Obama Hopes to Thwart TRUMP’s Economic Boom With Last Minute Ban on Oil Drilling

Barack Obama was the worst economic president since the Great Depression.
Obama owns the worst recovery since the Great Depression.
Obama is the first president EVER to not see a single year with 3% GDP growth.

Now that Donald Trump has won the stock market has set several new records. Thousands of jobs are coming back to America.

But on Thursday Barack Obama through a roadblock up in Donald Trump’s path to get the economy roaring again.
Obama banned oil drilling in the Arctic and off the East Coast.

The Washington Post reported:

President Obama moved to solidify his environmental legacy Tuesday by withdrawing hundreds of millions of acres of federally owned land in the Arctic and Atlantic Ocean from new offshore oil and gas drilling.

Obama used a little-known law called the Outer Continental Shelf Lands Act to protect large portions of the Chukchi and Beaufort seas in the Arctic and a string of canyons in the Atlantic stretching from Massachusetts to Virginia. In addition to a five-year moratorium already in place in the Atlantic, removing the canyons from drilling puts much of the eastern seaboard off limits to oil exploration even if companies develop plans to operate around them.

The announcement by the White House late in the afternoon was coordinated with similar steps being taken by Canadian Prime Minister Justin Trudeau to shield large areas of that nation’s Arctic waters from drilling. Neither measure affects leases already held by oil and gas companies and drilling activity in state waters.

The White House claims this move by Obama could not be reversed(?)

Henkster at Free Republic had this to say on the announcement.

0bama sees who Trump has selected for his cabinet, and realizes the core of Trump’s economic revitalization strategy is energy exploitation and independence. Abundant and cheap domestically produced energy will literally refuel our reindustrialization.

0bama is deliberately trying to prevent this from happening. Do we need any more proof that this foreign imposter really hates Amreica?

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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