American Elephants

Why is President Obama Trying to Starve the Country of Energy? by The Elephant's Child

Randall Stilley, CEO Seahawk Drilling, a company now forced into bankruptcy  by President Obama’s anti-energy policies. Mr. Stilley said:

I like the people, I like the business, I like the customers,and really, this is what I always wanted to do. I hope I get a chance to do it again some time.

The president and his minions have essentially shut down major elements of the domestic energy program.  First there was the moratorium on all rigs for drilling in the Gulf.  Shutting down the deep-water rigs was perhaps understandable in the wake of the deepwater Horizon well, but the shallow-water rigs had an excellent safety record.  But when they finally lifted the moratorium, they refused to issue permits to drill in what came to be called the permitorium.  I think it’s seven rigs that have left the area for other countries.

Three bills are being brought to the floor, and if they can muster the support they deserve, will break the logjam.

H.R. 1229 Putting the Gulf of Mexico Back to Work Act.

H.R. 1230 Restarting American Offshore Leasing Now Act.

H.R. 1231 Reversing President Obama’s Offshore Moratorium Act.

It’s a start. It may not get by the Senate, and the President may veto the bill.  The  effects on the whole economy are disastrous, and will be a drag on the economy for years.

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