Welcome back to The Tipping Point. A lot of the ‘tipping’ going on revolves around oil, petroleum, black gold…texas tea. Edna Ferber’s novel, Giant, probably would not fly as a movie today, like it did in 1956, starring James Dean, Elizabeth Taylor and Rock Hudson. It was about the American Dream and greed and oil and redemption. The old American Dream has gone ‘out to lunch’ and everybody who voted for Obama has a hand in destroying the economies of the Gulf and other regions supported by activity collateral to oil production. This includes hotels, restaurants, stores and any business catering to visitors or workers located there.
The Obama suits do not want to allow American oil companies to return to work, a stoppage caused by a foreign oil company. It is a very cold winter in the Northeast United States this year and the cost of heating oil has gone up substantially since last winter, not to mention the price of has at the pumps. If American companies were allowed to do what they have been doing since 1859 oil could be sold, people could return to work, handouts from the Fed wouldn’t be necessary and we could try to get back to normal.
Oil, gas, petroleum…this is the real world currency, not the Sterling Pound, the Euro or the Dollar. Today, Obama said he wants to “support the economy and invest in this nation.” He may want to but when does he intend to start, to take action to…how did he put it when you voted for him…change?
See attached an example of how actions speak louder than words and how a federal judge holds the US in contempt. Tell us if you think it makes any sense. Right.
February 3, 2011 12:03am EST
NEW ORLEANS, Feb. 2, 2011 — /PRNewswire/ — The Offshore Marine Service Association today praised a federal judge’s ruling holding the U.S. Interior Department in civil contempt and called for the Obama Administration to end its de facto moratorium on offshore drilling in the Gulf of Mexico.
“The ruling highlights the disparity between President Obama’s stated policy objectives — to grow jobs and promote American energy independence — and his actions, which instead deliver higher unemployment, higher fuel prices and greater dependency on foreign energy sources. This ruling demonstrates the President is more interested in shutting down our domestic oil and gas production than he is in establishing clear rules to enhance safety and environmental protection. President Obama’s policies are destroying American jobs and exporting American technology to countries that value safe offshore energy production,” said Jim Adams, president and CEO of the Offshore Marine Service Association (OMSA).
“President Obama claims to have lifted the Gulf moratorium, yet not a single deepwater permit has been issued in nine months. As a result, thousands of workers are out of jobs, Americans are paying more for gasoline and heating oil, and our nation is becoming even more dependent on unstable nations for our energy needs,” Adams said.
“President Obama talks a lot about jobs and energy independence,” Adams added. “Now it’s time for him to back up his words with action and call off his de facto moratorium. Americans want an end to this manmade disaster.”
Judge Martin Feldman ruled Wednesday that the Interior Department disregarded his earlier injunction against the Administration’s drilling moratorium. In June, Feldman had struck down the moratorium that the Administration had imposed, saying that the government simply assumed that because one oil rig had triggered a spill, other rigs were just as dangerous.
Interior Secretary Kenneth Salazar responded by instituting a second moratorium that was nearly identical to the one the judge had thrown out.
The government’s “dismissive conduct,” Feldman wrote, “viewed in tandem with the reimposition of a second blanket and substantively identical moratorium and in light of the national importance of this case, provide this Court with clear and convincing evidence of the government’s contempt of this Court’s preliminary injunction Order.”
OMSA represents the owners and operators of U.S. flag offshore service vessels and the shipyards and other businesses that support that industry.