President Obama’s hometown of Chicago is nearly 1,000 miles from the Gulf of Mexico. But like many other communities across the country, it is suffering the consequences of his Administration’s anti-drilling agenda. Illinois accounted for $376.2 million in shallow-water drilling expenditures over the past three years, according to an analysis by 14 oil and gas companies that spend money on vendors and subcontractors. The bulk of that money—$242.2 million—was spent in the Chicago district represented by Representative Danny Davis (D–IL). It’s fresh evidence that Obama’s anti-drilling agenda is having a …
Since the Gulf oil spill nearly a year ago, the U.S. Bureau of Ocean Energy Management, Regulation and Enforcement has issued just one deepwater drilling permit — but oil rig owners aren’t alone when it comes to permitting problems. Renewable, coal, natural gas, nuclear and transmission energy projects across the country also face delays and cancellations. What’s worse: These stalled energy projects cost the American economy both GDP and jobs, according to an economic study released Thursday by the U.S. Chamber of Commerce. The study, conducted by American Consumer Institute President …
As oil prices continue to climb, a backlog of more than 100 offshore drilling plans for the Gulf of Mexico are awaiting approval from the Obama administration, according to federal data. The federal government has not approved a single new exploratory drilling plan in the Gulf of Mexico since lifting its deepwater drilling moratorium on Oct. 12. There are currently 103 plans awaiting review by the Bureau of Ocean Energy Management, Regulation and Enforcement. The information reveals that the Obama administration — not the oil industry — is the culprit …
This week we are joined by Energy and Environment Research Associate Nick Loris. He will take questions about the little-publicized reinstatement of the the offshore oil drilling moratorium. This is especially bad for the Gulf of Mexico region that is still reeling from the BP disaster. Nick has written extensively on why it is important to continue drilling in the Gulf. The residents should not suffer because of a knee-jerk reaction made by the President. He has also talked with locals in New Orleans who are heavily in favor of …
Yesterday the Obama Administration lifted the moratorium on deepwater drilling that it imposed on the oil industry following the BP oil spill in late April. This announcement comes ahead of the expected November 30 end date for the moratorium. According to The New York Times: We have made and continue to make significant progress in reducing the risks associated with deepwater drilling,” Interior Secretary Ken Salazar told reporters on a conference call. Therefore, he said, “I have decided that it is now appropriate to lift the suspension on deepwater drilling …
The White House announced today that the Department of Interior will be lifting the ban on off-shore oil drilling. This is good news. The Bureau of Ocean Energy Management, Regulation and Enforcement Michael Bromwich had estimated that the ban cost the region more than 20,000 jobs. Unfortunately, the Obama administration is leaving costly new job killing regulations in its place. Greenwire reports: The Obama administration is acknowledging that its new offshore drilling safety regulations will raise costs for the oil and gas industry — and may also delay some offshore …
The Department of Interior and Bureau of Ocean Energy Management, Regulation and Enforcement (BOEM) announced that blanket environmental exemptions, such as the one granted to BP, will not be given until “it undertakes a comprehensive review of its National Environmental Protection Act (NEPA) process and the use of categorical exclusions for exploration and drilling on the Outer Continental Shelf.” The government should use this time to enact smarter regulations, not unnecessary regulations that make it too costly for projects to move forward. The NEPA process was originally set up to …
Can the Obama administration’s desperate attempts to cover their true far left nature with centrist rhetoric and promises become any more transparent? Yesterday, the President announced “an expansion of offshore oil and gas exploration” in selected areas off the coasts of the United States. The President claims this announcement was made “in order to sustain economic growth and produce jobs,” but nobody believes him. Just take a quick look at today’s newspaper reporting: The Los Angeles Times: “President Obama … unveiled a controversial offshore drilling plan Wednesday that was driven …
One year ago today, a bipartisan Congress voted to lift the ban on oil and gas drilling off America’s coasts and cleared the way for our Nation to responsibly develop more of our own energy resources, reduce our dependence on foreign oil, and create new jobs. Next, the Bush Administration put forward a robust plan that would open up additional areas to drilling on the United States Outer Continental Shelf (OCS). However, immediately after taking office, the Obama Administration threw up a giant roadblock on the path to new American …
With the nation’s unemployment rate creeping ever closer to 10%, it is not surprising that Americans continue to rank the economy as the most important issue facing the country right now. Recognizing the link between a troubled economy and energy prices, last year 1.4 million Americans signed the “Drill Here, Drill Now, Pay Less” petition demanding that the federal government enact policies that will lower our nation’s energy costs. And Congress responded by ending our nation’s quarter-century ban on oil and natural gas drilling off the Atlantic and Pacific coasts. …
