Oil Prices: Another Glaring Example of Liberal Hypocrisy

[Poli_Sigh]

Oil Prices: Another Glaring Example of Liberal Hypocrisy

Oil prices top $104 a barrel, highest since 2008

NEW YORK — Oil prices rose past $104 a barrel to end the week at a 29-month high, as fighting in Libya intensified and the world's largest petroleum consumer, the U.S., reported that employers added nearly 200,000 new jobs in February.

http://www.usatoday.com/money/indust...l-friday_N.htm

when this happened under bush....you couldn't turn the channel or surf the net without hearing how this was all bush's fault. be it his ties to the oil companies or the undeclared wars in iraq and afghanistan (probably more iraq)....now....a dem president

i don't see or hear any blame thrown obama's way. the left was in an uproar the last time this happened. why the silence now? why does obama get a pass?

That's because it was Bush's fault. He invaded 2 separate countries and iniated some of the longest military actions in this nation's history.

And nothing President Obama has done caused oil prices to spike.

You're right. Bush did nothing to cause most of the crap they threw at him. The question is not iwhether or not Bush deserved the blame. The question is why did Bush get the Blame while Obama does not.

Compare the Katrina and the Deep water drilling disaster. Not the actual events, but the way they were reported and the slant taken by the reporting. Try the statements of the opposition party's elite.

Finally, with the current crisis in oil pricing, please explain which party has done the most to restrict drilling and homeland oil production.

In the 1970s Middle Eastern oil was selling for $3 a barrel and gas price per gallon was $0.27. The fact that we at that time almost entirely abandoned exploring or drilling for oil locally was not in response to any environmental concerns - it was in response to the vast chasm that existed between the cost of producing Arab oil vs. home grown oil. And the long-held knowledge that the Arab nations were sitting on just about all the oil that could be gotten to in the world, wasn't exactly a turn-off either.

No doubt one of the many reasons some offer the absurd notion that Bush and Cheney were among the 9/11 co-conspirators no doubt arises from their financial link to Middle Eastern oil.

It's obvious the Bush Administration downplayed the importance of investigating the exact nature of Saudi Arabian involvement in 9/11. Nurturing and maintaining friendship with the Saudi Arabians has long been an essential piece to ensuring our oil dependency needs would not be interrupted. So we ignored the elephant in the middle of the room (no pun intended) opting instead to pursue an unattainable myth (bin Laden) through an unobtainable territory (Afghanistan).

As is the nature of the history of the nation's of the world, America's ultimate fate may not be decided for decades to come or it may be decided within a few short years. We are no longer King of the Hill - and many of us don't find that a bad thing. I know I personally had become tired of being part of a modern Atlas holding up the world. But we must once again rise to the challenge of being masters of our own fates by demanding that the counter-productive political nonsense which has become doing business as usual in Washington D.C. cease and desist post haste. Otherwise should we continue along the polarized lines which have developed between the only two political views representing our interests, we will indeed be a house divided upon itself. And as perhaps our greatest President prophesied "... A house divided upon itself cannot stand - and upon that foundation do our enemies build their hopes of subduing us."

 

[Soggy in NOLA]

Oil Prices: Another Glaring Example of Liberal Hypocrisy

Oil prices top $104 a barrel, highest since 2008

NEW YORK — Oil prices rose past $104 a barrel to end the week at a 29-month high, as fighting in Libya intensified and the world's largest petroleum consumer, the U.S., reported that employers added nearly 200,000 new jobs in February.

http://www.usatoday.com/money/indust...l-friday_N.htm

when this happened under bush....you couldn't turn the channel or surf the net without hearing how this was all bush's fault. be it his ties to the oil companies or the undeclared wars in iraq and afghanistan (probably more iraq)....now....a dem president

i don't see or hear any blame thrown obama's way. the left was in an uproar the last time this happened. why the silence now? why does obama get a pass?

That's because it was Bush's fault. He invaded 2 separate countries and iniated some of the longest military actions in this nation's history.

And nothing President Obama has done caused oil prices to spike.

What a fucking tool.

 

[Trajan]

Oil Prices: Another Glaring Example of Liberal Hypocrisy

Oil prices top $104 a barrel, highest since 2008

NEW YORK — Oil prices rose past $104 a barrel to end the week at a 29-month high, as fighting in Libya intensified and the world's largest petroleum consumer, the U.S., reported that employers added nearly 200,000 new jobs in February.

http://www.usatoday.com/money/indust...l-friday_N.htm

when this happened under bush....you couldn't turn the channel or surf the net without hearing how this was all bush's fault. be it his ties to the oil companies or the undeclared wars in iraq and afghanistan (probably more iraq)....now....a dem president

i don't see or hear any blame thrown obama's way. the left was in an uproar the last time this happened. why the silence now? why does obama get a pass?

That's because it was Bush's fault. He invaded 2 separate countries and iniated some of the longest military actions in this nation's history.

And nothing President Obama has done caused oil prices to spike.

hummm;

The Obama Administration acted in contempt by continuing its deepwater drilling moratorium after the policy was struck down, a New Orleans judge ruled.

Interior Department regulators acted with “determined disregard” by lifting and reinstituting a series of policy changes that restricted offshore drilling, following the worst offshore oil spill in U.S. history, U.S. District Judge, Martin Feldman of New Orleans ruled yesterday.

“Each step the government took following the court’s imposition of a preliminary injunction showcases its defiance,” Feldman said in the ruling.

“Such dismissive conduct, viewed in tandem with the re- imposition of a second blanket and substantively identical moratorium, and in light of the national importance of this case, provide this court with clear and convincing evidence of the government’s contempt,” Feldman said.

U.S. in Contempt Over Gulf Drill Ban, Judge Rules - Bloomberg

Obama is blocking 103 Gulf Drilling Permits Sallow. This has been going on for how long? Speculators look at the short term and long term, supply drys up incrementally prices rise incrementally the sopike higehr on news as we see form the ME.



I agree that he has nothing to do with the ME unrest ( to an extent), . Should he go in and topple gaddafi btw? that would ease things..no?

 

[NYcarbineer]

It's worth noting that the OP doesn't express his OWN opinion on the situation,

now, or then.

 

[Sheldon]

Obama is blocking 103 Gulf Drilling Permits Sallow. This has been going on for how long? Speculators look at the short term and long term, supply drys up incrementally prices rise incrementally the sopike higehr on news as we see form the ME.

Some blame can be fairly placed on the Obama administration's shoulders. I can't see how blocking all those drilling permits would help to bring the price of oil per barrel down. And you'll get more votes doing that than talking about polar bears.

However I think if we really want to get in a pissing contest I wouldn't place the same amount of blame on this administration's domestic policies as I would the former administration's foreign policies for each one's respective rise in gas prices, at least not right now.

My understanding is oil is sold almost exclusively on the global market, so it's inherently complex with a shitload of factors influencing prices at the pump. Trying to figure out how much blame goes where ends up just being a political game imao.

 

[skookerasbil]

LMAO Soggy.........Ive been saying for a long time this meathead Sallow is the most naive fcukk on the board!!!!


Asshole Alert: Those with the IQ of a handball..................


Presidents dont have dick to do with the prices of oil/gas

 

[Polk]

Oil Prices: Another Glaring Example of Liberal Hypocrisy

Oil prices top $104 a barrel, highest since 2008

NEW YORK — Oil prices rose past $104 a barrel to end the week at a 29-month high, as fighting in Libya intensified and the world's largest petroleum consumer, the U.S., reported that employers added nearly 200,000 new jobs in February.

http://www.usatoday.com/money/indust...l-friday_N.htm

when this happened under bush....you couldn't turn the channel or surf the net without hearing how this was all bush's fault. be it his ties to the oil companies or the undeclared wars in iraq and afghanistan (probably more iraq)....now....a dem president

i don't see or hear any blame thrown obama's way. the left was in an uproar the last time this happened. why the silence now? why does obama get a pass?

Blaming on the President was a stupid argument then, and it's a stupid argument now.

 

[Polk]

Oil Prices: Another Glaring Example of Liberal Hypocrisy

Oil prices top $104 a barrel, highest since 2008

NEW YORK — Oil prices rose past $104 a barrel to end the week at a 29-month high, as fighting in Libya intensified and the world's largest petroleum consumer, the U.S., reported that employers added nearly 200,000 new jobs in February.

http://www.usatoday.com/money/indust...l-friday_N.htm

when this happened under bush....you couldn't turn the channel or surf the net without hearing how this was all bush's fault. be it his ties to the oil companies or the undeclared wars in iraq and afghanistan (probably more iraq)....now....a dem president

i don't see or hear any blame thrown obama's way. the left was in an uproar the last time this happened. why the silence now? why does obama get a pass?

That's because it was Bush's fault. He invaded 2 separate countries and iniated some of the longest military actions in this nation's history.

And nothing President Obama has done caused oil prices to spike.

What, exactly, is the causal mechanism between the wars and increasing oil prices?

 

[Sheldon]

Oil Prices: Another Glaring Example of Liberal Hypocrisy

Oil prices top $104 a barrel, highest since 2008

NEW YORK — Oil prices rose past $104 a barrel to end the week at a 29-month high, as fighting in Libya intensified and the world's largest petroleum consumer, the U.S., reported that employers added nearly 200,000 new jobs in February.

http://www.usatoday.com/money/indust...l-friday_N.htm

when this happened under bush....you couldn't turn the channel or surf the net without hearing how this was all bush's fault. be it his ties to the oil companies or the undeclared wars in iraq and afghanistan (probably more iraq)....now....a dem president

i don't see or hear any blame thrown obama's way. the left was in an uproar the last time this happened. why the silence now? why does obama get a pass?

Blaming on the President was a stupid argument then, and it's a stupid argument now.

Do you think an administration's policies play no role in the oil market? Or are you saying the degree of blame is stupid?

 

[Polk]

Oil Prices: Another Glaring Example of Liberal Hypocrisy

Oil prices top $104 a barrel, highest since 2008

NEW YORK — Oil prices rose past $104 a barrel to end the week at a 29-month high, as fighting in Libya intensified and the world's largest petroleum consumer, the U.S., reported that employers added nearly 200,000 new jobs in February.

http://www.usatoday.com/money/indust...l-friday_N.htm

when this happened under bush....you couldn't turn the channel or surf the net without hearing how this was all bush's fault. be it his ties to the oil companies or the undeclared wars in iraq and afghanistan (probably more iraq)....now....a dem president

i don't see or hear any blame thrown obama's way. the left was in an uproar the last time this happened. why the silence now? why does obama get a pass?

Blaming on the President was a stupid argument then, and it's a stupid argument now.

Do you think an administration's policies play no role in the oil market? Or are you saying the degree of blame is stupid?

I think policies can play a small role at the margin, but stagnating global production and surging global demand are the far more important variables.

 

[kaz]

Oil Prices: Another Glaring Example of Liberal Hypocrisy

Oil prices top $104 a barrel, highest since 2008

NEW YORK — Oil prices rose past $104 a barrel to end the week at a 29-month high, as fighting in Libya intensified and the world's largest petroleum consumer, the U.S., reported that employers added nearly 200,000 new jobs in February.

http://www.usatoday.com/money/indust...l-friday_N.htm

when this happened under bush....you couldn't turn the channel or surf the net without hearing how this was all bush's fault. be it his ties to the oil companies or the undeclared wars in iraq and afghanistan (probably more iraq)....now....a dem president

i don't see or hear any blame thrown obama's way. the left was in an uproar the last time this happened. why the silence now? why does obama get a pass?

This is actually an example of a double standard, not hypocrisy

 

[MaggieMae]

Oil Prices: Another Glaring Example of Liberal Hypocrisy

Oil prices top $104 a barrel, highest since 2008

NEW YORK — Oil prices rose past $104 a barrel to end the week at a 29-month high, as fighting in Libya intensified and the world's largest petroleum consumer, the U.S., reported that employers added nearly 200,000 new jobs in February.

http://www.usatoday.com/money/indust...l-friday_N.htm

when this happened under bush....you couldn't turn the channel or surf the net without hearing how this was all bush's fault. be it his ties to the oil companies or the undeclared wars in iraq and afghanistan (probably more iraq)....now....a dem president

i don't see or hear any blame thrown obama's way. the left was in an uproar the last time this happened. why the silence now? why does obama get a pass?

It's always "different" somehow.

No, you just assume it's different. The same thing is happening now as happened two years ago: The hedge fund players are rolling the dice and causing oil commodities to skyrocket. There are any number of articles confirming that, as it relates to the current rise in oil prices, and if you look hard enough, you'll find the same kind of articles dated in 2008. But then, as now, the accusations by political factions flew. Wikipedia gives a history of the rise and fall two years ago, and the kind of dramatic increases/decreases in just a week's time in some cases proves that neither administration can be faulted.

2003 to 2008 world oil market chronology - Wikipedia, the free encyclopedia

On January 2, 2008, U.S. light crude surpassed $100 per barrel before falling to $99.69 due to tensions on New Years Day in Nigeria, and on suspicion that U.S. crude stocks will have dropped for the seventh consecutive week. A BBC report from the following day stated a single trader bid up the price; Stephen Schork, a former floor trader on the New York Mercantile Exchange and the editor of an oil market newsletter, said one floor trader bought 1,000 barrels (160 m3), the smallest amount permitted, and immediately sold it for $99.40 at a $600 loss.[24] Oil fell back later in the week to $97.91 at the close of trading on Friday, January 4, in part due to a weak jobs report that showed unemployment had risen.[25]

On March 5, 2008, OPEC accused the United States of economic "mismanagement" that was pushing oil prices to record highs, rebuffing calls to boost output and laying blame at the George W. Bush administration.[26] Oil prices surged above $110 to a new inflation-adjusted record on March 12, 2008 before settling at $109.92.[27] On April 18, 2008 the price of oil broke $117 per barrel after a Nigerian militant group claimed an attack on an oil pipeline.[28] Oil prices rose to a new high of $119.90 a barrel on April 22, 2008,[29] before dipping and then rising $3 on April 25, 2008 to $119.10 on the New York Mercantile Exchange after a news report that a ship contracted by the U.S. Military Sealift Command fired at an Iranian boat.[30]

On June 6, prices rose $11 in 24 hours, the largest gain in history due to the possibility of an Israeli attack on Iran.[31] The combination of two major oil suppliers reducing supply generated fears of a repeat of the 1973 oil crisis. The mid-July decision of Saudi Arabia to increase oil output caused little significant influence on prices. According to the oil minister of the Islamic Republic of Iran, Gholam-Hossein Nozari, the world markets were saturated[32] and a Saudi promise of increased production would not lower prices.[33] Several Asian refineries were refusing Saudi petroleum in late June because they were over priced grade.[34]

On July 3, "the Brent North Sea crude contract for August delivery rose to $US145.01 a barrel" in Asian trade.[35] London Brent crude reached a record of $145.75 a barrel, and Brent crude for August delivery peaked to a record $145.11 a barrel on London's ICE Futures Europe exchange, and to $144.44 a barrel on the NYMExchange.[36][37] By midday in Europe, crude rose to $145.85 a barrel on the NYME while Brent crude futures rose to a trading record of $146.69 a barrel on the ICE Futures exchange.[38][39]
[edit]Falling prices

March 2009, Dunellen, New Jersey
On July 15, 2008, a sell-off began after remarks by Chairman of the Federal Reserve, Ben Bernanke, indicated significant demand destruction within the US because of high prices. Bernanke's statement precipitated an $8 drop, the biggest since the first US-Iraq war.[40][41] By the end of the week, crude oil fell 11% to $128, also affected by easing of tensions between the US and Iran.[42] By August 13, prices had fallen to $113 a barrel.[43] By the middle of September, oil price fell below $100 for the first time in over six months,[44] falling below $92 in the aftermath of the Lehman Brothers bankruptcy.[45]

And then everyone just shut up. Until the current redux.

 

[MaggieMae]

Oil Prices: Another Glaring Example of Liberal Hypocrisy

Oil prices top $104 a barrel, highest since 2008

NEW YORK — Oil prices rose past $104 a barrel to end the week at a 29-month high, as fighting in Libya intensified and the world's largest petroleum consumer, the U.S., reported that employers added nearly 200,000 new jobs in February.

http://www.usatoday.com/money/indust...l-friday_N.htm

when this happened under bush....you couldn't turn the channel or surf the net without hearing how this was all bush's fault. be it his ties to the oil companies or the undeclared wars in iraq and afghanistan (probably more iraq)....now....a dem president

i don't see or hear any blame thrown obama's way. the left was in an uproar the last time this happened. why the silence now? why does obama get a pass?

That's because it was Bush's fault. He invaded 2 separate countries and iniated some of the longest military actions in this nation's history.

And nothing President Obama has done caused oil prices to spike.

You're right. Bush did nothing to cause most of the crap they threw at him. The question is not iwhether or not Bush deserved the blame. The question is why did Bush get the Blame while Obama does not.

Compare the Katrina and the Deep water drilling disaster. Not the actual events, but the way they were reported and the slant taken by the reporting. Try the statements of the opposition party's elite.

Finally, with the current crisis in oil pricing, please explain which party has done the most to restrict drilling and homeland oil production.

Isn't that what you and all the other anti-Obama crowd are doing here and everywhere else?

 

[MaggieMae]

That's because it was Bush's fault. He invaded 2 separate countries and iniated some of the longest military actions in this nation's history.

And nothing President Obama has done caused oil prices to spike.

*************************

The Iraq/Afgan wars are now the longest in American history and there appears to be no end in sight.

We are a stupid bunch!!!!!!

There are revolutions springing up all over the middle east. The resulting governments or lack of governments, will be the gauge with which to measure a bunch of things.

When the Iraq War was exposed to be an invasion without a plan, I said on a different board that the only way to actually judge what the success or failure of the thing was would be to check back in 50 years.

Bush said that he hoped that setting up a functioning democracy in the Middle east among Arabs and Muslims would be a guide for others to do the same. Of course, he had a vision of the way that free men should live. The Big O has a vision only of how to more completely Federalize the USA.

Bush had a vision without a plan. The Big 0 is just a shell without a clue.

Sadly, it appears that the only way to avoid societal carnage in the whole region will be to impose military rule everywhere as is happening in Egypt. Will it be a well reasoned move to democracy as happened in the USA, a bloody Reign of Terror as in France or a decent into lawlessness as is happening in Somolia?

50 years to find the answer.

Military rule will be required until new governments are formed. Otherwise, it will continue to be chaos. And it won't take 50 years.

 

[NYcarbineer]

Wasn't one of the stated goals of Bush's Iraq war to spread democracy throughout the Middle East?

Yes. Okay, so now it's happening, and one of the side effects is an instability premium being put on the price of oil.

So it's still Bush's fault.

 

[MaggieMae]

Oil Prices: Another Glaring Example of Liberal Hypocrisy

Oil prices top $104 a barrel, highest since 2008

NEW YORK — Oil prices rose past $104 a barrel to end the week at a 29-month high, as fighting in Libya intensified and the world's largest petroleum consumer, the U.S., reported that employers added nearly 200,000 new jobs in February.

http://www.usatoday.com/money/indust...l-friday_N.htm

when this happened under bush....you couldn't turn the channel or surf the net without hearing how this was all bush's fault. be it his ties to the oil companies or the undeclared wars in iraq and afghanistan (probably more iraq)....now....a dem president

i don't see or hear any blame thrown obama's way. the left was in an uproar the last time this happened. why the silence now? why does obama get a pass?

That's because it was Bush's fault. He invaded 2 separate countries and iniated some of the longest military actions in this nation's history.

And nothing President Obama has done caused oil prices to spike.

hummm;

The Obama Administration acted in contempt by continuing its deepwater drilling moratorium after the policy was struck down, a New Orleans judge ruled.

Interior Department regulators acted with “determined disregard” by lifting and reinstituting a series of policy changes that restricted offshore drilling, following the worst offshore oil spill in U.S. history, U.S. District Judge, Martin Feldman of New Orleans ruled yesterday.

“Each step the government took following the court’s imposition of a preliminary injunction showcases its defiance,” Feldman said in the ruling.

“Such dismissive conduct, viewed in tandem with the re- imposition of a second blanket and substantively identical moratorium, and in light of the national importance of this case, provide this court with clear and convincing evidence of the government’s contempt,” Feldman said.

U.S. in Contempt Over Gulf Drill Ban, Judge Rules - Bloomberg

Obama is blocking 103 Gulf Drilling Permits Sallow. This has been going on for how long? Speculators look at the short term and long term, supply drys up incrementally prices rise incrementally the sopike higehr on news as we see form the ME.



I agree that he has nothing to do with the ME unrest ( to an extent), . Should he go in and topple gaddafi btw? that would ease things..no?

PLEASE try to stay current, people:

Obama team lifts Gulf Coast oil drilling moratorium - The Oval: Tracking the Obama presidency

And the Commerce Department has begun issuing NEW permits just this week. Why on earth anyone would want to risk another blowout similar to the BP disaster without first verifying that the same thing couldn't just as easily happen again because of sloppy workmanship is beyond me.

 

[Sheldon]

Blaming on the President was a stupid argument then, and it's a stupid argument now.

Do you think an administration's policies play no role in the oil market? Or are you saying the degree of blame is stupid?

I think policies can play a small role at the margin, but stagnating global production and surging global demand are the far more important variables.

Yeah I think that's right. An administration's influence on the oil market seem to be over-emphasized by the media. My guess is that tying a President's policies tight to the gas pump is an effective political tactic too. It tracks well with voters because gas prices hit close to home.

 

[MaggieMae]

Wasn't one of the stated goals of Bush's Iraq war to spread democracy throughout the Middle East?

Yes. Okay, so now it's happening, and one of the side effects is an instability premium being put on the price of oil.

So it's still Bush's fault.

The reason for the instability is that citizens of those countries are finally able to learn the truth, thanks to the information highway. Before then, they were only told what they needed to know by their respective dictators and they had very little access to any kind of fact-checking. The protesters are generally the younger generation. In fact, in each of the countries currently rejecting their governments, the majority of the people are now 30 or under, and they are better educated than their elders who just took their way of life for granted.

 

[Trajan]

Obama is blocking 103 Gulf Drilling Permits Sallow. This has been going on for how long? Speculators look at the short term and long term, supply drys up incrementally prices rise incrementally the sopike higehr on news as we see form the ME.

Some blame can be fairly placed on the Obama administration's shoulders. I can't see how blocking all those drilling permits would help to bring the price of oil per barrel down. And you'll get more votes doing that than talking about polar bears.

However I think if we really want to get in a pissing contest I wouldn't place the same amount of blame on this administration's domestic policies as I would the former administration's foreign policies for each one's respective rise in gas prices, at least not right now.

My understanding is oil is sold almost exclusively on the global market, so it's inherently complex with a shitload of factors influencing prices at the pump. Trying to figure out how much blame goes where ends up just being a political game imao.

agreed, a drop in output anywhere creates a ripple effect. And the inverse is true, if the slack can be picked up, it should but not always evens out. the speculators bet on future supply, even if the Saudis and Kuwaitis as they have said, will fill any vacuum left by Libya, how are things in SA?

Ads far as Bushs foreign policy, well, thats a double edged sword. I agree that the area is undergoing upheaval, how much did or does Iraq really have to do with that? Yemen is a mess due to AQ machinations outside any Iraqi influence, Oman same, Tunisia same, Egypt? same....food index prices probably have more to do with it ( ethanol anyone) and the inherent lack of representative gov. than iraq...*shrugs*. In the end I agree right now Obama has had only a slight effect on the overall price, however, each dollar that goes up and the longer we refuse to allow the gulf to reopen, well, that becomes problematic.

 

[Trajan]

That's because it was Bush's fault. He invaded 2 separate countries and iniated some of the longest military actions in this nation's history.

And nothing President Obama has done caused oil prices to spike.

hummm;

The Obama Administration acted in contempt by continuing its deepwater drilling moratorium after the policy was struck down, a New Orleans judge ruled.

Interior Department regulators acted with “determined disregard” by lifting and reinstituting a series of policy changes that restricted offshore drilling, following the worst offshore oil spill in U.S. history, U.S. District Judge, Martin Feldman of New Orleans ruled yesterday.

“Each step the government took following the court’s imposition of a preliminary injunction showcases its defiance,” Feldman said in the ruling.

“Such dismissive conduct, viewed in tandem with the re- imposition of a second blanket and substantively identical moratorium, and in light of the national importance of this case, provide this court with clear and convincing evidence of the government’s contempt,” Feldman said.

U.S. in Contempt Over Gulf Drill Ban, Judge Rules - Bloomberg

Obama is blocking 103 Gulf Drilling Permits Sallow. This has been going on for how long? Speculators look at the short term and long term, supply drys up incrementally prices rise incrementally the sopike higehr on news as we see form the ME.



I agree that he has nothing to do with the ME unrest ( to an extent), . Should he go in and topple gaddafi btw? that would ease things..no?

PLEASE try to stay current, people:

Obama team lifts Gulf Coast oil drilling moratorium - The Oval: Tracking the Obama presidency

And the Commerce Department has begun issuing NEW permits just this week. Why on earth anyone would want to risk another blowout similar to the BP disaster without first verifying that the same thing couldn't just as easily happen again because of sloppy workmanship is beyond me.

yes, and?

your link-
Oct 12, 2010




Obama Admin Issues One Drilling Permit, Won’t Issue More Without Increased Funding
February 28, 2011
By Lonely Conservative

You’d think it would be good news that the Obama administration has finally issued an oil drilling permit. Maybe that would signal more permits are on the way. But no. The folks running the agencies in charge of the permit process don’t think they’re receiving enough funding from the taxpayers, so expect them to drag their feet.

The Hill reported:

A major industry groups had strong words for the Interior Department after the decision. The American Petroleum Institute – the industry’s most powerful trade association – said the permit was “welcome news,” but then went back on the attack.

“This slow moving process continues to stifle domestic production and puts thousands of jobs at risk in the Gulf and around the country,” said API President Jack Gerard in a statement.

But Michael Bromwich, the Interior Department’s top offshore drilling official, put some of the onus back on his critics. Speaking on a conference call with reporters, he noted that Interior will be able to act more quickly on permit processing if it gets the increase in funding the agency is seeking.

Interior is seeking $358 million for its Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), a 50 percent increase above fiscal year 2010 levels.

http://lonelyconservative.com/2011/...it-wont-issue-more-without-increased-funding/


Obama issues first deepwater drilling permit

By Steve Hargreaves, senior writerFebruary 28, 2011: 6:14 PM ET


NEW YORK (CNNMoney) -- The Obama Administration approved a permit to drill a deepwater oil well in the Gulf of Mexico Monday, the first such permit issued since the BP disaster last spring.
http://money.cnn.com/2011/02/28/news/economy/oil_drilling_deepwater/index.htm