Friday 2 April 2010

Offshore Drilling Bribe for Cap-and-Trade

The press makes Obama's decision to open up drilling in various areas as 

"... Obama justified his decision to allow drilling in the eastern Gulf of Mexico, the southern Atlantic, and some coastal regions of northern Alaska on the grounds that it would create jobs and serve as a “bridge” to the carbon-free Brigadoon we’ve long been promised. The reality is that his decision was entirely political. Aiming to win vital Republican support in the Senate for some kind of bipartisan cap-and-trade legislation, he lifted the ban where the polling was in favor of doing so. Sound science, energy policy, and economics were the last things on his mind. On that, there is widespread consensus ...." Jonah Goldberg - The Same Old Drill .  Other takes on the subject ... Sarah Palin - Stall, Baby, Stall and Loren Steffy from the Houston Chronicle.
If you read my post of last week specifically detailing the 33 broken promises/policy statements, then you'll understand my skepticism about anything Obama says and does. Those who understand the industry are summing this bill up as more of a take-away than a giveth.

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