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July 2, 2012

Obama Administration Reimplements 27 Year Off-Shore Drilling Moratorium

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While we've all been focused on SCOTUS's decision to approve Obamacare's unconstitutional mandate by declaring it a tax, the Obama Administration released its plan on developing the energy resources in the Outer Continental Shelf.

However, their so-called "plan" is not really a plan. That is, unless you think reimplementing a 27 year off-shore drilling moratorium that turns its back on potentially enormous energy resources that could provide America with jobs and energy security for years to come.

... For more than three years, the Obama administration has consistently reversed bipartisan efforts to open America's vast offshore resources for energy development.

"The president has cancelled lease sales, delayed others, and imposed a unilateral executive embargo on the oil resources that our most promising public lands could provide. With 98 percent of the U.S. offshore currently unleased for energy exploration, Secretary Salazar has finalized this plan to continue the administration's war against affordable energy. In the end, Americans will pay more for the energy they need.

"While President Obama and Interior Secretary Salazar claim an 'all of the above' energy strategy, today's announced plan continues to give the American people access to a mere fraction of the offshore resources they own. If not for this president and his policies, Americans could access more than 200 years of oil supply under our feet and off our shores.

"Millions of Americans are still looking for jobs. The Gulf Coast economy has yet to recover from President Obama's moratorium on offshore drilling. President Obama has signaled today that he has no regard for our energy future, nor the jobs that a sensible, long-term plan for offshore development would create."

In other words, Barack Obama's "plan" for developing the energy resources in the Outer Continental Shelf can be summed up in one short sentence: 'Keep America dependent on foreign sources of oil and keep our people unemployed while we chase fairy tales and green energy unicorns.

Related: Why Prosperity Is Hip, And Raises Living Standards

Posted by Hyscience at July 2, 2012 8:11 AM



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