Obama lifts Gulf Coast oil drilling moratorium

[Peter1469]

Are there any big rigs that sat around waiting for this? Most were moved off the coast of Africa.

[Trinnity]

someone must to talking to him. Months before the election he can't run on his record. This could be a good move for him considering the amount of money his campaign will get by doing this. Not only that he can pride himself of how many jobs are on the way from construction, designers to engineers. It's all about money and lobbyist.

Which just goes to show - it's always about him and what he can get out of it. Is that the kind of man we want in the White House. Geez, he's so amazingly shallow.

[Trinnity]

Harper and him are still taking about the keystone pipe line even jobs will be made in the US but Canada has sold their rights to Asia and most likely they will bring in their own work force. Little to no jobs for the Native Canadians but whats left will be a mess.

What a shame. I hope people will remember WHO really shipped their jobs overseas!!!

[Trinnity]

Maybe, buts that all he has. He has completely failed and lied too much.

Everybody's good at something. He's good at lying and scamming.

[Goldie Locks]

Is there even any liberals left that can trust anything he says??? Anything? Any speech that does not contain lies??

[Cigar]

That says it all....suppose to be last year, but now this year...and election year. Can anyone say buy votes???

No ... Really ?

All's Fair

[patrickt]

It is an amazing coincidence that this, and the teaser for "I might legalize marijuana" both come a few months from the election.

[coolwalker]

Obama does nothing for America unless there is something in it for him. This time it is of course, votes. next he'll issue an executive order stating that only Latinos can work on the rigs.

[MMC]

Yes all is fair.....hopefully Romney will take advantage of this move and he should have been pre-empting it for Obama.

If we are trying to become independent of foreign oil, then why is the Obama administration allowing the Chinese government to buy up U.S. oil and gas deposits worth billions of dollars? This makes absolutely no sense whatsoever. The United States desperately needs to maintain control over its own domestic energy resources so that we can end our addiction to foreign oil.
The Chinese government is using two giant corporations to buy up these energy resources.
The first is the China National Offshore Oil Corporation (CNOOC)
The second is Sinopec Corporation. Sinopec Group is the largest shareholder (about 75% of the shares) in Sinopec Corporation.

For example, CNOOC recently completed a 570 million dollar deal that gives it a one-third interest in huge oil and gas deposits in Colorado and Wyoming.

In fact, according to a recent Business Insider article, this deal gives the Chinese government the right to a third of any new oil discovered by Chesapeake Energy in the entire region.

But this is not the only area of the country where China now owns energy rights. The following is an excerpt from a recent state-by-state breakdown that appeared in the Wall Street Journal.

Louisiana: Sinopec has a one-third interest in 265,000 acres in the Tuscaloosa Marine Shale after a broader $2.5-billion deal with Devon Energy.
Michigan: Sinopec gained a one-third interest in 350,000 acres in a larger $2.5 billion deal with Devon Energy.
Ohio: Sinopec acquired a one-third stake in Devon Energy’s 235,000 Utica Shale acres in a larger $2.5 billion deal.
Oklahoma: Sinopec has a one-third interest in 215,000 acres in a broader $2.5 billion deal with Devon Energy.
Texas: Cnooc acquired a one-third interest in Chesapeake Energy’s 600,000 acres in the Eagle Ford Shale in a $2.16-billion deal.

The Texas deal was particularly noteworthy:

State-owned Chinese energy giant CNOOC is buying a multibillion-dollar stake in 600,000 acres of South Texas oil and gas fields, potentially testing the political waters for further expansion into U.S. energy reserves.
With the announcement Monday that it would pay up to $2.2 billion for a one-third stake in Chesapeake Energy assets, CNOOC lays claim to a share of properties that eventually could produce up to half a million barrels a day of oil equivalent.....snip~

http://endoftheamericandream.com/arc...ons-of-dollars

http://thepoliticalforums.com/thread...d-Gas-Deposits

There is no playing if we want to take back the Country! Perhaps Rove and the Neo-Cons need to be reminded of that. They got the money!

[MMC]

Hey Goldie.....wanted to add this little piece with yours.

Heya Pete. I think this is something you was talking about too.