U.S. Green Technology | Where Main Street Meets Green Street

Obama vs. Big Oil: Who Will Win in the End?

U.S. Green Technology | Where Main Street Meets Green Street
Big Oil and Obama Disagree About Whether Local Oil Pipeline Will Make America More Independent of Foreign Oil - Image from Google

The fight between President Barack Obama with his green environment pursuits and Big Oil is quite slippery. And the battle is going to continue to be an uphill one as the 2012 presidential election season picks up steam.

According to the U.S. Department of Energy and U.S. Department of the Interior, enough oil and natural gas actually is present in the United States to provide power to more than 60 million cars and 160 million households for a whopping 60 years. Many argue that these resources need to be tapped while still protecting the environment.

“Let’s put America’s oil and natural gas to work – for Americans,” says EnergyTomorrow.org, brought to the public by the American Petroleum Institute – the only national trade association to represent the oil and gas industries.

However, Obama sees oil and natural gas through a very different lens. Just look at Obama’s recent rejection of a permit to allow the Keystone XL tar sands pipeline to be erected due to its potentially negative impact on the environment. Obama made this decision despite receiving a warning from the American Petroleum Institute that he would face “huge political consequences” if he refused to approve the pipeline project.

“We’re done with fossil fuel schemes that destroy our land, poison our water and wreak havoc with our climate so that oil companies can make out like bandits,” Obama said.

Big Oil emphasized the value of the pipeline in creating thousands of new jobs and decreasing the United States’ dependence on foreign oil. However, opponents argued that the number of jobs created would not be significant enough to help to boost the economy and that the project actually could cause oil prices to spike in the Midwest. On top of that, the pipeline in the end would not make America more independent of foreign oil.

Big Oil is sure to come against Obama with more vengeance this year as the battle between fossil fuels and the place of green renewable energy sources continues to be waged in America. And it doesn’t look like there is going to be a cease-fire in this slippery conflict anytime soon.

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