Posted by mb50
Offshore Areas Open for Drilling when President Obama Took Office
Offshore Areas Blocked for Drilling under President Obama’s Final 2012-2017 Plan
By Ashlee Smith on July 13, 2012
The Obama administration is continuing its war on affordable energy for the American public. This time the effects of the administration’s policy decisions will come through the reduction of offshore drilling sites in the 2012-2017 offshore lease plan. The administration isn’t jumping up and down to bring attention to this issue, probably because there are no positives to be excited about. Further proof of this is the fact the Obama administration released the final plan the day of the Supreme Court’s ObamaCare decision. This distraction diverted most attention away from the drilling plan. Thankfully, the Obama administration doesn’t get the final word in this instance. Offshore drilling plans go through a process of public comment and Congressional review.
The Outer Continental Shelf Lands Act (OCSLA) requires a five-year plan for the production and sale of oil and gas needed to meet American energy needs. The Obama lease plan for the next five years will close 85 percent of the American offshore drilling areas from production. The “new” five-year plan essentially reinstates the 30-year moratorium for offshore energy production. Obama under his “all-the-above” energy plan has been working to restrict offshore drilling access. The uncertainty of the oil and gas drilling industry is causing companies to look to other countries to allow them to do offshore drilling. President Obama is causing unnecessary increases in energy costs and hampering job creation in various parts of the country, which have millions or even billions of barrels of untouched oil and natural gas. I thought the president said he was going to create jobs and help restore our economy? He has the perfect opportunity to do just that by opening up our Continental Shelf, but he’d rather push unaffordable, unattainable, and unreliable ‘green’ energy companies.
President Obama can’t run from the facts of the situation. His energy policy record is anything but promising for our future. In the last three years of President Obama’s term, offshore lease sale revenue is down over 250 times of what it was prior to him taking office, we went from collecting $9.48 billion to only $36 million in revenue. Even land oil production is down 13 percent from last year. The new plan Obama is supporting will only exacerbate the problem. The whole Atlantic and Pacific coasts, along with a majority of the Alaskan OCS areas off limits as well. Leases will become shorter, fewer in number, and increasingly costly. Yet Obama continues to stick by his statement that he’s increasing production and reducing oil imports.
“Millions of Americans are still looking for jobs. The Gulf Coast economy has yet to recover from President Obama’s moratorium on offshore drilling. President Obama has signaled today that he has no regard for our energy future, nor the jobs that a sensible, long-term plan for offshore development would create.”
“While we have seen some respite from rising gasoline prices, Americans are still paying almost double at the pump what they were when President Obama was inaugurated, and we are still just one natural disaster or foreign crisis away from a major supply disruption that could send prices soaring. To stabilize prices, we need a visionary, long-term supply solution. Earlier this month, the House passed a proposal with bipartisan support to remove the president’s barriers to American energy production and job creation. Today’s announcement underscores the urgent need for these commonsense reforms.”
The House Committee on Natural Resources has come up with a replacement plan to Obama administration. This congressional plan would allow for additional oil and natural gas leases, create jobs, encourage offshore energy development, and increase domestic energy production to give America more energy security.
- SMU Report: Permitting delays & new regs stifling offshore drilling (mb50.wordpress.com)
- House Republicans push alternative offshore drilling plan (fuelfix.com)
- Offshore drilling under fire from latest energy plan (humanevents.com)
- Obama’s Interior Department still going rogue (michellemalkin.com)
- Senators Aim to Repeal and Replace Obama’s 5-Year Offshore Drilling Plan (pjmedia.com)
- Nice: GOP looking to thwart Obama admin’s restrictive five-year drilling plan (hotair.com)
Posted in AMERICAS, Drilling, Eco-socialism, Economic policy, Energy, Exploration, North America, Oil & Gas - inland, Oil & Gas - offshore, Progressive Agenda, Regulation, Service, Tax Payer's Dime, Technology, United States
Tags: 250 times, Barack Obama, Down, Fred Upton, Obama, Obama administration, Offshore drilling, offshore lease sale, Outer Continental Shelf, over, reduction, Revenue, The Outer Continental Shelf Lands Act (OCSLA), United States, United States House Committee on Natural Resources
Posted by mb50
The main driver behind long-term deficits is government spending, not low revenue. While revenue will surpass its historical average of 18.1 percent of GDP by 2018, spending remains above its historical average of 20.2 percent, reaching 22.1 percent by 2022, even after $2.1 trillion in spending cuts in the Budget Control Act.