Friday, July 27, 2012

The Permitorium Continues -- Absolutely Nothing To Do With The Bakken


Later, 1:15 p.m.: The House passes their alternative bill for long-range off-shore drilling; Senate bill is similar. It will be interesting to see if the President vetoes the bill in an election year when most folks perceive they are paying $4.00/gallon of gasoline (or more), and know that the President killed the Keystone XL 1.0. None of this stuff has any effect on the price of oil today, or even the near future, but it sends a message, whether or not these bills are supported.  In addition, it adds fuel to the fire when folks remember the President's remarks: "You did not build it." If the Senate and the House both pass a bill that most Americans think would be good for them in terms of "the gasoline issue" they will know why "you didn't build it." The President killed it.

Original Post
Hastings and other critics of Obama's proposed plan, which was delivered for Congressional review on June 28, have said Obama's plan would keep 85 percent of America's offshore areas off-limits to energy production.
The U.S. Senate also is seeking to overturn Obama's proposed drilling plan. On Wednesday, six senators – which include Lisa Murkowski (R-AK), Jim Inhofe (R-OK), John Hoeven (R-ND), Mary Landrieu (D-La.), Jim Webb (D-Va.) and Mark Warner (D-Va.) – introduced into the Senate the Offshore Petroleum Expansion Now Act of 2012 into the Senate, also to replace the president's proposed offshore lease sale plan.
The House rejected this plan and substituted its own plan. And even the President's Democratic-led Senate are unhappy with his permitorium, as noted by the bi-partisanship above. Hey, even Senator Hoeven has signed on for an alternative bill. Wow, I'm glad I blog so little about off-shore drilling -- absolutely depressing.

Go to the link for the full, unbiased story.

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