. Ken2ODs last one is dead on. The consumer pays the tax, no matter how it is disguised. The only possible exception involves bankruptcy -- Who wants to do businiess with somone that can't make money?
Rednix Champion Author Miami Posts:3,879 Points:813,770 Joined:Jul 2009	Message Posted: Mar 20, 2010 6:45:23 PM Ignore Rednix Report Abuse what does he think of oil speculators who help in jacking up the price of crude oil?
Ken2OD Champion Author Grand Rapids Posts:6,673 Points:1,506,000 Joined:Dec 2005	Message Posted: Mar 20, 2010 6:36:12 PM Ignore Ken2OD Report Abuse They can tax the oil industry all they want. But, remember, all that tax is passed down to the consumer at the pumps. I'm for anything that opens up domestic production and helps to curb OPEC.
Buck_on_Bass Champion Author Tennessee Posts:5,170 Points:1,039,090 Joined:Jul 2007	Message Posted: Mar 20, 2010 6:34:38 PM Ignore Buck_on_Bass Report Abuse Lobbyists can be a source of information for politicians. The problem is that politicians in Washington are always fund raising. With the extent of fund raising that is done to run a campaign, I surprised the politicians are able to pass any laws.
bell05 Champion Author Atlanta Posts:6,869 Points:1,407,660 Joined:Jun 2005	Message Posted: Mar 20, 2010 6:34:21 PM Ignore bell05 Report Abuse Copied from below: It's about time BIG OIL paid their fare share.
clermont40miles Champion Author Cincinnati Posts:7,567 Points:1,307,530 Joined:Apr 2008	Message Posted: Mar 20, 2010 6:32:59 PM Ignore clermont40miles Report Abuse from the article... Q: Under the Obama administration's 2011 budget proposal, your group estimates there will be nearly $40 billion in tax increases on oil and natural gas production over a 10-year period and predicts a long-term reduction in energy output. Not all the budget is likely to pass, but what is your industry bracing for? ---- Guess who pays all tax increases? It is not Big Oil. The end user - consumer - pays every penny of tax. Another BHO blunder. We pay. And pay. And pay... Also in above, says production is declining. That is bad! The EcoNutz keep us from producing. Crazy stuff. And pay. And pay. And pay...
remay Champion Author Houston Posts:4,691 Points:1,653,745 Joined:May 2006	Message Posted: Mar 20, 2010 6:24:43 PM Ignore remay Report Abuse yawn... article almost put me to sleep...
DirtDauber Champion Author San Antonio Posts:4,410 Points:1,161,275 Joined:Nov 2005	Message Posted: Mar 20, 2010 6:22:59 PM Ignore DirtDauber Report Abuse More Spin.
BazooQC Champion Author Montreal Posts:7,325 Points:1,171,405 Joined:Oct 2008	Message Posted: Mar 20, 2010 6:12:57 PM Ignore BazooQC Report Abuse How can they harp on the fact that it might cost jobs when they already shutdown some refineries and made employees lose their jobs. This is talk talk talk and yak yak yak at its best. Next industry to be in trouble is the oil industry as they rake in billions and don't really return much. Windfarms, solarpower and electric cars will take their business away, without ruining our environment as much.
swrestler Champion Author Grand Rapids Posts:3,775 Points:1,104,275 Joined:Oct 2008	Message Posted: Mar 20, 2010 6:04:26 PM Ignore swrestler Report Abuse I agree with murphy50.....
billy44bo Champion Author Mobile Posts:5,183 Points:1,042,060 Joined:Feb 2008	Message Posted: Mar 20, 2010 5:53:42 PM Ignore billy44bo Report Abuse divebomber hit the make kick the bums out and cut their golden parachute no checks from us when the are out of office
murphy50 Champion Author Colorado Posts:5,140 Points:2,104,120 Joined:May 2004	Message Posted: Mar 20, 2010 5:53:06 PM Ignore murphy50 Report Abuse It's about time BIG OIL paid their fare share.
suzyq2007 Champion Author Dallas Posts:5,015 Points:1,219,000 Joined:Oct 2007	Message Posted: Mar 20, 2010 5:50:52 PM Ignore suzyq2007 Report Abuse not a job I would want
BobD2009 Champion Author Long Island Posts:4,577 Points:773,760 Joined:Apr 2009	Message Posted: Mar 20, 2010 5:47:39 PM Ignore BobD2009 Report Abuse I don't envy any spokesperson for energy with tax happy Obama around.
pnd1 Champion Author Tallahassee Posts:4,253 Points:855,095 Joined:Jul 2009	Message Posted: Mar 20, 2010 5:37:51 PM Ignore pnd1 Report Abuse We need to find some middle ground.
YLHandyman Champion Author Orange County Posts:5,008 Points:930,140 Joined:Feb 2008	Message Posted: Mar 20, 2010 5:35:07 PM Ignore YLHandyman Report Abuse And of course his views are not slanted toward big oil.
PissedCanuck Champion Author Toronto Posts:5,138 Points:1,192,210 Joined:Nov 2006	Message Posted: Mar 20, 2010 5:34:45 PM Ignore PissedCanuck Report Abuse Another oilman to feed us more BS.
zimowski Champion Author San Jose Posts:4,310 Points:1,117,710 Joined:Nov 2007	Message Posted: Mar 20, 2010 5:32:32 PM Ignore zimowski Report Abuse More industry BS?
TheSnowstorm Champion Author Montreal Posts:6,817 Points:1,472,900 Joined:June 2005	Message Posted: Mar 20, 2010 5:30:51 PM Ignore TheSnowstorm Report Abuse I can see this turning into a complete fiasco.
DrLyon Champion Author Michigan Posts:4,439 Points:751,085 Joined:May 2006	Message Posted: Mar 20, 2010 5:30:28 PM Ignore DrLyon Report Abuse Jdbgn term limits don't work. Voting and staying in contact with your representatives does. In Michigan term limits have made a mess of the process. Good guys being term limited. Voting is the way to go. Term limits for the President and a state Governor make sense. But not for representation. Now back on topic... Lets not be so fast about feeling sorry for companies that have to meet environmental regulations.
MINER Champion Author Pittsburgh Posts:8,960 Points:2,585,815 Joined:Jul 2002	Message Posted: Mar 20, 2010 5:30:23 PM Ignore MINER Report Abuse Wouldn't a smart person look at all aspects of the situation when making a decision...
danreino Champion Author Twin Cities Posts:6,270 Points:1,142,195 Joined:Mar 2008	Message Posted: Mar 20, 2010 5:27:57 PM Ignore danreino Report Abuse Yeah my salary was supposed to be 500K this year but I think I'll bump it up to 20 million instead. And that goes for my 15 other in-company executive buddies as well.
ndhoanggia All-Star Author New York Posts:696 Points:215,505 Joined:Apr 2009	Message Posted: Mar 20, 2010 5:27:43 PM Ignore ndhoanggia Report Abuse Blue cruzer, I concur
jdbgn Champion Author Los Angeles Posts:10,580 Points:1,640,685 Joined:Apr 2007	Message Posted: Mar 20, 2010 5:23:36 PM Ignore jdbgn Report Abuse We need more the term limits. Term limits to begin with, then limits on their retirement pay and benefits. If they don't behave they get nothing. Most of them are rich anyway. Mostly from graft and other illegal activities.
salog Champion Author Columbia Posts:5,776 Points:1,268,530 Joined:Oct 2006	Message Posted: Mar 20, 2010 5:20:38 PM Ignore salog Report Abuse all votes are for sale; just need to know the currency.
johnrb Champion Author Michigan Posts:6,041 Points:1,554,905 Joined:Oct 2006	Message Posted: Mar 20, 2010 5:17:07 PM Ignore johnrb Report Abuse With the EPA saying Methane is a global warming gas which is the majority of natural gas there seems to be a disconnect!