Offshore Oil Suffers From Obama Restrictions

[Canuck_Buck]

Congress lifted its 27-year moratorium on drilling off Florida and the East and West Coast last year, but billions of barrels of that oil remains untouched and off-limits because the Obama administration has postponed development there.

http://www.foxnews.com/story/0,2933,521341,00.html

The Obama administration favors green energy and provides generous tax subsidies to wind and solar. By contrast, this week the oil industry complained that Obama proposed hiking their taxes by $70 billion over 5 years, including a $122 million on leases the administration considers non-producing.

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[Doe Dumper]

You'll have that when you have Jeff Immelt and George Soros jerking the strings on him like a cheap puppet.

[Valentine]

Are you joking? What offshore drilling? Why by the time Obama is into his third term, most Americans will be driving those 35 mpg automobiles.

Siverado's will be no more, and anyone driving a truck with a bed behind the driver, will need a business/tax return for that year, or get six months in prison for driving an unauthorized vehicle.