In a stunning assault on the American worker, the American economy, and the war on Islamic jihad, the Obama's radical administration is restricting drilling on Federal land.
China mines our oil off the Florida coast (thank you, Fidel!) but we can't. Every petrodollar we send to the Middle East funds the coming jihadi catastrophe. We should be choking the jihad to death, cutting off every cent. Instead, we are baring our neck and financing the silversmith.
The undoing of America and the dangerous arrogance of Obama. Think of all of those jobs! All of that oil! All of that energy! All of that wealth he is bankrupting us of!
Salazar Toughens Rules for Drilling on Federal Land Wall Street Journal (hat tip Galt)
WASHINGTON -- Interior Secretary Ken Salazar on Wednesday announced policy changes he said would bring more scrutiny and a greater public voice in how oil and gas leases are awarded on public lands.....Mr. Salazar said the changes should ensure stricter environmental standards in oil and gas leasing while bringing more clarity to the process for energy companies hoping to drill on public lands, mostly in Western states.
"We don't believe we ought to be drilling anywhere and everywhere," Mr. Salazar said at a news conference. "We believe we need a balanced approach and a thoughtful approach" that allows development of oil and gas leases on public lands while also protecting national parks, endangered species and municipal watersheds.
Mr. Salazar, a Democratic former senator from Colorado, criticized the Bush administration for what he called a "headlong rush" to lease public lands. Early last year, Salazar suspended 60 of 77 leases in Utah approved in that administration's waning days
Ken Salazar Scraps Oil-Shale Leasing
By Paul Foy, AP Writer
DENVER (AP) ―
In a second reversal of the Bush administration, Interior Secretary Ken Salazar said Wednesday he is scrapping leases for oil-shale development on federal land in Colorado, Utah and Wyoming.
Salazar rescinded a lease offer made last month for research, development and demonstration projects that could have led to oil-shale works on 1.9 million acres in the three states, greatly expanding the program.
"I am withdrawing that Jan. 14 solicitation because in my view it was a midnight decision, and it was flawed," Salazar told reporters on a teleconference call from Washington, D.C.
He said he also is scrapping an initial 5 percent royalty rate on oil-shale production that "sells taxpayers short." Conventional oil and gas production on public land produces royalties of up to 18.8 percent.
Ken Salazar Scraps Oil-Shale Leasing
Desperate times require desperate measures: Cramped on Land, Big Oil Bets at Sea
Big Oil never wanted to be here, in 4,300 feet of water far out in the Gulf of Mexico, drilling through nearly five miles of rock.
It is an expensive way to look for oil. Chevron Corp. is paying nearly $500,000 a day to the owner of the Clear Leader, one of the world's newest and most powerful drilling rigs. The new well off the coast of Louisiana will connect to a huge platform floating nearby, which cost Chevron $650 million to build. The first phase of this oil-exploration project took more than 10 years and cost $2.7 billion -- with no guarantee it would pay off.
Chevron came here, an hour-long helicopter ride south of New Orleans, because so many of the places it would rather be -- big, easily tapped oil fields close to shore -- have become off-limits. Western oil companies have been kicked out of much of the Middle East in recent decades, had assets seized in Venezuela and seen much of the U.S. roped off because of environmental regulations. Their access in Iran is limited by sanctions, in Russia by curbs on foreign investment, in Iraq by violence.
So, Chevron and other major oil companies are moving ever farther from shore in search of oil. That quest is paying off as these companies discover unexpectedly large quantities of oil -- oil that only they have the technology and financial muscle to find and produce.