Well, President Obama did promise to vitalize the economy and create jobs — I just thought he meant the U.S. not a pugnacious banana republic off the coast of Florida.
In a sharp turn in Obama administration policy, the White House announced that they will be yanking concessions to Republicans by closing the eastern Gulf of Mexico to drilling until 2017, reports the Washington Post. The policy also promises to look at new information gathered on drilling off the coast of Alaska and the eastern seaboard, delaying new drilling in both regions and most likely the southern and western portions of the Gulf of Mexico as well
It’s kind of sweet when you think about it — a little gift to a cranky old Marxist in his waning years. And it never hurts to keep options open with your police state neighbors — especially if your soft-headed president is madly clamping spurious environmentalist tourniquets around the lifeblood of your economy. You never know, someday we might need to grovel negotiate for a little of that Gulf oil, since Cuba and China have no qualms against drilling there to beat the band, starting next month.
For decades, democrats have blocked one effort after another to responsibly develop the energy resources our country possesses, transforming vast areas of opportunity into “The No Zone.”
Because of current U.S. policy, U.S. companies are prohibited from developing oil fields that lie in Cuban waters and come within 50 miles of Florida. However, Cuba is exploring and potentially developing these oil fields, estimated by the U.S. Geological Survey to possess more oil than the Alaska National Wildlife Refuge, and Cuba is partnering with China and other countries, such as Spain, France, and Canada.
The Castro Regime will begin drilling off the coast of Florida next year and will go deeper than the Deepwater Horizon rig that exploded in the Gulf of Mexico in April.
But, US companies are not so fortunate.
The Obama Administration’s new plan for offshore drilling in Atlantic, Gulf of Mexico, and Alaskan waters. (from the Christian Science Monitor)