U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 07-11-2012, 03:57 PM
 
29,409 posts, read 20,967,966 times
Reputation: 5447

Advertisements

The destruction of our energy sector marches on.

But since taking office, Mr. Obama and Mr. Salazar have worked to restrict access to our offshore oil and gas resources by canceling lease sales, delaying others and creating an atmosphere of uncertainty about America’s future offshore development that has left job creators looking for other countries’ waters to host their offshore rigs. More than 3 1/2 years into the Obama regime, nearly 86 billion barrels of undiscovered oil on the Outer Continental Shelf remain off-limits to Americans. Alaska alone has about 24 billion barrels of oil in unleased federal waters. The Commonwealth of Virginia - where Mr. Obama has reversed policies that would have allowed offshore development - is home to 130 million barrels of offshore oil and 1.14 trillion cubic feet of natural gas. But thanks to the president, Virginians will have to wait at least another five years before they can begin creating the jobs that will unlock their offshore resources.
Once you add those restrictions to the vast amount of shale oil that is being blocked, the administration has embargoed nearly 200 years of domestic oil supply. No wonder the administration wanted to slip its plan for the OCS under the radar when the whole country was focused on the health care decision.
But facts are stubborn things, and the Obama administration cannot run forever from its abysmal energy record. In the past three years, the government has collected more than 250 times less revenue from offshore lease sales than it did during the last year of the George W. Bush administration - down from $9.48 billion in 2008 to a paltry $36 million last year. Meanwhile, oil production on federal lands dropped 13 percent last year, and the number of annual leases is down more than 50 percent from the Clinton era.


PYLE: Energy Department sneaks offshore moratorium past public - Washington Times
Rate this post positively Reply With Quote Quick reply to this message

 
Old 07-11-2012, 04:05 PM
 
Location: Eastern NC
20,871 posts, read 21,540,853 times
Reputation: 18774
Good.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-11-2012, 04:06 PM
 
5,787 posts, read 4,454,701 times
Reputation: 850
Well , Obama figured the Democrats are full of enough hot air and bullocks to make the USA energy independent for years!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-11-2012, 05:01 PM
 
Location: Great State of Texas
86,052 posts, read 80,309,800 times
Reputation: 27688
Quote:
Originally Posted by jt800 View Post
Well , Obama figured the Democrats are full of enough hot air and bullocks to make the USA energy independent for years!
Well that will only work if we can find a company to invest in that doesn't declare bankruptcy months later
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads

All times are GMT -6. The time now is 11:39 PM.

© 2005-2022, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top