Second - Obama delayed American offshore leasing.
Not long after Ken Salazar canceled the Utah leases, he decided to extend for another six months the public comment period for new offshore drilling. As allowed by law, the public had already been given 45 days to comment on the federal government’s pending lease sale to offshore energy producers.
After that Obama should have began developing plans for new leasing. But instead, Obama wanted to drag the process out further, which meant offshore producers would have to wait even longer before they could start drilling. Why? Because he is extremely opposed to oil and gas drilling.
Third - Obama wants more taxes out of American Oil Companies in an attempt to make them less able to compete with Foreign Oil, which of course means that they can set their own prices and monopolize oil.
What will this do? Simple, it will raise the price of a barrel of oil.
Although his target was primarily the coal industry, which suffered badly in 2010 under President Obama’s watch, imposing new taxes on carbon dioxide would also heavily impact oil and natural gas production.
So if you have to use propane to heat your water heater, or cook with, or need to be able to run your furnace, well you can thank Obama for your higher bills when you get your gas bill or have to order your propane delivered like I do.
In fact, there was a new gasoline tax in the most recent cap and trade bill in the Senate, legislation President Obama helped negotiate and would have happily signed had both chambers of Congress passed it. And yes friends, if it wasn't for a Republican win last November - that would have happened as sure as there's a Sunday morning.
Fourth - Obama helps Foreign Oil is by his imposing a moratorium on oil and gas drilling after the BP spill in the Gulf.
The experts stated publicly that they never supported such a moratorium, and that the White House had manipulated their opinions and expertise solely to advance a political agenda.
Ken Salazar said that lifting the moratorium would make him “uncomfortable.” Such a decision ultimately led drillers to relocate their rigs. But worse, hundreds or even thousands of good paying jobs were lose.
And lastly, Obama's issuing a new offshore drilling ban. Imagine that.
Federal Judges say no, but Obama does it anyway. Within weeks of announcing that the moratorium had come to an end, Obama announced a new Executive ban on offshore drilling.
Meanwhile, in the few areas where the White House approves drilling, the administration has completely halted new permits.
Here's something interesting, the Energy Information Administration projects that offshore oil production will decline in 2011 by about 220,000 barrels per day. Then just before the Obama administration’s bans, the EIA had actually predicted an increase in production for 2011.
|OBAMA BOWS |
TO SAUDI KING