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

[Soul Crusher]

Oil drilling ban to be maintained in key areas, sources say
By Juliet Eilperin

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Obama administration officials will announce Wednesday afternoon they will not allow offshore oil drilling in the eastern Gulf of Mexico or off the Atlantic and Pacific coasts as part of the next five-year drilling plan, according to sources briefed on the plan, reversing two key policy changes President Obama announced in late March.

President Obama talks about endorsing expansion of offshore drilling. (Footage via www.whitehouse.gov/The Washington Post)During that announcement--less than a month before the BP oil spill--Obama and Interior Secretary Ken Salazar said they would open up the eastern Gulf and parts of the Atlantic, including off the coast of Virginia, to offshore oil and gas exploration.

The announcement is sure to please environmentalists while angering oil and gas companies as well as some lawmakers from both parties who have pressed for continued offshore energy exploration in the wake of massive Gulf of Mexico spill.

According to multiple individuals briefed on the plan, the Obama administration will proceed with scoping for possible drilling in the central and western Gulf of Mexico and in the Arctic as part of the upcoming 2012-2017 Outer Continental Shelf program, while keeping the other areas off limits.

The administration is likely to conduct a new environmental assessment of Shell's plan to conduct drilling in the Arctic, the sources added.

Sen. Bill Nelson (D-Fla.), who has consistently pushed to restrict drilling in the eastern gulf, welcomed the news. Interior Secretary Ken Salazar called the senator Wednesday morning, according to Nelson spokesman Dan McLaughlin, but the two men did not speak yet because Nelson is chairing a hearing.

"Drilling off Florida's Gulf coast is banned at least until 2022, under a 2006 law passed by Senator Nelson," McLaughlin said. "The senator is pleased the White House has decided rightly to keep the area off-limits. He hopes Florida's next governor and the Legislature similarly will commit to protecting the state's tourism economy and unique environment."

Activists such as Margie Alt, executive director of Environment America, also praised the administration's plan, saying, "Today, anyone who loves our beaches, who fishes in the ocean or who depends on a healthy coastal economy can thank the Obama administration for protecting the Atlantic and Pacific coasts and the west coast of Florida from oil drilling. The BP disaster earlier this year was a tragic reminder that drilling is a dirty and dangerous business. The only way to truly keep our coasts and ocean ecosystems safe is to keep them rig free."

But the move could spark a backlash from business interests as well from both many congressional Republicans and conservative Democrats such as Sen. Manry Landrieu, who argue that curbing offshore energy exploration could exacerbate the nation's economic woes.

Karen Harbert, president and CEO of the U.S. Chamber of Commerce's Institute for 21st Century Energy, said in a statement, "The Administration is sending a message to America's oil and gas industry: take your capital, technology, and jobs somewhere else."


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Just great.  


$5 a gallon gas here we come.  

Wow - 5 months ago I called this!   

[Dos Equis]

We are inching towards $5.   

[Soul Crusher]

Again  5 months ago I called this.   

Haters can fuck off with their hope and change nonsense and suck a cock for all I care.     

[Option D]

Again  5 months ago I called this.   

Haters can fuck off with their hope and change nonsense and suck a cock for all I care.     

lmao.. um.. ok tough guy.

[Fury]

The excuses are going to be epic if/when gas hits $5. I can't wait to see what the Obama sheeple come up with.

[kcballer]

So clueless 333 as usual. 

[Option D]

The excuses are going to be epic if/when gas hits $5. I can't wait to see what the Obama sheeple come up with.

you never answered.. when gas was $4.60 in 2008.. was it Bush's fault BF

[Fury]

So clueless 333 as usual.  

Hahaha, as if you're not.

you never answered.. when gas was $4.60 in 2008.. was it Bush's fault BF

Yes. And the rest of the country that castrated him for the prices thought so, too. And if gas hits $5, Obama's going to be in a world of hurt. It's actually fucking astounding that no one has anything to say now at $4.

[kcballer]

The excuses are going to be epic if/when gas hits $5. I can't wait to see what the Obama sheeple come up with.

It's sad that presidents going forward will get the blame for a simple equation that is out of whack - cheap supply has fallen, demand has risen.  Throw in some stupid policies about ethanol production, which you can more than fault Obama on for keeping, and you have $5 gas. 

Either the US changes it's habits, changes it's fuel, or prepares for $10 a gallon in the future.   

[Fury]

It's sad that presidents going forward will get the blame for a simple equation that is out of whack - cheap supply has fallen, demand has risen.  Throw in some stupid policies about ethanol production, which you can more than fault Obama on for keeping, and you have $5 gas. 

Either the US changes it's habits, changes it's fuel, or prepares for $10 a gallon in the future.   

Methinks you should read today's article on Yahoo about the Utah oil fields. You continually come off as incredibly uninformed on this.

What's sad about it, though? Bush was castrated by you lefties for the rising prices in 2008. It's barely into spring yet and gas prices have been flying past any increases under Bush's watch. Obama's going to rightfully get the blame for this just like Bush did.

[Soul Crusher]

It's sad that presidents going forward will get the blame for a simple equation that is out of whack - cheap supply has fallen, demand has risen.  Throw in some stupid policies about ethanol production, which you can more than fault Obama on for keeping, and you have $5 gas. 

Either the US changes it's habits, changes it's fuel, or prepares for $10 a gallon in the future.   

You douchebags blamed Bush/Cheney for it and Bama the destroyer will get blame himself.   One Term and done - thankfully.   

[Fury]

You douchebags blamed Bush/Cheney for it and Bama the destroyer will get blame himself.   One Term and done - thankfully.    

It's pretty comedic that now they're crying about "unfairly" blaming the president for gas prices when they spent months castrating Bush for 2008. What is it with far-leftists and their ridiculous hypocrisy?

It's April, gas prices are over $4/gal, have been rising for over 19 straight weeks now and people are busy trying to play down Obama's role in this by acting like it's not his fault.

They think it's bad now. Wait until inflation really hits later this year. 

[Soul Crusher]

Obama still is not approving the canadian oil pipeline they havebeen begging him to approve.  This mess is on obama, between his horrible dollar policy, his oil drilling policies, his ethanol mandates, etc.     

[kcballer]

Methinks you should read today's article on Yahoo about the Utah oil fields. You continually come off as incredibly uninformed on this.

What's sad about it, though? Bush was castrated by you lefties for the rising prices in 2008. It's barely into spring yet and gas prices have been flying past any increases under Bush's watch. Obama's going to rightfully get the blame for this just like Bush did.

Haha yeah okay Utah will save us  

Think of this - US production has declined since 1970.  IF Utah was an easy cheap source of crude, it would have been tapped decades ago.  The reason it's being talked about now?  The economics make sense.  The price is high enough to justify the drilling and refining costs.  Just like with tar sands in Canada, the cost of oil is high enough to justify the production.  For someone claiming to be informed you really aren't, because if you were you'd know the Utah oil reserve is tar sands.  An energy intensive and costly exercises that only makes sense when oil is at high levels and going to stay that way.

What is it with you and this 'you lefties' nonsense?    

It's like you can not get your little mind around the idea that people can hold a certain set of values and still have individual thoughts and views on things.  Stereotype much?

[kcballer]

Obama still is not approving the canadian oil pipeline they havebeen begging him to approve.  This mess is on obama, between his horrible dollar policy, his oil drilling policies, his ethanol mandates, etc.     

Valid points to rip him on the pipeline, although it's not like we aren't getting oil from Canada as it is.  It will go through i'm just unsure of why he's holding out.  Perhaps protecting US oil interests?

Ethanol is stupid and should be stopped. 

[Soul Crusher]

Not to mention the Lybia war!

[Fury]

Haha yeah okay Utah will save us  

Think of this - US production has declined since 1970.  IF Utah was an easy cheap source of crude, it would have been tapped decades ago.  The reason it's being talked about now?  The economics make sense.  The price is high enough to justify the drilling and refining costs.  Just like with tar sands in Canada, the cost of oil is high enough to justify the production.  For someone claiming to be informed you really aren't, because if you were you'd know the Utah oil reserve is tar sands.  An energy intensive and costly exercises that only makes sense when oil is at high levels and going to stay that way.

What is it with you and this 'you lefties' nonsense?    

It's like you can not get your little mind around the idea that people can hold a certain set of values and still have individual thoughts and views on things.  Stereotype much?

You're under the impression that increased demand from countries like China and Russia are what caused this astronomical rise in oil prices when there's no fucking way in hell demand from those countries has increased at a level to drive prices over $4 since November. You clearly have no idea what you're talking about and refuse to condemn the actions of your God-King that have led to 19+ weeks of skyrocketing prices.

This country is about to be cold-kocked by inflation and you're busy spinning some bullshit story about rising demand being the driving force behind this exponential rise in oil prices.

[kcballer]

You're under the impression that increased demand from countries like China and Russia are what caused this astronomical rise in oil prices when there's no fucking way in hell demand from those countries have increased at a level to drive prices over $4. You clearly have no idea what you're talking about and refuse to condemn the actions of your God-King that have led to 19+ weeks of skyrocketing prices.

I don't believe they are the sole reason at all.  OPEC countries for example are using more and more oil and soon will combine to use more than OECD countries.   But that's not the only thing.  You have an increasingly global world, increased demand in the BRIC's and throw in dwindling crude reserves and more reliance on higher cost oil (like tar sands) what does it equal?  All together now...High prices!

But hey i'm the one with no idea 

[Soul Crusher]

Bottom line is that 5 months ago I calle this to a tee and you obama dildos still spinning his kenyan turds need to STFU.    

[kcballer]

Bottom line is that 5 months ago I calle this to a tee and you obama dildos still spinning his kenyan turds need to STFU.    

Gosh you're a loser.  The recession depressed prices because demand dropped, demand is back up, so are prices.  Presidents are interchangeable, supply and demand are not. 

[Fury]

I don't believe they are the sole reason at all.  OPEC countries for example are using more and more oil and soon will combine to use more than OECD countries.   But that's not the only thing.  You have an increasingly global world, increased demand in the BRIC's and throw in dwindling crude reserves and more reliance on higher cost oil (like tar sands) what does it equal?  All together now...High prices!

But hey i'm the one with no idea  

Yes, as has been shown throughout this thread, you ARE the one with no idea. Like 333 said, you Obama dicksuckers and your refusal to put any of this on your God-King is a sad, pathetic joke. For one, you refuse to acknowledge the failed fiscal policies of your Messiah that have contributed to 19+ weeks of increased oil prices. Secondly, trying to pin this on a "recovery" from the recession is another sad joke as there is no recovery. And there certainly wasn't any talk of recovery in November, when prices started going up. But you keep hanging onto your fantasy about demand, though.  

I'd hate to rain on your parade but you really need to read into China's current economic situation. It's not roses like you think and their demand for oil is falling right now due to inflation's effects starting to him them hard. But hey, you go ahead and thump your chest about demand until you're blue in the face. Maybe if you draw blood it might come true.

[Soul Crusher]

Like food, silver, gold, commodity, and other inflation - this is entirely on bama/bernake for their WTF policies.   

[Hugo Chavez]

ohh,... oops...


Leonard Castille, vice president of sales for Frank's Casing Crew & Rental Tools, said the flow of deepwater offshore drilling permits issued recently by the federal bureau that controls the tap has been a shot in the arm for local oilfield service sector.

"We're seeing it as a positive thing," said Castille, who has his finger on the pulse of the industry here and across the oil patch. "Right now we're seeing more people going back to work, and everybody I talk to in Houston and New Orleans and Lafayette are real upbeat and are projecting our industry is going to get real busy."

http://www.theadvertiser.com/article/20110410/BUSINESS/104100331/1046/business/Drilling-permits-boost-oil-industry-?odyssey=nav%7Chead


10th permit issued to drill in the deep
WASHINGTON — Federal regulators on Friday gave Statoil permission to drill a deep-water well - the 10th project approved since such work was halted after last year's Gulf spill.
http://www.chron.com/disp/story.mpl/business/7514069.html

[225for70]

Demand has been down for 5 consecutive weeks..However, prices continue to go up..

[Hugo Chavez]

ohh,... oops...


Leonard Castille, vice president of sales for Frank's Casing Crew & Rental Tools, said the flow of deepwater offshore drilling permits issued recently by the federal bureau that controls the tap has been a shot in the arm for local oilfield service sector.

"We're seeing it as a positive thing," said Castille, who has his finger on the pulse of the industry here and across the oil patch. "Right now we're seeing more people going back to work, and everybody I talk to in Houston and New Orleans and Lafayette are real upbeat and are projecting our industry is going to get real busy."

http://www.theadvertiser.com/article/20110410/BUSINESS/104100331/1046/business/Drilling-permits-boost-oil-industry-?odyssey=nav%7Chead


10th permit issued to drill in the deep
WASHINGTON — Federal regulators on Friday gave Statoil permission to drill a deep-water well - the 10th project approved since such work was halted after last year's Gulf spill.
http://www.chron.com/disp/story.mpl/business/7514069.html

Is this what an oil drilling ban looks like lol?