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Posts Tagged ‘Oil’
March 21st, 2011 at 9:48 pm
Obama Comes Out in Favor of Oil Exploration … in Brazil
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As developments in the Middle East and a wayward monetary policy send gas prices consistently north, President Obama — no friend of hydrocarbons he — seems to be turning over a new leaf on the topic of oil exploration. The only problem? He wants other countries to do the heavy lifting so that we can then import the black gold. An editorial in today’s Investor’s Business Daily has the POTUS dead to rights:

Now, with a seven-year offshore drilling ban in effect off of both coasts, on Alaska’s continental shelf and in much of the Gulf of Mexico — and a de facto moratorium covering the rest — Obama tells the Brazilians:

“We want to help you with the technology and support to develop these oil reserves safely. And when you’re ready to start selling, we want to be one of your best customers.”

Obama wants to develop Brazilian offshore oil to help the Brazilian economy create jobs for Brazilian workers while Americans are left unemployed in the face of skyrocketing energy prices by an administration that despises fossil fuels as a threat to the environment and wants to increase our dependency on foreign oil.

Despite some of the more emotional pleas for energy independence, there’s nothing inherently wrong with importing fuel from foreign sources. In fact, developing new oil production anywhere lowers the price everywhere. However, someone might want to tell President Obama that this maxim applies to U.S. sources as well.

March 11th, 2011 at 12:22 pm
Soaring Gas Prices Inspire Republicans to Invest, Democrats to Spend

As if we needed another issue to highlight the differences between conservatives and liberals, the skyrocketing price of gasoline is showing each side’s true colors.

Fox News reports that House Speaker John Boehner (R-OH) wants to put forward several ‘bite-sized’ bills to expand domestic energy production through increased oil drilling, easier permitting, and promoting nuclear power plant construction.  (The piecemeal legislation is also intended to be a jab at Democrats’ penchant for ‘comprehensive’ legislative fixes.)

Liberals like Ed Markey (D-MA) want to tap into the Strategic Petroleum Reserve to drop prices by increasing supply.

How brazenly foolish.  As usual, liberals want to blow a savings account instead of increasing their revenue streams.  Shattering the nation’s energy piggy bank isn’t a solution to the problem – it’s a delaying tactic that puts off the hard decisions until later.

The time for stop-gap measures is over.  If liberals continue to show a genetic inability to create sustainable budget and energy policies, conservatives should bypass them and get America back on a sound footing.

July 15th, 2010 at 5:53 pm
Phone Book and Faculty Agree: Obama’s Drilling Moratorium a Bad Idea
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William F. Buckley, Jr. famously said that he’d rather be governed by the first 400 names in the Boston phonebook than by the Harvard faculty.

Every so often, however, the phone book and the faculty actually agree.  According to a new Bloomberg poll, a remarkable 73% of respondents oppose our supposed philosopher-king Barack Obama’s drilling moratorium.  What makes this remarkable is that approximately three-quarters of the American public, which very rarely seems to find consensus on anything these days, just doesn’t buy Obama’s constant drumbeat of scapegoating the oil industry, “deregulation” or the previous administration.  What makes this even more remarkable, however, is that Obama’s own appointed “experts” agree with everyday citizens.  As noted in yesterday’s Wall Street Journal, the hyper-partisan investigatory panel selected by Obama himself expresses skepticism toward his moratorium.

Add the fact that two separate courts have rejected the Obama Administration’s ill-advised moratorium, which is jeopardizing even more jobs in that hard-hit region, and we’re approaching unanimity against the self-professed “bridge-builder” Obama.

July 6th, 2010 at 10:25 am
Headline: “Obama Decried, Then Used, Some Bush Drilling Policies”
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Hypocrisy in a president is shameful enough.  But combining that hypocrisy with outright dishonesty is inexcusable.

Compare a front-page headline from today’s Wall Street Journal versus President Obama’s speech from the Oval Office regarding the Gulf oil spill.  In his June 15 speech, Obama descended into his usual habit of scapegoating the allegedly “deregulatory” Bush administration and falsely attempting to distinguish his own:

Over the last decade, [the federal Minerals Management Service] has become emblematic of a failed philosophy that views all regulation with hostility — a philosophy that says corporations should be allowed to play by their own rules and police themselves…  When Ken Salazar became my Secretary of the Interior, one of his very first acts was to clean up the worst of the corruption at this agency.  But it’s now clear that the problem there ran much deeper, and the pace of reform was just too slow.  And so Secretary Salazar and I are bringing in new leadership at the agency…  So one of the lessons we’ve learned from this spill is that we need better regulations, better safety standards, and better enforcement when it comes to offshore drilling.  But a larger lesson is that no matter how much we improve our regulation of the industry, drilling for oil these days entails greater risk.”

But that’s not true.  According to a front-page report from today’s Wall Street Journal entitled “Obama Decried, Then Used, Some Bush Drilling Policies,” the Obama White House urged a federal court of appeals to reverse its environmental risk analysis and allow Gulf oil drilling to proceed:

Less than four months after President Barack Obama took office, his new administration received a forceful warning about the dangers of offshore drilling.  The alarm was rung by a federal appeals court in Washington, D.C., which found that the government was unprepared for a major spill at sea…  Despite its pro-environment pledges, the Obama administration urged the court to revisit the decision.”

The appellate court did reverse its previous ruling, allowing more Gulf drilling to proceed.  That includes BP’s well.

Obama’s halting leadership style sows economic uncertainty at home and international menace abroad.  His increasing dishonesty, however, creates an even more disturbing spectre haunting the nation.

July 1st, 2010 at 1:19 pm
BP and the Obama Agenda
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Today’s BigGovernment.com queue includes our commentary on the disturbingly cozy marriage of convenience between BP and the Obama Administration.

BP and the Obama Agenda

By Timothy H. Lee

For years, liberals in Washington have tirelessly thwarted America from tapping its domestic sources of energy, while hypocritically lamenting our “addiction to foreign oil.” They have forsworn abundant energy supplies just off our coasts and erected boundaries against drilling and energy development right here at home. The unfortunate effect of their effort is to unnecessarily drive exploration further and further offshore, to deeper and deeper depths.

Suddenly, those same forces are forging a marriage of convenience with BP to scapegoat the entire energy industry for BP’s individualized failures. In his Oval Office speech to the nation, for instance, President Obama resorted to sloppy slurs against “oil industry lobbyists” and “an entire way of life being threatened by a menacing cloud of black crude.” …

Read the entire piece here.

May 4th, 2010 at 12:03 pm
Violent Rhetoric from the White House?

Press Secretary Robert Gibbs said Monday that the White House will put its “boot on the throat of BP” to make certain the oil company takes all necessary measures to control the spill and minimize its effects in the Gulf.

The image evoked by Mr. Gibbs is one of the harshest I’ve seen used by the White House against a private organization. Not even Wall Street has been so rebuked. Come to think of it, this administration hasn’t used such language against a sworn enemy like Iran. Stop and think about the image Mr. Gibbs invokes. The boot belongs to the party in power, the White House, while the choking and gasping wind-pipe belongs to BP.

Of course BP is worthy of a tough reprimand and should be held responsible for its role in the Gulf disaster. It’s just unnerving when those in power use such intimidating language when talking about a civil matter.

And it’s the Tea Parties that are accused of over-the-top language?