11/6/09 At Least China is trying to drill for our oil

pardon the language but he its frustrating and i'm no priest.

PLEASE disregard my rant below and still go to the story below..........
Check this out imagine that. I'm not even going to get into Alaska and nuclear energy and the cap and trade joke. And some people were offended when Rush said he is more afraid of what this administration (really its just the freakin progressives and that movement in general) will do to America for the long term than Taliban????REALLY??? He didn't even say what he really wanted to trust me i have to believe because I would take that and multiply it by about a dam thousand.
DOES ANYBODY REMEMBER ALL THE SCREAMING WHEN, AT THAT TIME CAUSE WE WERE GOING TO FLORIDA ON VACATION...ALAS KELLY WASN'T ONE OF THOSE JOBS SAVED OR CREATED SO IT MAY BE THE LAST VACATION.....do you remember what you were saying when gas was 4.50 to 8$ a gallon just because of a mother freaking hurricane? Are you kidding me? Well it was drill baby drill then and of course it all dropped in $ and it everything slacked off and with the ungodly lot of American changing garbage being shoved down our throat it just hasn't been brought back up with the same fervor. HEY BUT AT LEAST I'M NOT F'N BITTER!!!!!!!!!!!!!!!!
http://bit.ly/3E8Tdo
China Buying Oil Leases Off American Shore?
November 5th, 2009 | Author: Bruce McQuain
That’s the word from Mark Tapscott at the Washington Examiner:

Gas prices here in the U.S. are creeping back up towards the $3-per-gallon mark even as news breaks today that China’s state-owned energy firm just closed a deal to buy interests in four development leases on the American Outer Continental Shelf (OTS) in the Gulf of Mexico.

The deal, which requires approval of the U.S. government, is between Norway’s Statoil and China National Off-Shore Oil Corporation (CNOOC). This is the same CNOOC that would have bought Unocal four years ago for $18.5 billion but for pressure from Congress, according to The New York Times, quoting an energy industry trade publication.

Because it must be approved by the U.S. government, the Statoil/CNOOC deal puts President Obama and Ken Salazar, his Secretary of the Department of the Interior, which controls OTS leasing, in a difficult position.

Really? Why does it put the government in a “difficult position”? Oh, you mean the apparent willingness to sell these leases to foreign entities vs. opening them up to domestic American exploration?

The deal also focuses renewed attention on Salazar’s slow-walking of a new plan for approving energy exploration and development in the OTS, which includes approximately 1.7 billion acres, and, according to Interior, holds up to 86 billion barrels of recoverable oil and more than 400 trillion cubic feet of natural gas.

The administration is moving much too slowly to open more of the OTS to development for domestic U.S. uses, according to Jack Gerard, president of the American Petroleum Institute …

But it apparently isn’t moving too slowly to open up the OTS to foreign competitors.

In the meantime:

If the administration approves the deal, it will be more vulnerable to charges that the White House is being careless with U.S. national security issues in the energy sector, and that it is putting the interests of a foreign power before those of U.S. energy consumers.

If Obama and Salazar reject the deal, it will likely complicate relations with China, the emerging Asian superpower that defense experts predict will be able at will to challenge U.S. legitimate national security interests around the globe in the near future.

Oil isn’t going away anytime soon and its use is critical during any transition to alternate energy sources (which, for the most part are vaporware). Additionally, the charge that the Obama administration is playing fast and loose with US national security will resonate if the public becomes aware that domestic producers have been barred from OTC production but foreign producers are given access.

So the dilemma facing the administration is one of its own ideological making. Its “slow walking” of the plan for domestic producers to explore the OTC is a decision it made to thwart the desires of a majority of the nation to secure those assets for the US’s use. And now it’s going to hand them over to China?

That will not play well in at all in middle America.