Tuesday, October 12, 2010

Gulf Oil Drilling Ban - #2259 - Obama to End Gulf Drilling Ban Early - Hot Air

What a coincidence! Just as Democrats approach a shellacking in the midterms on jobs and the economy, the White House has decided to move up the end of an executive order that put tens of thousands of jobs at risk: The Obama administration is preparing to end the ban on deep-water oil and gas drilling imposed after the BP oil disaster in April, lifting it more than a month ahead of schedule.......A month early? Try at least two months too late. A study conducted by Barack Obama’s own hand-picked commission showed that not only was the blanket moratorium no longer needed, it was never necessary in the first place. When did they tell the White House of these conclusions? Almost two months ago, in late August.......Since the April 20 explosion, Kish said, Interior has issued shallow-water permits at a 10 percent clip of its previous rate over the past two years. “I don’t know what business can run at 10 percent of what it normally does,” Kish said.....it would take at least four to six weeks before new deep-water-drilling permits are granted. “It will take some time for companies to believe they have complied with the new rules and requirements,......We will need to do inspections on all the platforms before we can allow those permits.”  In other words, the moratorium may be lifted, but that may not make much difference at all to the industry.  Read entire article.....  What a joke, if truth be known Obama probably found out the drilling ban was about to be lifted thru the courts, I thought the decision was to be announced in late October.  

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