OBAMA IS DOING EVERYTHING HE CAN THINK OF TO STIFLE JOBS!

How the Obama Administration Stifles Domestic Energy Production and Jobs  by Katie Nielsen

The Department of the Interior recently sold a $1.7 billion lease to a company to drill in the waters of the Gulf of Mexico. That’s good news. But the Obama administration is “is doing everything in its power to prevent companies that obtain offshore leases from actually drilling and producing oil,” according to a new Heritage Foundation report. After the 2010 BP Deepwater Horizon catastrophe, “the Obama Administration arbitrarily ordered the entire deepwater industry to cease drilling,” explain Heritage experts Hans von Spakovsky and Nicolas Loris. This capricious move proved to be devastating to ATP, another oil company, that had much less risky operations already underway:  When President Obama ordered a cessation on Gulf drilling, he essentially forced ATP into such financial turmoil that the company had to seek out other countries that would permit drilling just to stay afloat. With his policy, President Obama effectively offshored jobs and any revenue that would come from domestic oil production.  If President Obama would open these areas again to drilling, then he could expect “hundreds of thousands of new jobs, generate hundreds of billions of dollars in government revenue, and bring more oil to the world market, thereby lowering gas prices.”