Results 1 to 7 of 7
05-11-11, 02:30 PM #1
One thing preventing us from tapping into our offshore oil sources - President Obama
With almost 98 percent of America's offshore oil off-limits to drilling, and sustained gas prices nearing $4 a gallon, congressional Republicans say only one thing is keeping America from tapping into its offshore resources -- President Obama.
On Wednesday, Congress will consider a bill to void that. The House is expected to pass H.R. 1231, a bill titled, "Reversing President Obama's Offshore Moratorium Act".
Here's what it would do:
-- Require the administration to allow drilling in at least 50 percent of the Outer Continental Shelf areas known to contain the most oil and gas. Specifically, that means southern California, the Arctic, mid-Atlantic and Eastern Gulf of Mexico.
-- Open up other areas in the southern Atlantic and allow governors there to to opt in to the plan if they chose.
-- Require the federal government to establish production targets for oil and gas. Currently, that would mean 3 million barrels a day of oil, or roughly three times more than the U.S. currently produces from offshore sources.
No one has greater love than this, to lay down ones life for ones friends - John 15:13
"The Wicked Flee When No Man Pursueth: But The Righteous Are Bold As A Lion".
We lucky few, we band of brothers. For he who today sheds his blood with me shall be my brother.
05-11-11, 03:19 PM #2
Meanwhile, fishing in Russia:
"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that justifies it." -- Frederic Bastiat
"Certainly there is no hunting like the hunting of man and those who have hunted armed men long enough and liked it, never really care for anything else thereafter." Ernest Hemingway
The opinions given in my signatures & threads DO NOT reflect the opinions, views, policies, and/or procedures of my employing agency. They are my personal opinions only, thereby releasing my agency of any liability, or involvement in anything posted under the username "Five-0" on Officerresource.com
05-11-11, 04:57 PM #3
If only we could have more offshore drilling like they did in the Gulf--it worked so well last time.
05-11-11, 08:35 PM #4
Should have been drilling years ago.'Political Correctness is a doctrine fostered by a
delusional, illogical liberal minority, and rabidly
promoted by an unscrupulous mainstream media, which
holds forth the proposition that it is entirely
possible to pick up a turd by the clean end!'
“A fear of weapons is a sign of retarded sexual and emotional maturity.” Sigmund Freud
05-11-11, 11:00 PM #5Do not war for peace. If you must war, war for justice. For without justice there is no peace. -me
We are who we choose to be.
R.I.P. Arielle. 08/20/2010-09/16/2012
05-12-11, 12:21 PM #6
There are risks associated with pretty much anything. But, offshore drilling can be very safe, as Norway has proven since the 1970s just by using the right technology...
Why Norway's offshore drilling is safer - Joe Conason - Salon.comAlpha Phi Sigma Alum - Alpha Delta Chapter
05-12-11, 12:24 PM #7
One of the things that irritates the hell out of me is that a lot of dems complain that the oil company makes too much money and doesn't pay enough taxes. This year they're on the road to $200 billion in profits and only paying $4.4 billion in taxes. The reason? They get tax breaks that are supposed to be used to promote domestic drilling. If you're not going to let them drill, then really, you don't get to complain about the tax breaks. *sigh*--"D.B.A.D." --Me
--Life's tough...it's tougher if you're stupid.
--"Genius may have its limitations, but stupidity is not thus handicapped." -Elbert Hubbard
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)