Tuesday, February 8, 2011

Deepwater Spill Was Just an Excuse

Shutting down domestic oil production is something the Hard Left has sought for decades.  

"The problem the U.S. faces, of course, is not too much overseas competition per se from adversaries like Cuba or China. It is domestic restrictions and regulations that restrict the nation’s ability to drill for its own oil and natural gas. This has been a long time coming.
According to data collected by the Energy Information Agency (EIA), in 1970 the U.S. produced 9.6 million barrels of oil every day. Now only 5.5 million barrels are produced a day, a 42 percent decrease. So precipitous has this decline been that the U.S., which was once energy independent, now imports more than half of its energy.
Making matters worse, since the deepwater Gulf oil spill of 2010, government’s iron grip around drilling has only tightened.
“[N]ot a single deepwater permit has been issued in nine months,” said Offshore Marine Service Association President Jim Adams in a report by Bloomberg News. The association is calling it an informal moratorium, even though Department of Interior Secretary Ken Salazar supposedly lifted a second government moratorium on deepwater drilling.
In fact, so rampant has the Obama Administration’s obstruction of U.S. drilling been that federal Judge Martin Feldman blocked Salazar’s first moratorium from being implemented, and then found the government in contempt of court because it refused to follow the order."

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