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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
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 Bushbacker1 (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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To: Recon Dad

China, N. Korea, Cuba, Iran, come on and drill, make a lot of money. When will we get it thru our heads, the USA don’t need stenkin no oil, the USA don’t need no stenkin revenue. Wake up, turd buckets.


21 posted on 08/26/2011 5:38:56 PM PDT by Waco (Nominate Palin or forget 2012 you lost)
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To: Nachum

A “pass the popcorn” moment. Exxon can afford the best legal representation money can buy.


22 posted on 08/26/2011 5:48:24 PM PDT by SpaceBar
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To: G Larry
Sue this administration

Democrats can not maintain competitiveness without insuring that large chucks of the economy are redistributed to trial lawyers.

23 posted on 08/26/2011 5:58:54 PM PDT by alrea
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To: SpaceBar

http://www.youtube.com/watch?v=c9Kq2W9aWq4


24 posted on 08/26/2011 6:05:25 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

Freepers: Good. Great. etc

Does anyone here believe that it will be Obama who pays for this....or might it come from the taxpayers?


25 posted on 08/26/2011 6:32:43 PM PDT by kidd (S&P gives Obama an 'AA+'...Obama's only published grade)
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To: Nachum

Socialist Nationalization bump for later......


26 posted on 08/26/2011 6:40:20 PM PDT by indthkr
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To: Nachum

finally.


27 posted on 08/26/2011 7:07:57 PM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: Noob1999

I’m ashamed at how our politicians treat US oil companies. We have the top minds in the worldwide petroleum business - true, cutting edge, technological leaders akin to the top minds in Silicon Valley. Every country and foreign oil company taps our knowledge and people for help. And yet politicians treat our oil companies like crap. God help us if the companies in Houston ever decide to leave the US.


28 posted on 08/26/2011 7:40:14 PM PDT by gotribe
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To: Slambat
started right up but the blow-by was so bad you couldn’t keep the dip stick in

What? Couldn't be fixed with new rings?

29 posted on 08/26/2011 7:47:48 PM PDT by no-s (B.L.O.A.T. and every day...because some day soon they won't be making any more...for you.)
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To: Nachum
“Accordingly, by enabling Interior to grant new leases on blocks with proven reserves, cancelation of the Original Julia Leases would give Interior the opportunity to collect millions of dollars in bonuses and royalties that it otherwise would not be entitled to collect if the Original Julia Leases are not canceled.”

Interior Dept Gives Approval to Brazilian Oil Company’s Gulf of Mexico Deep Water Facility #15
The facility will be used when the company begins oil and natural gas production at its Chinook-Cascade project in the near future, the department said. Petrobras is based in Brazil.

#55 exclusive economic zone
More specifically, the EEZ includes waters three to 200 miles (five to 322 kilometers) offshore (or nine to 200 miles – 14.5 to 322 kilometers – offshore in western Florida and Texas).

Seems pretty "in your face" by Interior to me. Besides, who's going to stand up and bring this to court like ExxonMobil did? The People?
They have no standing.

30 posted on 08/26/2011 8:00:42 PM PDT by philman_36 (Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
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At issue is an ExxonMobil project in a part of the Gulf of Mexico known as the Julia Field...

Obama Shocks Oil Industry by Cancelling Exxon Mobil and Statoil Leases

31 posted on 08/26/2011 8:10:06 PM PDT by philman_36 (Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
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To: thackney

Good news - Exxon had a a wake up call! Take this POS white house administration and take them to the woodshed! Except this time I support whaling the problem into oblivion...and then some! Crush this administration Exxon - do the job the president refuses to do!!! Put energy on the front line of the economy!


32 posted on 08/26/2011 8:34:42 PM PDT by Issaquahking (Perry/West 2012)
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To: Nachum
Arbitrary and capricious, if demonstrated, is a slam dunk claim, Arbitrary and capricious ia the antithesis of the rule of law, the Constitution and the Bill of Rights.

Say what you will, but Exxon is the best victim of government over-reaching; it has the means to launch the best offense. The government, on the other hand (the Obama Justice Department?) can no longer act as if the taxpayer has an unlimited checkbook, presumably the present Congress will now allow it, even if it means de-funding the Rogue Justice Department.

Imagine if the government decided tomorrow to cancel the contract with tens of millions of working Americans who upheld their side of the Social Security Contract. Let's not fool ourselves, the criminal executive Department would not hesitate to do exactly that if the current progressives in charge felt cornered.

If the Feds are allowed to break contracts at the whim of either ignorant or malevolent (the results are the same,) elected or appointed dictators, the American taxpayer doesn't stand a chance in hell, since he would be funding his oppressors without pity or recourse of any kind.

So yes, I am rooting for Exxon any way I can!

Fortunately, there have already been recent signals, Federal Court decisions, that have established that we elect presidents, not arbitrary monarchs, and that the checks and balances of the republic are still alive and well.

That mere men would place ego over the welfare of an entire country by preventing use of resources which are the legacy of all the people they feign to represent, is mind-boggling.

I am totally looking forward to the argument that this dysfunctional set of mini-tyrants will conjure up to try to justify something so clearly arbitrary and capricious.

33 posted on 08/26/2011 9:48:04 PM PDT by Publius6961 (My world was lovely, until it was taken over by parasites.)
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To: alrea

Are you saying you’d rather see this administration’s unconstitutional regulations, restrictions, and confiscations, go unchallenged, than reward “trial lawyers”?

These are NOT ambulance chasers that get 30% of some dreamt up award.

These lawyers get regulations overturned and ACTUAL DAMAGES paid.


34 posted on 08/27/2011 7:27:04 AM PDT by G Larry (I dream of a day when a man is judged by the content of his character)
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