Jun 25, 2010

Ruling by judge mocks Obama drilling ban

Obama's drilling moratorium has been ‘moratoriumed’ by judge.

In fact, the federal judge in New Orleans who blocked Obama’s six-month moratorium on new deep-water offshore oil drilling mocked the decision to impose it as sloppy and illogical.

The ruling went into effect immediately.

The White House now must file an appeal in the fifth circuit court of appeals which happens to be located in Louisiana, a state not happy with the way Obama is handling the oil spill.

Trade groups estimate that the 33 deepwater rigs idled the moratorium employed 5,900 to 9,200 people amounting to a loss of millions dollars in salaries. In addition, those jobs support an additional 26,000 to 46,000 industry workers.

The reason for Obama’s moratorium was flimsy. Just because there was one faulty deepwater rig, that does not automatically assume that all are faulty.

Obviously Obama does not want domestic oil. His one and only Oval Office speech mostly amounted to: drilling for oil in the Gulf is risky - so let’s build windmills.

Link here and here.