Breaking: Deepwater Drilling Rigs Leaving Gulf

We're now getting reports that the oil companies drilling in the gulf, upset that Obama shows no immediate signs of relaxing the drilling ban as promised, are quietly moving their deep water drilling rigs overseas where they can actually drill and make a profit.
http://online.wsj.com/article/BT-CO-20100628-712579.html

Executives from oil and gas companies on Monday concluded an hour-long meeting with U.S. Interior Secretary Ken Salazar without securing promises from the government to lift a deepwater-drilling moratorium imposed after a disastrous BP PLC (BP) oil spill.

“Numerous operators told Secretary Salazar that they were in the final stages of moving rigs, deepwater rigs out of the Gulf of Mexico and to West Africa and the Middle East,” according to a person familiar with the matter. “We were frankly disappointed at the lack of serious attention that was paid by the Department of the Interior on the horrible economic impact that the Department of Interior’s policies are having on the industry and on communities along the Gulf Coast.”

So, Obama is doing it again, destroying an entire industry. The oil spill was bad, yes, but by demonizing all oil companies and freezing drilling, he is damaging them and forcing them to move elsewhere to make a profit. So those drilling platforms are moving. Away from us.

Gone.


But this is typical of Obama's methods. In every situation, he tries to create a villain and then demonizes that villain... to justify whatever action he chooses to take. This time the monkey turned and bit him, and the oil companies are showing that they have other places they can work, too... they don't HAVE to drill in the Gulf.

And so Obama runs off more businesses... the ultimate act of off-shoring jobs.

You'd think eventually the man would learn that his heavy-handed, Chicago politics are actively harming this country.