When Obama talks about "Job Creation" don't believe it.
For decades, democrats have blocked one effort after another to responsibly develop the energy resources our country possesses, transforming vast areas of opportunity into "The No Zone."
Because of current U.S. policy, U.S. companies are prohibited from developing oil fields that lie in Cuban waters and come within 50 miles of Florida. However, Cuba is exploring and potentially developing these oil fields, estimated by the U.S. Geological Survey to possess more oil than the Alaska National Wildlife Refuge, and Cuba is partnering with China and other countries, such as Spain, France, and Canada.
The Castro Regime will begin drilling off the coast of Florida next year and will go deeper than the Deepwater Horizon rig that exploded in the Gulf of Mexico in April.
But, US companies are not so fortunate.
The Obama Administration today issue a massive new ban on offshore oil drilling in the eastern Gulf of Mexico or off the Atlantic and Pacific coasts.
The Washington Post reported, via FOX Nation:
Obama administration officials will announce Wednesday afternoon they will not allow offshore oil drilling in the eastern Gulf of Mexico or off the Atlantic and Pacific coasts as part of the next five-year drilling plan, according to sources briefed on the plan, reversing two key policy changes President Obama announced in late March.
During that announcement–less than a month before the BP oil spill–Obama and Interior Secretary Ken Salazar said they would open up the eastern Gulf and parts of the Atlantic, including off the coast of Virginia, to offshore oil and gas exploration.
The announcement is sure to please environmentalists while angering oil and gas companies as well as some lawmakers from both parties who have pressed for continued offshore energy exploration in the wake of massive Gulf of Mexico spill.
According to multiple individuals briefed on the plan, the Obama administration will proceed with scoping for possible drilling in the central and western Gulf of Mexico and in the Arctic as part of the upcoming 2012-2017 Outer Continental Shelf program, while keeping the other areas off limits.
The administration is likely to conduct a new environmental assessment of Shell's plan to conduct drilling in the Arctic, the sources added.
More… Since the deepwater drilling ban was lifted in October the Obama Administration has also refused to issue many permits in the Gulf.
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