Posted on 03/22/2011 1:34:16 PM PDT by Nachum
The Obama Administration has already presided over the steepest rise in gas prices since the Carter Administration. And like President Jimmy Carter, PresidentBarack Obama has restricted traditional domestic energy development at every turn. According to the Energy Information Administration, President Obama’s Gulf drilling moratorium will cause domestic offshore oil production to fall 13% this year . Absent the Obama moratorium, the EIA had predicted a 6% increase in offshore production from 2010 levels. That means President Obama’s Gulf moratorium alone will cost American consumers 220,000 barrels of domestic oil production a day.
But President Obama is not against all offshore oil drilling. When other countries are the ones developing their natural resources, President Obama is all for it.
(Excerpt) Read more at blog.heritage.org ...
The list, ping
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Just saw my first Emerson/Petrobras ad on TV.
Makes a dandy campaign commercial for some Republican in 2012
This damn President....I’m so p*****.
He can’t transfer America’s wealth fast enough.
Of course. How else would George Soros make a bundle everyday in everyway that Zero is in charge.
Liberal hypocracy has attained unbelievable heights.
Forget the Haliburton diatribes liberals....How about Soros-Petrobas-promoting Brazil Gulf oil drilling with loans while eliminating the competition. Blatant favoritism, payola and a not so indirect route of funds to the Obama campaign coffers. It is amazing the stentch liberals really can tolerate when their dream of a control-everything government is almost at hand.
Obama just gave Brazil 2 billion of our tax dollars to drill off their shores. He is either insane, incompetant or both. Don’t his handlers have any control?? Shaking head in disgust and disbelief. God help us.
He's neither. He's treasonous and evil.
I’ve joined the WTF? crowd. From the first thread to this I’m flabbergasted ...
god forbid we drilled here, saving cost and paying off terrorist arabs for their oil.
Not to mention creating jobs HERE.
How foolish of me, can’t do that now can we
Didn’t he claim he was going down there to drum up business FOR us? Instead committing us to buying their products. Backwards as always.
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