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Archive for January 24th, 2012

Three Obama Failures in Oil – The Anti-Jobs President Strikes Again – Don’t Look for These in the State of the Union

Posted by Yorkshire on 2012/01/24

Three separate, but co-mingled incidents recently happened that has left many scratching their heads in disbelief. All of these have the Obama Administration, or Obama’s fingerprints all over them. The first on is in Brazil. It was kind of funky that BO talked out of both sides of his mouth last year. While he closed the Gulf of Mexico to virtually all oil exploration, he encouraged Brazil to open deep water exploration and development of a new oil field in the Atlantic. He said at that time he would give Brazil $2Billion to help develop. (But there is some dispute about that) And he did say that the USA would be their No.1 customer. Well, we won’t be, Brazil signed a $10Billion deal with the Chinese to develop the field.

China gets jump on U.S. for Brazil’s oil
By Kelly Hearn – Special to The Washington Times

BUENOS AIRES — Off the coast of Rio de Janeiro — below a mile of water and two miles of shifting rock, sand and salt — is an ultradeep sea of oil that could turn Brazil into the world’s fourth-largest oil producer, behind Russia, Saudi Arabia and the United States.

Moron this story here and there:

And this article: Obama’s Brazilian Oil Disaster

Then we go to No.2. Number two is the rejection of the Keystone XL Pipeline by TransCanada to bring oil to southern refineries from Alberta. It was reject to appease the evironMENTALists and the Left because any other excuse makes no economic sense at all. Canada has more oil than it needs for its own population. They sell 90% of their exports to us. Since it appears BO has to support his Far Left Base, rejection was easy. What small environment issues could have bee worked out while constructing the pipeline. In the meantime, Canada may sell the oil to China (is there a theme here?)

Keystone XL pipeline proposal rejected — for now
TransCanada will apply again, CEO says
By Laura Payton, CBC News

The U.S. government has denied an application by TransCanada to build the Keystone XL pipeline, the State Department announced Wednesday.

A statement released by the department said it doesn’t preclude the Calgary-based TransCanada from applying again with a different route, and the company said in a press release that it will do just that.
Moron this story here:


And then No.3. Unofficially the unemployment rate is around 15% in spite of the alleged official rate of 8.5%. One state has the lowest unemployment rate at 2.5% and it is North Dakota. Why? The Bakken Oil Field. There is a giant oil BOOM in ND. At the oil fields, oil is extracted by Fracking which is injecting a fluid under high pressure to fracture the shale and release the oil. ND figures it need thousands of more workers for these fields. But, it’s BO to the rescue, not in a good way. His friends the EnvironMENTALists hate fracking. So, how does BO stop this success story, why the EPA of course.

EPA May Place Moratorium on Further Fracking Until 2013
Posted by Bakken Oil on Nov 30, 2011 in News

In a quite remarkable recent story in the Bismark Tribune, Lynn Helms the Director of the Department of Mineral Resources, stated be believes the EPA is on track to halt hydraulic fracturing as soon as January of 2012.

With billions of dollars, thousands of jobs, and over 200 rigs currently working in the area, this would be a monumental setback for the industry.

Moron this story here:

Posted in economics, Oil, Politically Incorrect, Used To Be Cheap Energy | Tagged: , | Comments Off on Three Obama Failures in Oil – The Anti-Jobs President Strikes Again – Don’t Look for These in the State of the Union

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