Thread: Obama's Moratorium on America

Mariani: A Moratorium on America

By Joe Mariani
June 24, 2010 1:22 PM
3 Comments

The moratorium on offshore oil drilling Obama is still pushing despite a Federal judge striking down the original version is neither emotion-driven nor knee-jerk, but cold and deliberate. There isn't a chance that the companies who own those drilling rigs can let them sit idle for six months -- they lose millions of dollars every day they're not running. Already Petrobras is offering to tow the rigs down to Brazil and put them back to work -- and the Export-Import Bank of the United States is loaning Petrobras $2 billion with which to do it! Ex-Im Bank is (for you Liberals) "the official export credit agency of the United States federal government." That's our tax dollars going to destroy our own domestic oil industry, since once those rigs are gone and put on a new contract they will never come back.

Guess who also invested heavily in Petrobras back in February, increasing his holdings to about $900 milllion worth of stock at the time? Our old pal George Soros -- the closest thing we have to a James Bond villain in real life. That's not to suggest a conspiracy in which the Deepwater Horizon rig was deliberately sabotaged, but Soros knew that his tool Obama would sieze upon any opportunity to shut down offshore drilling, which accounts for about a third of our domestic oil production.

A moratorium on offshore drilling doesn't even make sense. For two months we've been told that the disaster in the Gulf is all British Petroleum's fault, caused by shoddy practices and bad decisions, cutting corners on safety to increase their profit margin. If that's the case, then why stop all drilling? That would be like halting all auto manufacturing when some Toyota models had brake issues. A moratorium on offshore drilling suggests there is something inherently dangerous in the process itself -- but if that's the case, why was it right to strong-arm BP into feeding $20 billion to a slush fund to be doled out by political appointees?

Choking off our own oil supply is suicide -- it will bring massive increases in oil and gas prices, making the $140-per-barrel prices we experienced for a short time two years ago seem tame by comparison. It will drive what's left of our economy into a death spiral from which we might never recover. Everything we do, everything we use, depends on oil, including pens, furniture, food production, computers, car tires and traffic lights -- not that there will be much traffic with gas prices hitting $8-$10 per gallon.

A moratorium on offshore drilling while allowing (paying for!) our oil industry to move to Brazil does not just affect oil production, it's the end of it -- and therefore a moratorium on the American economy. If it's not stopped, it can only lead to the destruction of this country as we know it.

http://www.gopusa.com/commentary/2010/0 ... z0rnTo0eJn

many links on this post; go to the link above to view them

Just more reason to believe that the oil spill was done deliberately to push the Obama agenda: moratorium and cap and trade.