Its been so long now the impact upon the industry has been devastating. Rigs have gone elsewhere. Rig workers have gained employment elsewhere. Machinery has been stacked at great cost and will take time to get back into working order if the go ahead is ever given. Even though Interior Secretary Ken Salazar was talking with drillers this weekend, they have apparently been unable to give him the assurances he needs to allow deep water drilling in the Gulf of Mexico. Not even relatively safe shallow water drilling (under 500 ft) has been spared with officials so slow to issue permits that only 30 have been granted since last June.
The upshot of this is that America is down one third of its oil supply. At a time when prices are rising fast and turmoil in the Middle East will drive them so much higher. One could be forgiven for thinking Obama’s stalling on permits is a deliberate strategy to further impoverish the USA. Inexplicable. Until one remembers that Obama badly needs the donations of environmental groups to drive his re-election campaign in 2012.
So once again we view the disastrous effects of watermelon policies, shutting down American oil production at a time it is needed most. Of course its not even about the damn environment in the end. Perceived environmental concerns are just a means to camouflage the real intent and that is to bring down capitalism. People keep saying that we are crazy to make such allegations about Obama, but what the hell are we to do when he keeps on providing the evidence. Non permitting of deepwater drilling in the Gulf of Mexico right now is the worst economic sabotage.
Obama has to allow it by March 20th or he’s in contempt of a court order. I think failure to comply by that date should be grounds for impeaching this Marxist saboteur.
Update- First deepwater drilling permit approved. Day after this post.