President Barack Obama rightly cites a number of reasons the price of gas has skyrocketed, but he omits his energy policy and he also omits his failure to prepare for the inevitable.
Entries in Gulf coast drilling (3)
Despite the federal government’s claim of lifting the drilling moratorium in mid-October, ATP Oil and Gas Corp. is still waiting on a permit to drill in the Gulf of Mexico. ATP has become so frustrated, the company took out a quarter page ad in The Wall Street Journal. The ad content run in section A on page 11 (Dec. 27, 2010) comprised a letter to President Barack Obama. The letter contained a reference that was a simple request: “Please issue a permit so we can go back to work.”
The Houston Chronicle sheds more light on what’s at stake—a cost of $330,000 a day to keep workers on site and avoid layoffs.
Is it inappropriate to ask whether Democrats want the U.S. economy to fail?
Considering some of the policies pressed by the White House and Congress, the question is entirely appropriate. President Barack Obama’s unpredictable positions on offshore drilling in the Gulf suggest he is not looking out for the best interests of the U.S.