Tuesday, June 22, 2010

"Are All Airplanes a Danger Because One Was?"

Look. Obama's moratorium on deepwater oil and gas drilling is his door to close on this source of energy and the door he wants to open is the door to windmills and solar panels. Can you imagine panels to run a super economy? Well that's the problem isn't it...he wants to take us back to the Pleistocene and don't forget the power and money thing. Apparently, there's money to be made in the Brazilian Petrobras oil company as these expensive oil drilling platforms move to other shores with oil - like Brazil. Don't know if Obama has money invested in Petrobras but the multimillionaire guy George Soros does and he's part of the Obama circle of friends.

A federal judge Tuesday overturned the Obama administration's six-month moratorium on new deepwater oil and gas drilling, handing a major victory to the oil industry and delivering a stinging rebuke to the White House.

White House spokesman Robert Gibbs said Tuesday the administration would immediately appeal the decision. "Continuing drilling at these depths without knowing what happened" in the April 20 explosion that triggered the spill "does not make sense."

U.S. District Judge Martin L.C. Feldman, in siding with the industry, said the administration had trivialized the economic impact of the moratorium. He added that the plaintiffs "have established a likelihood of successfully showing that the Administration acted arbitrarily and capriciously in issuing the moratorium."

"An invalid agency decision to suspend drilling of wells in depths of over 500 feet simply cannot justify the immeasurable effect on the plaintiffs, the local economy, the Gulf region, and the critical present-day aspect of the availability of domestic energy in this country," Judge Feldman wrote.

In his ruling, Judge Feldman said the moratorium "does not seem to be fact-specific" and did not account for the safety records of the many companies that operate in the Gulf.

"Are all airplanes a danger because one was?" the judge wrote. "All oil tankers like Exxon Valdez? All trains? All mines? That sort of thinking seems heavy-handed, and rather overbearing."...
Read at WSJ "Judge Blocks Offshore Drilling Ban".

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