Posted on 02/12/2011 5:26:28 AM PST by thackney
Former Shell Oil Co. president John Hofmeister said that the Obama administration's energy policies and regulations are strangling the U.S. economy and preventing the country from decreasing its dependence on foreign oil.
Testifying before the House Energy and Power Subcommittee, the Houston businessman blamed the administration for restricting offshore drilling after the oil spill in the Gulf of Mexico last year.
"I believe that the decline" in drilling in the Gulf of Mexico "will be sharper and deeper than what anyone is currently projecting," he told lawmakers. "We have made a horrible error as a country."
Hofmeister was one of six energy experts testifying about the effect of Middle East political unrest, including the ongoing protests in Egypt, on the U.S. oil market.
(Excerpt) Read more at rigzone.com ...
This guy is great. He has been designated point man and is delivering the spear right into Obama’s heart.
The guy is a truly world class executive of the highest magnitude and puts the child Messiah to shame in every respect.
I really like Hofmiester and hope he is the next President’s energy advisor. Note, I did not call for him to be the next Energy Sec. (in a perfect world there wouldn’t be an Energy Dept.)
Bump.
Does he mean in addition to electing One Big Assed Mistake America?
HEY! Let’s try a new word here and use it more often until it becomes deafening......TREASON!
Joseph McCarthy once said of George Catlett Marhsall, if he wasn’t actively aiding the communist causes and his decisions had been due to ineptitude or inexperience, then the odds would be high that at least some of the decisions he made would have been in the best interests of the United States and not communist countries in China and the Soviet Union.
The same can be said for Obama. If his destructive policies were simply due to his inexperience or ineptitude, then the odds are that at least some of them would benefit this country. I cannot think of one, single thing he has done that has been beneficial.
And that tells me a lot. He and those supporting him WANT to strangle the economy. Whatever the reasons, I believe that is true.
Designated point man? Just ask the Nigerians about Shell and what they will do unless you keep an eye on them.
http://www.google.com/search?oe=UTF-8&q=nigerian+delta+shell
Nigeria doesn’t count.
Nigeria Pipeline Explosion Incinerates Hundreds
http://news.nationalgeographic.com/news/2006/12/061226-oil-explosion.html
More than 260 people are dead and over 60 injured after a gasoline pipeline that had been tapped by thieves exploded early this morning in the Abule Egba district of Lagos, Nigeria.
Nigeria is one of the most corrupt countries on Earth. They have also squandered more natural resources than many countries will have in their entire existence. Don’t cry for Nigeria.
“Ask Nigerians about Nigerians and what they will do unless you keep an eye on them.”
Can you really equate the two? And does one justify the other?
“Nigeria is one of the most corrupt countries on Earth. They have also squandered more natural resources than many countries will have in their entire existence. Dont cry for Nigeria.”
I am not worrying much about them, I just want the $28,500,000 that my friend, Mr Obuku Ntongo wired to me yesterday ;)
Yes, since the problem really isn't Shell, or ExxonMobil or the other companies. It is a problem of corrupt government and corrupt culture that doesn't respect the lives and safety of other people. It is very difficult to do remote maintenance in that area as they will kidnap and ransom workers caught without armed guards.
Nigeria's agony dwarfs the Gulf oil spill. The US and Europe ignore it
http://www.guardian.co.uk/world/2010/may/30/oil-spills-nigeria-niger-delta-shell
Within days of the Ibeno spill, thousands of barrels of oil were spilled when the nearby Shell Trans Niger pipeline was attacked by rebels. A few days after that, a large oil slick was found floating on Lake Adibawa in Bayelsa state and another in Ogoniland. "We are faced with incessant oil spills from rusty pipes, some of which are 40 years old," said Bonny Otavie, a Bayelsa MP.
Last month Shell admitted to spilling 14,000 tonnes of oil in 2009. The majority, said the company, was lost through two incidents one in which the company claims that thieves damaged a wellhead at its Odidi field and another where militants bombed the Trans Escravos pipeline.
Shell, which works in partnership with the Nigerian government in the delta, says that 98% of all its oil spills are caused by vandalism, theft or sabotage by militants and only a minimal amount by deteriorating infrastructure. “We had 132 spills last year, as against 175 on average. Safety valves were vandalised; one pipe had 300 illegal taps. We found five explosive devices on one. Sometimes communities do not give us access to clean up the pollution because they can make more money from compensation,” said a spokesman.
Remember when gasoline hit $4 per gallon and Democrats made the oil companies the scapegoats? When $4+ per gallon gasoline hits this summer as a result of turmoil in the Middle East and Obama’s bone headed energy policies where will the blame be put? The rolling blackouts recently experienced in Texas will likely become commonplace in the rest of the country and we can directly blame Obama while we shiver or swelter in our darkened homes and businesses.
Let the oil prices rise slowly until it hits the boiling point then have congressional hearings. There you remind the oil companies of your warning that if they didn’t serve the American people they would be socialized and now the time has come.
(A ‘progressive’ dream! They would then have a revenue source like the other communitarian nations.)
Actually, what we currently have is a "Progressive' dream". The government makes almost all of the money through corporate and sales taxes while the oil companies get stuck with doing all of the work as well as assignment of all of the blame. Remember, a "progressive" needs a scapegoat to survive.
We elected Obama, #1
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