Green Energy
...as to how much economic damage his ban on offshore oil drilling can cause?
From Yid With Lid:
- Great News… Obama Suspends Laws Of Economics!
Obama: “We Can’t Just Drill Our Way To Lower Gas Prices”As usual, politicians have been rolling out their three-point plans for two-dollar gas: drill, drill, and drill some more. Well, my response is, we have been drilling.Feb 3, 2011U.S. in Contempt...
- 1st The Ca Pipeline Is Delayed/cancelled Killing 20k Jobs And Now, 204,000 Jobs Are Flushed By Obama Over Shale Gas
WS:President Obama’s United States Department of Agriculture has delayed shale gas drilling in Ohio for up to six months by cancelling a mineral lease auction for Wayne National Forest (WNF). The move was taken in deference to environmentalists, on...
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Offshore Energy Leases Fall from $10 Billion to Zero Under Team Obama But, of course, he is trying to help get us out of The Recession, right? From Will at The Other News: Even as the Obama administration postures on behalf of deficit reduction...
- Off-shore Oil-drilling, Obama, Soros, Petrobas: Connecting The Dots
From the Astute Bloggers: DOT #1: WSJ: Obama Underwrites Offshore Drilling Too bad it's not in U.S. waters. You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil. The U.S. is going to lend...
- Speaking Of Drilling, We Don't Even Have The Exploratory Drilling Ships..call Samsung?
NYT - As President Bush calls for repealing a ban on drilling off most of the coast of the United States, a shortage of ships used for deep-water offshore drilling promises to impede any rapid turnaround in oil exploration and supply. Demand...
Green Energy
Does Obama Have A Clue...
...as to how much economic damage his ban on offshore oil drilling can cause?
From Yid With Lid:
According to the Wood Mackenzie Research and Consulting show the six month moratorium will result in the following consequences:Furthermore:* The 33 drilling platforms which support some 1,400 workers, offshore and onshore will be forced to shut down
* As many as 46,200 jobs could be idled by the moratorium
* These are well-paying jobs – $5-10 million per month, per platform in lost wages
* Long-term job losses as a result of the moratorium could reach 120,000 by 2014
* The State of Louisiana estimates that the deep-water drilling suspension will result in a loss of 3,000-6,000 in-state jobs in the first 2-3 weeks and potentially more than 20,000 Louisiana jobs within the next 12-18 months. Louisiana estimates that if the suspension of deep-water drilling activity continues for long period, the state could lose more than $20,000 in the next 12-18 months.
[P]reventing offshore oil exploration makes the US more dependent on foreign oil and reduces state revenue during a time when states have an “over-spending” problem...As Yid With Lid commented:
So if his freeze is hurting the economy why is the President going ahead with the freeze? I submit to you that he doesn't know what else to do. The president has been running the country be finding scape goats. During the porkulus it was the likes of Rush Limbaugh, for cap and trade it was big oil, then the health care bill came up and it was those evil insurance companies followed by those big bad banks. This is a president who doesn't know how to lead only knows how to tear things down. Now the evil ones are BP, Big Oil, off shore drilling and anyone who thinks global warming is a fraud. This president does not know how to lead, to build a consensus, to get people behind a program, sadly all he knows how to do, is to create barriers and call people names.The Obama administration is an epic fail. Can America survive this failure?
- Great News… Obama Suspends Laws Of Economics!
Obama: “We Can’t Just Drill Our Way To Lower Gas Prices”As usual, politicians have been rolling out their three-point plans for two-dollar gas: drill, drill, and drill some more. Well, my response is, we have been drilling.Feb 3, 2011U.S. in Contempt...
- 1st The Ca Pipeline Is Delayed/cancelled Killing 20k Jobs And Now, 204,000 Jobs Are Flushed By Obama Over Shale Gas
WS:President Obama’s United States Department of Agriculture has delayed shale gas drilling in Ohio for up to six months by cancelling a mineral lease auction for Wayne National Forest (WNF). The move was taken in deference to environmentalists, on...
-
Offshore Energy Leases Fall from $10 Billion to Zero Under Team Obama But, of course, he is trying to help get us out of The Recession, right? From Will at The Other News: Even as the Obama administration postures on behalf of deficit reduction...
- Off-shore Oil-drilling, Obama, Soros, Petrobas: Connecting The Dots
From the Astute Bloggers: DOT #1: WSJ: Obama Underwrites Offshore Drilling Too bad it's not in U.S. waters. You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil. The U.S. is going to lend...
- Speaking Of Drilling, We Don't Even Have The Exploratory Drilling Ships..call Samsung?
NYT - As President Bush calls for repealing a ban on drilling off most of the coast of the United States, a shortage of ships used for deep-water offshore drilling promises to impede any rapid turnaround in oil exploration and supply. Demand...