Showing posts with label Harold Hamm. Show all posts
Showing posts with label Harold Hamm. Show all posts
Wednesday, May 23, 2012
Oil Billionaire Harold Hamm chairs Romney energy advisers.
Harold Hamm an Oklahoma oil billionaire became one of Romney's top energy advisers in March. A few weeks later he also gave985,000 dollars to the Restore Our Future Super PAC a pro Romney PAC.
Continental Resources, Hamm's company has oil fields in North Dakota and Montana. On his website Hamm complains that the Obama administration has done everything in its power to stop fossil fuel usage. I doubt that many environmentalists would agree with that assessment!
Although PACs are by law supposed to be independent the contributions do not contravene the law even though the optics may not be good! The overlaps between campaigns and PACs is bipartisan it would seem.
The pro-Obama Priorities USA Action Super PAC was co-founded by Bill Burton a former Obama press official. Romney's 2008 national political director Carl Fort co-founded Restore Our Future.
Hamm has been named chair of Romney's Energy Policy Advisory Group. Hamm debunks Obama's emphasis on "green" energy. Hamm is an avid supporter of the oil industry and an advocate of less regulation. He also promotes a quick building of the Keystone XL Pipe line project and is critical of Obama's subsidies to green energy projects. For much more see this article.
Thursday, March 1, 2012
Oil Billionaire Harold Hamm to head Romney Energy Adviser Group
The 66-year-old Hamm is CEO of Continental Resources Inc. (CLR). Hamm ranked 36th on Forbes magazine list of the 400 wealthiest Americans. His stake in Continental Resources alone is worth 11.2 billion.
It is only fitting that the rich Republican front runner should look to the advice of the one per cent on energy policy. Romney has been busy attacking Obama's energy policies which he claims have increased energy prices. Of course Romney perhaps did not notice that it is Iran policies and problems in Syria and other oil-producing countries that are causing prices to rise. However with gasoline prices hitting $3.56 U.S. a gallon and Obama in power that is probably enough to convince some people it is Obama's doing.
Hamm said:"Mitt's goal of cheap, plentiful energy for the American economy offers the American people a stark alternative to President Obama's goal of driving prices higher," Romney wants to streamline the approach to regulation that would include excluding carbon dioxide from regulation!
Romney spouted the Republican line on Obama whom he claims follows a "course of restricting supply, increasing regulation, and hoping for miraculous new technologies to save the day," Romney would of course abandon such a policy. For more see this article.
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