The PJ Tatler

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Obama’s permatorium sinking Gulf oil industry

In the coming days we will probably hear quite a bit about how the unrest in Egypt is pushing oil prices skyward, and driving gas prices up at the pump.  That is undoubtedly true; the price of oil is up about 4 bucks a barrel just today.  There isn’t a lot the US can do about the crisis in Egypt at this point.

But there is a great deal that the US can do about the production of oil in the Gulf of Mexico.  And there, according to Reuters, the Obama administration is acting to push oil production out.

Some of the 30-plus deepwater rigs that were in the Gulf of Mexico have moved to other markets, first because of a U.S. halt called last May after BP Plc’s (BP.L: Quote) well blowout, and then because of the lack of permits once the moratorium was lifted.

The Reuters article lists all of the oil rigs that have been impacted by Obama’s permatorium on offshore drilling.  In this case as in most, President Obama is appeasing his hard left base, and soothing his own radical left conscience, at the expense of mainstream America.

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Posted at 11:42 am on January 28th, 2011 by

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7 Comments, 2 Threads

  1. 1. Paul A'Barge

    Bryan is right. This is a huge economic blow to both Texas and Louisiana. Both Red States, of course.

    I can’t but help think that slamming the Texas and Louisiana economies is one of those things that makes Obama and his minions sprout wood.

    We just can’t get rid of Obama fast enough. Jan 2013 come on!

    January 28, 2011 - 12:37 pm   Link to this Comment
  2. 2. Bilgeman

    Mr. Preston:

    And it’s not just the rigs, I’m at Port Fourchon, LA as I write this and could send you pictures of Edison Chouest OSVs tied up idle 3 abreast, Hornbeck vessels 2 abreast, and Harvey sea-going tugs fleeted up 4 and 5 abreast.

    For the benefit of his masters at GE, (who stand to make a heap of dough from the “Green Energy” windmill he’s tilting at), as well as his eco-moonbat constituency, the Alleged Hawaiian is killing the Gulf Coast economy.

    January 28, 2011 - 12:44 pm   Link to this Comment