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Wednesday, March 30, 2011

Obama Pledges to Cut Oil Imports by One Third / No Drilling Permits Issued

After visiting Brazil, where he pledged American assistance there relative to oil exploration and drilling, Barack Obama is now pledging to reduce oil imports to the United States by one third over the next ten years. Not only does that mean there will be less Brazilian oil being imported from a country we will have helped drill for it, but the Obama administration continues to hamstring the oil industry here by not issuing permits. The moratorium in the gulf has already caused rigs to move elsewhere.

Via the New York Times:
WASHINGTON — With gasoline prices rising, oil supplies from the Middle East pinched by political upheaval and growing calls in Congress for expanded domestic oil and gas production, President Obama on Wednesday will set a goal of a one-third reduction in oil imports over the next decade, aides said Tuesday.

The president, in a speech to be delivered at Georgetown University, will say that the United States needs, for geopolitical and economic reasons, to reduce its reliance on imported oil, according to White House officials who provided a preview of the speech on the condition that they not be identified. More than half of the oil burned in the United States today comes from overseas and from Mexico and Canada.

Mr. Obama will propose a mix of measures, none of them new, to help the nation cut down on its thirst for oil. He will point out the nation’s tendency, since the first Arab oil embargo in 1973, to panic when gas prices rise and then fall back into old gas-guzzling habits when they recede.

He will call for a consistent long-term fuel-savings strategy of producing more electric cars, converting trucks to run on natural gas, building new refineries to brew billions of gallons of biofuels and setting new fuel-efficiency standards for vehicles. Congress has been debating these measures for years.
At what point will it become clear to Americans that this man's actions are destroying their country? It first became known about Obama's plans to fund Brazilian oil drilling back in 2009. Just last week, Gulf Oil CEO Joe Petrowski blasted Obama for his hypocrisy about helping Brazil while placing moratoriums on domestic drilling.

Read it all.

h/t Free Republic

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