Obama In 2012: ‘We Can’t Just Drill Our Way To Lower Gas Prices.’ Add another one to the stupid Obama comments column.
What would it mean to America if there were another Middle Eastern country that could produce oil on the Saudi Arabian scale? We imagine that President Obama would want to fly over immediately and bow to its leader. Until, that is, he found out that country is Isreal.
The Jerusalem Post reveals light in the desert:
…Dr. Yuval Bartov, chief geologist for Israel Energy Initiatives, … presented data that [Israel’s] oil shale reserves are actually the equivalent of 250 billion barrels (that compares with 260 billion barrels in the proven reserves of Saudi Arabia).
…As a consequence of these new estimates, we may emerge as the third largest deposit of oil shale, after the US and China.
.. new technologies, being developed for Israeli shale, seek to separate the oil from the shale rock 300 meters underground …
…The present goal is to produce commercial quantities of shale oil by the end of the decade.
…a unique method for separating oil from shale deep underground, [would change] the entire global oil market. The effect … would be to shift the center of gravity of world oil away from Iran, Saudi Arabia and the Persian Gulf to more stable states…
There’s little President Blowhard and his windy city gang can do. The oil market is world-wide. If one country shuns Israeli oil, another will buy it, forcing prices down.
Now that’s change we can really believe in.
– Written by Bonfire of the Absurdities
Source: Jerusalem Post
Some of our Canadian friends are spinning a conspiratorial tale about foreign interest wolves in sheep’s clothing interfering in an important domestic industry. Oil, to be specific.
The Toronto Sun outlines the paranoia:
An OPEC billionaire has publicly said what everyone long suspected… Saudi Arabia doesn’t want the world to develop unconventional sources of oil, like Canada’s oilsands.
Saudi Prince Al-Waleed bin Talal, the world’s 26th richest man, worth more than $19 billion, told CNN he’s worried if oil prices stay around $100 a barrel, the West will look for other sources of oil and Saudi Arabia would lose its dominant position.
Doesn’t mpact us since non-Muslim president Obama discovered plenty of oil in Brazil, not to mention his “green energy” investments that produce quantum-particle-like jobs (they vanish when you look for them.) The Canadians, who sit on vast fields of shale oil deposits, are all wound up, however:
Prince Al-Waleed’s comments were a rare Saudi public criticism of the West. Normally, they leave that sort of thing to their allies — professional environmental lobbyists.
There are about 100 professional anti-oilsands activists in Canada, who do nothing but attack Canada’s oil industry. Typically they pose as grassroots environmentalists. But the facts are different.
Most environmental activists are actually paid professionals. And most work for foreign lobbyists.
Greenpeace, for example, is a $200-million multinational corporation based in Europe. If they don’t raise a million bucks a day in fundraising, they’d have to shut down.
Call us stupid, but we had never considered the fact that Greenpeace’s anti-oil campaign might we funded by oil interests. Duh!
Thankfully, our media has more important stuff on its mind, like reading Sarah Palin’s old emails.
– Written by Bonfire of the Absurdities
Source: Toronto Sun
Stand back. Barack Obama is now a wildcatter. He wants oil, damn it. Black gold. Texas tea. Venezuelan velvet.
Here’s how Ace accurately described his weekly address:
It has to be frustrating to Captain Bullshit, to have to actually forward this sort of thing in a weekly address. “Hey, these gas prices, what the hell? We’d better put those speculators on a short leash, and cut those doggone subsidies and also maybe let em have a lease or two that I will never let them actually produce from.
But he said the words, damn it. And he sounded almost sincere. And that counts for something, doesn’t it?
H/T: Ace of Spades
Please allow us to translate the highly scientific jargon found in our headline: Give us some money and we’ll study the situation.
Good lord almighty, they actually found a few oil spots on some birds returning to Newfoundland from the Gulf of Mexico. It’s a crisis.
The Canadian Broadcasting Corporation sounds the avian alarm:
A bird researcher has found northern gannets returning to a large nesting colony south of St. John’s are faring well despite concerns that a massive oil spill that began in the Gulf of Mexico a year ago would dramatically cut the area’s population.
Northern gannets from six colonies in Newfoundland and Labrador and Quebec migrate to winter in the Gulf annually.
Bill Montevecchi, a Memorial University researcher who has been tracking the birds’ journey to the Gulf of Mexico and back again, said Tuesday hundreds of the gannets were likely killed by oil that spilled after a rig explosion on April 20, 2010.
A year later at the Cape St. Mary’s colony in eastern Newfoundland, Montevecchi said he believed there are signs that some of the thousands of birds that return to the province to lay just one egg each year have been damaged by the spill.
“We think we saw a few birds that had a few spots of oil on them over there.” he said.
We think? Well, that’s good enough for us. Quick, alert the government! Emergency grants must be issued so scientists can begin studying the situation.
This calls for another trip to the Gulf. Probably in the middle of December when it’s minus 30 in Newfoundland and nice and sunny on the Gulf.
Waiter! Another mimosa, please!
H/T: Mike Power
Back in 2008 Speaker of the House Nancy Pelosi said, “The price of oil is at the doorstep. Four dollars plus per gallon for oil is attributed to two oil men in the White House.”
Oddly enough, Pelosi is now conspicuously silent about gas prices. No public comments. No press conferences. No interviews.
Here’s a question for you: If Nancy Pelosi blamed high gas prices on “the oil men in the White House” back in 2008, shouldn’t she blame today’s high gas prices on the snake oil men in the White House?
Source: CNS News
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:
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
The National Press Club held a lovely luncheon the other day and invited Ted Turner and T. Boone Pickens to spread their wisdom among the prostrate press.
North American Wind Power’s website described it as a debate, but our understanding of the word “debate” is that a successful one requires opposing sides. In this case, Turner and Pickens appeared to be singing from the same hymnal.
Of course, they both called for immediate action by Congress – Pickens to protect his substantial investment in wind power and Turner to protect his substantially dwindling reputation as a forward thinker.
But let’s concentrate on Turner, because Pickens commits the double cardinal sins of (1) being in the position to profit enormously if Congress were to actually do something about wind power, and (2) being boring.
Here’s how NAWP.com tells Turner’s tale:
Turner, founder and former head of CNN, agreed with Pickens that natural gas is part of the solution to the U.S.’ energy problem, which has been dramatized lately by rising gasoline prices. But Turner sees natural gas as only a “bridge fuel.”
“In 20 years, there will be no fossil fuel,” said Turner, who asserted that cars will run on electricity in 20 years.
Despite the fact that the world has greater proven oil reserves now than at any time in history, Turner says the world’s gas tank will be on empty by 2031. But the Mouth from the South was just getting started.
“We need renewable energy for a world without pollution, so kids won’t get asthma.”
President Obama tried the same argument last week, claiming that coal-fired power plants cause asthma and was rapidly slapped down by health experts who said the cause of asthma really isn’t known.
Hard to believe that one man could pack so much misinformation into two short sentences, but let’s face it, Ted Turner is no ordinary man.
Source: North American Wind Power
What’s wrong with this picture? We can’t drill for offshore oil in the United States, but we can give billions of dollars to Brazil so they can build one. We haven’t built a refinery in the United States since 1976, but we can give Colombia $2.84 billion so they can build one.
CSN News reports the completely inexplicable details of the pissing away of another few billion of your tax dollars:
The U.S. Export-Import Bank, an independent agency of the federal government, is now planning a $2.84-billion loan for a massive project to expand and upgrade an oil refinery–in Cartagena, Colombia.
The money would go to Reficar, a wholly owned subsidiary of Ecopetrol, the Colombian national oil company.
“This is part of a $5.18 billion refinery and upgrade project in Cartagena, Colombia supplying petroleum products to the domestic and export markets,” the Export-Import Bank said in a statement.
The U.S. government-controlled bank says the $2.84-billion in financing it plans to undertake will be the second largest project it has ever done. The largest was $3 billion in financing for a liquid natural gas project in Papua New Guinea.
Yes, we know these are loans and loan guarantees, not outright gifts, and we understand the theory that American companies will benefit from purchases made by the foreign oil interests. But wouldn’t American companies also benefit from purchases made by companies drilling for and refining oil in the United States?
You have to give Obama credit. He may be anti-American, but at least he’s consistent.
There was a time just a few short years ago when Presidents had power. When Presidents were men of responsibility. And when gas at $2.50 a gallon and unemployment at the unheard of level of five percent, it was most assuredly George W. Bush’s fault.
Regretfully those days are long gone. And in the new America not even the smartest, coolest or most able President ever can be expected to do a thing about the cost of gas approaching (and no doubt surpassing) four dollars a gallon.
Fox reports. We deride:
“I’m just going to be honest with you. There’s not much we can do next week or two weeks from now,” the president told workers at a wind turbine plant. It’s a theme Obama’s struck before as he tries to show voters he’s attuned to a top economic concern with gas prices pushing toward $4 a gallon.
But just in case Obama decides that he wants to try and do something about skyrocketing energy costs we suggest he look into the following solutions.
1. Lower taxes on gas.
2. Increase fuel efficiency by getting the ethanol out of our gas tanks.
3. Drill here, drill now, pay less.
4. Adopt economic policies that strengthen the dollar.
5. Restrict the First Lady to 12 vacations a year.
– written by Kip Hooker at TheVitaminPress.com
We know you’ll find this hard to believe, but President Obama tried to pull a fast one during his Thursday energy speech.
The President says he wants to cut oil imports by one-third by 2025. The problem, as Charles Krauthammer points out, is that Obama sets up a false comparison by using the number of barrels that were being imported daily back when he was inaugurated as his starting point.
Why is that a problem? Because of the recession, the number of barrels imported per day have already dropped from 11 million on inauguration day to just 9.7 million today.
As National Review said, “It’s magic! The president is one-third of the way to his goal. Keep up the good work! Six more years of Obamanomics and we just might hit Obama’s target.”
And as Sarah Palin said, “Drill, baby, drill.”
Source: National Review
Now that the Libya is at peace and the Japanese have that little nuclear thing solved and the economy is really in high gear, our overworked, over-stressed President has jetted off to Brazil for the weekend on a trip that seems to have no official purpose.
Naysayers question why he went, so the President penned an editorial in USA Today explaining that it’s all about jobs. Jobs and energy. Jobs and energy and other stuff. Other really important stuff.
We’ll also work to strengthen our relationship when it comes to energy. Brazil holds recently discovered oil reserves that could be far larger than ours, and as we seek to increase secure-energy supplies, we look forward to developing a strategic energy partnership. We’ll also continue our shared leadership in green economic growth and clean energy, including everything from biofuels to renewables such as wind and solar power. And as the host of the 2014 World Cup and 2016 Summer Olympics, Brazil is expected to invest more than $200 billion in upgrading its infrastructure — an area where America is primed to be a partner.
To quote the Editor’s grandmother, “Hogwash.”
Brazil’s recently discovered oil reserves are, of course, offshore – far offshore – and will require wells far deeper than the ones on which the President declared a moratorium in the Gulf of Mexico.
His editorial is obviously nonsense. So why has he gone to Brazil this weekend?
Source: USA Today
Back in January 2009 we had finally tossed those evil oil stooges out of the White House and life was good again. Never again would we have to worry about prices being driven up by collusion between our nation’s leaders and the dastardly oil companies.
So just ignore the fact that oil prices went up only 7 percent during the first 26 months of the Bush presidency, but have gone up 67 percent during the first 26 months of the Obama presidency.
To paraphrase Bill Clinton, “I feel your pain at the pump.
What the hell is wrong with the American people? The first half of this survey makes complete sense, but the second half makes no sense in light of the first half.
TheHill.com reports the results that boggle our minds:
Rising energy prices are prompting support among likely voters for expanding U.S. drilling and releasing oil from the country’s emergency stockpiles, a new poll conducted for The Hill shows.
By a 66-25 percent margin, likely voters say President Obama should encourage more oil and gas exploration offshore, and by a 50-35 percent margin they favor releasing oil from the Strategic Petroleum Reserve to moderate gas price increases.
The same survey shows that stepped-up GOP allegations that White House energy policies are raising prices have failed to give Republicans a political edge on the issue.
Slightly more than half the respondents — 52 percent — said neither party should be blamed for high gas prices. Twenty-two percent of those polled blame Republicans, while 19 percent blame Democrats.
So you have a President and a political party who’ve slapped a moratorium on drilling in the Gulf and in Alaska and who have made drilling on most government land damn near impossible while you have another party that supports drilling in all of those locations.
Yet likely voters blame Republicans for high gas prices more than they blame Democrats?
We’re not doing our job well enough.
President Obama’s “We’re producing more oil than ever” lie put Dana Perino over the top.
The former GWB Press Secretary showed up on Fox News Sunday and said, “It’s interesting to me how the administration allows President Obama to say things that are so quickly proven false.”
Looks like it might be time to update that old joke and change the name in the punch line from Bill Clinton to Barack Obama::
George Washington couldn’t tell a lie. Richard Nixon couldn’t tell the truth. And Barack Obama can’t tell the difference.
H/T: Gateway Pundit
Challenging times demand timely challenges. And just as JFK once spurred the country to greatness with words of leadership, wisdom and inspiration -so now has BO laid forth his challenge to this nation of ours. But instead of merely landing a man on the moon and returning him safely Obama has given the country a far more exacting mandate. He wants to know why gas costs so much, and he wants to make sure no funny stuff is going on with the markets.
Marketwatch has the score:
President Barack Obama ordered a probe into potential gasoline price-gouging on Friday and said the government is watching for manipulation in oil markets.
Speaking at a White House press conference, Obama said he’s asked his attorney general and U.S. government agencies to work with state attorneys general to monitor for gasoline-price gouging, “to make sure that nobody is taking advantage of working families at the pump.”
As good American subjects, we here at IHateTheMedia.com have heard the President’s call and will answer.
Dear Mr. Obama:
Gas prices are high for a number of reasons. Here are some of the biggies:
1. You’ve decreased supply by banning drilling in the Gulf and ANWR. There has been no such similar decrease in demand. Scarcity of the resource has increased its value.
2. Congress has mandated the combining of gasoline with ethanol. This ethanol has led to food shortages across the world. These food shortages have resulted in the destabilization of oil producing nations. Speculation on the further scarcity of oil, due to regional difficulties, has greatly increased the price of gasoline.
3. The government taxes the hell out of it.
4. Your economic policies have destroyed the value of the dollar. As a consequence it takes more of them to buy every barrel of oil.
With warmest personal regards,
The Guys at IHateTheMedia.com
P.S.: Please say hi to Barney Frank and tell her we really think she’s a swell gal.
Oh, my god, we crack ourselves up.
– Written by Kip Hooker at TheVitaminPress.com
In an administration that’s already exceeded its quota of boobs and dunces, Secretary of the Interior Ken Salazar stands out as for his complete ineptitude. His explanation of why the Obama administration opposes drilling for oil in the Arctic not only defies logic, but very nearly defies comprehension.
CNSNews.com has the story of Salazar’s shortsightedness:
CNSNews.com asked Salazar, “Given the rising cost of gasoline why is the administration opposed to drilling in the arctic refuge?”
“We don’t believe that you need to drill everywhere and we don’t believe that the ‘drill, baby, drill’ program is the way that’s going to get us to the energy independence that we need for America or that will power our economy and that’s why the President has been so clear from day one and we in the Department of Interior have been so clear that what we need to do is need to have a robust energy program that includes a number of different sources of energy and while yes, we are pushing forward with oil and gas development both offshore and onshore which was the subject of much of the hearing today, we’re also moving forward with renewable energy,” he told CNSNews.com after testifying before the House Natural Resources Committee about his Department’s FY2012 budget.
Windmills. Solar power. Fairydust. The more unproven, the better. The more workable, the better. The more government subsidies required, the better.
Anything but oil.
If you saw it in a movie, you’d say it was so preposterous that it was a fatal flaw in the plot. It’s just so unbelievable that it’s…well…unbelievable.
Of course, Fox News reported the story that the other networks couldn’t be bothered with:
Despite President Obama’s moratorium on U.S. deepwater drilling in the Gulf of Mexico, the U.S. Export-Import Bank intends to guarantee $1 billion in loans to PEMEX, the Mexican state oil company, to bolster the company’s oil drilling in the region.
The bank, which is the official American export credit agency, loaned more than $1 billion to PEMEX in 2009 — when the company was the bank’s largest borrower — in support of its drilling activities. That year, the bank also guaranteed two loans totaling $300 million made by a commercial lender.
The latest request comes during a drilling moratorium that was first imposed by Obama in May to find out what was the cause behind the April 20 Deepwater Horizon oil rig explosion killed 11 workers and led to 206 million gallons of oil spewing from BP’s undersea well.
After a federal court struck down the ban amid complaints that it threatened thousands of jobs in the offshore oil industry, the Obama administration issued a new moratorium in July on most deep-water drilling activities that is in effect until Nov. 30.
The Export-Import Bank said the moratorium doesn’t affect its pending deal with PEMEX.
Here’s a knife. Stab me. Here’s a gun. Shoot me. Here’s a rope. Hang me.
Here’s a moratorium. Screw me.
Sean Penn’s out of town filming his latest movie, so Hollywood had a left wing lunacy vacuum that needed to be filled. And Brad Pitt decided he was the guy for the job.
The Daily Mail UK reports the hilarious highlights:
The Hollywood actor said he would consider the death penalty for those to blame for the ruptured well that gushed millions of gallons of oil into the ocean.
He was speaking in a documentary due to be screened in the US tomorrow tonight.
Asked about the people responsible for the crisis, the ‘Inglourious Basterds’ star said: ‘I was never for the death penalty before – I am willing to look at it again.’
Mr Pitt, 46, has spearheaded the ‘Make it Right’ project to build 150 affordable and sustainable homes in one of the areas of New Orleans that was worst hit by Hurricane Katrina in 2005.
His efforts in the region are featured in the new film by director Spike Lee marking the fifth anniversary of the hurricane devastation.
The documentary, called ‘If God is Willing and Da Creek Don’t Rise’, was supposed to end on a positive note with the New Orleans American Football team winning the Super Bowl.
Seven people (including Lee and Pitt’s mothers) will pay to see this laughfest.
Source: Daily Mail UK
The Associated Press put it all in perspective:
The Gusher in the Gulf may have pumped out a lot of oil, but it paled in comparison to the amount of bullshit pumped out by the environmentalists.
While BP’s well dumped 172 million gallons into the Gulf over three months, the muddy Mississippi brings in 198 million gallons of water — replete with urban and farm runoff — every minute. The National Research Council estimates that 41 million gallons a year of oil naturally seep into the Gulf from below.
As Rush said, it was equivalent to spilling a beer in the SuperDome.
Source: Associated Press
Savior-In-Chief Barack Obama mandated on Saturday that the Gulf Coast is now “open for business.” So just how “open” is it?
Well, Interior Secretary Ken Salazar still has his boot on the throats of America’s evil oil barons and offshore drilling is still illegal, so it seems that that the President may be overstating his case.
The White House should refer back to a Yahoo News story from July 27 that cites some very interesting economic predictions.
According to AFP:
A study by Louisiana State University finance professor Joseph Mason estimates the six-month moratorium, which ends in late November, would cost more than 8,000 jobs in Gulf states of Florida, Alabama, Mississippi, Louisiana and Texas.
Nearly 500 million dollars in wages will be wiped out by the deepwater drilling ban, as will be 2.1 billion dollars in economic activity and some 100 million dollars in state and local tax revenues.
But the impact of the moratorium would not stop there, the study warned.
At least 12,000 jobs could be lost nationwide, and with them would go around 200 million dollars in federal tax revenues.
We’re eagerly awaiting the President’s explanation of his comments. But we’re pretty sure the “business” he refers to is probably nothing more than another government-sponsored bailout program.
– Written by Rainer Fehrenbacher
This one is worthy of a Perry Mason novel. Call it The Case of the Missing Oil.
ABC News questions the missing lubricant’s location:
For 86 days, oil spewed into the Gulf of Mexico from BP’s damaged well, dumping some 200 million gallons of crude into sensitive ecosystems. BP and the federal government have amassed an army to clean the oil up, but there’s one problem — they’re having trouble finding it.
At its peak last month, the oil slick was the size of Kansas, but it has been rapidly shrinking, now down to the size of New Hampshire.
Why before long, it will be down to the size of Barack Obama’s ego.
Today, ABC News surveyed a marsh area and found none, and even on a flight out to the rig site Sunday with the Coast Guard, there was no oil to be seen.
“That oil is somewhere. It didn’t just disappear,” said Plaquemines Parish President Billy Nungesser.
Salvador Cepriano is one of the men searching for crude. Cepriano, a shrimper, has been laying out boom with his boat, but he’s found that there’s no oil to catch.
“I think it is underneath the water. It’s in between the bottom and the top of the water,” Cepriano said.
First it was ClimateGate, then Al Gore’s hotel room escapade with an unwilling masseuse, and now they can’t find any oil to back up their claim that this is the worst disaster in the history of mankind.
It’s almost enough to make you feel sorry for the environmentalists. (No angry emails, please. Note that we said “almost”.)
Source: ABC News
If there’s one man in the world with the ability to stop the Gusher in the Gulf, it’s MacGyver. Give that man a Swiss army knife, a roll of duct tape, a paper clip, a rubber band and a garden hose and he’ll plug that thing faster than President Obama can say, “It’s Bush’s fault.”
News flash! It’s hot down in the Gulf. Because of that heat, but despite the urgency of the clean-up, OSHA regulations say that clean-up workers can work just ten minutes per hour. We assume they get paid for sitting in the shade and drinking Gatorade the other 50 minutes each hour.
Buck Lee of the Santa Rosa Island Authority revealed this tasty little morsel on Hardball.
Even Chris Matthews was so horrified by this idiotic regulation that he ended the interview by giving Lee the White House phone number so he can ask for help.
Keep dialing, Buck. Bobby Jindal and Haley Barbour have been calling that number for weeks and getting nothing but busy signals.
President Obama and his cronies are about as popular as the oil slick in Louisiana these days.
Fox8Live.com has the details:
Plaquemines parish president Billy Nungesser is furious, drawing a line in the sand with the White House!
The Obama Administration has asked for a halt on dredging sand berms off the Chandeleur Islands that just started last week, until the project can be relocated farther into the gulf. Nungesser fired off a letter threatening President Obama to step in and do something or face a tongue lashing on national T.V.
“Dammit, it took us long enough to get the permit now they are going to throw rocks at us. They all need to rot in hell for this.”
Nungesser has been the face of the sand berm project, now he’s red faced over the order for U.S. Wildlife and Fisheries.
“Some brilliant individual said we think a mile out is not enough. It may scowl the island or it may subside. So, let’s shut it down.”
Don’t be in such a hurry, Billy. Before these guys begin rotting in hell, let them spend a few more months in public opinion poll purgatory.