Obama Admn keeping Oil drilling ban ($6 a gallon gas here we come) - Told You So

[Soul Crusher]

Bump for an explanation why bama is getting a free ride while bush was mercilessly attacked on this. 

[Soul Crusher]

Another one bites the dust, just how Obama the Job Destroyer wants it.   400+ more people losing their jobs due to this asshole you morons support.   

http://www.usatoday.com/money/companies/2011-02-12-seahawk-drilling_N.htm#

[Soul Crusher]

Obama seeks new drilling inspection fees, higher royalty rates
Fuel Fix ^ | February 14, 2011 at 11:34 am | Jennifer Dlouhy


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Oil and gas companies would face new fees and higher royalty rates under President Barack Obama’s federal budget proposal.

The proposed permit processing charges, annual inspection fees and hiked royalty rates aim to pay for more staff and resources at the Bureau of Ocean Energy Management, Regulation and Enforcement while also boosting “the return to taxpayers from mineral production on federal lands and waters,” according to an administration budget document.

“Taxpayers could earn a better return through more rigorous oversight and policy changes, such as charging appropriate fees and reforming how royalties are set,” the budget summary said.

Offshore drillers would face an annual charge of $30,500 per inspection for rigs operating in more than 500 feet of water and an annual $31,500 fee for platforms and other facilities above the water line that have more than 10 wells. All told, the inspection fees would raise more than $60 million in the 2012 fiscal year that begins Oct. 1, according to budget documents.

Similar fees were proposed late last year as a way to fund ongoing improvements at the ocean energy bureau and stitch up vulnerabilities revealed by last year’s Deepwater Horizon disaster. But they have been opposed by the American Petroleum Institute and other industry trade groups, which say the money should instead come from the billions oil and gas companies already send the federal treasury in royalties and bonus bids.

“We’re providing plenty of revenue and are happy to continue doing so,” said Marty Durbin, API’s executive vice president of government affairs. It’s important to make sure the ocean energy bureau and Interior Department “have all the resources they need, but that would be the more appropriate place to get that revenue.”

Obama is seeking more than $500 million to continue reorganizing the ocean energy bureau — formerly known as the Minerals Management Service.

He also wants to charge oil companies new user fees for processing permits to drill on federal lands and waters.

And the White House proposes establishing new “use it or lose it” style fees for non-producing oil and gas leases. Designed “to encourage more timely production,” the administration says the fees would raise a projected $25 million in fiscal 2012.

Oil and gas industry leaders and congressional allies have long fought the use-it-or-lose-it fee proposals on Capitol Hill, by noting that there are already enough financial incentives discouraging companies from sitting inactive on drilling leases.

A summary of the inspection fees proposed by the Obama administration is after the jump.

Below is the administration’s summary of proposed oil and gas inspection fees for the outer continental shelf:

SEC. 109. (a) In fiscal year 2012, the Secretary shall collect non-refundable inspection fees, which shall be deposited in the “Ocean Energy Management” account, from the designated operator for facilities subject to inspection under 43 U.S.C. 1348(c).

(b) Annual fees shall be collected for facilities that are above the water line, excluding drilling rigs, and are in place at the start of the fiscal year. Fees for fiscal year 2012 shall be: (1) $10,500 for facilities with no wells, but with processing equipment or gathering lines; (2) $17,000 for facilities with one to ten wells, with any combination of active or inactive wells; and (3) $31,500 for facilities with more than ten wells, with any combination of active or inactive wells.

(c) Fees for drilling rigs shall be assessed for all inspections completed in fiscal year 2012. Fees for fiscal year 2012 shall be: (1) $30,500 per inspection for rigs operating in water depths of 500 feet or more; and (2) $16,700 per inspection for rigs operating in water depths of less than 500 feet.

(d) The Secretary shall bill designated operators under subsection (b) within 60 days, with payment required within 30 days of billing. The Secretary shall bill designated operators under subsection (c) within 30 days of the end of the month in which the inspection occurred, with payment required within 30 days of billing.

[Soul Crusher]

Great job Obama - maybe you won't be happy till we all are living in tents.   


http://fuelfix.com/blog/2011/02/14/white-house-proposes-new-oil-and-gas-taxes

[Soul Crusher]

Ha ha ha ha-

Obama just said at his sham press conference "oil is the energy of the past" in terms of the drilling moritorium.

Two easy questions for this communist maddoff -

1.  What is the energy of the present?

2.  What is the energy of the future that will replace oil?

[GigantorX]

Ha ha ha ha-

Obama just said at his sham press conference "oil is the energy of the past" in terms of the drilling moritorium.

Two easy questions for this communist maddoff -

1.  What is the energy of the present?

2.  What is the energy of the future that will replace oil?

Windmills and hugs

[Soul Crusher]

Windmills and hugs

He is an embarrassment. 

[Soul Crusher]

Judge: Drill Baby Drill
the american spectator ^ | 2/17/11 | Chris Horner

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Federal Court Orders Obama Administration to Act on Stalled Deepwater Drilling Permits

Calls permitting delays "unreasonable, unacceptable and unjustified"

WASHINGTON, D.C. - Today, the Obama Administration's de facto drilling moratorium in the Gulf of Mexico was once again struck down in Federal Court. U.S. District Judge Martin Feldman granted a preliminary injunction requiring that the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) act within 30 days on five pending permit applications from Ensco.

"The court has now clearly found that the Obama Administration's refusal to act on permits is causing irreparable harm to companies, families and people of the Gulf," said House Natural Resources Committee Chairman Doc Hastings. "The President's de facto moratorium is destroying American jobs, hurting our economy and forcing businesses to move overseas.


(Excerpt) Read more at spectator.org ...

[Soul Crusher]

The inflation disaster is near. $5/Gallon gas will shatter the Federal Reserve's plans
American Thinker ^ | 02/23/2011 | Lee Decovnik
www.americanthinker.com



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Five dollar a gallon gas will shatter the Federal Reserve's tightly constrained lid on inflation and accelerate the other half our long anticipated "double dip" recession. Gas and diesel powers America's 141 million cars, 100 million pickups and SUV's, 8.8 million heavy trucks and 6.7 million motorcycles.  Oil runs our harvesters, delivers our groceries, cooks our food, heats our houses, propels our jets, fuels our M-1A1 Abrams tanks, and lubricates our bicycles. American business can only absorb a few percentage points increase in oil prices before passing on their additional distribution costs to the consumer. Already the increases in food and clothing prices have been felt at the cash register. Disposable income will inevitably drop along with consumer demand for domestic cars and trucks, imported goods from China, and destination vacations to resorts in the United States, Mexico and the Caribbean.  Don't even ask what this means to our already sluggish unemployment numbers.


So, how close are we to $5.00 a gallon gas? This photo was shot yesterday, February 22, 2011.  We may look a back at these prices as the "good old days" of inexpensive energy costs.




In June of 2008, Congressman Roy Blunt released the following information about how the House members voted on energy issues. During this time Democrats were the majority party in both the House and Senate.


ANWR Exploration:


House Republicans: 91% Supported


House Democrats:   86% Opposed



Coal-to-Liquid: 


House Republicans 97% Supported



House Democrats:  78% Opposed



Oil Shale Exploration:



House Republicans: 90% Supported



House Democrats:   86% Opposed



Outer Continental Shelf (OCS) Exploration:


House Republicans: 81% Supported



House Democrats:    83% Opposed



Refinery-Increased Capacity:



House Republicans: 97% Supported



House Democrats:    96% Opposed

Summary:


91% of House Republicans have historically voted to increase the production of American-made oil and gas, while 86% of House Democrats have historically voted against increasing the production of American-made oil and gas.


In 2009, the United States still imported 51% of all its petroleum requirements, both crude and refined. This continues to be an unacceptably high number in our quest for energy independence. Gas prices remain hostage to the increasing hostile regimes that sell us oil. Our own Department of Energy has proudly halted off shore drilling. With the political unrest in so many oil producing nations, and the long-term obstruction of Democrats to domestic oil exploration and production, American families have begun to pay the steep price for our failed national energy policies.  This current Administration has wasted tens of billions of stimulus dollars on solar panel factories and windmills rather than building new oil refineries and using new technologies to recover the oil buried in our own back yard.

[Soul Crusher]

Editorial: $100 Oil Is Devil’s Due For Drilling Bans
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 that they should act to save his regime.

As a result, oil is soaring because markets worry that a string of petro-tyrants will go down like Gadhafi and energy may soon become scarce.

How did it come to this? U.S. dependence on imports — from dictators like Gadhafi — is a big factor.

The problem is that we have no political will to drill. The U.S. has plenty of oil resources. Yet our president seems set on pursuing boutique alternative energy schemes dependent on huge public subsidies.

As that happens, U.S. dependence on imports grows.


(Excerpt) Read more at investors.com ...

[Option D]

fucko....its not a supply issue..its not a demand issue...its a production/processing issue....oil drilling ban or no drilling band... we would still get no different output because all US refineries are running at capacity... so get some facts and come again...

[Soul Crusher]

Whatever - keep passing the buck. 

[Option D]

Whatever - keep passing the buck. 

thats a lazy ass "youre right i dont know what im talking about" response.. there is no passing the buck.. this is you trying to use the buckshot approach to unrightfully blame someone for something they have no control over. Be a smart man for once. Look at the source for your issue and then make a statement.. and educated statement. because this bullshit has gone on long enough.


Now if you arent well versed in oil economy as it pertains to the US. i will help you out.. but "Whatever." thats a 12 year old girls response to shit. Not a grown ass ESQ,..,

[Soul Crusher]

thats a lazy ass "youre right i dont know what im talking about" response.. there is no passing the buck.. this is you trying to use the buckshot approach to unrightfully blame someone for something they have no control over. Be a smart man for once. Look at the source for your issue and then make a statement.. and educated statement. because this bullshit has gone on long enough.


Now if you arent well versed in oil economy as it pertains to the US. i will help you out.. but "Whatever." thats a 12 year old girls response to shit. Not a grown ass ESQ,..,

So what has Obama done in the past 2 years to hep the situation?   

NOTHING. 

[Option D]

So what has Obama done in the past 2 years to hep the situation?   

NOTHING. 

no govt intervention right.. thats what you want correct

[Soul Crusher]

no govt intervention right.. thats what you want correct

Wrong you dipshit.   Obama has done the exact opposite of what was needed to be done.   He grossly intervened to cut off our ability to become independent of arabian oil and has never missed an opportunity to enact one WTF policy after the other.   

[Option D]

Wrong you dipshit.   Obama has done the exact opposite of what was needed to be done.   He grossly intervened to cut off our ability to become independent of arabian oil and has never missed an opportunity to enact one WTF policy after the other.   

so what was the reason for 4.50 gas in 2008 (pre obama) please tell me

[tu_holmes]

so what was the reason for 4.50 gas in 2008 (pre obama) please tell me

Simple... buying commodities on the NYSE.

When prices are set by people buying commodities, there is an artificial inflation of sorts.

[Soul Crusher]

so what was the reason for 4.50 gas in 2008 (pre obama) please tell me

Speculation, GWB's reckless dollar policies, his abandonment of domestic exploration, etc.   I have said this many times.   

Obama continued all of those WTF policies, and doubled down on stupid with his cap and trade insanity, bizarre gulf drilling bans, refusal to agree to the canadian pipeline, cutting off the alaska pipeline for future increases, etc.   

   

[Option D]

Simple... buying commodities on the NYSE.

When prices are set by people buying commodities, there is an artificial inflation of sorts.

but this asshole think it has to deal with the amount of oil available to us.. fuckin dumbass

[Soul Crusher]

but this asshole think it has to deal with the amount of oil available to us.. fuckin dumbass

  

Yeah - Because Option Dumb as Shit knows more than the CEO of Shell John Hofmeister who says he opposite.     

 

[tu_holmes]

 

Yeah - Because Option Dumb as Shit knows more than the CEO of Shell John Hofmeister who says he opposite.     

 

Why would you believe the CEO of a company who wants prices to go up?

Of course he will place blame wherever he wants to... he's getting the money from it.

He has no incentive to be honest.

[Soul Crusher]

      Right.   Only the communists in the EPA are honest, only the supremely pure enviro freaks are honest, only obama is honest. 


Between Obama's WTF monetary policies, his bizarre energy policies, his utterly failed foreign policies, all the pressures n energy prices are on the upside.   

And please tell me ONE CLAIM in this clip that you think is a lie. 

Even one! 

[tu_holmes]

     Right.   Only the communists in the EPA are honest, only the supremely pure enviro freaks are honest, only obama is honest. 


Between Obama's WTF monetary policies, his bizarre energy policies, his utterly failed foreign policies, all the pressures n energy prices are on the upside.   

And please tell me ONE CLAIM in this clip that you think is a lie. 

Even one! 

Firstly, who is talking about the environment?

I'm not... I'm just talking about price... period.

I don't give a damn what the EPA or some environmental group or even Obama has to say about it.

Why are you talking about environmental groups and their honesty? That is not EVEN REMOTELY the point.

The point I made, which you can not deny... Is that the CEO of a company has absolutely no incentive to tell the truth about the price of oil... period. He wants oil to go up because for whatever reason, if it goes up, he gets to charge more... period.

Why do you go off on some of these tangents?

[Soul Crusher]

Firstly, who is talking about the environment?

I'm not... I'm just talking about price... period.

I don't give a damn what the EPA or some environmental group or even Obama has to say about it.

Why are you talking about environmental groups and their honesty? That is not EVEN REMOTELY the point.

The point I made, which you can not deny... Is that the CEO of a company has absolutely no incentive to tell the truth about the price of oil... period. He wants oil to go up because for whatever reason, if it goes up, he gets to charge more... period.

Why do you go off on some of these tangents?

Whatever - the guy is an ex-ceo.  But again - please tell me one thing he said you think is a  lie?  Name one lie you think he tells in this clip?