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Obama surrenders gulf oil to Moscow

March 20, 2010
Washington Times
3/18/2010

The Russians are coming – to drill in our own backyard

The Obama administration is poised to ban offshore oil drilling on the outer continental shelf until 2012 or beyond. Meanwhile, Russia is making a bold strategic leap to begin drilling for oil in the Gulf of Mexico. While the United States attempts to shift gears to alternative fuels to battle the purported evils of carbon emissions, Russia will erect oil derricks off the Cuban coast.

Offshore oil production makes economic sense. It creates jobs and helps fulfill America’s vast energy needs. It contributes to the gross domestic product and does not increase the trade deficit. Higher oil supply helps keep a lid on rising prices, and greater American production gives the United States more influence over the global market.

[Ed note ~ Could this be why Obama wants to curtail recreational offshore fishing???]

The story continues …..

3 Comments leave one →
  1. Harold permalink*
    March 25, 2010 8:57 am

    Leon,

    Good to see you my friend!
    After this latest Obamacare fiasco, don’t you wish Barry Goldwater was still around???

    Harold

  2. Leon Benner permalink
    March 21, 2010 1:55 pm

    Harold Nice to see you are back in business, God luck, Hope you are in good health, Leon

  3. March 20, 2010 12:22 pm

    Just wanted to say HI. I found your blog a few days ago on Technorati and have been reading it over the past few days.

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