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Obama to allow more Arctic drilling
CNN Money ^ | June 26, 2012 | By Steve Hargreaves

Posted on 06/26/2012 2:24:55 PM PDT by Oldeconomybuyer

The Obama administration will go ahead with more drilling in Arctic waters, though at a pace that allows for more research before additional permits are granted.

The administration will hold new lease sales for oil companies to drill in the Chukchi and Beaufort Seas just north of Alaska, Interior Secretary Ken Salazar said Tuesday in a conference call with reporters.

But the new leases won't be issued until 2016, allowing more time so that nations bordering the Arctic can identify the region's resources and figure out which areas need to be protected.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections; US: Alaska
KEYWORDS:
Headline: "Obama to reduce deficit"

Story: But not until 2056.

1 posted on 06/26/2012 2:24:59 PM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Yeah. But when he becomes President for Life in 2016, no doubt he will find reasons for further delays. Or his carefully selected stooges in the regulator seats will.


2 posted on 06/26/2012 2:28:53 PM PDT by Cicero (Marcus Tullius)
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To: Oldeconomybuyer
though at a pace that allows for more research before additional permits are granted.

Money for polar bears first.
3 posted on 06/26/2012 2:30:44 PM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: Cicero

In other news,, Lucy offers to hold football for Charlie Brown again.


4 posted on 06/26/2012 2:31:10 PM PDT by glorgau
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To: Oldeconomybuyer
What a difference there is when an election draws near! He also called Florida Gov. Scott to offer FEMA aid, condolences, etc. Did he call last year under similar circumstances? Hell no.

Then again, his promises have a half-life measured in days if not hours.

5 posted on 06/26/2012 2:31:54 PM PDT by NonValueAdded (Steyn: "One can argue about whose fault it is, but not ... whose responsibility it is: it's his")
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To: Oldeconomybuyer

What a convenient choice of year.


6 posted on 06/26/2012 2:34:43 PM PDT by drbuzzard (All animals are created equal, but some are more equal than others.)
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To: Oldeconomybuyer

The headline is complete CNN BS. The article is the exact opposite of the headline.


7 posted on 06/26/2012 2:36:38 PM PDT by Proud2BeRight
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To: Oldeconomybuyer
though at a pace that allows for more research before additional permits are granted"

In other words, NO DRILLING. This will however have the desired effect of lowering the price of oil a little more just in time for the election.

Gas will be below $3 per gallon before the election. If Obama gets reelected it will be over $5 in less than six months.

I actually think this is part of his plan to bring this country down. Get reelected and drive up the price of gas to $6 per gallon or more. Above $6 the country lasts less than two years before total economic collapse.

8 posted on 06/26/2012 2:40:32 PM PDT by precisionshootist
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To: Oldeconomybuyer

In 300 years the income tax rate will be 0% for everyone.


9 posted on 06/26/2012 2:40:46 PM PDT by stockpirate (Romney, Ann Coulter & our ruling republican elites, are Big Government socialists, Grand Ole Sociali)
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To: Oldeconomybuyer
But the new leases won't be issued until 2016,

It's hard to believe even Obama and his gang would announcement something that preposterous in an election year.

10 posted on 06/26/2012 2:41:52 PM PDT by Will88
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To: precisionshootist

Nov 7th = Everything Changes.


11 posted on 06/26/2012 2:45:11 PM PDT by carriage_hill (quickl)
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To: Proud2BeRight
Exactly. Obama may allow more Arctic permitting, but he won't allow any Arctic drilling.
12 posted on 06/26/2012 2:45:39 PM PDT by Josh Painter ("The lesser of two evils is, by definition, evil." - Josh Painter)
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To: Oldeconomybuyer
Industry types would prefer a much faster timetable to get the drilling going,
while many opponents want it halted permanently.


Calling opponents "Industry types" shows the attitude of both the administration and CNN.

13 posted on 06/26/2012 2:46:43 PM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: Oldeconomybuyer

Well, that’s it.

I’m voting for him.


14 posted on 06/26/2012 2:47:07 PM PDT by Rinnwald
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To: Will88

When preposterous is the only trick you have left in the bag, it serves its purpose. This in no way upsets the core constituency (which is rapidly diminishing, it might be added), and it sort of mollifies the parts of the squishy middle who don’t listen very well anyway.

No actual permits or drilling would ever occur under US auspices. The Russian Federation will drill sideways into the reservoirs and have them pumped dry long before then.


15 posted on 06/26/2012 2:49:53 PM PDT by alloysteel (Fear and intimidation work. At least on the short term.)
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To: Oldeconomybuyer

Too little, too late. Nobody believes BO anymore.


16 posted on 06/26/2012 2:50:22 PM PDT by afraidfortherepublic
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To: glorgau

That’s the best analysis. Kudos


17 posted on 06/26/2012 2:56:34 PM PDT by Sacajaweau
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To: Oldeconomybuyer

...though at a pace that allows for more research before additional permits are granted.

________________

Window dressing for the campaign to hide the utter FAILURE of the candidate in the area of energy....to be discarded later by telling us that the research proved drilling was contraindicated.


18 posted on 06/26/2012 2:56:54 PM PDT by SumProVita (Cogito, ergo...Sum Pro Vita. (Modified Decartes))
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To: Oldeconomybuyer

He’s trying to create the illusion that he’s doing something.


19 posted on 06/26/2012 3:01:37 PM PDT by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: Oldeconomybuyer

How magnanimous of Emperor 0 , less than 6 months out from a looming bloodbath.


20 posted on 06/26/2012 3:02:56 PM PDT by NormsRevenge (Semper Fi)
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To: Oldeconomybuyer
As soon as the rigged election is over he'll cancel it.
21 posted on 06/26/2012 3:07:32 PM PDT by E. Pluribus Unum (Government is the religion of the sociopath.)
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To: Oldeconomybuyer

LOL! HILARIOUS!

Is anyone buying this crap?


22 posted on 06/26/2012 3:21:09 PM PDT by SoFloFreeper
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To: glorgau

Bingo - more “Free Beer Tomorrow”


23 posted on 06/26/2012 3:30:28 PM PDT by Lou Budvis (FUBO .... Since 2008)
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To: Oldeconomybuyer
..more drilling in Arctic waters, though at a pace that allows for more research before additional permits are granted.

Deciphering the LSM/Obamaspeak - no change in policy, no new permits available.

24 posted on 06/26/2012 3:32:34 PM PDT by Thommas (The snout of the camel is in the tent..)
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To: alloysteel
No actual permits or drilling would ever occur under US auspices.

Permits will issued, so that BO can tell the public that he supports drilling.

Drilling will not be allowed, so that BO can assure his greenie base that he opposes drilling.

25 posted on 06/26/2012 3:49:01 PM PDT by Pilsner
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