World Oil Prices: Not High Enough!

Ken Salazar blinks?

Interior Secretary Salazar cracks under pressure and begins issuing Gulf of Mexico drilling permits

More like a wink.

Initial drilling on this well began April 16, 2010, in 6,500 feet water depth, and the activities were suspended June 12, 2010, under the temporary drilling moratorium, issued in the wake of the Deepwater Horizon spill.

h/t Adrian
Update:

More“… it took a truly insane amount of pressure just to squeeze that one permit from the White House”

13 Replies to “World Oil Prices: Not High Enough!”

  1. Think oil is high now? Wait ’til BamBam has “intervened” in more mideast bickering and more ME oil goes off line to the US. Add to that the anti refining, drilling, exploration regs he set in motion at home and it looks like he’s determined to create another generation of Alberta Oil Sheiks.

  2. This just one facet of OBOZO/Dems agenda to fulfil Mo Strong’s ambition to destroy western industrialized society…..crazy spending, insane envir regs, disasterous foreign policy, suicidal cap and trade, deliberate energy suppression.
    This is not a surrender but rather a strategic temporary withdraw….too little too late to prevent unsustainable oil prices.
    It’s not about environment but to enable socialist global goverance.

  3. AKA: “Shut them up by throwing them a morsel”
    This is going to take years before we see the benefits…
    BTW: The best Documentary at the Oscars was “Inside Job”
    Here’s the trailer:
    http://www.youtube.com/watch?v=X2DRm5ES-uA
    Here’s a review:
    http://blogs.orlandosentinel.com/entertainment_movies_blog/2010/11/movie-review-inside-job.html
    ……………………………………….
    Oil Cartel, Conglomerates, Corporations (Including affiliate media), Banks, financial institutions = Organized Criminals
    Governments (Including Academia) = Enablers
    Required fix = Go for the jugular: Reclaim Washington DC out of the hands of big money back to the people for the people.
    I’m tired of people pointing at the super rich instead of pointing at the ones who get payed to let them do as they please, even creating regulations in their favor.

  4. heard Donald Trump talking on Rush’s show yesterday…he said he has numerous dealings with Chinese with regards to his real estate holdings….he related the story of how many Chinese are laughing at the weak leadership in the White House right now and cannot believe the stupid decisions coming out of there…
    no kidding.

  5. Is Obama With Eye On ’12 Mulling An EPA Rollback?
    It looks as though President Obama may have decided that getting re-elected in 2012 is more important than saving the planet from the much-dreaded global warming.
    But then how does he break it to the people who helped elect him and whose support he will need in 2012? The left-wing British press reported Monday about how a government shutdown may force the EPA to delay its greenhouse-gas regulation by two years.
    http://www.investors.com/NewsAndAnalysis/Article/564497/201102281859/Is-Obama-With-Eye-On-12-Mulling-An-EPA-Rollback-.htm

  6. Jack Welsh’s money quote from the clip:”Show me the money.”
    Looks like he and most other business types know that Bambam is all TOTUS talk and no (or wrong) action. At least it gives the MSM some sound bites to extol the progressiveness to their sheeple.

  7. Think oil is high now?
    Wait till March 11th…
    Thats the friday that the brotherhood plans to start the protests in Saudia Arabia.
    I say bring it on, let the oil sheikdoms fall to their Islamic tormenters, then we can get down to putting ourselves back to work at becoming energy self sufficient.
    The west hasn’t a leg to stand on, we proped up these dictators, if we want to regain our respect, stop buying blood oil and start producing ethical oil.
    Right here in North America.
    Personally $200.00 a barrel oil might be the ONLY way the west can ever hope to get their industrial job base back from China.
    JMO

  8. I didn’t need to watch that clip.
    I simply cannot get over the stupidity of people who would entertain, even for a microsecond, the notion that Obama was tacking toward the centre.
    Marixst revolutionary thugs don’t tack to the centre.
    Clinton tacked toward the centre but he was never a socialist.

  9. Very interesting analogy William in Ajax…
    “Personally $200.00 a barrel oil might be the ONLY way the west can ever hope to get their industrial job base back from China.”
    In other words, we need to crash and burn and rebuild from the ashes.
    If my studies on human nature is correct, I also believe this is the only way now.
    There are simply too little of us that comprehends the urgency of home energy production to make a difference anymore…And, in a sense, democracies are now almost detrimental because of this.

  10. Obama is a dyed in the wool communist. He will never be anything else. He hates his own Country & shows no, absolutely no concern for its citizens.
    NASA should have been the big tip off.
    This whole game he’s playing is to destroy America not help it.
    Either hes a Caligula or a just a plain no talent race program, token bum.
    JMO

  11. I have been investing in oil stocks for years now and am disappointed in the way my holdings have reacted to the increase in oil prices. If I was only looking at the graphs for my oil stocks over the last three months I wouldn’t guess that the price of oil had gone up more than 15%,

  12. I expect drilling permits to move as Obama is on the way out of the White House (Hopefully 2013). They will go to ‘friends’ that will be delighted to place the ex-president on the Board of Directors of their companies. Sort of like Yeltsin and Abramovich, sell oil leases worth 10’s of Billions in the future for 10’s of millions now.

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