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ExxonMobil Sues Obama Administration for Canceling Deepwater Well Worth ‘Billions of Barrels
Cybercast News Service ^ | 8/26/11 | Matt Cover

Posted on 08/26/2011 4:27:49 PM PDT by Nachum

ExxonMobil, the world’s largest energy company, filed a lawsuit against the federal government for canceling an oil-drilling lease in the Gulf of Mexico that held “billions of barrels of oil,” according to the company. In the suit, filed Aug. 12 in federal court in Louisiana against Interior Department Secretary Ken Salazar and related parties, Exxon alleges that the Interior Department made an “arbitrary, capricious” decision in canceling the deepwater leases, arguing that the government’s action “deprives ExxonMobil of property without due process of law.” ExxonMobil lawsuit

(Excerpt) Read more at cnsnews.com ...


TOPICS: Crime/Corruption; Government; News/Current Events; US: District of Columbia; US: Louisiana
KEYWORDS: administration; exxonmobil; jobskilled; obama; oil; sues
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ExxonMobil Sues Obama Administration for Canceling Deepwater Well Worth ‘Billions of Barrels of Oil’
1 posted on 08/26/2011 4:27:55 PM PDT by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 08/26/2011 4:29:14 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

good


3 posted on 08/26/2011 4:29:30 PM PDT by yldstrk (My heroes have always been cowboys)
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To: Nachum

Good, turnabout is fair play.


4 posted on 08/26/2011 4:31:27 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: Nachum

Love this.


5 posted on 08/26/2011 4:34:37 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: tet68

Don’t mess with someone who buys and sells oil by the millions of barrels.


6 posted on 08/26/2011 4:36:06 PM PDT by pingman (Durn tootin'; I like Glock shootin'!)
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To: Nachum

0bama, get your boot off of the neck of the American economy!


7 posted on 08/26/2011 4:38:41 PM PDT by forgotten man (forgotten man)
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To: forgotten man
nobama is the Destroyer . Everything nobama does is intentional.
8 posted on 08/26/2011 4:40:53 PM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: Nachum

I am loving this!!!


9 posted on 08/26/2011 4:41:24 PM PDT by Gator113 (Palin 2012, period.....)
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To: Nachum

I don’t want to see anyone jumping on our guy, the Big Oh, on this one. After all, Project Skyrocket, that program designed to send energy prices through the roof, is falling behind schedule. This is easily seen by noting the fact that Chevy Volt sales are tanking while Americans continue to buy SUVs and those gas guzzling F-100s that they really don’t need.

I mean isn’t it obvious that dramatic action had to be taken to get energy prices heading in the right direction again?


10 posted on 08/26/2011 4:44:26 PM PDT by InterceptPoint (w)
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To: Nachum

Industry senses weakness in the won, starts defending themselves finally.


11 posted on 08/26/2011 4:44:47 PM PDT by omega4179 (Obama Downgrade)
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To: Nachum

Some guilt to be found on both sides.

On the one hand, a company sat on a lease without doing anything with it and did not get the request for an extension on time. On the other hand, an administration that wants billions to spend for leasing it to China or some other country where we will not see anything from it.


12 posted on 08/26/2011 4:44:51 PM PDT by Ingtar (Together we go broke (from a Pookie18 post))
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To: Nachum
How does the expropriations by Chavez in Venezuela come to mind when I read this.

Hang in there Exxon you'll be back in business in January of 2013.

13 posted on 08/26/2011 4:47:02 PM PDT by Recon Dad ("Don't forget, incoming fire has the right of way..")
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To: Ingtar

Make that:

... a company sat on a lease without doing anything with it other than spending nearly $300,000,000.00 drilling two wells ....

:)


14 posted on 08/26/2011 4:51:28 PM PDT by OkiMusashi (Beware the fury of a patient man. --- John Dryden)
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To: Nachum

Years ago, 1. Exxon bids millions to explore for oil on this tract. 2. Wins the lease bid and starts exploration. 3. Years later, and with better technology, and multi millions invested, determines that this lease property is very viable, and applys for a lease extension. 4. BP has a problem and the government closes down Gulf oil exploration.

Now 5. Zer0’s anti oil administration wants to shut down Exxon’s claim??

It really seems to me that Exxon-Mobil should register to incorporate in Figi, where-ever, and stick a huge middle finger to the communist complex at the Washington Mall, thus derpiving it of billions in lease-tax revenue.


15 posted on 08/26/2011 4:54:22 PM PDT by Noob1999
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To: Nachum

Well, snap!


16 posted on 08/26/2011 5:03:37 PM PDT by Road Warrior ‘04 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
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To: Bushbacker1
We all should show our support and buy ExxonMobil stock!
17 posted on 08/26/2011 5:14:47 PM PDT by kempo
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To: Bushbacker1
We all should show our support and buy ExxonMobil stock!
18 posted on 08/26/2011 5:14:52 PM PDT by kempo
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To: InterceptPoint

I had a 78 f-100. 300 cid straight 6, 3 on the tree. Great
truck. Got almost 400k miles out of it. When i sold it, it
still ran, started right up but the blow-by was so bad you
couldn’t keep the dip stick in.
Oh by the way, Exxon will
get about as far with this as congress will get on fast
and furious. Nowhere.


19 posted on 08/26/2011 5:26:45 PM PDT by Slambat (The right to keep and bear arms. Anything one man can carry, drive or pull.)
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To: Nachum

This is great!
Add this to Perry suing for $350 Million for housing illegals in prison.
Sue this administration into oblivion!


20 posted on 08/26/2011 5:28:22 PM PDT by G Larry (I dream of a day when a man is judged by the content of his character)
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