Oil Drilling Moratorium is an Act of Treason….This is the Final Nail in the Coffin…

Posted on December 3, 2010 by rockingjude

CANADA FREE PRESS~

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By Alan Caruba

If you had any doubt that Barack Obama’s agenda is to destroy the United States of America, but still want more proof, I offer you the announcement that this administration will not provide any offshore oil leases in the eastern Gulf of Mexico, Pacific, or Atlantic coasts…for at least seven years!

In October, a study by the Maguire Energy Institute at Southern Methodist University concluded that the reduction of shallow water oil drilling permits that followed the BP oil spill would put as many as 40,000 jobs at risk and cost the region $4.3 billion in lost wages and revenues.

At the same time, a consortium of foreign oil companies led by the Spanish firm, Repsol, working with India’s state-run Oil & Natural Gas Company and Norway’s StatoilHydro are exploring for oil off the coast of Cuba where drilling in its waters will proceed even while American and other oil companies will be denied access to vast reserves off the coasts of all of the Gulf States.

From Alaska to Florida, offshore of California or any of the East Coast States, Obama is destroying America’s energy future in the same fashion his administration has done everything in its power to shut down the nation’s coal mining industry.

Here are the statistics that demonstrate how dependent we are on fossil fuels: In total they provide 84.9% of the energy Americans use. Of that, coal provides 22.4% and oil represents 39.2%, while natural gas accounts for 23.2%. Other energy sources include nuclear power at 8.3%, hydroelectric at 2.4% and the least efficient and dependable, wind at 0.3% and solar at 0.08%. (Data source: the Institute for Energy Research)

President Obama has made his intentions to bankrupt the coal industry clear

In March, Gov. Joe Manchin of West Virginia, a Democrat, said, “President Obama has made his intentions to bankrupt the coal industry clear. EPA’s actions this week demonstrate that he will wage a war against the energy source that generates half of America’s electricity and is our nation’s most abundant, reliable, and affordable energy sources.”

Gov. Manchin said that estimates were that the administration’s actions would affect 65,000 members of the Appalachian workforce who would lose some of the highest-paying jobs available in the region. At least $12 billion in lost economic development was forecast.

Nor is the Obama attack on the nation’s energy supply restricted to coal and oil.

In October, the Obama administration demanded $880 million in exchange for a $7.5 billion loan guarantee necessary to the construction of a Maryland nuclear facility. The plant would have generated thousands of jobs as well as needed megawatts of electricity for that State’s residents. The project was cancelled.

State by State as America ceases to mine its own coal and loses access its own oil reserves, the prices of energy which will have to be imported will rise while thousands of jobs related to these industries disappear, wrecking the economies of entire communities and delaying the recovery of energy-rich States.

These are acts of treason against the nation, if not in the narrow legalistic definition, but in the larger context of the harm being done to a nation for which affordable, abundant energy has been at the core of its economy and well-being.

The moratorium is the equivalent of an act of war on the ability of Americans to have the energy

The moratorium is the equivalent of an act of war on the ability of Americans to have the energy they need to recover from the present economy, to provide the jobs necessary to that recovery, and to fuel everything from the utilities that generate electricity and the nation’s fleet of trucks that transport the vast bulk of all goods.

This agenda of economic destruction has been carried out since Obama took office in 2009. It is the reason Obamacare was inflicted on the nation, asserting control over one sixth of the nation’s economy. It is the reason the government took over General Motors and Chrysler. It is the reason Obama failed to come back from South Korea with a trade treaty and has stalled others in the pipeline.

In countless ways, the engine of the federal government is being used to betray and impoverish Americans.

Cry treason! For that is what it is.

http://canadafreepress.com/index.php/article/30601

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