The Domestic Energy Producers Alliance is a nationwide collaboration of 22 coalition associations – from California to West Virginia, Texas to Montana – representing about 10,000 individuals and companies engaged in domestic onshore oil and natural gas exploration and production (E&P). We believe in seeking common ground, and in common sense solutions to the challenges that face us in our businesses, including our relationship with the federal legislative and executive branches of government. In only its fifth year, DEPA now represents a majority of the individuals and companies responsible for the current renaissance in American oil and natural gas production.
While the national media is gripped with fascination at the Republican and Democrat presidential nomination battles, Washington is well into its quadrennial shift to general election schedules and activities. This transition has come early as a result of three factors:
1) A lame duck president;
2) The looming election year Supreme Court nomination fight; and
3) A wide-open nomination process that sees both parties being pulled apart by a torrent of anti-establishment populism.
As we enter the closing stages of the presidential primary and caucus process for both political parties, everyone should take a step back and ask a basic question … How will the 2016 presidential race affect the domestic oil and gas industry?
There is no clear-cut answer to this question.
Now that we have all taken our victory lap over getting the crude oil export ban repealed – a monumental accomplishment – it is time for DEPA to turn its attention to what could happen in Congress in 2016 and when a new Administration takes office in 2017.
You never can rest on your laurels in this business. There are always new challenges.
As a general proposition, not much comes out of Congress during a presidential election year but that doesn’t mean we shouldn’t closely monitor everything being discussed in DC in the coming months.