Posted on 06/15/2010 4:04:32 AM PDT by Scanian
The Gulf oil spill that's so bedeviling President Obama has its roots back in the Clinton years.
In 1995, President Bill Clinton signed the Outer Continental Shelf Deepwater Royalty Relief Act, which exempted oil wells drilled deep in the Gulf from the normal royalty payments to the government.
Usually, these payments amount to between 12 percent and 16 percent of their revenues, so the exemption did a great deal to catalyze drilling in deep waters in the Gulf of Mexico.
The Deepwater Horizon well, where drilling began in 2001, was one of those catalyzed by the Clinton legislation. Overall, deepwater oil production in the Gulf shot up from 42 million barrels in 1996 to 348 million in 2004.
The latter figure represents about 6 percent of total US oil consumption and about 15 percent of domestic production. Natural-gas production from deepwater Gulf drilling increased tenfold during the same period.
(Excerpt) Read more at nypost.com ...
between the oil spill, the financial regulations....
Clinton = the gift that keeps on giving
Stay away from Fort Marcy Park, Dick.
LLS
Where there continuing royalty payments to the DNC
and US Congressmen directly, instead of the US govt?
How many bribes? What was the continuing quid pro quo?
These facts won’t be getting in the way of the msm lies.
He will push his ‘shut’ down of the rigs for ‘green’ reasons, owes this wacko bunch big time, to hell with us.
and NALCO investors.
I hate to throw cold water on this but wasn't the Repubs in control of Congress in 1995?
read
Part of the reduction in royalty rate is logically based on the fact that it costs more to produce oil in deep water and the government wanted that oil produced. Environmental policies that stop oil drilling where it is easier, but lord forbid visible to the public, are the root cause of this predictable accident. John Galls book Systemantics contains the following axiom; When a Fail Safe system Fails it Fails by Failing to Fail Safely. This is a good example, the Blow out Preventer did not prevent the blow out. Stuff happens. Pointing fingers doesn’t help to clean up the mess.
The idea that this is the "fault" of one particular group of politicians is ridiculous.
The fault goes back to Nixon and Ruckelshaus, and their unconstitutional Environmental Protection Act. After them, there is enough blame to cover both parties in ten miles of sludge, and then to bury their bodies at Love Canal.
Sponsor:
Rep. William Tauzin [D-LA3]
Cosponsors:
Wayne Allard [R-CO4]
Bill Archer [R-TX7]
Richard Baker [R-LA6]
Joe Barton [R-TX6]
Henry Bonilla [R-TX23]
William Brewster [D-OK3]
Barbara Cubin [R-WY]
Calvin Dooley [D-CA20]
Jack Fields [R-TX8]
Jonas Frost [D-TX24]
Doc Hastings [R-WA4]
James Hayes [D-LA7]
This sounds like a classic bipartisan bill. The Repubs like it from a free market standpoint, and the Dems like it because it appeases the enviros because it encourages exploration further out to sea.
We are now experiencing the destruction whose foundations were put in place by Clintoon and Carter (the CRE).
One can only imagine the horrific consequences of the current fakakta administration’s policies for decades to come.
Agreed. My point was that the Repubs made the bill and Clinton signed it. Bipartisan gang rape! Yet, it was the FedGov who made the problem, via EPA (bi-partison creation), and the FedGov who compunded the problem by encouraging deep water drilling. Now the FedGov is going to try to solve the problem. Ahhhhhhhhhhhh! Thus, my tagline!
“They are responsible for Katrina... they built the levees with their Long family corruption and good old boy contract world
The Times-Picayune
Corps chief admits to ‘design failure’
Thursday, April 06, 2006
By Bill Walsh
Washington bureau
WASHINGTON — In the closest thing yet to a mea culpa, the commander of the Army Corps of Engineers acknowledged Wednesday that a “design failure” led to the breach of the 17th Street Canal levee that flooded much of the city during Hurricane Katrina.
Lt. Gen. Carl Strock told a Senate committee that the corps neglected to consider the possibility that floodwalls atop the 17th Street Canal levee would lurch away from their footings under significant water pressure and eat away at the earthen barriers below.
“We did not account for that occurring,” Strock said after the Senate Appropriations subcommittee hearing. “It could be called a design failure.”
A botched design has long been suspected by independent forensic engineers probing the levee failures. A panel of engineering experts confirmed it last month in a report saying the “I-wall” design could not withstand the force of the rising water in the canal and triggered the breach.
But until Wednesday the corps, which designed and oversaw construction of the levees, had not explicitly taken responsibility for the mistake.
“We have now concluded we had problems with the design of the structure,” Strock told members of the subcommittee that finances corps operations. “We had hoped that wasn’t the case, but we recognize it is the reality.”
Eric Holder has his lawyers down in the Gulf trying to get a handle on how much oil has leaked so that they can collect royalties from BP? ROFL!
Thank you so much.
LLS
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.