Skip to comments.Exxon fighting regulatory “pirates” in Gulf of Mexico
Posted on 08/20/2011 11:23:47 AM PDT by Hojczyk
ExxonMobil, and its Norwegian partner Statoil made the biggest discovery of all a field worth a billion barrels of oil 7,000 feet below sea level in its Julia field in 2007.
Exxon tried to keep its discovery secret to keep marauders away. Sadly, the pirates in this instance are U.S. regulators and their aim is to stop them.
Thats right: Instead of marvel at the continuing treasures of the New World, or hail the human ingenuity that made retrieval of so much oil possible, or simply quantify how this discovery will boost U.S. energy security, Interior Department bureaucrats moved instead to snatch Exxons permits and shut the whole thing down.
Employing an extreme technicality, these regulators claimed that Exxons request in 2008 for a short suspension of activity to upgrade and make safer its drilling operation amounted to an abandonment of three of its five permits, simply because Exxon hadnt signed a contract with another partner, Chevron, by the time the suspension was completed.
Exxon is now fighting the permit action in a federal court in Lake Charles, La., calling it arbitrary, capricious and an abuse of law. Its also a textbook case of the anti-business climate fostered by the Obama administration which should be bending over backward to help Exxon create jobs and profits.
So lets look at what the Obama administration is trying to accomplish, and what its costing you as a result.
Well, its going to cost us jobs in the Gulf, and not just there, either. As IBD points out, drilling requires a lot more support than just people working on the rig. The rigs have to be built, and then the heavy machinery has to be manufactured in places like Youngstown, Ohio, at a steel plant
(Excerpt) Read more at hotair.com ...
Fed up with Obama and Congress? SO AM I!!
This is not rocket science.
Those of us who work for a living are outnumbered by those who vote for a living.
A requested suspension is by definition continuity. Abandonment is another thing entirely
I say we'll have to have different leaders in both the senate and house, also.
Excuse me, but isn't that the best reason to support Palin? Isn't that her prime objective? Her proven prime objective?
That line, my friend, is an "instant classic". Sums up the whole "socialism thing" and the notion of the "tyranny of the majority" so feared by the Founding Fathers in a single sentence. Original with you, or "borrowed"??? Either way, I hadn't heard it before, but I will certainly remember and use it. GREAT!!
Brilliant line. Truth in a sentence. Thanks.
“Those of us who work for a living are outnumbered by those who vote for a living.”
It couldn’t have been said any better!!!! Forgive me when I use it in the future.
Never in my life have I ever considered the government as much as “the enemy” as I do now.
Guys, I have to admit I am not the source of the proclamation.
I got from the Sales Manager of West Side Ford in Firebaugh, CA. If you listen to KMJ, you’ve doubtlessly heard it already.
I like that... stolen.
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