Hypocrite in Chief

“President Barack Obama on Tuesday urged world oil producers to lift crude output, as he sought to deflect public anger over high gasoline prices that has hurt his popularity among voters.  …

“They need to increase supplies,” Obama told CBS affiliate WTKR in Hampton Roads, Virginia.”  “Obama Urges Oil Producers To Increase Output

 

“Shell Oil Company has announced it must scrap efforts to drill for oil this summer in the Arctic Ocean off the northern coast of Alaska. The decision comes following a ruling by the EPA’s Environmental Appeals Board to withhold critical air permits.  …

Shell has spent five years and nearly $4 billion dollars on plans to explore for oil in the Beaufort and Chukchi Seas. The leases alone cost $2.2 billion. Shell Vice President Pete Slaiby says … [h]e’s especially frustrated over the appeal board’s suggestion that the Arctic drill would somehow be hazardous for the people who live in the area.  …

The closest village to where Shell proposed to drill is Kaktovik, Alaska. It is one of the most remote places in the United States. According to the latest census, the population is 245 and nearly all of the residents are Alaska natives. The village, which is 1 square mile, sits right along the shores of the Beaufort Sea, 70 miles away from the proposed off-shore drill site.  …

At stake is an estimated 27 billion barrels of oil[,] … two and a half times more oil than has flowed down the Trans Alaska pipeline throughout its 30-year history.”  “EPA Rules Force Shell to Abandon Oil Drilling Plans

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3 Responses to “Hypocrite in Chief”

  1. Sundance Says:

    Obama is starting to look like the checkers player from a two horse town that entered a chess tournament. His plan to “necessarily” increase fossil fuel prices, which sounded good to the braindead, isn’t turning out quite the way he envisioned it, and now he is begging the Arabs to help him because his poll numbers are headed in the same direction as whale turds.

    Sure, NOW he’s all for “Drill Baby Drill” (except domestically). Over at MOJO today the lefties are considering the idea that Obama has co-opted Republican policies. Who can blame them? Sometimes I think he’s Bush 44 (especially the ears). lol

  2. Bob Says:

    The U.S. consumes 25% of the world’s oil, yet can produce only 2%. Some of what it produces gets sold on the open markets to other countries, ie., Alaskan oil might wind up in, say, Japan.

    “Here’s the hard truth: Prices are set on the world market by the major producers, OPEC in particular. Even countries that produce more oil than they need, like Canada, have little leverage. Canada’s prices track ours.”

    Obama and his recommended policies have nothing to do with prices at the pump.

    You probably don’t trust the NY Times, but this argument ought to make clear sense:

    http://www.nytimes.com/2011/05/07/opinion/07sat1.html?_r=1

    We really need to have a many-pronged energy policy, not one based on one commodity, fossil fuel.

    • jblethen Says:

      First law of economics, supply and demand: increase supply and price decreases. Democrats and the green lobby have restricted supply for decades.

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