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Obama Job and Energy plan..

Steve

Well-known member
this is only for offshore and doesn't account for other drilling bans or delays put in place by the Obama administration..

The Full Cost of the Drilling Moratorium

The administration’s decision today not to allow offshore drilling in the eastern Gulf of Mexico, the Atlantic and the Pacific in the government’s next five-year drilling plan could result in the loss of tens of thousands of American jobs, billions less in government revenues and an increasing dependence on foreign energy sources.

By 2020, these jobs could have grown nation-wide to more than 57,000

Also by 2020, government could have reached annual revenue collection exceeding $3.8 billion and still rising.

Americans are denied benefits such as these from this valuable economic activity.

I guess we could put those 57,000 jobs in Mitt's column..
 

Steve

Well-known member
the list is a bit to long to post..

American Energy Roadblocks by the Obama Administration

http://naturalresources.house.gov/issues/issue/?IssueID=15410

right out of the gate... with less then a month on the job..
February 4th Withdrew areas offered for 77 oil and gas leases in Utah that could cost American taxpayers millions in lost lease bids, production royalties, new jobs and the energy needed to offset rising imports of oil and natural gas. According to a Uintah County commissioner, this prevented the creation of approximately 3,000 jobs.

a few job killing actions later...
February 25th Delayed the new round of oil shale research, demonstration, and development (RD&D) leases that would help advance American technology and create high-tech jobs in Colorado, Wyoming and Utah. According to a study prepared for The National Energy Technology Laboratory, over 350,000 jobs would be created by the development of our oil shale resources.

and he even looked out for the poor on the reservation...
April 27th The Environmental Protection Agency ordered the cancellation of a permit for a Navajo Nation power plant that Navajo leadership called the most important development project the tribe has ever undertaken. The plant was expected to create 400 permanent jobs and generate $50 million per year in revenue.

there is no total for the jobs Obama killed.. or the cost to our economy of not exploiting our resources..

his energy plan... and his jobs plan are inseparable..
 

Steve

Well-known member
Well ,... I would have thought at least one liberal would try to defend Obama's energy and jobs policy.. or should I say,..lack of a coherent policy..

we have all heard about the one side.. green energy failures... billions lost.. thousands of jobs squanders.. or is it billions squandered,.. and thousands of jobs lost... :? :shock: :???:

but when one looks at the other parts of the energy basket.. it gets downright discouraging...

Lawsuit: Obama Is ‘Illegally’ Thwarting Offshore Drilling

A new lawsuit filed by an independent American oil and gas company charges that the Obama administration is blocking legitimate efforts to find and produce oil from offshore wells.

“Given the challenges still facing the U.S. economy, the government needs to move aside and let private industry do what private industry does best: create jobs and increase our oil supply to help lower the price at the pump,”

“And yet the Obama administration remains committed to strangling America’s economic revival by doing everything in its power to prevent companies that obtain offshore leases from actually drilling and producing oil — a fact evidenced by a new lawsuit just filed in the U.S. Court of Federal Claims by an independent U.S. oil and gas company.”

By March 2010, ATP Oil & Gas Corporation received oil leases and necessary permits to drill in the Gulf of Mexico, and installed state-of-the-art drilling and processing equipment to safely access already-penetrated oil reservoirs, according to the report. The project was financed with $1.5 billion from J.P. Morgan.

Then in April 2010, the BP-operated Deepwater Horizon rig in the Gulf exploded while drilling a well into a previously unexplored reservoir. In response, the Obama administration ordered moratoria on deep-water drilling and barred consideration of new permits.

As a result, the ATP operation was shut down.

ATP has now struck back by filing a lawsuit alleging that the Interior Department “improperly and illegally suspended all deep-water offshore drilling activities and imposed two illegal moratoria on the deep-water drilling permit application process and then unreasonably and unlawfully delayed the issuance of drilling permits after the lifting of the formal moratorium.”

ATP is essentially asserting that the government breached its offshore leases with ATP by violating the Administrative Procedure Act in two ways, “By issuing overbroad moratoria, and by manipulating seven experts from the National Academy of Engineering (NAE) to bolster a recommendation for the moratoria.”

They also point out that all seven NAE experts denied supporting moratoria recommendations, and a previous court case concluded that a White House official had changed the report used to justify the moratorium.

The authors write: “ATP’s lawsuit provides a revealing glimpse into the capital-intensive oil and gas industry where unfair and illegal actions by a government agency can cost companies (and the U.S. economy) enormous sums of money.”

Opening the outer continental shelf to drilling, they add, “would generate hundreds of thousands of new jobs, generate hundreds of billions of dollars in government revenue, and bring more oil to the world market, thereby lowering gas prices.”

if that didn't sound bad enough....

ATP Oil & Gas Files for Bankruptcy

ATP Oil & Gas Corp. (ATPG) filed for bankruptcy in the face of falling production and a looming $89 million interest payment. The company arranged a $700 million revolving credit facility before making the filing.

The Houston-based oil and natural-gas firm has faced production delays as it tries to extract more oil from wells in the Gulf of Mexico. It has $1.5 billion of 11.875 percent notes due May 2015. In downgrading the firm’s credit rating, Standard & Poor’s said ATP won’t have money for the coupon payment on the notes and other planned spending unless it gets outside financing.

The company arranged financing from Credit Suisse Group AG, according to the court filing. ATP’s $89 million interest payment is due in November.

ATP blamed its financial woes in part on the drilling ban put in place in the Gulf of Mexico, where 90% of its wells are located.

"While the moratorium adversely affected all companies involved in deepwater drilling in the Gulf of Mexico, the impact was especially profound on ATP, which is a smaller company than its principal competitors with a heavier concentration in the deepwater Gulf of Mexico," ATP said in court papers.

yep another victory for Big oil and Obama,... but a huge lose for competition and the average American..
 

ANGUS327

Well-known member
Hold on now, isn't he subsidizing Brazils offshore drilling there-by creating jobs for them. So it can't be all bad. :D
 
A

Anonymous

Guest
So what is new or different :???:

Wasn't it President George H. W. Bush by presidential executive order in 1990, which banned coastal oil exploration and oil and gas leasing on most of the outer continental shelf in the first place .... :???:
 

hypocritexposer

Well-known member
Oldtimer said:
So what is new or different :???:

Wasn't it President George H. W. Bush by presidential executive order in 1990, which banned coastal oil exploration and oil and gas leasing on most of the outer continental shelf in the first place .... :???:


After oil prices reached new highs in 2008, the Bush administration and Congress moved to open almost all of the outer continental shelf to oil and gas exploration and development. But in November 2011, the Obama administration released an offshore drilling plan that closes much of the offshore United States to oil and gas drilling that had been opened by President Bush and Congress. The Obama administration’s plan closes those offshore areas to energy exploration and production through at least 2017. The plan allows lease sales to occur in the portions of the Gulf of Mexico and Alaska that were already open to leasing, leaving the entire Atlantic and Pacific coasts off-limits.


http://www.instituteforenergyresearch.org/2012/05/08/obamas-offshore-plan-one-giant-leap-backwards/


But, not only does the plan revert backward in time to limit offshore areas for lease, it also calls for a decrease in the number of offshore lease sales. In the past, lease plans for outer continental shelf development averaged five lease sales a year. The 2012 to2017 plan cuts those lease sale offerings in half.[ii] And, it contains higher minimum bids and shorter lease periods. Bonus bids are likely to go up by a factor of two for some deepwater tracts and lease terms are reduced to 5 or 7 years. Because developing offshore leases takes a long time, additional costs can make marginal properties subeconomic.[iii]


Beginning in 1981 and until they removed it on October 1, 2008, Congress annually passed a moratorium on oil and gas drilling in new areas offshore, which was made into an Executive Moratorium by President George H.W. Bush in 1990. In July 2008, spurred by high oil and gasoline prices, President George W. Bush lifted the ban and announced the beginning of a new “five-year plan” to provide a blueprint for leasing in the outer continental shelf for the 2010 to 2015 period, replacing the five-year plan for the 2007 to 2012 period, which did not provide for any lease sales in the areas covered by the moratorium. In January 2009, before leaving office, President George W. Bush issued a draft proposed oil and gas leasing plan for the outer continental shelf that included 4 areas off Alaska, 2 areas off the Pacific coast, and 3 areas off the Atlantic coast.[v]
 
A

Anonymous

Guest
hypocritexposer said:
Oldtimer said:
So what is new or different :???:

Wasn't it President George H. W. Bush by presidential executive order in 1990, which banned coastal oil exploration and oil and gas leasing on most of the outer continental shelf in the first place .... :???:


After oil prices reached new highs in 2008, the Bush administration and Congress moved to open almost all of the outer continental shelf to oil and gas exploration and development. But in November 2011, the Obama administration released an offshore drilling plan that closes much of the offshore United States to oil and gas drilling that had been opened by President Bush and Congress. The Obama administration’s plan closes those offshore areas to energy exploration and production through at least 2017. The plan allows lease sales to occur in the portions of the Gulf of Mexico and Alaska that were already open to leasing, leaving the entire Atlantic and Pacific coasts off-limits.


http://www.instituteforenergyresearch.org/2012/05/08/obamas-offshore-plan-one-giant-leap-backwards/


But, not only does the plan revert backward in time to limit offshore areas for lease, it also calls for a decrease in the number of offshore lease sales. In the past, lease plans for outer continental shelf development averaged five lease sales a year. The 2012 to2017 plan cuts those lease sale offerings in half.[ii] And, it contains higher minimum bids and shorter lease periods. Bonus bids are likely to go up by a factor of two for some deepwater tracts and lease terms are reduced to 5 or 7 years. Because developing offshore leases takes a long time, additional costs can make marginal properties subeconomic.[iii]


Beginning in 1981 and until they removed it on October 1, 2008, Congress annually passed a moratorium on oil and gas drilling in new areas offshore, which was made into an Executive Moratorium by President George H.W. Bush in 1990. In July 2008, spurred by high oil and gasoline prices, President George W. Bush lifted the ban and announced the beginning of a new “five-year plan” to provide a blueprint for leasing in the outer continental shelf for the 2010 to 2015 period, replacing the five-year plan for the 2007 to 2012 period, which did not provide for any lease sales in the areas covered by the moratorium. In January 2009, before leaving office, President George W. Bush issued a draft proposed oil and gas leasing plan for the outer continental shelf that included 4 areas off Alaska, 2 areas off the Pacific coast, and 3 areas off the Atlantic coast.[v]


Yep thats what I'm saying- whats new?
Congress opens them- GHW overrides them and closes it- now history repeats itself...
 

Steve

Well-known member
Oldtimer said:
So what is new or different :???:

Wasn't it President George H. W. Bush by presidential executive order in 1990, which banned coastal oil exploration and oil and gas leasing on most of the outer continental shelf in the first place .... :???:

didn't he lose? hopefully nothing will be different..
 

Mike

Well-known member
hypocritexposer said:
Oldtimer said:
So what is new or different :???:

Wasn't it President George H. W. Bush by presidential executive order in 1990, which banned coastal oil exploration and oil and gas leasing on most of the outer continental shelf in the first place .... :???:


After oil prices reached new highs in 2008, the Bush administration and Congress moved to open almost all of the outer continental shelf to oil and gas exploration and development. But in November 2011, the Obama administration released an offshore drilling plan that closes much of the offshore United States to oil and gas drilling that had been opened by President Bush and Congress. The Obama administration’s plan closes those offshore areas to energy exploration and production through at least 2017. The plan allows lease sales to occur in the portions of the Gulf of Mexico and Alaska that were already open to leasing, leaving the entire Atlantic and Pacific coasts off-limits.


http://www.instituteforenergyresearch.org/2012/05/08/obamas-offshore-plan-one-giant-leap-backwards/


But, not only does the plan revert backward in time to limit offshore areas for lease, it also calls for a decrease in the number of offshore lease sales. In the past, lease plans for outer continental shelf development averaged five lease sales a year. The 2012 to2017 plan cuts those lease sale offerings in half.[ii] And, it contains higher minimum bids and shorter lease periods. Bonus bids are likely to go up by a factor of two for some deepwater tracts and lease terms are reduced to 5 or 7 years. Because developing offshore leases takes a long time, additional costs can make marginal properties subeconomic.[iii]


Beginning in 1981 and until they removed it on October 1, 2008, Congress annually passed a moratorium on oil and gas drilling in new areas offshore, which was made into an Executive Moratorium by President George H.W. Bush in 1990. In July 2008, spurred by high oil and gasoline prices, President George W. Bush lifted the ban and announced the beginning of a new “five-year plan” to provide a blueprint for leasing in the outer continental shelf for the 2010 to 2015 period, replacing the five-year plan for the 2007 to 2012 period, which did not provide for any lease sales in the areas covered by the moratorium. In January 2009, before leaving office, President George W. Bush issued a draft proposed oil and gas leasing plan for the outer continental shelf that included 4 areas off Alaska, 2 areas off the Pacific coast, and 3 areas off the Atlantic coast.[v]


Looks like OT would learn to one day quit popping his gums.......... :lol: :lol:

He gets biatch-slapped almost every time he posts! Good Job!!!!!!!!!!
 

hypocritexposer

Well-known member
Oldtimer said:
hypocritexposer said:
Oldtimer said:
So what is new or different :???:

Wasn't it President George H. W. Bush by presidential executive order in 1990, which banned coastal oil exploration and oil and gas leasing on most of the outer continental shelf in the first place .... :???:


After oil prices reached new highs in 2008, the Bush administration and Congress moved to open almost all of the outer continental shelf to oil and gas exploration and development. But in November 2011, the Obama administration released an offshore drilling plan that closes much of the offshore United States to oil and gas drilling that had been opened by President Bush and Congress. The Obama administration’s plan closes those offshore areas to energy exploration and production through at least 2017. The plan allows lease sales to occur in the portions of the Gulf of Mexico and Alaska that were already open to leasing, leaving the entire Atlantic and Pacific coasts off-limits.


http://www.instituteforenergyresearch.org/2012/05/08/obamas-offshore-plan-one-giant-leap-backwards/


But, not only does the plan revert backward in time to limit offshore areas for lease, it also calls for a decrease in the number of offshore lease sales. In the past, lease plans for outer continental shelf development averaged five lease sales a year. The 2012 to2017 plan cuts those lease sale offerings in half.[ii] And, it contains higher minimum bids and shorter lease periods. Bonus bids are likely to go up by a factor of two for some deepwater tracts and lease terms are reduced to 5 or 7 years. Because developing offshore leases takes a long time, additional costs can make marginal properties subeconomic.[iii]


Beginning in 1981 and until they removed it on October 1, 2008, Congress annually passed a moratorium on oil and gas drilling in new areas offshore, which was made into an Executive Moratorium by President George H.W. Bush in 1990. In July 2008, spurred by high oil and gasoline prices, President George W. Bush lifted the ban and announced the beginning of a new “five-year plan” to provide a blueprint for leasing in the outer continental shelf for the 2010 to 2015 period, replacing the five-year plan for the 2007 to 2012 period, which did not provide for any lease sales in the areas covered by the moratorium. In January 2009, before leaving office, President George W. Bush issued a draft proposed oil and gas leasing plan for the outer continental shelf that included 4 areas off Alaska, 2 areas off the Pacific coast, and 3 areas off the Atlantic coast.[v]


Yep thats what I'm saying- whats new?
Congress opens them- GHW overrides them and closes it- now history repeats itself...




You seem to have a problem with reading comprehension...


In July 2008, spurred by high oil and gasoline prices, President George W. Bush lifted the ban and announced the beginning of a new “five-year plan” to provide a blueprint for leasing in the outer continental shelf for the 2010 to 2015 period, replacing the five-year plan for the 2007 to 2012 period, which did not provide for any lease sales in the areas covered by the moratorium. In January 2009, before leaving office, President George W. Bush issued a draft proposed oil and gas leasing plan for the outer continental shelf that included 4 areas off Alaska, 2 areas off the Pacific coast, and 3 areas off the Atlantic coast.
 
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