Obama's EPA administrator Lisa Jackson has imposed to many regulations.
The EPA has not allowed very many permits in the Gulf. They are against drilling in Alaska and against the pipeline from Canada,they will not permit more natural gas production.They are shutting down coal mines all over America.That will cause our utilities to go up.
Consumer confidence is up but many can't afford to really buy.
Restaurants are really hurting and many have gone under.
Just ignore that unemployment is still really high and government numbers say that it will not be getting any better any time real soon.
your gulf numbers are way off.
Gulf drilling is back up
After a yearlong drilling moratorium, BP and other oil companies are intensifying their exploration and production in the Gulf, which will soon surpass the levels sustained before the accident. Drilling is about to be expanded into Mexican and Cuban waters, beyond American controls, even though any accident would almost inevitably affect the United States. Oil companies are also moving into areas off the coast of East Africa and the eastern Mediterranean.
Deepwater oil drilling returns to Gulf and spreads | | The Bulletin
President Obama, while in New Hampshire last Thursday, countered Republican charges that he was to blame for the rising pain at the pump. “We’ve opened millions of new acres for oil and gas exploration, and approved more than 400 drilling permits since we put in place new safety standards in the wake of the gulf oil spill,” Mr. Obama said.
NYT: Deepwater drilling picks up as BP disaster fades - Business - Oil & energy - msnbc.com
For a time after the BP spill, the drilling moratorium ordered by the Obama administration caused a decline in gulf production, but a reversal has occurred. Forty rigs are drilling in the gulf today compared with 25 a year ago.
Story: Deepwater Horizon rig: What went wrong?
BP has five rigs drilling in the gulf, making it one of the most active drillers there. That is the same number BP operated before the accident, and it plans to have three more rigs drilling in the gulf by the end of the year.
The Energy Department recently projected that gulf oil production would expand from its 2011 level of 1.3 million barrels a day, still nearly a quarter of total domestic production, to two million barrels a day by 2020.
Last December, the Obama administration held its first offshore auction since the BP spill, granting leases for more than 20 million acres of federal waters — bigger than West Virginia. The leases are worth $330 million to the federal government and have the potential to produce 400 million barrels of oil.
BP successfully bid for 11 of the 191 available drilling blocks. Environmentalists challenged the auction of exploration rights, so far unsuccessfully, which precedes applications and approvals for actual drilling permits.
By the Obama administration’s accounting, 61 drilling permits for wells in more than 500 feet of water were granted in the 12 months ending Feb. 27, only six fewer than were permitted in the same period in 2009 and 2010 before the BP explosion.
if consumer confidence is up, that means people actually are buying. unemployment is still overall trending downward. im curious though, how would you like the president to unilaterally affect unemployment?
Unemployment in the U.S. - Google Public Data Explorer