Frank C. Fisher Weighs in on Oil Production Debate

NEW YORK, NY, July 19, 2012 (Press-News.org) The 2012 Presidential Election has several pertinent issues at the forefront of discussion, and many Americans are listening and watching closely to determine which candidate they will vote for. According to a recent Politico report, the success of crude oil reserves in recent months may have a strong impact on voter decision. The U.S. energy market has experienced its highest level of crude oil production since 1998, marking a monumental economic shift following the country's recent recession. While the solid reserves are certainly a good thing for many Americans, the question remains of who is responsible for the new wealth - many analysts point to Barack Obama. Frank C. Fisher, energy consultant, offers further insight into how responsible a presidential figure can be for higher oil production.

As with most political debates, each party has sided with their leading politicians on the oil production matter. According to the article, Republican authorities note that Obama has failed to live up to his 'all of the above' energy strategy, and some even claim that the president has actually blocked the expansion of oil and gas production. In opposition, White House spokesman Clark Stevens told Politico, "Since the president took office, domestic oil and gas production has increased each year, with oil production in the first quarter of 2012 higher than any time in 14 years and natural gas production at its highest level ever, and that is certainly thanks in part to steps taken by this administration."

For Frank C. Fisher, the matter is not really one of political contribution. He explains, "While the government may be responsible for many of the regulations and allowances that provide energy companies with necessary resources; many regulations also significantly impede production expansion, with no offsetting benefits to the public. It is the work of the actual oil/gas companies and industry researchers that have created such a success, in spite of the federal government." As Senior Consultant for Aztec Oil & Gas in Texas, Frank C. Fisher has seen these private sector innovations firsthand. He notes that many of Aztec's successful wells are a direct result of strong business planning and bold research analysis.

Many agree with Fisher's sentiments, as the referenced article observes the increase in production as an industry response to high oil prices. Such prices motivated companies to explore unconventional drilling methods in previously ignored areas. Additionally, the recent increase in natural gas supplies was made possible by the technological advancement of horizontal drilling and hydraulic fracturing. Tom Kloza, chief oil analyst at the Oil Price Information Service stated, "In the end, the president and Congress can't take credit for what price and technology have delivered."

Whatever the results of the November election turn out to be, Frank C. Fisher is confident that the oil and gas industry will continue to make essential strides in the development of energy production.

ABOUT:

Frank C. Fisher is a retired Texas-based attorney with a significant history of consultation on strategy and the oil industry, plus personal investment in oil and gas wells and other industries. Mr. Fisher works in Houston, Texas and consults for producers of oil and natural gas, plus ancillary industries.

Website: http://frankcfisher.com