"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."
Oil Drilling Moratorium is an Act of Treason "...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." Alan Caruba, Warning Signs
Obama's Offshore Drilling Ban Flip-Flop "Do you think that the drilling ban lifting in October may have been designed to help Democrats on Election Day? Do you think the fact that the Dems got wiped out in the southern rim played into the decision to re-impose the ban-especially because some of the few remaining southern Democrats are becoming Republicans?
"And what evidence does Obama have now that he did not have a few weeks ago that justifies the re-imposition of the ban?" Thomas Lifson, American Thinker