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View Full Version : Presidential Drilling Bans and Oil Prices


Dice193
May 31st, 2009, 9:43 am
For the non-believers that don't see the drilling bans make a real difference in the oil futures market, here is proof that the environmental wackos have the environment ahead of the economy when it comes to this nations best interest.

http://i29.photobucket.com/albums/c264/Dice193/ANWR/Chart7.png

Chart source: http://futuresource.quote.com/charts/charts.jsp?s=CL%201!&a=V:5

Obama Administration Halts Bush Expansion Of Offshore Drilling

JOSEF HEBERT | February 10, 2009 07:32 PM EST |

WASHINGTON — Interior Secretary Ken Salazar has rejected a Bush administration plan to open vast waters off the Pacific and Atlantic coasts to oil and gas drilling, promising "a new way forward" in offshore energy development including new wind projects.

Salazar at a news conference Tuesday criticized "the midnight timetable" for new oil and gas development on the country's Outer Continental Shelf proposed by the Bush administration four days before President Barack Obama took office Jan. 20.

The secretary said the previous administration's plan did not take into consideration the views of states and coastal communities, nor a need to better understand what energy resources are at stake, especially off the Atlantic coast where oil and gas estimates are more than three decades old.

Link to entire story: http://www.huffingtonpost.com/2009/02/11/obama-administration-halt_n_165867.html



Too bad we don't have a President who is concerned about the economy and Corporate America.....
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