But it will affect all of America, of course.
“But the 25 properties were “non-performing” only because they have been tangled in red-tape since President Barack Obama took office in 2009, even though they were leased in 2005 during George W. Bush’s administration.”
BS
They were non performing because they weren’t drilled. They were permitted in 2005, with 3 more years of Bush and they didn’t drill.
Then they didn’t drill because the price of oil sank in 2008 and didn’t get back up til 2011-12. Then oil price fell again starting mid 2014.
These leases were not drilled and thus are non performing and they weren’t drilled because it is/was unprofitable to do so.
If there’s anything worth learning from last Tuesday it is the dangers of believing your own propaganda. It didn’t drill because it would lose millions to drill. Not because some evil left winger prevented it.