Democrats Force American Energy Companies to Flee
Oil giant Exxon announced that of the 32 new major projects for 2006-09 only one is planned in the United States territory.
Democratic policies of “no drilling zones” are forcing energy companies to invest elsewhere. The democrats also keep America dangerously dependent on foreign oil.
Investor’s Business Daily has the latest on how democrats are forcing American energy companies to flee the mainland and as a result leave our country more dependent on unstable and terrorfunding nations for our energy. This is the last thing our country needs.
“Hil verses Hal”
Democrats gleefully demonize oil companies, outlaw offshore drilling and, in Hillary Clinton’s case, vow to expropriate profits. In that kind of climate, why the surprise that Halliburton is moving to Dubai?
Hillary vows to “take profits” from oil companies…
Halliburton’s pullout from its Houston headquarters Monday for a new home in the Middle East drew umbrage from the very Democrats who’ve had the oil-services company in their gun sights for years.
Clinton led the charge, hinting at more punishment ahead. “I think it raises a lot of very big concerns, and we’re going to be looking into it in Washington,” she warned.
One of industry’s most innovative firms, Halliburton provides the operative brawn to transform the discoveries of oil exploration into fuel ready for pipeline transport all the way to the gas station. It holds 4,700 patents.
The only thing Democrats see in this showplace of U.S. innovation is a criminal conspiracy. But then, leftists have built a whole culture around hating Halliburton. Their Amazon-listed books hawk conspiracy theories about how Halliburton supposedly runs the U.S. or the world or both.
“Tantamount to fleeing the scene of a crime,” huffed the Huffington Post, claiming Halliburton’s move was to avoid taxes and slip investigations. The company, of course, denies this — credibly, we might add, considering its remaining base in Houston.
The reality is, Halliburton’s pullout is the result of Democrats doing everything possible to give the company reasons to leave. Yet they don’t seem to have a clue that that’s what’s happening.
Clinton says she is “troubled by the continued outsourcing of jobs and . . . eager to find out how the tax code can be strengthened to encourage American companies to invest here rather than abroad.”
Invest in what? Democrats have effectively taken away every opportunity that might keep Halliburton in the states. They’ve blue-penciled all but a small portion of the Gulf of Mexico for offshore drilling. They also have made the Alaska National Wildlife Refuge off-limits and now want that ban permanent.
Add to that Clinton’s threat to confiscate the profits of companies such as Exxon, profits now being used to develop the very energy that fuels the electricity in her microphone. The result is a climate so hostile that the only way oil concerns can produce oil is by moving.
It’s not just Halliburton. Exxon last week announced 32 new projects for 2006-09. Only three are based in the U.S., and just one is in the Gulf of Mexico.
Another project is in Canada, and the rest are overseas, where no Hillary-like hatred of oil companies exists.
Nine projects are in Western Europe, eight in sub-Saharan Africa, six in the Middle East, three in Central Asia and two in Southeast Asia. Given the size and scope of Exxon, this amounts to a proxy road map of where world opportunities lie for developing energy. In short, they’re not here.
But, other countries are not moved by the democratic legislation that has been strangling our energy corporations.
100 miles from Florida, China is actively exploring oil fields 50 miles from Key West, Florida. U.S. companies are barred from working in this area because of U.S. policy .
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