Posted on 01/22/2009 10:12:18 AM PST by Free ThinkerNY
WASHINGTON, Jan 21 (Reuters) - U.S. President Barack Obama may order a hold on a proposal issued in the final days of the Bush administration to expand offshore drilling in previously banned areas, an Interior Department official told Reuters on Wednesday.
Shortly after being sworn in on Tuesday, Obama ordered all federal agencies and departments to halt pending regulations until they can be reviewed by incoming staff.
An Interior official said the department is waiting for clarification from the White House on whether a proposed draft of a five-year plan to lease areas in the Atlantic and Pacific waters for oil and natural gas drilling can go forward.
(Excerpt) Read more at in.reuters.com ...
Surprise
You can bet on it.
May? Forgone conclusion. Watch what the oil price does.
OBAMA, THE STOCK MARKET, AND ENERGY
Congress voted on this and it was passed. O cannot stop with the other branch of government by demands of the people have done.
He does not have all the power the media, press and he thinks he has.
Helping OPEC restrict supplies, in order to boost the price of oil, is one way to make “green energy” seem affordable. If you can’t close the price gap, by making “green” energy cheaper — simply make the old standbys more expensive.
Its this kind of uber liberal thinking that got us into the economic chaos we are experiencing in the first place.
Exactly the wrong moment for the incoming President to do this, given the economy’s weakened state.
Just mentioning it could, and probably will, drive the price of oil per barrel up.
In regard to $4 gallon gas, during the campaign he did say that he wished the price had not risen there “so quickly” not that there was anything inherently wrong with $4 gas.
If you want to give up drinking, pledge to have a drink everytime Obama does something not left of center.
Yippy. :-|
Wow ya think?!?
80% want the drilling.
The election of Obama never made an ounce of logical sense. When we have a gas crisis, terror attack, inflation - man the list of Obama’s “achievements” is growing.
No, there was no vote.
What happened was they did NOT vote on another 1 year extension to the drilling ban as had been done for years. They let it expire when the last ban ended without any vote.
There was both a congressional ban and presidential ban. President Bush first reversed the executive order. Then the congress did not act to extend their ban.
Drill HERE. Drill NOW. Do it, ANYHOW.
Gas prices started going down last summer when Bush announced opening up offshore drilling and started going up two weeks before the inauguration
coincidence? just wait
Obstruct Baby, Obstruct
$4 gasoline, making a comeback courtesy of the Bambi.
Hopefully Zer0 isn't too dense to realize that cheap fuel at this time is much better than greenie weenies getting their way.
Unless the OPEC countries are heck bent on pushing us over the cliff, cheap oil is to their own benefit in the future.
Seen the layoffs announced today? Checked Bloomberg commodities prices?
Read where there's another $2 trillion of toxic paper out there the US is going to have to buy back to stabilize the USD?
But then again, when was the last time a LibDim ever done the right thing for the country other than spend their money?
Is there no justice?
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