Obama’s Illegal Moratorium Forces Major Drilling Company to Go Bankrupt
Posted by Jim Hoft on Monday, February 14, 2011, 5:55 AM
Remember: When Barack Obama, the worst jobs president since the Great Depression, talks about creating jobs… He’s not telling the truth.
In May, Barack Obama announced that he would limit new oil drilling in the Gulf of Mexico. Barack Obama knew his offshore drilling moratorium would cost at least 23,000 jobs but went ahead with it anyway. After all, what’s another 23,000 jobs when you’ve lost several million already?
In June it was reported that Team Obama fudged a report to support their drilling moratorium in the Gulf of Mexico.
But this didn’t stop the Obama Administration. These radicals have still have not lifted their deepwater-drilling moratorium. This illegal moratorium forced a major drilling company to go bankrupt this week.
The American Thinker reported:
On top of tens of thousands of workers losing their jobs when Obama imposed a drilling moratorium by executive order (and fudging what scientists and experts believed in order to justify his moratorium) now comes news that Seahawk Drilling, a major publicly-held drilling services company, has declared bankruptcy due to the sharp decline in Gulf drilling work.
From USA Today:Seahawk Drilling Inc. said it has filed for bankruptcy protection and plans to sell its fleet of offshore drilling rigs to a competitor for $105 million.
Seahawk, which announced the deal with Hercules Offshore Inc. Friday, has been hurt by a slowdown in Gulf of Mexico drilling after the BP oil spill last April. The government halted drilling in deep waters and imposed tough new rules that have curtained all energy exploration in U.S. waters.
Do you suppose this will force the Obama Administration to rethink their drilling policy?
Don’t count on it.
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Published May 22, 2012 at 5:04 am - 34 Comments
Joanne commented:
There is a moratorium on oil drilling in the Gulf because Obama does not want America to be able to provide oil for itself….end of story. The usurper continues his destruction of America and her allies, while aiding and abetting her enemies. One of the first things he did in Office was to stop Alaska from new oil exploration and drilling. Even when people have woken up, the people aren’t doing anything about it. The number one priority in America is to get Obama out of Office, before jobs, before the economy, before everything. Obama is the one destroying America and no doubt he was a major influence in Mubarak stepping down in Egypt. He wields tremendous power as the leader of America, and he needs to be stopped.
JR commented:
When people say things like “How does regulation affect jobs?” point right to this for solid, concrete evidence. Absolutely, regulation kills jobs.
madeleine7 commented:
Get this bastard muslim traitor out of the White House ( in hand-cuffs!!!) as soon as possible!!!
dunce commented:
He is rigging the market so govt. electric can buy drilling assets on the cheap.GE just announced that it was buying a rig servicing outfit. What you are seeing is crony capitalism as practiced in socialist countrys like venezuela. General motors did not go through a regular bankruptcy, it was nationalized and redistributed to to the UAW. Immelt Was a hyperactive part of obamas campaign and has been an unofficial part of the administration since his immaculation. He has since acquired an official staus as an adviser on industrial policy or something but you can bet GE will come first and the nation last. Just more looting of america.
bobdog commented:
Do you suppose this will force the Obama Administration to rethink their drilling policy?
Uh, that would be “no.”
Blue Collar Todd commented:
Obama should be found in contempt of the middle class.
http://www.bluecollarphilosophy.com/2011/02/obama-should-be-found-in-contempt-of-the-middle-class.html
His energy policy is a tax on hard working Americans. But of course he has never raised taxes.
valerie commented:
This is the joker that said he was willing to bankrupt our coal companies, and the San Francisco Chronicle didn’t even think that what he said was newsworthy enough to report.
http://hotair.com/archives/2008/11/03/video-of-obama-coal-bankruptcy/
mcc commented:
Being held in contempt didn’t phase him either:
Judge Feldman forcefully admonished the administration’s attempt to circumvent his 2010 decision: “Such dismissive conduct, viewed in tandem with the reimposition of a second blanket and substantively identical moratorium and in light of the national importance of this case, provide this Court with clear and convincing evidence of the government’s contempt of this Court’s preliminary injunction order.”
Read more: http://newsbusters.org/blogs/kyle-drennen/2011/02/04/obama-administration-found-contempt-court-media-silent#ixzz1DxMRgRoi
================
Now let’s expose Pigford:
http://legalinsurrection.blogspot.com/2011/02/shirley-sherrod-catches-andrew.html
Granny commented:
Obama should be impeached for contempt of court. His regime has been ordered to overturn that moratorium, not to simply put in place a moratorium by stone-walling. The oil companies should get together and sue the feds.
S. Wolf commented:
On top of everything else the moratorium advances Zero’s Cloward-Piven destruction of America…
http://theeconomiccollapseblog.com/archives/21-signs-that-the-once-great-u-s-economy-is-being-gutted-neutered-defanged-declawed-and-deindustrialized
We need to wake up and good. It’s a long way down and the sudden stop at the bottom will be wrenching.
Ginger commented:
http://www.youtube.com/watch?v=VnrIppYp8y4&feature=player_embedded
Lt. Col. Allen West for president 2012….Sarah Palin Vice President.
John Fembup commented:
Keep in mind it’s 23,000 jobs but probably closer to 50,000 people counting family members. And keep in mind that the economic impact spreads to the shopkeepers, grocery stores, drug stores, gas stations, etc. who serve these people.
Governments cannot create jobs. They can only destroy jobs. Exhibit A offered for your consideration. . .
And who knew that in our lifetime, Americans would vote ourselves into the Twilight Zone?
Stan25 commented:
Obama is the new Robert Mugabe. Just like Mugabe, Obama is after all of the white owned businesses in this country for the sake of diversity. What is really happening is all of the capital is going to the people that put Barry into the White House. Namely the unions, the corporations and individuals that would benefit from the upheaval. Don’t be mistaken, if things continue the way they are going now, we will be in the same shape — financially — as Zimbabwe and the other African countries that went to socialism.
bigkahuna commented:
I get pissed off that more media dont get this out..even conservative media. Nobody asks that Jerkoff in Chief any6 tough questions. Oreilly is a pantywaist and the liberal media are all on their collective knees.
This jerkoff needs to be impeached NOW
Ginger commented:
How’s the chem trails going in the Missouri skys today? Mine is loaded with x’s and tic tat toes! Do not tell me they are in training!
ChillyinAlaska commented:
Rethink his drilling policy? HELL no, IT’S TIME TO DOUBLE DOWN NOW THAT IT IS BEGINNING TO WORK!
Multitude commented:
No big loss. Just think of all the green jobs awaiting these workers losing their jobs in the bankruptcy. Why, just the other day I saw a line of people at Wal-Mart applying for the exciting opportunity to stack the shelves with the curly lightbulbs at minimum wage.
We’ve all got to remember what Michelle told us: We won’t be allowed to stay in our comfort zones. Those days of having a new car and living in a house with a mortgage are over for the middle class that the Obama’s require. Government-subsidized apartments and community living, and government public transportation must be our new normal if we’re to provide appropriate “hunker-down” cover for George Soros and the other globalists who need to ride out the coming debt-bubble collapse and great depression.
AdexList4Dems commented:
Just think, who would have though back in 1933 that giving the Executive branch dictatorial powers would be so bad. Look it up – emergency powers act of 1933. We have allowed an unconstitional government to reign over us , we never noticed before ” zero” because other than Nixon no one pushed it to the limit. The House and the Senate are rubber stamps and what the Executive cannot get there he can do through executive orders. All the “one” has to do is have a lackey send a report to the Legislative branch informing them of what he did, spent and what he is going to do. They can go along and do the ” ceremony” of passing a bill or decline. The president can accept it or do an EO. RU AWAKE YET?
Iconoclast commented:
I can’t say what I really think but there is no foul word or phrase in any language which I would not apply unreservedly to this shallow charlatan. I hope fervently for a meteor or lightening strike, though.
Espresso Logic - The 6th Sense commented:
What a freaking jackass.
kansas commented:
Do you suppose this will force the Obama Administration to rethink their drilling policy?
What to show them how successful it is. After, aren’t they trying to bankrupt the friggin country?
ausonius commented:
I am wondering why anyone harmed by an unlawful government action could not personally sue those involved at the decision stage, including the president. Immunity laws, so far as I am aware, only protect public officials operating within their lawful capacity.
Once a government employee, including the president, operates illegally, he should no longer be afforded any immunity.
Wouldn’t it be a breath of fresh air to see the president, as well as his department heads, have all of their assets siezed.
There must be a recourse for a citizen to have when dealing with tyrants who will not be bound by the laws they sware to uphold.
ausonius commented:
Think of it, Obama stops by the local stop and rob to pick up his smokes and his atm card is declined due to his accounts being frozen.
Yes, I know I am just dreaming, but it would be nice to see something occur to put the scoundrels in check.
AdexList4Dems commented:
ausonius ” Once a government employee, including the president, operates illegally, he should no longer be afforded any immunity.”
Look @ the trading with the enemy act of 1917 and Emergency Powers act of 1933, he can do it because congress back in 33 authorized the Executive alomost unlimited powers as long as the act was re- newed and the “emergency ” was listed. Obama did so in 2009 listing the events of 911 as an ongoing emenrgency. Every president since FDR has re- authorized it, it gives them a massive amount of power. And if you doubt it does why bother re- authorizing it ?
save us commented:
Just as he planned.
fewer jobs, higher taxes, weaker dollar, bigger deficits
on the way to ending the USA
o for caliph?
tommy mc donnell commented:
no oil, no gas, no coal, no nuclear energy, no economy.
AdexList4Dems commented:
“tommy mc donnell commented:no oil, no gas, no coal, no nuclear energy, no economy.”
Kind of like North Korea – maybe we get a jobs program putting up Sotero statues in every square and eat mold from the sewer caps.
MacAoidh commented:
By the way, this isn’t just Jim blaming Obama. Seahawk’s CEO didn’t pull any punches, either.
“While we are pleased with the successful outcome of our strategic review, and believe this is a positive result for both companies and our stakeholders, I think it is important to note that Seahawk was forced to seek strategic alternatives only after an unprecedented decline in the issuance of offshore drilling permits following the Macondo blowout. The decision by regulators to arbitrarily construct unnecessary barriers to obtaining permits they had traditionally authorized has had an adverse impact not only on Seahawk, but on the sector as a whole,” Stilley said.
More: http://thehayride.com/2011/02/obama-administration-murders-innocent-offshore-driller/
myohmy commented:
What the heck. Obama will print money. He wants to bankrupt this nation. Why not? I blamed those people who voted for this imbecile.
aprilnovember811 commented:
Damn the Congress, Supreme Court, Military, and FOX NEWS FOR LETTING AN INFILTRATOR DO THIS TO THIS COUNTRY. They won’t demand a simple birth certificate and let him rape this nation. I spit on them.
American Patriot commented:
Aprilnovember811 I almost completely agree with your comment. I will not blame the military. By inserting themselves into this, and forcing TheOne from office, they become no better than any other middle east cr**hole country. It is not their place to get involved with politics. Congress on the other hand is squarely where the blame lies, every member has abrogated his/her responsibilty and oath of office. They failed to require the neccessary documentation to assure that each candidate for POTUS was eligible. The great and honorable (ble-eech) media also failed miserably in doing the job they so enthusiastically claim derives from the same constitution they also chose to ignore. Yes there is much blame to go around, but not for the military who serves us so admirably day in and day out in spite of our political drama.
enjay commented:
No he won’t rethink his policies on what he is doing to drilling in the Gulf of Mexico because it’s part of their “campaign of chaos” on America. How else are they going to drive us into their one world order scheme. The demise of America is not by accident.
Take a close look at HR 3534. I think there is a strong connection between drilling moratoriums-destruction of Gulf Coast states economies and the push to put the United Nations in control over our American waters and land.
Do you really want the UN to have control and governance over American waters and land?
HR3534 passed the House in July 2010 and will eventually emerge in the Senate at some point. Curiously many republican House members, who could have stopped it, did not vote. I ask why? Anyone voting yes to the Clear Act (HR 3534) should be voted out of office. Contact your senators asap and get Americans to pay attention.
http://www.infowars.com/us-house-puts-oceans-coasts-under-un-senate-vote-will-seal-the-deal/ It appears here and elsewhere.
Now it makes more sense why these endless drilling moratoriums in the Gulf of Mexico, foot dragging, lying about commission findings, disregard of Judge’s orders and the deliberate killing off of the economies of the Gulf Coast states. Chaos is what they are after, they need America to be broken and dependent so Americans can be herded.
southernsue commented:
if we know all this about obama, why can’t he be stopped? where are our check and balances? where are the people that will stop him? this is the most powerful nation on earth and we can’t stop him? i’m confused about our gov system.
ausonius commented:
adexlist4dems: I understand that most gov’t officials in a non-law enforcement vocation are given absolute immunity, while others such as law enforcement are given qualified immunity. My point is, irrespective of any action of congress or the executive branch, there is a legal theory that would attach to one who knowingly takes unlawful actions that result in a loss of real property or income of another.
I believe even absolute immunity is removed when someone’s actions are against the law.
The issue of congress and the executive passing legislation does not trump the more fundamental issue of a deprivation of property, which triggers constitutional protections.
I realize though, having been around the legal profession for many years, that the world of lawyers will circle the wagons to protect their own, as it is a golf buddy system and little more.
LASTMANSTANDING commented:
ausonius, the truth of the matter is that they do not really have immunity, the issue is who is going to prosecute them. Especially a president or a senator? If you don’t make the case stick, you know they can make your life hell forever. Then you must consider the retribution to family and friends. I explained to my wife, fully what my actions, (letters to congressmen, senators, the president, faxes, emails, letters to the editor of several papers, I am published weekly, public speaking) could cause to happen. I have trained her to especially aware when driving of the behavior of other vehicles, especially those with brush bumpers if they start getting close to her on the road, what she can do to lessen any threat, it is one of their favorite tactics for retaliation. We have several, (self defense) weapons in various parts of the house, she has been trained in their use. Paranoid, perhaps, but caught unaware, never. We live in a rural area and also are potential targets for random crime. Point here is that, when you throw bricks, the other guy may pick them up and throw them back. So I ask again who is going to prosecute? Who has enough ’round object’ to take up the mantle for the people? Have you seen anyone in congress, or the senate or even the Supreme Court who looks like they would do what is right. I personally have not seen any John Waynes around Washington or any where else for that matter lately. But, I say BUT, I may have found a way to get what needs be done, done. If I am successful, you will know May or June. Obama will resign. Pray for this.
Mad Hatter commented:
In his “I’m Mr. Moderate” speech, Obama said, (and I’m paraphrasing) “we have to look at the energy of the future, not the energy of the past”.
You’re right Jim, he’s doing his best to put these companies out of business, and the first step is by shutting down these oil rigs, which will lead to higher prices at the pump, which will lead to more sheep buying those stupid plug in cars.
We have to make high gas prices a major campaign issue in the 2010 Election.
Mad Hatter commented:
Ooops, 2012 Election.