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13 Apr
2012

April 2012: Herbein Energy Advisor

Welcome to the Herbein Energy Advisor enewsletter presented by Herbein + Company, Inc. – CPAS and Consultants. The Herbein Energy Advisor is a monthly newsletter that will include important timely news to help shale region businesses succeed. Have a question or a hot topic suggestion? Email us at gotfeedback@herbein.com or visit our website at www.herbein.com.

April 2012
Herbein Energy Advisor: Candidates on Energy

A summary of where they stand

The cost and availability of energy resources are controversial issues in the United States today; which makes energy a hot topic during the 2012 election. The Commonwealth of Pennsylvania presidential primary occurs on April 24, 2012. Candidates agree that increasing energy independence is critical to national security; however they disagree on other related issues including environmental and regulatory policy.

The following article will summarize where each candidate stands on energy related issues:

Presidential Race
72 delegates are up for grabs when The Commonwealth of Pennsylvania presidential primary occurs on April 24th. Energy is a key issue for voters in Pennsylvania this year and the following is a summary on where each candidate stands on energy related issues:

President Obama
President Obama’s plan encourages the use of alternate fuels and more green technology. His proposal aims to stop oil and gas subsidies and put aside $1 billion to expand tax incentives on electric cars and alternate-fuels trucks and to fund research into battery technology.

His administration deferred approval of the Keystone XL Pipeline until an alternative route could be proposed (bypassing an environmentally sensitive area in Nebraska).

Mitt Romney
Romney’s energy plan centers on “significant regulatory reform” – a streamlined approach to regulation designed to increase domestic production of oil and natural gas and further investment in nuclear power. Along with supporting an increase in the production of shale gas, Romney also advocates partnering with Canada and Mexico and working to develop shale gas in Europe.

He’s a supporter of the Keystone XL Pipeline and drilling in the Arctic National Wildlife Refuge (ANWR).

Rick Santorum
Part of former Senator Rick Santorum’s “Made in America” plan is an energy platform that includes support of the Keystone XL Pipeline and the elimination of all energy subsidates within four years.

His plan involves free market production, including drilling in ANWR and support for domestic shale gas production using hydraulic fracturing.

Newt Gingrich
Gingrich presents a six-point energy plan calling for the removal of bureaucratic obstacles to oil and natural gas development, financing clean energy research with oil and gas royalties, eliminating the Environmental Protection Agency (EPA), removing the ban on shale oil development in the west and supporting subsidies for all forms of energy production.

He believes that by approving the Keystone XL Pipeline, domestic gas prices will drop to $2.50 per gallon.

Ron Paul
Paul’s energy policy is focused on free market energy solutions. He would repeal laws and regulations that impede energy production and lower taxes on energy production. Elimination of the EPA is part of his plan. He also wants to eliminate the federal tax on gas, saving American’s about 18 cents a gallon.

While he opposes energy subsidies, he does support energy tax credits.

Senate Race

Pennsylvanians voting in the April 24th primary will also be selecting candidates for the United States Senate. Democrat Bob Casey is the incumbent candidate and faces opposition from an Allegheny County Democrat in the primary. Should he win the primary, he will then face one of the Republican candidates listed below in the November general election.

Bob Casey
In March 2012, Senator Casey crossed party lines and voted in favor of the Keystone XL Pipeline. This contradicted Casey’s earlier stance on the project.

He remains opposed to both drilling in ANWR and oil and gas subsidies. Instead, he supports tax credits for alternative energy projects.

Joe Vodvarka
Vodvarka is a retired spring manufacturer from Allegheny County and the only Democratic challenger to Bob Casey in the April primary. He supports oil & gas drilling for sale in the United States only.

David Christian
Christian is a Vietnam veteran from Bucks County who spent 26 years with the U.S. Department of Labor. He supports job creation through the Keystone XL Pipeline and would like to see an end to the EPA.

Sam Rohrer
Rohrer is a Republican candidate from Berks County. He opposes EPA restrictions on oil and gas producers and private property owners and wants to speed up state agency approval times for drilling permits.

Marc Scaringi
Born and raised in Pittsburgh, Scaringi is a Republican candidate who supports tax incentives for oil and gas companies and incentives for shale gas extraction in Pennsylvania.

Tom Smith
Smith is a retired coal executive from Armstrong County who favors the Keystone XL Pipeline and continued development of Marcellus Shale, American oil and clean coal.

Steve Welch
A native of Chester County, Republican candidate Welch approves the Keystone XL pipeline and wants to see more investment in wind and solar energy. He applauds the recent passage of the Marcellus Shale natural gas regulations because he wants to keep oversight of the industry at the state level.

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