The federal government has not approved a single new exploratory drilling plan in the Gulf of Mexico since lifting its deepwater drilling moratorium on Oct. 12. There are currently 103 plans awaiting review by the Bureau of Ocean Energy Management, Regulation and Enforcement.
The information reveals that the Obama administration — not the oil industry — is the culprit for the slowdown of drilling activity in the Gulf. The Gulf of Mexico accounts for more than 25 percent of domestic oil production.
Could the lifting of the ban been for political reasons? Sure looks like it when you see the ban lifted early (right before the November elections), and then no permits issued since. Hmmmm....
I just hope that in 2012 Americans remember who is to blame for the high gas prices and for the decapitation of our domestic oil production which results in our continued dependence on foreign energy sources. Not to mention the American jobs that have been lost.
This story gave me the opening to show you what I got at the Daytona 500 race last Sunday, Feb. 20, 2011.
According to the Environmental Working Group site:
But the only thing green in this deal is the money changing hands.
Last month (Sept. 17), The Associated Press reported that NASCAR’s corporate sponsorships have been drying up due to the sour economy. This “partnership” is really about NASCAR teaming up with ethanol for financial reasons, not environmental concerns. When approached in 2007 about using ethanol — before the financial crisis — The Charlotte Observer reported that NASCAR officials were “lukewarm” to the idea:
A NASCAR spokesman saying because ethanol is not as efficient as gasoline, larger fuel tanks or more frequent pit stops for refueling would be necessary, and that would constitute a safety concern.