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Why Mississippi Governor Phil Bryant Wants High Oil Prices for Fracking

December 1, 2014 By Steve Horn 2 Comments

Outgoing Interstate Oil and Gas Compact Commission (IOGCC) chairman Phil Bryant — Mississippi’s Republican Governor — started his farewell address with a college football joke at IOGCC’s recent annual conference in Columbus, Ohio. Seconds later, things got more serious, as Bryant spoke to an audience of oil and gas industry executives and lobbyists, as well as state-level regulators.

“I know it’s a mixed blessing, but if you look at some of the pumps in Mississippi, gasoline is about $2.68 and people are amazed that it’s below $3 per gallon,” he said. “And it’s a good thing for industry, it’s a good thing for truckers, it’s a good thing for those who move goods and services and products across the waters and across the lands and we’re excited about where that’s headed.”

Bryant then discussed the flip side of the “mixed blessing” coin. “Of course the Tuscaloosa Marine Shale has a little problem with that, so as with most things in life, it’s a give and take,” Bryant stated. “It’s very good at one point and it’s helping a lot of people, but on the other side there’s a part of me that goes, ‘Darn! I hate that oil’s dropping, I hate that it’s going down.’ I don’t say that out-loud, but just to those in this room.”

Filed Under: Environment, National News Tagged With: ALEC, Aubrey McClendon, Bakken Shale, bloomberg, Chesapeake Energy, Columbus, Dan Dicker, Drilling Deeper A Reality Check on U.S. Government Forecasts for a Lasting Tight Oil & Shale Gas Boom, Eagle Ford Shale, enery, Floyd Wilson, fracked gas, Fracked Oil, fracking, Fraser Institute, gasoline, Halcón Resources Corp, hydraulic fracturing, Interstate Oil and Gas Compact Commission, Jefferies LLC, MercBloc, Mississippi, Ohio, oil, oil and gas, oil prices, OPEC, Phil Bryant, Post Carbon Institute, Ralph Eads, Republican Party, Shale Bubble, State Policy Network, stink tanks, Texas, Tudor Pickering Holt & Co., Tuscaloosa Marine Shale, Utah, Wall Street Journal

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