Obama Sets Goal Of Importing Less Oil And Promotes "Use It Or Lose It" Domestic Oil Drilling Policy

Recommend The Brains In
The Obama Administration
"Use It or Lose It"!

Today in Washington, D.C. - March 30, 2011:
Today, Political reveals that "President Barack Obama’s approval rating and prospects for reelection have plunged to all-time lows in a Quinnipiac University poll. Half of the registered voters surveyed for the poll think that the president does not deserve a second term in office, while 41 percent say he does. In another Quinnipiac poll released just four weeks ago, 45 percent said the president did not deserve reelection, while 47 percent said he did."

The Senate resumed consideration of S. 493, the bill reauthorizing the Small Business Innovation Research and Small Business Technology Transfer programs. Votes on amendments are possible this afternoon. Democrats have repeatedly pushed back a vote a vote on the McConnell-Inhofe amendment to S. 493  which would block the EPA from regulating carbon dioxide as a pollutant, a move that would amount to a backdoor national energy tax.

 Oil in the News as Americans Pay More For Gas:
The Washington Post reports, “President Obama on Wednesday called Wednesday for a one-third cut in oil imports by 2020, part of a plan he says will reduce U.S. dependence on foreign petroleum. . . . Most facets of his proposals are familiar. . . . Obama also urged oil companies to make greater use of the federal leases both onshore and offshore to prop up domestic oil output.”

Senate Republican Leader Mitch McConnell told the Senate that he was wary of rhetoric from Democrats about energy while they stymie domestic energy production. He said, “Tell a Democrat in Washington that gas prices are too high, and, as if on cue, they’ll throw together a speech or a press conference to suggest that we open an underground oil reserve that was created to deal with calamities, not market pressures; they’ll take you on a tour of some alternative car plant that promises to have one of its $100,000 prototypes to market 25 years down the road; or they’ll quietly release some report to the media about how energy companies aren’t working hard enough to extract oil — while schizophrenically claiming American reserves are minuscule and that more production isn’t the solution. This last item is a perennial favorite of our friends on the other side. The idea here is to somehow blame energy companies for not producing enough energy on their own. What Democrats don’t mention, however, is that a drilling lease is nothing more than an agreement with the government that a company has a right to explore for oil or gas in a certain area, not a guarantee that they’ll find it. And they never see fit to mention that most of the area that could be leased is effectively off limits — thanks to the red tape factory Democrats operate here in Washington.”

“Over the past two years, the administration has undertaken what can only be described as a war on American energy. It’s canceled dozens of drilling leases. It’s declared a moratorium on drilling off the Gulf Coast. It’s increased permit fees. It has prolonged public comment periods. In short, it’s done just about everything it can to keep our own energy sector from growing. As a result, thousands of U.S. workers have lost their jobs, as companies have been forced to look elsewhere for a better business climate.”

In his speech, the President Obama said, “I’m setting a new goal: . . .  When I was elected to this office, America imported 11 million barrels of oil a day.  By a little more than a decade from now, we will have cut that by one-third.” But Leader McConnell pointed out, “[J]ust last week he told Brazilians that he hopes America becomes a major customer of Brazilian oil. Well, which is it?”

In fact, President Obama’s stated desire for America to become one of Brazil’s “best customers” garnered plenty of bipartisan criticism. Democrat Sen. Mark Begich of Alaska said, “President Obama didn’t have to go all the way to Brazil to find a ‘new, safe, and stable’ source of oil … Energy opportunities for the U.S. are right here in Alaska. We have to stop talking about increasing domestic production and actually invest in home-grown jobs.” And The Washington Post editorialized, “As for offshore drilling, Mr. Obama’s enthusiasm for punching holes in the ocean floor off Brazil is hard to reconcile with his decision, announced Dec. 1, to keep the waters off the East and West coasts and the eastern Gulf of Mexico off-limits to exploration indefinitely.”

And this whole time the Obama administration has been canceling drilling leases, imposing a moratorium on Gulf Coast drilling, and encouraging imports from Brazil, it’s preventing job creation here in America. Indeed, CNN Money pointed out in February, “In Louisiana alone, 320,000 depend on the oil and gas industry for work.” And former President Bill Clinton said recently there are “ridiculous delays in permitting when our economy doesn’t need it.”

As Leader McConnell said, “The guy who’s trying to make ends meet wants to know what you’re going to do for him today, not 24 years from now. But, of course, the administration doesn’t have anything to say to that guy, because the administration’s energy policy isn’t really aimed at him. If it were, then the administration wouldn’t be locking down domestic energy sources. It wouldn’t be looking to pass new regulations through the EPA that will impose a national energy tax on every business large and small. It wouldn’t be telling our allies in Brazil that while it’s great that they’ve found oil off their coast, those who want to search for oil off our coasts and on our mainland can’t. And it wouldn’t be telling job creators in the energy industry to go look elsewhere.”

In an effort at appeasement, the Obama administration today approved a new permit for the Shell Company to drill in the Gulf of Mexico. The Times-Picayun is reporting that, "A permit for a deepwater well in a new area of the Gulf of Mexico located about 137 miles off the Louisiana coast. . . . The approved permit gives Shell the green light to drill a new well in Garden Banks Block No. 427, about 2,721 feet below the seabed."

 The Hill also addressed Obama plans to call for cut of oil imports by a third over the next decade. Unfortunately, the Obama administration has been forcing his green agenda and has been placing the American public and businesses at interest. His interests continued to advocate reducing consumption verses tapping the enormous oil resources that we have. An interesting play on words "use or lose" is being used to identify the Obama Administration policy with regard to oil drilling permits.

In fact, while the companies have paid for the right for leases on which they then file for drilling permits, the Obama Agencies then block the drilling permit requests and attacks the drilling plans. The Hill, provided the House Republican response to this "use it or lose it" policy,  "Republicans and the oil industry have blasted “use it or lose it” proposals as a distraction from GOP plans to dramatically expand oil and gas drilling." Speaker John Boehner (R-Ohio) said in a statement earlier this month."We won’t reduce our dependence on foreign oil if politicians in Washington remain dependent on hollow talking points like ‘use it or lose it.’”

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