The list, ping
More imports less domestic production to destroy America.
Pray for America
Waving their hands before they shut it down?
Yes, it’s much better to buy oil from terrorists who hate us.
The Obama manure fueled express rolls along - reverse every single thing passed under GWB until the Nation is restored to a nice Klintonian style of life. I wonder who will play the role of Monica for The Messiah?
Shell was offered a preferential rate to develop a new technology.
They’ve done that. Now that the technology is ready for larger scale operations, perhaps even commercial operations, the government has done two things. They’ve declared a moratorium on oil shale, and now they are reversing the rate originally agreed to.
Essentially, its a shake down. If they don’t agree to re-write the contracts, they don’t get permission to operate, and its all for nothing, and their investment is worthless.
And maybe, having agreed, they won’t get permission anyway.
We’re sending several hundred billion a year out of the country to buy fuel, while we’re sitting on Saudi-sized oil shale reserves. We’ve got record unemployment, and bankrupt state governments, all the while sitting on top of Saudi-sized oil reserves. The technology is there, despite all the roadblocks the government threw at them, they’ve invented a technical answer to every one. And still there it sits.
This is what happens when you turn control of your economy over to OPEC shills.
"...Last November, Interior officials finalized regulations and royalties, which the companies would pay the government, as a way to guide that commercial production. The agency set royalty rates that started at 5% of production revenue, well below the federal average for oil and gas royalties...."
So this sounds to me like the Bush administration was trying to provide a carrot to entice development of the technology to exploit shale oil.
Am I misreading this?
I admit to developing a knee jerk reaction to every single policy the Obama administration proposes or enacts. I have been right 95% of the time. Does this make me a bad person?