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Menendez: Oil Drilling Will Affect Tourism

Senator says House bill is "a great threat."

Column as submitted by Sen. Robert Menendez:

I know you share my love of the Jersey Shore, its great resources and the great economic engine it provides to our state.  But today we are facing the great threat of oil drilling off the coast of New Jersey.  Unfortunately, big oil managed to use its influence in the House of Representatives this week to get a bill passed that would allow drilling off the New Jersey coast and all along the eastern seaboard.

If this bill becomes law, it could have a terrible impact on the tourism industry at the Jersey Shore, on commercial and recreational fishing, on marine life, and on New Jersey's delicate coastal ecosystems.  An oil spill would ruin New Jersey’s shore for years to come.  It would mean not jumping the waves with our kids and not eating local fish on a night out.  It would mean boardwalks abandoned and lost jobs.

We don’t want to wake up one morning to find a black sheen of oil coating our beaches, killing our fish, destroying small businesses and costing thousands of jobs.  We can’t afford to take the risk of losing what is so precious to New Jersey and its residents.

The line has been drawn in the sand and we are now in a battle to save our coast.  Please sign this petition and join me in the fight against this effort which puts the future of our shore at risk.

Sincerely,

Sen. Robert Menendez

Maggie July 28, 2012 at 04:18 PM
I do not know how Mr. Merck is still in office. Will somebody PLEASE vote Mr. Corporation OUT already?!
. July 28, 2012 at 04:55 PM
Not to mention all of the jobs that this would create in the area. Businesses might start to boom again. The shore area will be popular no matter what. We need oil and jobs.
So Much to Say July 28, 2012 at 05:20 PM
This man doesn't care about NJ and it's LEGAL citizens, he only care for his hispanic buds. Look at most of the bills he's introduced. Mostly will benefit, illegals and his own. VOTE VOTE VOTE HIM OUT!!!!!
I'm Constipated July 28, 2012 at 06:37 PM
I love this man.
Nancy Pollack July 28, 2012 at 09:53 PM
Wake up everybody! There IS NO OIL SHORTAGE!!!!! There is plenty of oil. This is about the GREED of the big corporations. Gas at the shore was #3.39 a gallon for weeks while just a few miles away it was $3.14 to $3.18. GREED.
Louis July 28, 2012 at 11:05 PM
I don't know who or what is in charge but someone should put a stop to these people who are destroying us bunch of greedy selfish jerks
Louis July 28, 2012 at 11:25 PM
Drill !!! Drill!!! Drill !!! Pass that law make us all very happy:)
George July 28, 2012 at 11:32 PM
How did that BP oil spill work out for ya? Vote for the Koch Bros. and Exxon's pal, Nitwit Romney, and get FREE OIL on NJ's beaches.
Donna Griffin July 28, 2012 at 11:42 PM
Nancy - The "greed" of the oil companies earns them about 2 cents per gallon of gasoline profit according to a Daily Markets report from April, 2011. State taxes rake in an average of 48.1 cents per gallon nationwide. In Alaska, those taxes amount to 26.4 cents/gallon while in California that rate goes up to 66.1 cents. Who takes the risks? Who funds the exploration? Who pays employees? Who is actually accountable to shareholders? And yet, who is demonized relentlessly? I think your term "greed" is misdirected. Sen. Menendez may want to come up with some ideas on how to grow oil on trees....but then again, we would never be able to cut them down.
Donna Griffin July 28, 2012 at 11:47 PM
George - When you can run your car on rainbows and sunshine, please let us know. Until then, stop driving, do not heat your home....and buy nothing that has been transported by any vehicle requiring an oil-based fuel. Until then, your commentary may come across as tough guy....but it's extraordinarily unintelligent.
JackPot July 28, 2012 at 11:49 PM
'Last Term' Menendez is an even greater threat.
Bill Storm, July 29, 2012 at 10:58 AM
Menendez is in the pockets of OIL SPECULATORS, as are most politicians. They can keep raising prices as long as no additional oil is available. Once additional oil wells are on line they lose thier profit because the price per barrel drops.
ikidunot July 29, 2012 at 02:05 PM
@Nancy, you're right there is no shortage of oil or oil products. If there were, there would be lines at the gas pump. And yes, it is about greed for profit at any price and at any cost.. @Donna Griffin, You're unintelligent rant about 2 cents per gallon being the profit margin for gasoline producers shows how good both the political and corporate machines are at convincing the uneducated to come to the rescue of their cause. There are dollars, not cents, involved in the selling of oil and gasoline and all commodities for that matter. Get an education about the commodification process, then comment on the process after you've learned how it works.
Ann Powers July 29, 2012 at 03:45 PM
If Menendez is against it, it must be good for the general public. All he cares about is making sure the Democratic Party continues its stranglehold on America, esp. in New Jersey where I pray that people are finally getting smart. Oh yes, I almost forgot: Menendez cares about anything to do with the Hispanic community. VOTE HIM OUT.
Ann Powers July 29, 2012 at 03:46 PM
Your comment explains your user name.
bg robbins July 29, 2012 at 04:02 PM
Most scientists studying global climate change agree it is caused by burning fossil fuels ...... 25 years from now when most of the Jersey shore is experiencing flooding at every high tide and billions are needed to construct sea walls, people will look back and realize just how stubborn and irresponsible our generation was.
Chu-Man-Fu July 29, 2012 at 04:15 PM
Aledgedly, we have more oil in this country than in the entire middle east. However, it remains untapped largely because of Environmental Activists and N.I.M.B.Y.'s (not in my back yard). Domestic oil sources can be, and is for the most part, responsibly handled. Yet we continue to pump Billions of Dollars into countries that wish nothing more than to see the demise of the U.S.A. and their dreams are being realized daily. We need to wake up and go back to the days of AMERICA and it's People : First and foremost !!!!! Start capitalizing on our own resources, stop sending $$ to other countries, especially those who hate us, and close the borders. "Knock down the Outhouse (a.k.a. our government officials) and put in some decent waste handling facilities." You can do that by voting the incumbents OUT in November. Remember, It is government of the people, for the people, by the people. (Not sure of the order but you get the jist) IT IS NOT: government of the people, for the people, by ME because I know what's best for the people !!!!
Chu-Man-Fu July 29, 2012 at 04:26 PM
I have to disagree with the "Greed" of the big corporations - Please see my additional independent post at the end of this article - and for what it is worth I worked in the refining / marketing / transportation business for well over 30 years. The gas station just outside the door of my office at the refinery was always $0.20 per gallon higher than in Toms River 60 miles away and they were supplied from the same bulk storage facility! Supply, Demand, and convenience are all factored into the price.
Chu-Man-Fu July 29, 2012 at 04:30 PM
Good old bi-lingual bob - PUTZ !!!
Penturner July 29, 2012 at 04:55 PM
The oil spilled, they cleaned it up and now the shrimp are safe to eat. The gulf self cleaned itself for the most part. It would be noice to never have an oil spill, but you got to do what you got to do
Donna Griffin July 29, 2012 at 05:26 PM
iki
Donna Griffin July 29, 2012 at 05:35 PM
iki - From the sound of it, I would hazard to guess that profit of any amount is unacceptable to your socialist leaning philosophy. What do you think a company should be able to earn and keep after taking the financial risks of oil discovery and production? Should a company/small business only be permitted to break even? Better still, what portion of income should a wage earner be able to keep from the greedy hands of a centralized, overspending, unaccountable, oftentimes corrupt government? Please state those limits for us and then we can all proclaim you as "genius!"
ikidunot July 29, 2012 at 06:02 PM
@Donna, I can sense your complete unhappiness with my comment about your lack of intelligence based 2 cent per gallon profit margin for gasoline for oil companies rant. I'm not sure what to say about your uneducated claim of someone being a socialist because they disagree with your view. As far as that goes, the best advice I could offer is, don't "hazard" a guess at anyone. But first, get educated about energy markets and commodities exchanges and how they work for and against everyone. Markets should be based on sound economic principles. The commodities market certainly isn't. So, for entertainment purposes, lets say it costs $9 per barrel to explore for, drill for, extract, and ship a barrel of WTI oil from point A to point B. If it trades for $90 plus per barrel, is that an obscene profit based on sound economic principles? Or is it based on something else? When the Saudi Oil Minister claims "there is no reason for WTI oil to trade above $45 per barrel in this environment", there is something wrong. After all, they are the largest producer of the commodity on the planet. Knowing first hand is always best. Ask yourself a few questions, Where is oil traded? Who holds the most paper? Who sets the price?
Donna Griffin July 29, 2012 at 07:30 PM
iki - Soooo enlightened now! I'll be sure to correct Daily Markets report because you say so. Question being posed, however, is do we drill off the coast of New Jersey? You've touted a lot of "information" but haven't clearly communicated your position on the point of the senator's position. My point was that the Senator has chutzpah in alluding to "big" oil when "big" government is feeding at the trough of those companies' profits. Additionally, if Venezuela and Russia are exploring off the coast of Cuba, why allow that resource to be siphoned out right from under us?
ikidunot July 29, 2012 at 07:58 PM
@Donna, if you choose to believe Grace Cheng and Daily Market, then that is your choice. Even if it is all yellow journalism they espouse. As far as your geopolitical question about drilling off of the coast of New Jersey, I would take the same position that Governor Christie has taken. The answer is no. It's not worth the cost. It may not sound as popular as "drill baby drill", and unfortunately for the republican governor he is in agreement with the democratic senator. It's the same position that has been taken about fracking in this state. And just so you know, having a friend who travels around this country setting up fracking operations has told me, "I do it for the fact it's a job, and believe me when I tell you, you don't want that going on here"...
Donna Griffin July 29, 2012 at 09:21 PM
iki - I live in an oceanfront town and have no problem with drilling off our coast. I'm not sure how "we can't afford it" makes any sense. Can we afford not to become energy independent? I'm not keen on Oyster Creek either, but I sure do like hitting a switch and seeing lights come on. It seems that those states that have liberal exploration/energy production policies, i.e. North Dakota, have extremely low unemployment rates and healthy economies. I'm not sure that anyone can argue how energy independence will make our economy worse (sorry, Governor). To argue the "not in my backyard" position is flat out unintelligent. Again, Venezuela and Russia will be doing it within a few miles of Florida....depleting resources right out from under us. Oil spill contamination does not respect national borders and wouldn't know to stop at the first sight of the Florida Keys. If it's the environment everyone is concerned about, how is it authentically "green" to want to protect ONLY the environment near your own home? I'm not opposed to wind or solar energy either, but until my car can travel more that 50 miles on electricity ( a National Academy of Sciences report considers hybrids worse for the environment than gas-powered vehicles btw) or a solar panel can lift a 757 jet off the ground, we are married to oil. Not to mention, I trust our exploration processes & oversight a lot more than Cuba's.
ikidunot July 29, 2012 at 11:05 PM
@Donna, There is more gas and oil on the market today than at any time in history. Since 2008 consumption is down 35% globally. The theories of supply and demand mean nothing now. As any honest energy analyst will admit, the energy commodities markets are constantly manipulated to meet the growing needs of the financial industry, not the consumer. It's called financial engineering. Have you ever heard of the Euler Scale Theorums? Have you ever wondered why so many top engineering school students are recruited into Wall$treet firms that handle commodities trading? To think that drilling for more oil will somehow bring down prices by flooding an already flooded market, is being naiive. Besides, if that was the case, prices would be $32 per barrel for WTI oil and $1.30 retail in NJ for a gallon of regular gas. Which, by the way, is the true value of oil based on the 2008 market collapse. To think that this country will ever be "energy independent" is believing in a fairy tale. Do you really think that will ever be allowed to happen? Remember the "terror alert color codes" that used to be plastered all over the place a few years ago? "Fight terrorists over there so that we don't have to fight them here" slogan? Energy companies are using those same old scare tactics. The only proof you need of that, is how "Iran is going to attack in the Persian Gulf". The "Iran premium" placed by Wall$treet on each barrel of oil is $40, no matter where the oil comes from. Please, wake up.
So Much to Say July 29, 2012 at 11:11 PM
@Ann, Yesterday he was Constipated Liberal. I agree with you 200%. He can change his name but not that UGLY face.
Frank James August 15, 2012 at 11:20 AM
Get rid of these worthless Corzine Democrats and that bum in the Whitehouse .
Dave Sleeper September 23, 2012 at 02:22 PM
Oh yeah, fat chance. Everybody's going to go to Coney Island because we have oil rigs off of Seaside? An oil rig would be the cleanest thing on that boardwalk. We could make it into a ride. Call it "The Screaming Menendez". You wouldn't need a ticket to get on. Just an entitlement. Vote the clowns out.

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