If the Justice Department weren’t in on this scam, they’d be investigating the bait and switch tactics the Obama administration uses on the oil industry. First you take billions of dollars from an oil company for an offshore lease, then you come up with an absurd excuse to stop them from drilling.
Fox News explores the latest news in the Obama administration’s never ending quest for energy independence:
Could the EPA have come up with a goofier justification to stop the drilling?
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. The move has angered some in Congress and triggered a flurry of legislation aimed at stripping the EPA of its oil drilling oversight.
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 obtaining similar air permits for a drilling operation in the Gulf of Mexico would take about 45 days. He’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. “We think the issues were really not major,” Slaiby said, “and clearly not impactful for the communities we work in.”
You won’t believe what the EPA is worried about. It said Shell didn’t factor emissions from an icebreaker into its calculation of the project’s greenhouse gas emissions and that those emissions could negatively impact the people living in the nearest village.
The nearest village has 245 residents and lies 70 miles from the proposed drilling site.
Meanwhile, we’re lending billions of dollars to Brazil to do deep water drilling and billions more to Colombia to build a state-of-the-art oil refinery. And, of course, we’re borrowing those billions from China.
Upon further consideration, we take it back. This isn’t bait and switch. It’s a giant check kiting scam.
Source: Fox News
{ 6 comments… read them below or add one }
Rated Awesome! What do you think?
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And people wonder why the cost of oil is so high?
Rated Awesome! What do you think?
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Heh, not so much. Libs just like to feign ignorance so they can continue demonizing conservatives.
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Thus allowing barry to spout all the lies about having more drilling. Damn I can claim to have 7 million in he bank but until I can spend it I’ve got vapor money.
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Oh I see… pillage and fleece the country for all its got before it goes to hell. What a wonderful evil plan. They are making nice abodes for themselves in Hell.
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Since the EPA took the money and refused to let them drill, shouldn’t they refund it back to the Oill Company. Afterall……., isn’t our Federal Gubmit honest?
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Lets see…$4 billion in subsidies…first quarter profit this year of $8.78 billion..hmmm..lets do the math…..”4 million” from 4 billion….oh I guess it doesn’t even touch their profit margin. And I’m suppose to feel what????
sub·si·dy [ súbssədee ]
1.money given by government: a grant or gift of money from a government to a private company, organization, or charity to help it to function
2.help with expenses: a monetary gift or contribution to somebody or something, especially to pay expenses