Obama doesn't care about these workers

The stupidity on tap in this forum is 200 proof. Almost every conservative I know works for a living. A conservative is someone who understands that sending money to tics on the ass of society doesn't help anyone but the tics.


Why does the right suddenly pretend to care about workers and jobs? They care about "corporate welfare" and bible-ism. When they are not hating the gays, Muslims, blacks, Hispanics and trying to slash women's rights, that is.
 
More American Jobs lost...More domestic production shut down.


The EPA Continues to Feed The Speculators: Shell Oil Loses $4 Billion as They Abandon Drilling in The Arctic

beaufort-415x250.png


(FOX News) – Shell Oil Company has announced it must scrap efforts to drill for oil this summer in the Arctic Ocean off the northern coast of Alaska. The decision comes following a ruling by the EPA’s Environmental Appeals Board to withhold critical air permits. The move has angered some in Congress and triggered a flurry of legislation aimed at stripping the EPA of its oil drilling oversight.

Shell has spent five years and nearly $4 billion dollars on plans to explore for oil in the Beaufort and Chukchi Seas. The leases alone cost $2.2 billion. Shell Vice President Pete Slaiby says obtaining similar air permits for a drilling operation in the Gulf of Mexico would take about 45 days. He’s especially frustrated over the appeal board’s suggestion that the Arctic drill would somehow be hazardous for the people who live in the area. “We think the issues were really not major,” Slaiby said, “and clearly not impactful for the communities we work in.”

The closest village to where Shell proposed to drill is Kaktovik, Alaska. It is one of the most remote places in the United States. According to the latest census, the population is 245 and nearly all of the residents are Alaska natives. The village, which is 1 square mile, sits right along the shores of the Beaufort Sea, 70 miles away from the proposed off-shore drill site


Energy in America: EPA Rules Force Shell to Abandon Oil Drilling Plans - FoxNews.com
 
The stupidity on tap in this forum is 200 proof. Almost every conservative I know works for a living. A conservative is someone who understands that sending money to tics on the ass of society doesn't help anyone but the tics.


Why does the right suddenly pretend to care about workers and jobs? They care about "corporate welfare" and bible-ism. When they are not hating the gays, Muslims, blacks, Hispanics and trying to slash women's rights, that is.

Nancy Pelosi disagrees....[ame=http://www.youtube.com/watch?v=WUAG3Fqz56s&feature=player_embedded]YouTube - Pelosi Unemployment[/ame]
Unemployment benefits are creating jobs faster than practically any other program, House Speaker Nancy Pelosi said Thursday.

Talking to reporters, the House speaker was defending a jobless benefits extension against those who say it gives recipients little incentive to work. By her reasoning, those checks are helping give somebody a job.

“It injects demand into the economy,” Pelosi said, arguing that when families have money to spend it keeps the economy churning. “It creates jobs faster than almost any other initiative you can name.”

:lol::lol::lol::lol:
 
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More American Jobs lost...More domestic production shut down.


The EPA Continues to Feed The Speculators: Shell Oil Loses $4 Billion as They Abandon Drilling in The Arctic

beaufort-415x250.png


(FOX News) – Shell Oil Company has announced it must scrap efforts to drill for oil this summer in the Arctic Ocean off the northern coast of Alaska. The decision comes following a ruling by the EPA’s Environmental Appeals Board to withhold critical air permits. The move has angered some in Congress and triggered a flurry of legislation aimed at stripping the EPA of its oil drilling oversight.

Shell has spent five years and nearly $4 billion dollars on plans to explore for oil in the Beaufort and Chukchi Seas. The leases alone cost $2.2 billion. Shell Vice President Pete Slaiby says obtaining similar air permits for a drilling operation in the Gulf of Mexico would take about 45 days. He’s especially frustrated over the appeal board’s suggestion that the Arctic drill would somehow be hazardous for the people who live in the area. “We think the issues were really not major,” Slaiby said, “and clearly not impactful for the communities we work in.”

The closest village to where Shell proposed to drill is Kaktovik, Alaska. It is one of the most remote places in the United States. According to the latest census, the population is 245 and nearly all of the residents are Alaska natives. The village, which is 1 square mile, sits right along the shores of the Beaufort Sea, 70 miles away from the proposed off-shore drill site


Energy in America: EPA Rules Force Shell to Abandon Oil Drilling Plans - FoxNews.com

How quickly the tide turns!

This from April 15:

RIGZONE - Shell Expects to Drill in Alaska's Arctic in 2012
 
More American Jobs lost...More domestic production shut down.


The EPA Continues to Feed The Speculators: Shell Oil Loses $4 Billion as They Abandon Drilling in The Arctic

beaufort-415x250.png


(FOX News) – Shell Oil Company has announced it must scrap efforts to drill for oil this summer in the Arctic Ocean off the northern coast of Alaska. The decision comes following a ruling by the EPA’s Environmental Appeals Board to withhold critical air permits. The move has angered some in Congress and triggered a flurry of legislation aimed at stripping the EPA of its oil drilling oversight.

Shell has spent five years and nearly $4 billion dollars on plans to explore for oil in the Beaufort and Chukchi Seas. The leases alone cost $2.2 billion. Shell Vice President Pete Slaiby says obtaining similar air permits for a drilling operation in the Gulf of Mexico would take about 45 days. He’s especially frustrated over the appeal board’s suggestion that the Arctic drill would somehow be hazardous for the people who live in the area. “We think the issues were really not major,” Slaiby said, “and clearly not impactful for the communities we work in.”

The closest village to where Shell proposed to drill is Kaktovik, Alaska. It is one of the most remote places in the United States. According to the latest census, the population is 245 and nearly all of the residents are Alaska natives. The village, which is 1 square mile, sits right along the shores of the Beaufort Sea, 70 miles away from the proposed off-shore drill site


Energy in America: EPA Rules Force Shell to Abandon Oil Drilling Plans - FoxNews.com

How quickly the tide turns!

This from April 15:

RIGZONE - Shell Expects to Drill in Alaska's Arctic in 2012

:eek: My..how fast Obama and his cronies at the EPA work.
 
Brings to mind that I've been meaning to read this book:

[ame=http://www.amazon.com/Green-Hell-Environmentalists-Plan-Ruin/dp/1596985852]Amazon.com: Green Hell: How Environmentalists Plan to Control Your Life and What You Can Do to Stop Them (9781596985858): Steven Milloy: Books[/ame]
 
HUNDREDS EXPECTED TO JOIN PEARCE AT ROSWELL RALLY ON LIZARD


Roswell, NM (April 20, 2011) Congressman Steve Pearce will attend a rally in Roswell, New Mexico, to oppose the listing of the dunes sagebrush lizard as an endangered species. The rally will be held on Thursday, April 28th at 5:00 at the Great Southwest Aviation Airport Hangar. Hundreds of New Mexicans are expected to attend the event.

In recent weeks, Congressman Pearce has heard from an overwhelming number of constituents who oppose the listing, which threatens to kill an overwhelming number of oil and gas jobs in southeastern New Mexico. Congressman Pearce recently discussed the issue with a full room at a town hall meeting in Carlsbad. Approximately 200 people attended last night’s “warm-up rally” in Artesia.

The Roswell rally will immediately precede the public hearing held by Fish and Wildlife at the ENMU Performing Arts Center at 6:30.

The BLM, US Fish and Wildlife Service, and private entities, including the oil and gas industry, have been working together on the issue of protecting the Sand Dune Lizard. Despite these efforts, the Fish and Wildlife Service began working to list the lizard as endangered, an announcement that came just before Christmas of last year. Listing the species has the potential to jeopardize nearly all the oil and gas jobs in Southeast New Mexico. The same listing may jeopardize future development of the Nuclear Enrichment Facility near Eunice.

Locals have spoken out over the proposed listing. Kyla Taylor, a native of Artesia who attends New Mexico State University, contacted Rep. Pearce to voice her concerns. She and her father plan to start a local herbicide business, but she fears that if the lizard is listed as endangered, her dreams may become impossible. Furthermore, she explains, her grandmother’s job at the Navajo Refining Company will probably disappear as a result of the listing, along with the jobs of her friends and neighbors. “My hometown of Artesia and its economy depend heavily on Navajo and the other oil companies in the surrounding area,” said Taylor. “The federal government is placing more importance on the well-being of a lizard than on the livelihood of its hard working New Mexican citizens.”

HUNDREDS EXPECTED TO JOIN PEARCE AT ROSWELL RALLY ON LIZARD | Congressman Steve Pearce
 
This is unreal..

[ame=http://www.youtube.com/watch?v=tHlWdZgJcRY]YouTube - EPA Admits Jobs Don't Matter[/ame]
 
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Ahhhh. Poor little oil companies. We're making them wait until we're sure that they're not going to ruin everything again before we let them start extracting our resources from the ground while paying us a fraction of what it's worth.

Any oil company that doesn't have more than a year's worth of operating capital in reserve is in the wrong business. Oil drilling is speculation. Sometimes you win, sometimes you loose. Deal with it. Don't complain that the government won't let you start drilling until you have a safety protocol in place. That just makes you look reckless and makes me glad for the moratorium, because obviously you'd be out there risking another huge disaster otherwise.
 
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Ahhhh. Poor little oil companies. We're making them wait until we're sure that they're not going to ruin everything again before we let them start extracting our resources from the ground while paying us a fraction of what it's worth.

Any oil company that doesn't have more than a year's worth of operating capital in reserve is in the wrong business. Oil drilling is speculation. Sometimes you win, sometimes you loose. Deal with it. Don't complain that the government won't let you start drilling until you have a safety protocol in place. That just makes you look reckless and makes me glad for the moratorium, because obviously you'd be out there risking another huge disaster otherwise.

And you guys cant figure out why the American people get pissed at you for the high gas prices.
 
Ahhhh. Poor little oil companies. We're making them wait until we're sure that they're not going to ruin everything again before we let them start extracting our resources from the ground while paying us a fraction of what it's worth.

Any oil company that doesn't have more than a year's worth of operating capital in reserve is in the wrong business. Oil drilling is speculation. Sometimes you win, sometimes you loose. Deal with it. Don't complain that the government won't let you start drilling until you have a safety protocol in place. That just makes you look reckless and makes me glad for the moratorium, because obviously you'd be out there risking another huge disaster otherwise.


U.S. Gov't Agency Plans $2.84 Billion Loan for Oil Refinery—In Colombia Monday, April 18, 2011
By Terence P. Jeffrey
(CNSNews.com) - The U.S. Export-Import Bank, an independent agency of the federal government, is now planning a $2.84-billion loan for a massive project to expand and upgrade an oil refinery--in Cartagena, Colombia.

The money would go to Reficar, a wholly owned subsidiary of Ecopetrol, the Colombian national oil company.

“This is part of a $5.18 billion refinery and upgrade project in Cartagena, Colombia supplying petroleum products to the domestic and export markets,” the Export-Import Bank said in a statement.

The U.S. government-controlled bank says the $2.84-billion in financing it plans to undertake will be the second largest project it has ever done. The largest was $3 billion in financing for a liquid natural gas project in Papua New Guinea.

The statement released by the bank said that on April 7 the bank’s presidentially-appointed board of directors had “voted to grant preliminary approval for a $2.84 billion direct loan/loan guarantee” for the Colombian refinery project.

U.S. Gov't Agency Plans $2.84 Billion Loan for Oil Refinery
 
CNS news. The right news. Right now.

When it says right news, does that mean news for right wingers? Or does that mean they show you the right news, and not the wrong news? Don't want you seeing the wrong news. It might broaden your perspective.

Obama is clearly exporting our wealth in the form of subsidies to other nations' infrastructure creation because he hates America and wants it to fail. There is no other rational explanation. I'm sure that there is no context that is being ignored in that article.
 
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worldfossilfuel.jpg



Thus it perhaps falls to a friend of the US (i.e. me) to state that if the White House is in any way serious about impacting the economic Black Hole that is the burgeoning national debt, reinvigorating business big-time, creating real jobs and restoring ebbing national wealth, the best shot by a distance if you’re American ... well, you’re standing on it, or rather above it.


While love, spiritually speaking and in fiction, may make the world go around, it is energy – and mostly hydrocarbon energy – that actually drives it. As blockbuster thrillers sometimes put it, “Who will tell the President?”


Political pantomime


From over here, the lack of a comprehensive US energy policy and the incoherence of President Obama’s political take on energy, reminds me of a pantomime I saw last Christmas, Aladdin. The cave is full of energy riches, but ‘Emperor’ Obama – or is it Wishy-Washy? –refuses to allow the words “open sesame” to be spoken.


Senator Lisa Murkowski, Ranking Member of the Senate Energy and National Resources Committee, takes up the theme: “As we debate ways to reduce gas prices and provide relief to American families and businesses, this report should be required reading for every member of Congress.” How about for every American citizen too, Senator? Murkowski adds, “For the sake of our national security, our economy, and the world’s environment, we need to explore and develop more of our own resources.”


“The Obama administration has made a conscious policy choice to raise energy prices, accomplished in good measure by restricting access to domestic energy supplies.” So says Senator James Inhofe, a Ranking Member of the Senate Environment and Public Works Committee. He adds forthrightly, “We could help bring affordable energy to consumers, create new jobs, and grow the economy if the Obama administration would simply get out of the way so America can realize its true energy potential.”


Wow, heavy stuff. But then there’s much to be ‘heavy’ about.


While the US is often depicted as having only a tiny minority of the world’s oil reserves at around 28 billion barrels (based on the somewhat misleading figure of ‘proven reserves’) according to the CRS in reality it has around 163 billion barrels. As Inhofe’s EPW press release comments, “That’s enough oil to maintain America’s current rates of production and replace imports from the Persian Gulf for more than 50 years”

Energy Tribune- U.S. Has Earth
 
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Ahhhh. Poor little oil companies. We're making them wait until we're sure that they're not going to ruin everything again before we let them start extracting our resources from the ground while paying us a fraction of what it's worth.

Any oil company that doesn't have more than a year's worth of operating capital in reserve is in the wrong business. Oil drilling is speculation. Sometimes you win, sometimes you loose. Deal with it. Don't complain that the government won't let you start drilling until you have a safety protocol in place. That just makes you look reckless and makes me glad for the moratorium, because obviously you'd be out there risking another huge disaster otherwise.
You are an intellectually vapid individual.
The spokesperson in the video clearly has no concern about jobs with regard to the effects of EPA rulings and their adverse effect on employment.
To post in response with "poor little oil companies" is a response I would expect from a one in the grave the other on a banana peel Obama kool-aid drinking fruit loop.
You people haven't a fucking clue what makes this nation function. You have been brainwashed by Obama and his band of thieves that government is the answer to everything. Your Mommy and Daddy is government.

Now, since you opened the door....I want you to look around the room in which your insignficant presence happens to occupy. Now, tell the board all of the materials and substances that are not made with, by or contain some form of petroleum derivative, petro-chemical ingredient or arrived at your abode without the the use of crude oil , diesel or gasoline. I'll save you a whole bunch of time...The answer is .....NOTHING.....Ok genius.
Like it or not the US and for that matter the world's economic well being is inexorably tied and relies on the free flow of petroleum. So now you want to bitch like a teenaged girl who's daddy told her she couldn't go to a party that you believe the US oil firms are not paying enough for harvesting oil ......You must live in a parallel universe.
"Ruin everything"....Ruin WHAT? Why don't you try being a bit more vague. Vague gives you lots of wiggle room. Specificity is far too risky for you.
Your messiah Obama claims to be for the little guy. He claims he wants to defend the middle class from the wealthy and he also claims America should be a "fair country"..Ok, tell me this, how much fairness is there when a low or even middle income person is spending 25% of their weekly pay on fuel and another 25% on food. All because Obama shut down 33% of our oil production( gulf drilling ban) and has given billions in ethanol subsidies to corn growers to make that silly fuel.. Gasoline prices averaged $1.90 per gallon on 1/20/09....The price has now DOUBLED....Yes risen 100 PER CENT....
Corn per the commodities prices has risen by almost the same number. Food prices have risen sharply because all items made with or animals fed with corn have risen in price as well. Obama has no plan for economic recovery. His renegade EPA just shut down Shell Oil's drliling operation in the Arctic region north of Alaska not because the permitting procedure was not proper but because some ass wipe EPA bureaucrat decided the ships that will carry supplies to the area emit too much greenhouse gas...What a fucking crock.
And who gave the EPA the power to wipe out a business? Our exalted ruler Dr Field Marshall Barack Hussein Obama...That's who...
So don't try posting on here some bullshit about how much you hate the oil companies. Ok fine hate them. But don't cry like a bitch when you can't fill your moped with gas....
People who don't work don't care about the price of gas because there is always a liquor store that sells cigarettes and beer within walking distance. Ya get my meaning, mr freeloader? Now go stick your overstuffed mug back into the taxpayer trough.
Now you will respond and try in vain to be clever. Don't bother. Because you'd better bring a whole lot more than your room temperature IQ could think of in a couple of decades.
Back to the 60's where you belong...Peace love dope. Now get the fuck out of here!
 
CNS news. The right news. Right now.

When it says right news, does that mean news for right wingers? Or does that mean they show you the right news, and not the wrong news? Don't want you seeing the wrong news. It might broaden your perspective.

Obama is clearly exporting our wealth in the form of subsidies to other nations' infrastructure creation because he hates America and wants it to fail. There is no other rational explanation. I'm sure that there is no context that is being ignored in that article.
What context might that be? Why don't you explain it to the group....
See you Lefties look upon raw facts as doomsday. You need your news spoon fed to you in sanitized 10 second sound bites and blaring newspaper blurbs..Anything that requires thought or analysis to you is a burden.
Now, are we or are we not giving the Colombian government $2.84 billion?
 
worldfossilfuel.jpg



Thus it perhaps falls to a friend of the US (i.e. me) to state that if the White House is in any way serious about impacting the economic Black Hole that is the burgeoning national debt, reinvigorating business big-time, creating real jobs and restoring ebbing national wealth, the best shot by a distance if you’re American ... well, you’re standing on it, or rather above it.


While love, spiritually speaking and in fiction, may make the world go around, it is energy – and mostly hydrocarbon energy – that actually drives it. As blockbuster thrillers sometimes put it, “Who will tell the President?”


Political pantomime


From over here, the lack of a comprehensive US energy policy and the incoherence of President Obama’s political take on energy, reminds me of a pantomime I saw last Christmas, Aladdin. The cave is full of energy riches, but ‘Emperor’ Obama – or is it Wishy-Washy? –refuses to allow the words “open sesame” to be spoken.


Senator Lisa Murkowski, Ranking Member of the Senate Energy and National Resources Committee, takes up the theme: “As we debate ways to reduce gas prices and provide relief to American families and businesses, this report should be required reading for every member of Congress.” How about for every American citizen too, Senator? Murkowski adds, “For the sake of our national security, our economy, and the world’s environment, we need to explore and develop more of our own resources.”


“The Obama administration has made a conscious policy choice to raise energy prices, accomplished in good measure by restricting access to domestic energy supplies.” So says Senator James Inhofe, a Ranking Member of the Senate Environment and Public Works Committee. He adds forthrightly, “We could help bring affordable energy to consumers, create new jobs, and grow the economy if the Obama administration would simply get out of the way so America can realize its true energy potential.”


Wow, heavy stuff. But then there’s much to be ‘heavy’ about.


While the US is often depicted as having only a tiny minority of the world’s oil reserves at around 28 billion barrels (based on the somewhat misleading figure of ‘proven reserves’) according to the CRS in reality it has around 163 billion barrels. As Inhofe’s EPW press release comments, “That’s enough oil to maintain America’s current rates of production and replace imports from the Persian Gulf for more than 50 years”

Energy Tribune- U.S. Has Earth

And at $113 per barrel that makes us the de-facto richest nation on earth. Hell with just a fraction of that oil coming out of the ground, the additional revenue from royalties alone could eliminate a significant portion of the us govt debt.
 
More energy production here in this country would bring in billions of dollars to state and federal governments and would also put 100s of thousands of people to work and lower gas prices. Obama doesn't care about these workers...


Seahawk becomes first Gulf of Mexico drilling company to file bankruptcy due to offshore drilling moratorium

102381288-300x200.jpg





The first off-shore drilling company in the Gulf of Mexico to declare bankruptcy has blamed the government-imposed standstill for a shortage of shallow-water permits following the summer’s massive oil spill. Texas-based Seahawk Drilling, the second-largest shallow-water driller operating in the Gulf, announced it had filed for bankruptcy Friday and would be selling its remaining assets to Hercules Offshore.

The asset sale through Chapter 11 is valued at $105 million.

According to the press release announcing the sale, the company’s liquidity and revenue stream “have been adversely affected by the dramatic slowdown in the issuing of shallow-water permits in the U.S. Gulf of Mexico following the Macondo well blowout.”

Chief Executive Randy Stilley said that while the outcome is best for the company’s stakeholders, “I think it is important to note that Seahawk was forced to seek strategic alternatives only after an unprecedented decline in the issuance of offshore drilling permits following the Macondo blowout.”

Democratic Sen. Mary Landrieu of Louisiana called the bankruptcy an “economic nightmare.”

“I have repeatedly said that the administration’s excruciatingly slow release of oil and gas permits will cause job losses,” Landrieu said in a statement. “How many more rigs have to leave and how many more businesses have to close before it realizes the havoc the de facto moratorium is wrecking on the Gulf Coast?”



Read more: Obama Drilling Moratorium | Gulf Oil Drilling Company Bankrupt | The Daily Caller - Breaking News, Opinion, Research, and Entertainment

You are an idiot.
"We" don't have any oil. The rights to drill "our" oil are leased to corporations mostly multinational and the oil is sold on the open market to the highest bidder. The high cost at the pump is a direct result of record profit taking by the refineries. But you don't really care about facts do you? 370 million in profits a day sparky last qtr.. Supply is not the problem..it is production regulated at the refineries. But don't let that slow down your bullshit. The more people that are miss-informed the better for your overlords.
 
More energy production here in this country would bring in billions of dollars to state and federal governments and would also put 100s of thousands of people to work and lower gas prices. Obama doesn't care about these workers...


Seahawk becomes first Gulf of Mexico drilling company to file bankruptcy due to offshore drilling moratorium

102381288-300x200.jpg





The first off-shore drilling company in the Gulf of Mexico to declare bankruptcy has blamed the government-imposed standstill for a shortage of shallow-water permits following the summer’s massive oil spill. Texas-based Seahawk Drilling, the second-largest shallow-water driller operating in the Gulf, announced it had filed for bankruptcy Friday and would be selling its remaining assets to Hercules Offshore.

The asset sale through Chapter 11 is valued at $105 million.

According to the press release announcing the sale, the company’s liquidity and revenue stream “have been adversely affected by the dramatic slowdown in the issuing of shallow-water permits in the U.S. Gulf of Mexico following the Macondo well blowout.”

Chief Executive Randy Stilley said that while the outcome is best for the company’s stakeholders, “I think it is important to note that Seahawk was forced to seek strategic alternatives only after an unprecedented decline in the issuance of offshore drilling permits following the Macondo blowout.”

Democratic Sen. Mary Landrieu of Louisiana called the bankruptcy an “economic nightmare.”

“I have repeatedly said that the administration’s excruciatingly slow release of oil and gas permits will cause job losses,” Landrieu said in a statement. “How many more rigs have to leave and how many more businesses have to close before it realizes the havoc the de facto moratorium is wrecking on the Gulf Coast?”



Read more: Obama Drilling Moratorium | Gulf Oil Drilling Company Bankrupt | The Daily Caller - Breaking News, Opinion, Research, and Entertainment

You are an idiot.
"We" don't have any oil. The rights to drill "our" oil are leased to corporations mostly multinational and the oil is sold on the open market to the highest bidder. The high cost at the pump is a direct result of record profit taking by the refineries. But you don't really care about facts do you? 370 million in profits a day sparky last qtr.. Supply is not the problem..it is production regulated at the refineries. But don't let that slow down your bullshit. The more people that are miss-informed the better for your overlords.

Idiot?.....Umm genius. The harvesting of more oil no matter where it is sold increases the supply. Commodities exchanges by which the price of oil is set, do not care where oil comes from nor do they care who buys it. They bid the price based on supply vs demand vs the value of the US Dollar. The currency on which the price is based.
Intellectually you brought a knife to a gun fight. Nice move.
Who is the idiot now? You don't have to answer that.
Profit taking? Hey Einstein, once again you've exposed yourself. The refiners pay the same price as those companies that drill for the oil just as the shipping companies and pipeline owner pay to get the product to market.
Jesus Christ ,you are stupid.
 
More energy production here in this country would bring in billions of dollars to state and federal governments and would also put 100s of thousands of people to work and lower gas prices. Obama doesn't care about these workers...


Seahawk becomes first Gulf of Mexico drilling company to file bankruptcy due to offshore drilling moratorium

102381288-300x200.jpg





The first off-shore drilling company in the Gulf of Mexico to declare bankruptcy has blamed the government-imposed standstill for a shortage of shallow-water permits following the summer’s massive oil spill. Texas-based Seahawk Drilling, the second-largest shallow-water driller operating in the Gulf, announced it had filed for bankruptcy Friday and would be selling its remaining assets to Hercules Offshore.

The asset sale through Chapter 11 is valued at $105 million.

According to the press release announcing the sale, the company’s liquidity and revenue stream “have been adversely affected by the dramatic slowdown in the issuing of shallow-water permits in the U.S. Gulf of Mexico following the Macondo well blowout.”

Chief Executive Randy Stilley said that while the outcome is best for the company’s stakeholders, “I think it is important to note that Seahawk was forced to seek strategic alternatives only after an unprecedented decline in the issuance of offshore drilling permits following the Macondo blowout.”

Democratic Sen. Mary Landrieu of Louisiana called the bankruptcy an “economic nightmare.”

“I have repeatedly said that the administration’s excruciatingly slow release of oil and gas permits will cause job losses,” Landrieu said in a statement. “How many more rigs have to leave and how many more businesses have to close before it realizes the havoc the de facto moratorium is wrecking on the Gulf Coast?”



Read more: Obama Drilling Moratorium | Gulf Oil Drilling Company Bankrupt | The Daily Caller - Breaking News, Opinion, Research, and Entertainment

You are an idiot.
"We" don't have any oil. The rights to drill "our" oil are leased to corporations mostly multinational and the oil is sold on the open market to the highest bidder. The high cost at the pump is a direct result of record profit taking by the refineries. But you don't really care about facts do you? 370 million in profits a day sparky last qtr.. Supply is not the problem..it is production regulated at the refineries. But don't let that slow down your bullshit. The more people that are miss-informed the better for your overlords.

Idiot?.....Umm genius. The harvesting of more oil no matter where it is sold increases the supply. Commodities exchanges by which the price of oil is set, do not care where oil comes from nor do they care who buys it. They bid the price based on supply vs demand vs the value of the US Dollar. The currency on which the price is based.
Intellectually you brought a knife to a gun fight. Nice move.
Who is the idiot now? You don't have to answer that.
Profit taking? Hey Einstein, once again you've exposed yourself. The refiners pay the same price as those companies that drill for the oil just as the shipping companies and pipeline owner pay to get the product to market.
Jesus Christ ,you are stupid.

No sir ..you are the idiot and quite likely a liar. Shell and Exxon pay for U S and Canadian crude roughly for the same price as Texas Sweet crude which is running about 108 a barrel and sell it to their own refineries here in the U S for the price of North Sea Atlantic Crude which is going for about 130 a barrel. It isn't a gunfight idiot. It is a scam. We have 2% of the known reserves on the planet. If we sold all of our oil and drilled it this year and GAVE it to "Our" refineries we would still pay the same at the pump because the oil companies have no conscience towards American consumers.

Tell your bullshit to somebody else fuckwit.
 

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