WASHINGTON, DC – House Energy and Commerce Committee Chairman Fred Upton (R-MI) issued the following statement on President Obama’s 2012-2017 offshore leasing plan that will block 85 percent of America’s offshore areas from production.
“The U.S. is home to some of the largest energy reserves in the world, yet today the Obama administration announced it will lock away the vast majority of these resources for another five years. This plan essentially reinstates the offshore drilling ban that was lifted in 2008. The president’s plan is a step backwards, opening no new areas for energy leasing and only further delaying domestic production projects. While the president claims to support ‘all of the above,’ his policies seem more accurately described as advancing ‘nothing from below.’
Well, this is a huge shock. 
Can someone please explain to Barry that oil leases provide direct payments to the U.S. Treasury, create jobs and tax revenue, decreases our trade deficit, and creates a downward pressure on fuel prices? Does he hate America or is he just a complete imbecile?
I wonder if this isn’t simply a continuation of long standing American policy. Keep your powder dry. I have often noted that America seems to have a policy of using her amazing economic strength to buy resources from elsewhere while keeping her own, largely, intact as an insurance against those times when she can’t access other’s. She can afford this and there is strong continuity across all administrations.
I think that was a policy at one time. But, today, that would be senseless. We’ve trillions of barrels in “hard” oil inland. And, I fully expect for more like it to be found around the world. Plus, I don’t think Obama’s that much of a forward thinker.
We sure could use the economic activity.
I agree regarding Obama and the need for the economic activity for sure. I would like to see the effect of America being energy independent on the global political and economic structures. What a great day that will be.
Keith Battye
What planet are you living on?? America is on the verge of a worse financial disaster than the housing market crash. Money printing inflation is just around the corner. When it hits Americans will spend less—they will buy less. MANY businesses are teetering on the verge of going out of business. A hit to sales and they are OUT. A Commercial paper crash will then hit. And right about then Obamacare will be laid on America.
There are no large reserves you talk about. There is 15 trillion in National debt—which DOES NOT include personal debt. How in the world can anyone imagine the largest debt known in the history of the world creates strength?? And how about the additional money printing that is about to happen? Astronomical debt and money printing until there’s no more trees is a recipe for “insurance” as you call it?? Where did you learn your economics? Don’t tell me it was from a box of Cracker Jacks.
Where did you find this political propaganda you typed out here? Or did you whisk that stuff up yourself? Open your eyes to the real world.
Sorry if I’m a but acerbic on you Kieth. But really, how can you conclude everything’s ok??
AAM, I’m not sure, but, Keith may not be from the U.S. So, his perspective would be a bit different.
I was probably a bit harsh.
Yeah, looking over my comment now I see it was a rant. I could have been more neighborly.
Keith’s a big boy. I’m sure he’ll understand.
Yeah, but still……..
I am a little puzzled by your visceral response. All I observed was that there seemed to be a long standing policy in the USA of buying natural resources from elsewhere rather than consuming those found in the USA , for now. I was prompted to say this having observed the closing down of the Rare Earth Mine for example.
Still I can also understand that as I do not live in the USA it was impolite to voice an opinion on resource utilization, sorry.
Keith, I actively seek out comments and opinions from people from around the world. It wasn’t impolite. It’s just an issue which tends illicit raw responses. No worries.
You were not impolite Keith. I went on a rant.
No worries boys, I’m just happy to be here.
Keith,
watch and learn:
Here’s another one of the world’s best economic minds, Marc Faber. He sees an economic crash worse than the Great Depression coming.
In addition to Jim Rogers and Marc Faber here is a prophetic dream given to a rabbi showing that an economic time worse than the Great Depression is coming:
part about about dream to the rabbi starts at 3:19:
Obama is probably only following his orders.
Before the DNC decided to make Obama the candidate, Hillary and Obama disappeared for a few hours and met in that hotel where the Bilderbergers met this year. With somebody.
Afterwards, Obama was the candidate.
http://www.rt.com/news/bilderberg-power-us-obama-932/
Don’t trust Putin’s RT? Look for yourself. Bilderbergers in the Obama admin – lots and lots of them.
http://www.americanfreepress.net/html/obama_bilderbergers_160.html
James,
I don’t know what your paradigm on God is, but I, personally, really do think this is a sign from God because of what just happened in the Supreme Court with ObamaCare:
“DC TO BE DARK FOR DAYS”
http://www.drudgereport.com/
I’d actually thought about writing something about that. I’m less incline to believe this is an overt act of God. But, maybe a withdrawal of protection? I believe that he actively engages from time to time. But, I mostly view them as acts of protection. The miracle Apollo mission for instance. Or when Israel was attacked. But, I think for the most part, he lets us use our free will and we become victims of our own design.
Maybe instead of investing in a bunch of whirlygigs, sun catchers and pinwheels, we should have done some actual infrastructure investment.
I thought that too, a withdrawal of protection.
I’m really not much for saying something is a sign from God. It’s said too much that this is a sign from God, or that is a sign from God. So when something does happen that is a sign from God it doesn’t have the same punch.
The Supreme Court went against the will of the people in the ObamaCare decision. I think this darkness in Washington is a literal portent.
‘The Supreme Court went against the will of the people in the ObamaCare decision.’
I think the Court actually left it up to the will of the people. They know better than anyone that’s it’s unconstitutional. They’re just letting us make the call whether we still want to follow that constitution or not.
Could you explain a little more what you mean? It’s not clear.
We have an election upcoming—-whether ObamaCare stays or goes will the deciding issue….Vote for Obama if you feel the constitution is no longer valid…
I don’t think the election will be only about what happened this week. I wish it were that simple.
Perhaps not, but there’s certainly enough evidence shown from the 4 years of this administration to make a call about how highly it regards the validity of the constitution, at least in it’s current form.
That I can agree with. A clear choice is laid out before America. The right way will be the tougher way. But it’s the better way. And it’s the one worth going for. The other way is depressing and leads to a slavery to the government.
‘Does he hate America or is he just a complete imbecile?’
Yes.
Lol, maybe because he possesses lower intelligence than the average American is why he hates us so much.
Heheh….Well, at least definitely a lower intelligence about what being an American is supposed mean. And certainly about what being an American president is supposed to mean.
Here’s how I said it to a friend on FaceBook. It makes it a little clearer……I think……
I’ve never been much for saying this or that is a sign from God. But a storm hit Washington D.C. that knocked out power after the Supreme Court ruling. It’s expected to be dark there for days. I’m pretty sure that is a sign, a portent from God—i.e., darkness in Washington D.C.. A prophet named Hank Kunneman said from 2010 to 2020 God would be testing America and there would be signs from God in the weather. I’m certainly not quick to believe many things are a sign from God. But this week the Supreme Court went against the will of the people, and the original intent of the Founding Fathers. The Founding Fathers were clear in saying they wanted to base American government on scripture, and wanted the favor of God. John Roberts decided the Constitution allows for this type of “tax”. But the Founding Fathers intended America to be a Nation of taxation as low as possible. They never intended this type of burden in tax. And they certainly never intended on going against the will of the people, i.e., they said “We the people”, the most famous words in American government! John Roberts is wrong.
Here’s a video of Hank Kunneman talking about signs in weather. He said God would cause certain kinds of reactions in the weather after certain decisions being made in D.C. Also, the 50 State snow in 2009 was a sign of a coming cleansing in America:
Let’s put aside who shot sam in this debate for a moment. Let’s look at where Politics are today.
#1 – We have an election in just about 4 months.
#2 – All polls show at this juncture, it will be very close.
#3 – 2000 showed us we do not have “An election” but 51 elections, and the one who wins the most EC votes is the winner.
#4 – A Battleground state, regardless of reason, is Virginia. It has 13 votes – enough to swing the election in either direction.
#5 – Virginia has been trying to explore its offshort oil resources for 10 years now, and even got the green light (before BP Gulf).
#6 – Obama just slammed the door on them again.
In defference to AAM, I would ask what planet Obama is on. is he trying to lose the election?
I really believe that he’s not very bright.
I wonder also if he is a very confused person because of how he was brought up.
Clearly, that’s the case.