Here's another, a form of international Keynesianism that serves no discernable benefit for America whatsoever. In fact, it's the stuff of the American people paying TWICE for energy! LOL! Wait! That's not funny; it's crazy.
Obama has promised to "invest" in the development of oil production in Brazil, so we can buy our tax-funded investment from Brazil at the pump. In the meantime, he shuts down new offshore drilling in this country which would have otherwise provided the very same thing here without government spending, creating business opportunities and jobs here. THE SAME THING BENEFITING OUR ECONOMY DIRECTLY AND WITHOUT INCREASING THE NATIONAL DEBT. WHY WOULD ANY PRESIDENT DO THAT TO HIS OWN COUNTRY? ITÂ’S SENSELESS. NUTS! And his administration's move against our own coal industry, the very best in the world? It is just this sort of pointless regulation and government spending that drives businesses and manufacturing jobs oversees.
This one sounds to me like the never ending conflict between production of natural resources and environmental issues. Last time I looked, offshore drilling has a pretty serious downside. I found a Web site that discusses both the pros and cons of offshore drilling. Here are the cons:
1. The oil found in offshore oil drilling barely reduces the United States' dependence on foreign oil imports. The US requires approximately 8 billion barrels of oil per year to meet its current needs; deep-water offshore drilling, in its conventional form, is expected to bring in only 18 billion barrels total.
2. Offshore oil drilling will not guarantee lower gas prices. Gas prices are affected by too many other variables to assume that changing one factor will significantly change the result.
3. Offshore drilling results in oil spills.
3a. Deep-water offshore drilling is associated with oil spills; both major and minor oil spills harm the surrounding environment greatly. Spills most often occur when oil is being transported to land via oil tanker, but damaged pipelines or the platform itself may also cause spills. Such spills are a massive drain on both resources and energy, as well as a real and pressing danger to the environment.
3b. Oil spills, despite improved technologies, are still common and predicted occurrences. At current extraction rates, it is predicted that in the Gulf of Mexico there will be one oil spill per year of no less than 1000 barrels over the next 40 years.
4. Offshore drilling is challenging to keep up, as it requires keeping manned facilities above water and disposing of oil rigs is costly. Challenges include the scale of construction required for functional facilities and the need for facilities located in the water where the oil would be extracted from sand, which would demand extra funds and efforts. Removing platforms and pipelines no longer in use is extremely costly.
5. Carbon emissions will increase. Expanded offshore drilling will not reduce emissions of carbon dioxide, which contributes to warmer global temperatures.
Answers.com - What are the pros and cons of offshore drilling in the US
The way you present it, there appear to be nothing but benefits to our country from offshore oil drilling and, therefore, President Obama is an idiot not to be in favor of it. I suspect there are very valid reasons why he closed down new offshore oil drilling. Perhaps those listed above are some of them.