2012 Federal Elections - WVONGA2012个联邦选举- wvonga.ppt

2012 Federal Elections:? What You Need to Know With Eight Weeks to Go… Election Day - November 6th, 2012 Exactly eight weeks from today – election results have significant impact on energy policy Obama vs. Romney Republican Controlled House Democratically Controlled Senate Lame Duck/Fiscal Cliff Previous Elections 2012 Senate Race-Majority at Stake U.S. Senate Energy Natural Resources Committee Democratic Chair/Ranking Member- Sen. Ron Wyden (OR) Republican Chair/Ranking Member- Sen. Lisa Murkowski (AK) Environment Public Works Committee Democratic Chair/Ranking Member- Sen. Barbara Boxer (CA) Republican Chair/Ranking Member- Sen. James Inhofe (OK) Sen. Ron Wyden (D-OR) New Chairman Emphasis on Natural Resources History of Bipartisanship Some hostility to fossil fuels Skeptical of exporting US energy abroad Democratically Controlled Senate – Business as Usual? Sen. Barbara Boxer (D-CA) California Influence Record of hostility towards fossil fuels Good personal relationship with Inhofe Sanctity of the CAA Business as Usual Republican - Controlled Senate Sen. Lisa Murkowski (R-AK) Proponent of domestic oil and gas development Understands the role of states in implementing a successful national energy policy Centrist Republican who works well with both parties Republican - Controlled Senate Sen. Jim Inhofe (R-OK) Proponent of oil and gas development Vocal critic of climate science Anti-regulatory stance Divisive nationally, but decent working relationship with Boxer Possible Electoral Scenarios Big Picture… Rise of gas, fall of coal; Cautious increases in domestic oil production; Continuation of current environmental regulations; Possible movement on climate change after 2014 Big Picture… 2013 - Big Tax Year Overriding Issues Bush Tax Cuts etc. Industry specific Possible Repeal of Expensing of Intangible Drilling Costs Possible Repeal of LIFO Dividend Tax Rate Expiration Carbon Tax??? Election Day What Do the Polls Say? Obama-Romney Polling - It’s Close…