This survey reports that U.S. energy policy is on the wrong track and concerns about short-range political policy-setting and access to reserves. Short-range decision-making by politicians is the biggest obstacle to creating meaningful policies to secure reliable and affordable energy, according to this survey of U.S. oil and gas industry leaders. Nearly four out of five industry leaders surveyed said government energy policies were not headed in the right direction. Fully two-out-of-three respondents said policy concerns, notably environmental and other restrictive policies that block access to new energy projects and supplies, are the number-one energy issue facing America today. “Geopolitical challenges to accessing critical oil and gas reserves are a top concern for the industry. This inability to access reserves, combined with growing global demand, is ultimately responsible for high and rising oil prices,” said Richard Woodward.

Deloitte surveyed more than 100 executives and managers in the U.S. oil and gas industry in November 2006.

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