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?