Obama Administration Places Three-Year Moratorium on Offshore Drilling

He "speeketh" with a forked tongue. He does not want carbon jobs, he doesn't want energy independence, he doesn't want our balance of payments corrected and he could care less about the deficit. With one stroke of his pen, and no cost to the taxpayer, by opening up areas for drilling, he could make a huge step forward in correcting all of these problems. Obama will not be satisfied until the USA is a third world country.

Excerpt: Washington State Congressman Doc Hastings, ranking member of the House Natural Resources Committee, released the following statement today:

Secretary Salazar has finally confirmed what had long been feared – that the Obama Administration has no intention of opening up new areas for offshore drilling during his four years in office. In 2008, in a bipartisan agreement, the decades-long ban on offshore drilling was lifted [and] opened 500 million additional acres for new energy production. This area contains an estimated 14 billion barrels of oil and 55 trillion cubic feet of natural gas. The American people expected the Administration to seize this incredible opportunity, not keep the ban in place for years down the road. This is now the “Obama Moratorium” on offshore drilling and the responsibility for this delay lies squarely at his feet.

Despite public comments that favored a new leasing plan by a 2-to-1 margin, the Administration has decided to disregard the overwhelming opinion of the American people who support opening additional areas to drilling. By extending this drilling ban to 2012, the Administration is single-handedly preventing new job creation, billions in new government revenue and increased energy security. Three-Year Moratorium

Read follow-up article More Economic Suicide: Obama Administration Bans Offshore Drilling For 3 Years here.