Obama is Strangling Big Oil -$7 a gallon gas anyone?

July 7, 2010 04:19


Connect the dots of what has occurred in just the past two weeks to deep-water oil drilling, shallow-water drilling and oil refining. The effect is the same. Barack Obama is shutting down Big Oil.

By Jane Jamison at American Thinker


There was no “official” announcement. Not in so many words. Connect the dots of what has occurred in just the past two weeks to deep-water oil drilling, shallow-water drilling and oil refining. The effect is the same. Barack Obama is shutting down Big Oil.

One of the first actions taken by the President after the British Petroleum oil leak began was to announce a six-month moratorium on all “deep-water” (deeper than 500 feet) drilling. That immediately affected 33 oil rigs and more than 120,000 oil and related jobs. The industry has an estimated $3 billion impact on the Gulf economy.

The executive order, from Secretary of the Interior Ken Salazar-via-Obama, was taken to court by drilling companies. It was quickly enjoined by U.S. District judge Martin Feldman, who wrote a harshly-worded opinion critical of the Energy Department’s lack of scientific basis for such an over-reaching reaction.

Not to be dissuaded by such trivialities as a federal court judge’s ruling, what did Obama do? It was announced immediately that an appeal would be made, even though Democrat elected officials such as Sen. Mary Landrieu (D-La.) oppose the moratorium as a jobs-killer.

The Energy Secretary said he would make a new, re-worded moratorium on deep-drilling. In other words, the Obama administration would simply ignore the will of the court.

After the court’s June 22 ruling, under questioning the next day from the Senate interior appropriations committee, Secretary Salazar disagreed with senators who said the moratorium could impact the Gulf states more drastically than the oil spill itself. He made it clear that day, the deep wells will be shut down, no matter what.

Salazar’s “new” moratorium has yet to issue, but it may not matter. In stealth mode, the administration is attacking other aspects of the oil industry.

FULL STORY



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