[Cincinatus' Wife]

OMSA Praises Ruling Holding Obama Administration in Contempt for its Moratorium on Gulf Oil Drilling NEW ORLEANS, Feb. 2, 2011 /PRNewswire/ -- The Offshore Marine Service Association today praised a federal judge's ruling holding the U.S. Interior Department in civil contempt and called for the Obama Administration to end its de facto moratorium on offshore drilling in the Gulf of Mexico.

"The ruling highlights the disparity between President Obama's stated policy objectives -- to grow jobs and promote American energy independence -- and his actions, which instead deliver higher unemployment, higher fuel prices and greater dependency on foreign energy sources. This ruling demonstrates the President is more interested in shutting down our domestic oil and gas production than he is in establishing clear rules to enhance safety and environmental protection. President Obama's policies are destroying American jobs and exporting American technology to countries that value safe offshore energy production," said Jim Adams, president and CEO of the Offshore Marine Service Association (OMSA).....

[Cincinatus' Wife]

The 1967 Oil Embargo began on June 6, 1967, one day after the beginning of the Six-Day War, with a joint Arab decision to deter any countries from supporting Israel militarily. Several Middle Eastern countries eventually limited their oil shipments, some embargoing only the United States and the United Kingdom, while others placed a total ban on oil exports.

The Oil Embargo did not significantly decrease the amount of oil available in the United States or any affected European countries due mainly to a lack of solidarity and uniformity in embargoing specific countries. The embargo was effectively ended on September 1 with the issuance of the Khartoum Resolution. [end excerpt]