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Keyword: 7dollargas

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  • Obama Kills Atlantic Offshore Drilling For Five Years

    03/30/2012 1:27:16 PM PDT · by trappedincanuckistan · 87 replies
    Big Government ^ | March 30, 2012 | John Sexton
    Yesterday the Obama administration announced a delaying tactic which will put off the possibility of new offshore oil drilling on the Atlantic coast for at least five years: The announcement by the Interior Department sets into motion what will be at least a five year environmental survey to determine whether and where oil production might occur.
  • Chu backpedals on call for higher gas prices (Too late)

    03/13/2012 6:34:55 PM PDT · by tobyhill · 33 replies · 1+ views
    Fox News ^ | 3/13/2012 | Ed Henry
    What a difference a week makes for President Obama, as rising gas prices put more and more pressure on his administration. Last Tuesday at a news conference, the president insisted to Fox News that it was fallacy to think his team was in favor of higher gas prices to wean Americans off fossil fuels. "You think the president of the United States going into reelection wants gas prices to go up higher?" the president asked. "Is that -- is there anybody here who thinks that makes a lot of sense?" Fast forward to this week, when the president's Energy Secretary...
  • Obama's Approval Rate Plunges Due To Gas Prices

    03/12/2012 3:57:31 AM PDT · by Past Your Eyes · 179 replies · 7+ views
    Asia One News ^ | March 12, 2012 | AFP
    WASHINGTON - US President Barack Obama's job approval rating, weighed down by soaring gas prices, has plunged below 50 per cent, giving his political opponents what appears to be an opening in the November election, a new opinion poll showed. The survey by ABC News and The Washington Post indicated that only 46 per cent of Americans now approved of the way Obama is handling his job and 50 per cent disapproved. The situation was a reversal from early February when 50 per cent approved of the president's performance and 46 per cent disapproved. According to the survey, the drop...
  • Obama says he wants lower gas prices

    03/06/2012 1:45:26 PM PST · by Cincinatus' Wife · 44 replies
    CBS News ^ | March 6, 2012 | Stephanie Condon
    CBS News) President Obama on Tuesday scoffed at the notion he wants higher gas prices, as some of his critics claim. Asked about the charge at his first formal White House press conference of the year, Mr. Obama replied to Fox News correspondent Ed Henry's question with a question of his own. "From a political perspective, do you think the president of the United States going into re-election wants gas prices to go up higher? Is there anybody here who thinks that makes a lot of sense?" Presidents of both parties have historically considered it harder to get votes if...
  • Tensions raise specter of gas at $5 a gallon

    03/01/2012 4:23:29 PM PST · by tobyhill · 26 replies · 13+ views
    ny times ^ | 3/1/2012 | CLIFFORD KRAUSS / ny times
    Gasoline for $5 a gallon? The possibility is hardly far-fetched. With no clear end to tensions with Iran and Syria and rising demand from countries like China, gas prices are already at record highs for the winter months — averaging $4.32 in California and $3.73 a gallon nationally on Wednesday, according to AAA’s Daily Fuel Gauge Report. As summer approaches, demand for gasoline rises, typically pushing prices up around 20 cents a gallon. And gas prices could rise another 50 cents a gallon or more, analysts say, if the diplomatic and economic standoff over Iran’s nuclear ambitions escalates into military...
  • Obama administration vows inaction on rising gas prices

    03/01/2012 4:00:31 PM PST · by Kaslin · 14 replies · 7+ views
    IBD Editorials ^ | March 1, 2012 | Andrew Malcom
    Finally, after weeks of historically high seasonal gas prices that are squeezing the budgets of millions of Americans, the Obama administration has provided its answer about the fuel's future and relief. Energy Secy. Stephen Chu was asked in a House hearing this week if "the overall goal (of President Obama) is to get our price lower?" Chu replied, "No." He added, "The overall goal is to decrease our dependency on oil." Actually, Chu let the administration's real agenda out of the bag back in December of 2008, hours after being named Energy secretary. Raise gas prices high enough to make...
  • Chu: DOE working to wean U.S. off oil, not lower prices

    02/29/2012 4:30:37 AM PST · by tobyhill · 76 replies · 2+ views
    Politico ^ | 2/28/2012 | By ALEX GUILLEN
    The Energy Department isn’t working to lower gasoline prices directly, Secretary Steven Chu said Tuesday after a Republican lawmaker scolded him for his now-infamous 2008 comment that gas prices in the U.S. should be as high as in Europe. Instead, DOE is working to promote alternatives such as biofuels and electric vehicles, Chu told House appropriators during a hearing on DOE’s budget. But Americans need relief now, Rep. Alan Nunnelee (R-Miss.) said — not high gasoline prices that could eventually push them to alternatives. “I can’t look at motivations. I have to look at results. And under this administration the...
  • 'Stupid' and Oil Prices - Obama's Forest Gump Anaylsis of Rising Oil Prices

    02/24/2012 8:40:30 AM PST · by Arcy · 19 replies · 1+ views
    The Wall Street Journal ^ | 2-24-2012 | Review and Outlook
    'The American people aren't stupid," thundered President Obama yesterday in Miami, ridiculing Republicans who are blaming him for rising gasoline prices. Let's hope he's right, because not even Forrest Gump could believe the logic of what Mr. Obama is trying to sell. We'd almost feel sorry for Mr. Obama's gas-price predicament if it weren't a case of rough justice. The President has deliberately sought to raise the price of energy throughout the economy via his cap-and-trade agenda. He is now getting his wish, albeit a little too overtly for political comfort. Mr. Obama has also spent three years blaming George...
  • Trump: Gasoline to Hit $7 a Gallon This Year

    02/22/2012 2:07:50 PM PST · by robowombat · 98 replies
    Money News ^ | Tuesday, 21 Feb 2012 08:55 AM | Forrest Jones
    Gasoline prices could soar as high as $7 a gallon this summer thanks to supply threats stemming from Middle East unrest as well as OPEC policy, says real estate mogul Donald Trump. Iran has already cut off supply to France and to the U.K. to protest sanctions from the west, who accuse Tehran of developing a nuclear weapons program. U.S. military officials have said they feel they can ration with Iran, although fears are growing that Israel may consider a unilateral strike on Iran anyway, which is sending crude oil skyrocketing.
  • Obama, Forced To Choose, TiltsTowards Environmentalists {Republicans Pounce On Obama Keystoning}

    01/21/2012 6:35:58 PM PST · by SmithL · 15 replies
    Arutz Sheva - IsraelNationalNews ^ | 1/21/12 | Amiel Ungar
    President Barack Obama had sought to delay judgment on the approval of the Keystone XL pipeline project for carrying tar sands oil from Alberta in Canada down to the Gulf Coast refineries. Obama realized that this was a wedge issue for the Republicans. The environmentalists, a key component of the Obama coalition, strongly opposed the pipeline because they feared an environmental disaster and objected to the exploitation of tar sands as a source of energy. On the other hand, the pipeline would have created tens of thousands of jobs, a particularly sensitive topic in this year's elections. Additionally, Canadian oil...
  • Brazil Stiffs Obama on Oil Deal, Exposing President's Incompetence

    01/21/2012 3:26:40 PM PST · by NormsRevenge · 67 replies
    Yahoo ^ | 1/21/12 | Mark Whittington
    COMMENTARY | President Barack Obama has suffered the second embarrassment over oil imports within the space of a week. Brazil, whose offshore deposits of oil were sought by the Obama administration, has signed contracts with China for the product. According to the Washington Times, Brazilian offshore crude may number about 38 billion barrels. Obama went to Brazil last month to put in a bid for the oil, offering loans and other support to develop the oil in an "environmentally responsible matter," The Hill reported at the time. Republicans criticized that initiative, pointing out Obama has placed roadblocks in the way...
  • REPORT: State Department (Read, Obama) To Reject The Keystone Pipeline

    01/18/2012 9:11:26 AM PST · by MissesBush · 116 replies · 1+ views
    Business Insider ^ | 01/18/12 | Mamta Badkar
    The Obama administration is expected to reject the controversial Keystone Pipeline this afternoon, according to Fox News. The State Department is expected to vote against the pipeline this afternoon. Transcanada will however be allowed to reapply with an alternate route going through Nebraska. The administration will be unlikely to approve the pipeline under the timeline for the payroll tax cut extension law which requires a decision by February 21 The project has been extremely controversial for two main reasons. Those in favor of the pipeline point to the 8.5% unemployment rate, and point out that the pipeline could create much-needed...
  • Gas Prices Predicted To Be Up 40 Percent This Summer Compared To Last Year

    04/13/2011 6:16:14 AM PDT · by Red in Blue PA · 99 replies
    WASHINGTON - Gas prices are going up. And up. And up. And now, the Energy Department predicts the cost of gasoline this summer will be 40 percent more than last year. In the District of Columbia, the average price of regular unleaded jumped four cents a gallon between Monday and Tuesday. "I think it's all kind of a farce," says driver Kathryn Abate. "Because the oil prices have gone up a little, but not really to the extent that gas prices have. So it's just like a 'predicting' thing which I think is kind of unfair to consumers." The experts...
  • Energy Fantasyland

    03/24/2011 5:40:28 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | March 24, 2011 | Victor Davis Hanson
    Gas is well over $4 a gallon in most places in California -- and soaring elsewhere as well. But are such high energy prices good or bad? That should be a stupid question. Yet it is not when the Obama administration has stopped new domestic offshore oil exploration in many American waters, curbed oil leases in the West, and keeps oil-rich areas of Alaska exempt from drilling. Last week, President Obama went to Brazil and declared of that country's new offshore finds: "With the new oil finds off Brazil, President (Dilma) Rousseff has said that Brazil wants to be a...
  • The $4-Per-Gallon President

    03/15/2011 4:49:59 PM PDT · by Bratch · 68 replies
    Facebook ^ | March 15, 2011 | Sarah Palin
    Is it really any surprise that oil and gas prices are surging toward the record highs we saw in 2008 just prior to the economic collapse? Despite the President’s strange assertions in his press conference last week, his Administration is not a passive observer to the trends that have inflated oil prices to dangerous levels. His war on domestic oil and gas exploration and production has caused us pain at the pump, endangered our already sluggish economic recovery, and threatened our national security. The evidence of the President’s anti-drilling mentality and his culpability in the high gas prices hurting Americans...
  • Appeals court issues a stay on drilling ruling

    03/15/2011 3:27:49 PM PDT · by SmithL · 22 replies
    AP via SFGate ^ | 3/15/11
    New Orleans (AP) -- A federal appeals court has blocked a judge's order requiring regulators to act on several drilling permit applications. The federal government filed court documents earlier this month saying it may have to deny the applications if regulators must make a decision within 30 days as ordered.
  • Gas Prices Have Gone Up 67 Percent Since Obama Became President

    03/10/2011 8:42:02 AM PST · by defeat_the_dem_igods · 29 replies
    weeklystandard.com ^ | Mar 9, 2011 | MARK HEMINGWAY
    Ah, January of 2009. Hope was in the air, but more importantly, gas was under two dollars a gallon. Since then gas prices, have gone up 67 percent and it's an ominously upward trend. Interestingly enough, the Heritage Foundation also took a look at the first 26 months of Bush's presidency -- gas only rose 7 percent during that time frame.
  • “It Is Important For Us To Send Some Price Signals To Change Behavior” – Obama

    03/09/2011 9:09:37 AM PST · by Starman417 · 24 replies
    Flopping Aces ^ | 03-09-11 | Curt
    Obama said in 2007: [VIDEO AT SITE] or HERE"It is important for us to send some price signals to change behavior" "It's not going to be painless" He said one of the goals of his Cap and Trade was to ensure no one could build a coal powered plant, or if they did, it would bankrupt them. Now, we're all going bankrupt on rising gas prices: Gasoline prices are up again by double digits in all areas around the country compared to the week before. The national gasoline average is $.77 above the price this time last year. 77...
  • Obama Wants Higher Gas Prices

    03/05/2011 6:20:06 AM PST · by Son House · 30 replies · 3+ views
    Rush Limbaugh Show ^ | March 4, 2011 | Rush Limbaugh
    RUSH: As we pointed out yesterday, 15 stories, negative stories blaming Bush for the gasoline price rise in 2007 and 2008. One story on Obama for every 15 Bush stories. So the question becomes: Will the media ignoring the rise in gas prices be able to keep that from becoming a major factor in people's minds over the economy and Obama's role in it? Remember, now, everything is focused on the reelection in 2012. The regime is looking at 8% unemployment. That's what they're going to get if they could do it. If they can get there by manipulation they...
  • Interior Secretary Says White House Opposes Drilling in Arctic Because It Will Not Lead...

    03/04/2011 1:27:37 PM PST · by jazusamo · 72 replies
    CNSNews ^ | March 4, 2011 | Nicholas Ballasy
    Complete title: Interior Secretary Says White House Opposes Drilling in Arctic Because It Will Not Lead to Energy Independence VIDEO 2:09 minutes (CNSNews.com) - When asked why the Obama administration opposes drilling in the Arctic National Wildlife Refuge (ANWR) given the rising cost of gasoline, Interior Secretary Ken Salazar told CNSNews.com that the “drill, baby, drill program” is not going to lead the United States to energy independence. “We don’t believe that you need to drill everywhere and we don’t believe that the 'drill, baby, drill' program is the way that’s going to get us to the energy independence that...
  • Rising Gas Prices: All Signs Point to Obama

    03/01/2011 3:15:30 AM PST · by 2ndDivisionVet · 108 replies
    The Sunshine State News ^ | March 1, 2011 | Kenric Ward
    Media reports blame rising gasoline prices on Mideast turmoil, but industry analysts say the real reasons are closer to home -- at the White House and the Federal Reserve. President Barack Obama's moratorium on drilling and his anti-oil policies continue to rattle energy markets and fuel ongoing price hikes at the pump. And no one -- least of all Obama -- is surprised. On the campaign trail in 2008, then-candidate Obama called for cap-and-tax policies under which energy prices would "necessarily skyrocket." Studies have since questioned the environmental and economic value of such policies. Undaunted, the Obama administration canceled hundreds...
  • Editorial: $100 Oil Is Devil’s Due For Drilling Bans

    02/23/2011 4:58:46 PM PST · by Kaslin · 46 replies
    IBD Editorials ^ | February 23, 2011 | Staff
    Energy: President Obama talks much of moving to sustainable energy. But as he blocks domestic drilling, the reality is he’s outsourced U.S. oil needs to mad-dog dictators like Libya’s Moammar Gadhafi. That’s even less sustainable. Oil prices hit $100 a barrel Wednesday as thousands of Libyans marched in Tripoli. The crazed Gadhafi vowed to fight to "the last bullet," denouncing his own countrymen as "greasy rats" and turning his weapons of war on 1,000 of them. He also threatened to incinerate his nation's oil wells as he goes down, an unsubtle suggestion to Big Oil companies operating in his country...
  • U.S. Oil Output Down to a Trickle? (Gulf's contribution is dwindling)

    01/20/2011 7:39:16 AM PST · by Libloather · 38 replies
    Kiplinger ^ | 1/12/11 | Jim Patterson
    U.S. Oil Output Down to a Trickle?With permits to drill slowed down or in limbo, the Gulf's contribution is dwindling. By Jim Patterson, Associate Editor, The Kiplinger Letter January 12, 2011 Domestic oil production faces a long-term decline in the wake of curtailed offshore drilling in the Gulf of Mexico, stemming from the BP oil spill last year. In four to five years, a loss of several hundred thousand barrels a day from the Gulf is likely, enough to significantly boost U.S. reliance on imported oil. It's no surprise, really. New deepwater drilling has largely come to a standstill in...
  • The prez's new 150,000-jobs killer

    09/13/2010 9:57:44 AM PDT · by Hojczyk · 18 replies
    New York Post ^ | SEPTEMBER 13, 2010 | JOSEPH R. MASON
    The president and many in Congress are using this year's catastrophe in the Gulf to push for sweeping, unrelated measures that would punish not only the US oil and gas industry but the American economy as a whole. Just last week, President Obama explicitly targeted the industry for two massive tax hikes. First, he'd ban oil and gas companies from using the "Section 199" tax credit, a measure for domestic manufacturers enacted in 2004 to boost US employment. (The Senate is set to vote this week on its version of the ban.) Second, he wants to end "dual capacity" protection...
  • Drilling industry: Deep water rigs 'virtually gone' by November

    07/16/2010 8:32:17 AM PDT · by Qbert · 23 replies
    WWL.com ^ | 7/14/2010 | David Blake
    Industry experts say the latest deep water drilling moratorium issued by the White House has only fanned the flames of discontent by oil companies working in the Gulf. One analyst says there are new predictions on how fast the rigs might be pulling out and leaving the Gulf. Brian Petty with the International Association of Drilling Contractors says we should have a good idea of just how many rigs will be lost by Labor Day. According to Petty, the new so-called "softer" moratorium is actually harder on the industry than the first one
  • Government to impose new drilling ban today

    07/12/2010 12:59:10 PM PDT · by antiobamacare · 56 replies · 2+ views
    The Obama administration is set today to impose a new ban on deep-water drilling -- this time carefully rewritten in hopes of solving the problems that prompted a federal court to toss out the first attempt. An administration official confirmed the new moratorium -- likely to come in the form of a "notice to lessees" -- will be issued later today. The new directive is expected to replace NTL No. 4, the May 30 order that imposed the moratorium first announced by President Barack Obama three days earlier. The administration has lost three bids to preserve the ban in federal...
  • It Begins… First Oil Rig Relocates From Gulf to Foreign Waters

    07/11/2010 9:07:10 AM PDT · by opentalk · 25 replies
    Gateway Pundit ^ | July 10, 2010 | Jim Hoft
    Diamond Offshore announced on Friday that it will be the first company to relocate one of its oil rigs from the Gulf of Mexico to Egyptian waters due to the Obama Administration’s ban on drilling. Chron.com reported: Diamond Offshore announced Friday that its Ocean Endeavor drilling rig will leave the Gulf of Mexico and move to Egyptian waters immediately — making it the first to abandon the United States in the wake of the BP oil spill and a ban on deep-water drilling. And the Ocean Endeavor’s exodus probably won’t be the last, according to oil industry officials and Gulf...
  • Gulf disaster losses fueling rage: Obama's Gulf paymaster says don't underestimate local anger

    06/24/2010 9:23:21 PM PDT · by 2ndDivisionVet · 32 replies
    Before It's News ^ | June 21, 2010 | The Editor
    There a lot of angry people in the Gulf Coast. Loss of income, degraded quality of life and the dangers of long term exposure to dispersants and crude oil are setting the stage for a possible blow back from Gulf residents. Rumors of military/national guard build up in the region, unknown security personnel bullying residents and loss of personal security have generated a nasty cauldron of rage in the Gulf. When people's backs are against the wall, civility evaporates like a puddle in a desert heat wave. "Do not underestimate the emotionalism and the frustration and the anger of people...
  • Does The Gulf Spill Mean The U.S. Is Headed For Gas Lines, Higher Food Prices And A Broken Economy?

    06/23/2010 7:16:54 AM PDT · by blam · 36 replies
    The Business Insider ^ | 6-23-2010 | Michael Snyder
    Does The Gulf Spill Mean The U.S. Is Headed For Gas Lines, Higher Food Prices And A Broken Economy? Michael Snyder Jun. 23, 2010, 6:09 AM As the Gulf of Mexico oil spill crisis enters a third month, the economic impact of this environmental nightmare is starting to become clearer. The truth is that the "oil volcano" spewing massive amounts of oil into the Gulf has absolutely decimated the seafood, tourism and real estate industries along the Gulf coast. Not only that, but energy industry insiders are now warning that the chilling effect that this crisis will have on offshore...
  • $7-a-gallon gas?

    06/18/2010 2:39:45 AM PDT · by Scanian · 83 replies · 1,208+ views
    NY Post ^ | June 18, 2010 | BEN LIEBERMAN
    President Obama has a solution to the Gulf oil spill: $7-a-gallon gas. That's a Harvard University study's estimate of the per-gallon price of the president's global-warming agenda. And Obama made clear this week that this agenda is a part of his plan for addressing the Gulf mess. So what does global-warming legislation have to do with the oil spill? Good question, because such measures wouldn't do a thing to clean up the oil or fix the problems that led to the leak. The answer can be found in Obama Chief of Staff Rahm Emanuel's now-famous words, "You never want a...
  • $7-a-gallon gas?The folly of O's oil-spill 'fix'

    06/18/2010 11:51:46 AM PDT · by CincyRichieRich · 82 replies · 1,778+ views
    NY Post ^ | 6-18-10 | BEN LIEBERMAN
    President Obama has a solution to the Gulf oil spill: $7-a-gallon gas. That's a Harvard University study's estimate of the per-gallon price of the president's global-warming agenda. And Obama made clear this week that this agenda is a part of his plan for addressing the Gulf mess. So what does global-warming legislation have to do with the oil spill? Good question, because such measures wouldn't do a thing to clean up the oil or fix the problems that led to the leak. The answer can be found in Obama Chief of Staff Rahm Emanuel's now-famous words, "You never want a...
  • Biden Predicts Energy Bill Will Pass Senate Amid Reports of Lame Duck Strategy

    06/18/2010 11:05:44 AM PDT · by jazusamo · 26 replies · 746+ views
    CNSNews ^ | June 18, 2010 | Fred Lucas
    Washington (CNSNews.com) – Vice President Joe Biden expressed confidence that the Senate would approve energy  legislation, including cap and trade -- which many critics view as an energy tax -- even though Congress-watchers think the chances of such legislation passing this year are slim.  “There is clear consensus out there that something has to be done,” Biden told reporters on Thursday. “All the folks on the [Capitol] Hill know we have got to do something about carbon emissions in the air and the amount of oil we consume from abroad.” "I think we're going to get an energy bill," said Biden....
  • Feds halt new drilling in Gulf

    06/03/2010 12:06:01 PM PDT · by Dubya-M-DeesWent2SyriaStupid! · 60 replies · 1,505+ views
    news.yahoo.com ^ | June 3, 2010 | MATTHEW DALY
    \ WASHINGTON – The Obama administration is blocking all new offshore drilling in the Gulf of Mexico, a day after regulators approved a new permit for drilling in shallow water. An e-mail Thursday from the Gulf Coast office of the Minerals Management Service says that "until further notice" no new drilling is being allowed in the Gulf, no matter the water depth. A copy of the e-mail was obtained by The Associated Press.
  • Obama to Suspend Arctic Drilling

    05/27/2010 3:04:48 AM PDT · by 2ndDivisionVet · 102 replies · 3,275+ views
    The New York Times ^ | May 27, 2010 | Anahad O'Connor
    President Obama will announce on Thursday a suspension of all applications for offshore oil drilling in the Arctic through the remainder of the year, an Alaska senator said late Wednesday. The decision essentially extends an informal moratorium that Mr. Obama had set shortly after the BP accident on April 20 that led to the spewing of millions of barrels of oil into the Gulf of Mexico. The new restrictions would suspend new offshore drilling permits in the Gulf of Mexico and off the North Slope Alaska until the cause of the accident is determined and stricter safety and environmental safeguards...
  • Obama Administration Tries to Combat Criticism From Right Over Oil Spill

    05/06/2010 10:01:58 AM PDT · by Mozilla · 18 replies · 663+ views
    cnsnews.com ^ | May 6, 2010 | Fred Lucas
    Amid mounting criticism of its response to the oil spill in the Gulf of Mexico, the Obama administration on Wednesday released a day-by-day account of its response, stressing that it was quick to take action. The White House has faced criticism from both the right and the left in addressing the crisis. “The oil spill in the Gulf of Mexico is an ongoing tragedy, and the American people deserve action to protect our Gulf and they deserve answers,” Rep. Mike Pence (R-Ind.), the House Republican Conference chairman said on the House floor Wednesday. “The American people deserve to know why...
  • Oil spill will create debate in Congress about off-shore drilling

    05/06/2010 8:07:33 AM PDT · by usalady · 8 replies · 202+ views
    Examiner ^ | May 5, 2010 | Martha
    It is expected that the recent oil spill in the Gulf of Mexico could lessen the chance for legislation to allow off-shore drilling on the sea coasts of the United States.
  • Gulf Oil Spill Threatens Halt to White House Offshore Drilling Plans

    05/04/2010 1:08:55 PM PDT · by bananaman22 · 15 replies · 315+ views
    OilPrice.com ^ | 04/05/2010 | Darrell Delamaide
    The oil spill in the Gulf of Mexico from a collapsed offshore drilling rig could affect White House plans to extend offshore drilling, press secretary Robert Gibbs acknowledged as the oil slick threatened onshore sites from the Louisiana wetlands to the Sarasota beaches and disrupted fishing and energy industries. As oil giant BP mobilized resources to try to stop the leak and to mitigate its damage, President Barack Obama called the spill “potentially unprecedented environmental disaster.” However, some critics charged that the administration’s slow response to the rig accident and Obama’s decision to take part in the humorous proceedings at...
  • White House Declares Halt on New Offshore Drilling

    04/30/2010 7:15:58 AM PDT · by Eleutheria5 · 204 replies · 4,040+ views
    Aol News ^ | 30/4/10 | Doug Simpson, Lauren Frayer
    The White House said today it is halting all new offshore drilling in U.S. waters until there's an "adequate review" of a massive 600-mile wide oil slick that has begun to lap up on Louisiana's coast. The federal government is defending its response to the spill, which began with an April 20 blast on one of British Petroleum's offshore rigs that burned for two days before sinking. Rescuers saved 115 workers but 11 are presumed dead. BP is responsible for the cleanup, and it wasn't until Thursday -- nine days after the explosion -- that the White House declared it...
  • New drilling won't be authorized until probe into oil spill completed [president will not sign off]

    04/30/2010 5:42:56 AM PDT · by Sub-Driver · 70 replies · 1,236+ views
    New drilling won't be authorized until probe into oil spill completed By Michael O'Brien - 04/30/10 07:39 AM ET President Barack Obama won't authorize more offshore drilling until an investigation into a Gulf Coast oil spill is complete, a senior advisor said Friday. White House senior advisor David Axelrod said during an appearance on "Good Morning America" that the president will not sign off on new drilling in the immediate future. "No additional drilling has been authorized and none will until we find out what happened here and whether there was something unique and preventable here," Axelrod said during an...
  • White House: Spill could have impact on drilling (Obama steps back on drilling pledge after spill)

    04/29/2010 11:23:00 AM PDT · by SeekAndFind · 50 replies · 1,028+ views
    Townhall ^ | 04/28/2010
    Obama administration officials say the Gulf Coast oil rig spill will be considered in the expansion of offshore drilling and will become part of the debate on climate change in Congress. White House press secretary Robert Gibbs said Thursday that the cause, still not determined, could impact what areas the government would open for future drilling. But he also said that President Barack Obama remains committed to a process that could open drilling in areas now off limits. White House adviser Carol Browner said "obviously this will become part of the debate" on climate change. The administration has proposed expanded...
  • Drill Here: America's Untapped Oil And Gas Reserves

    04/20/2010 12:27:43 PM PDT · by bruinbirdman · 30 replies · 946+ views
    Forbes ^ | 4/20/2010 | Christopher Helman
    Barack Obama made a big fuss over his plan to open more U.S. acreage to exploratory oil and gas drilling. But wildcatters aren't overly excited about the prospects. Though the plan added acreage in Alaska for possible leasing, some choice sites there were yanked. Drillers still have to wait for environmental studies before a lease sale may be held. Even then, they'd need to do seismic surveys and get federal air permits before touching drill bit to earth. Expect environmentalists' lawsuits, too. The President asserted that "drilling alone cannot come close to meeting our long-term energy needs." Really? A study...
  • Oil companies look at permanent refinery cutbacks

    03/11/2010 7:10:28 PM PST · by Kartographer · 124 replies · 1,812+ views
    LATimes.com ^ | 3/11/10 | Ronald D. White
    Some of the nation's biggest oil companies are looking at permanently reducing how much gasoline and diesel fuel they make, a move that analysts say would almost certainly trigger higher prices for drivers. Energy companies are suffering huge losses from refining because of slumping gasoline use -- a product of the economic downturn and changing consumer habits and preferences. Energy experts say refining cutbacks have begun and will accelerate as corporations strive for profits.
  • The Obama Moratorium: No offshore drilling while he’s in office

    03/12/2010 8:59:51 AM PST · by Dubya-M-DeesWent2SyriaStupid! · 64 replies · 1,800+ views
    washingtonexaminer.com ^ | 03/10/10 | Barbara Hollingsworth
    The Obama administration’s six-month delay in approving new offshore drilling leases in federal waters will become a new three-year ban, Interior Secretary Ken Salazar quietly told reporters last Friday. Which means that no new oil and gas leases will be approved during President Obama’s term even though two –thirds of the American public supports such activity, according to a December 2009 Rasmussen poll. Sixty percent also believe that gas and oil prices will drop if the government allows offshore drilling, opening up an estimate 14 billion barrels of oil and 55 trillion cubic feet of natural gas On July 14,...
  • The Obama Moratorium: No offshore drilling while he’s in office

    03/10/2010 2:20:50 PM PST · by Former Military Chick · 137 replies · 4,558+ views
    Washington Examiner ^ | 03/10/10 1:19 PM EST | Barbara Hollingsworth
    The Obama administration’s six-month delay in approving new offshore drilling leases in federal waters will become a new three-year ban, Interior Secretary Ken Salazar quietly told reporters last Friday. Which means that no new oil and gas leases will be approved during President Obama’s term even though two –thirds of the American public supports such activity, according to a December 2009 Rasmussen poll. Sixty percent also believe that gas and oil prices will drop if the government allows offshore drilling, opening up an estimate 14 billion barrels of oil and 55 trillion cubic feet of natural gas On July 14,...