Obama's anti-energy policies stifle economic recovery.
President Obama is clearly an anti-energy activist. He has placed the Environmental Protection Agency under the authority of Lisa Jackson, a regulatory zealot – and is doing everything in his power to destroy America’s energy industry.
One of Obama’s anti-energy tactics is to block or lengthen the time it takes to get approval for an oil lease in the Gulf of Mexico. Oil is the lifeblood of the American economy – that’s why Obama has targeted it.
Back in July, the House Oversight Committee released a report on Obama’s effective destruction of oil drilling jobs.
House Committee Chairman Darrell Issa (R-CA) noted:
“The Obama Administration has systematically blocked domestic energy production in the Gulf of Mexico, and today’s report puts that action in stark terms. It documents a 250 percent increase in the deepwater exploration permit backlog with a decrease of nearly 80 percent for plan approvals and deepwater drilling. That means a loss of $9 billion dollars in capital investment in 2011, along with a projected loss to the government of $25 billion in royalties and tax payments over the next 3 years, to say nothing of the tens of thousands of jobs lost.
“Our domestic energy resources are the largest in the world. Tapping these resources will create more than 500,000 jobs in the next three years, grow the economy and put us on the path to recovery.”
The study looked at the plan and permit levels in the six months following the lifting of the deepwater activity moratorium in October 2010. The analysis found a:
• 250% increase in the backlog of deepwater plans pending governmental approval
• 86% drop in the pace of regulatory approvals for plans
• 60% drop in all GoM drilling permits
• 38% increase in the time required to reach each regulatory approval required.
The report also notes that the EPA and the Department of Interior have taken regulatory actions – in cahoots with outside environmental groups – to stifle energy production in the U.S.
On every energy front, Obama regime is waging a relentless war against the companies that provide coal, gas, and oil for our economy. The EPA is the tip of the spear in this war against energy and the free enterprise system. It must be stopped.
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When is someone going to stand up and say enough is enough with this failed democrat administration. At every turn they ar e
furthering the pain of mismanagement in this great America. He (Hussein Barack Obama) is is obviously operating on the theory that hungry people will fight for whatever the Government tells them too.
Forrest
Our country is now in a basket on it's way to hell.
Obama and his "many" croonies have their hands all over the baskets handle.
fill your gas tank on the way to the polls and show the world how stupid you are vote demoNcRATic Just kidding,vote for people that actually LOVE America. takes most dims off the list