As predicted, an oily sleight of hand by Obama

From the TYSK Insider Newsletter dated: 31 March 2010
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As TYSK predicted when word first leaked out that Obama was going to “allow” (as I said then, how nice of him) more offshore oil exploration, the real deal is not so rosy.

 Here is an article does a fine job of summing up the Øne’s deception:

 Obama’s New Drilling Plan: A Combination of Lies
And Sleight of Hand

The Lid

 Today President Obama announced the opening of some off shore sights on the east coast and Alaska. Even though it omits some of our most fertile drilling spots off the West coast and on the Alaskan mainland, most people will celebrate the President's action. But a closer look at the President's action shows that Obama "giveth with one hand and taketh away with the other"

 The 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 America's energy resources. The comprehensive assessment looks beyond the Energy Information Administration's estimates of proven reserves to include government estimates from the U.S. Geological Survey and the Minerals Management Service to include America's recoverable oil resources from areas both accessible and inaccessible to drilling. The results show the U.S. endowment of recoverable oil to be 167 billion barrels of oil, not 21 billion – nearly eight times higher than the number pedaled by Democrats. Remarkably, 167 billion is the equivalent of replacing America's current imports from OPEC countries for more than 75 years.


 Here's a look at what the President is doing with the other hand: 

Proposed oil and gas leasing in Alaska's Bristol Bay will be canceled out of concern for protecting sensitive areas of the Outer Continental Shelf from environmental dangers.

 This could affect companies like Royal Dutch Shell which has expressed interest in the region, as well as Conoco Phillips, BP and Statoil.

 Four pending lease sales in the Chukchi and Beaufort Seas in North Alaska will be canceled and those areas reserved for future scientific research to determine if they are suitable for further leasing. At the same time, a previously scheduled lease sale in Alaska's Cook Inlet will proceed.

 Full article here:


Note: Some formatting from the original newsletter may be lost in this reprint.

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1 apr 2010