As TYSK predicted when word
first leaked out that Obama
was going to “allow” (as I said then, how nice of him) more offshore
exploration, the real deal is not so rosy.
is an article does a fine job of summing up the
New Drilling Plan: A Combination of Lies
Sleight of Hand
President Obama announced the opening of some off shore sights on the
coast and Alaska. Even though it omits some of our most fertile
off the West coast and on the Alaskan mainland, most people will
President's action. But a closer look at the President's action shows
Obama "giveth with one hand and taketh away with the other"
President started off his announcement with a lie. He said
that the US
only has about 2% of the world's oil reserves. The Congressional
Research Service (CRS) has light on the true picture of
resources. The comprehensive assessment looks beyond the Energy
Administration's estimates of proven reserves to include government
from the U.S. Geological Survey and the Minerals Management Service to
America's recoverable oil resources from areas both accessible and
to drilling. The results show the U.S. endowment of recoverable oil to
billion barrels of oil, not 21 billion – nearly eight times higher than
number pedaled by Democrats. Remarkably, 167 billion is the
replacing America's current imports from OPEC countries for more than
a look at what the President is doing with the other hand:
oil and gas leasing in Alaska's Bristol Bay will be canceled out of
protecting sensitive areas of the Outer Continental Shelf from
could affect companies like Royal Dutch Shell which has expressed
the region, as well as Conoco Phillips, BP and Statoil.
pending lease sales in the Chukchi and Beaufort Seas in North Alaska
canceled and those areas reserved for future scientific research to
if they are suitable for further leasing. At the same time, a
lease sale in Alaska's Cook Inlet will proceed.
formatting from the original newsletter may be lost in this reprint.