Jindal - NOT SO INNOCENT - Oil Crisis
puremagic
Posts: 1,907
Jindal knew and withheld it from the public - It was all about the money until the spill. The area known as "Lease Sale 181" holds an estimated 1.26 billion barrels of crude oil and 5.8 trillion cubic feet of natural gas. [ Deepwater Horizon]
Congress approves offshore drilling bill
President Bush expected to sign Gulf of Mexico legislation
WASHINGTON - Hours before adjourning for the year, the U.S. Congress on Saturday sent President George W. Bush legislation that would open 8.3 million acres in the Gulf of Mexico to oil and natural gas drilling and redistribute billions of dollars in royalties to four Gulf states.
The drilling measure was wrapped into a broad tax and trade package that the U.S. Senate approved by a 79-9 vote, hours after the House of Representatives approved it.
Rep. Bobby Jindal, a Louisiana Republican and one of the drilling measure's main supporters, said Bush will sign the bill into law.
The offshore legislation ends a 25-year ban on drilling in deep waters about 125 miles south of Florida's Panhandle, but extends a moratorium on drilling in other Florida waters until 2022.
The area known as "Lease Sale 181" holds an estimated 1.26 billion barrels of crude oil and 5.8 trillion cubic feet of natural gas. [This Deepwater Horizon]
In a statement, the White House said the bill "will help to reduce our dependence on imported sources of energy by increasing access to domestic sources of oil and gas."
But it will be years before the tracts are leased to energy companies and the new supplies actually hit the market. [Jindal lied - Transocean, which has offices in Houston, Texas, has more than 140 rigs in operation across the globe, including 14 in the Gulf of Mexico. BP and Transocean have worked together closely in exploring the Gulf of Mexico for oil. BP has leased the Deepwater Horizon rig since 2007 for about $500,000 a day. Transocean had been at this site since 2002.
More offshore areas would have been opened if Republican House leaders had won Senate support for a bill passed by the House earlier this year that sought to open nearly all U.S. Atlantic and Pacific coastal waters more than 100 miles offshore.
But with time dwindling before the 109th Congress adjourned, key House Republicans agreed this week to use the more limited Senate bill.
Key to winning support in the Senate was a provision that gives four Gulf Coast states -- Texas, Louisiana, Mississippi and Alabama -- 37.5 percent of the royalties collected from oil and gas production on federal leases off their shores.
Gulf Coast lawmakers had sought the money for coastal restoration projects to repair damage from storms like Hurricane Katrina. [Bullshit]
According to congressional estimates, that provision could redistribute about $60 billion in federal leasing fees to states over the next 25 years. After taxes, drilling royalties are the government's second-biggest revenue source.
Natural gas users, from farmers to manufacturers, have backed the drilling bill because they hope the extra supplies will mean lower energy bills.
Environmental groups said U.S. consumers would be better served if Congress pursued measures to cut U.S. crude oil consumption, which is about 20 million barrels per day.
Congress approves offshore drilling bill
President Bush expected to sign Gulf of Mexico legislation
WASHINGTON - Hours before adjourning for the year, the U.S. Congress on Saturday sent President George W. Bush legislation that would open 8.3 million acres in the Gulf of Mexico to oil and natural gas drilling and redistribute billions of dollars in royalties to four Gulf states.
The drilling measure was wrapped into a broad tax and trade package that the U.S. Senate approved by a 79-9 vote, hours after the House of Representatives approved it.
Rep. Bobby Jindal, a Louisiana Republican and one of the drilling measure's main supporters, said Bush will sign the bill into law.
The offshore legislation ends a 25-year ban on drilling in deep waters about 125 miles south of Florida's Panhandle, but extends a moratorium on drilling in other Florida waters until 2022.
The area known as "Lease Sale 181" holds an estimated 1.26 billion barrels of crude oil and 5.8 trillion cubic feet of natural gas. [This Deepwater Horizon]
In a statement, the White House said the bill "will help to reduce our dependence on imported sources of energy by increasing access to domestic sources of oil and gas."
But it will be years before the tracts are leased to energy companies and the new supplies actually hit the market. [Jindal lied - Transocean, which has offices in Houston, Texas, has more than 140 rigs in operation across the globe, including 14 in the Gulf of Mexico. BP and Transocean have worked together closely in exploring the Gulf of Mexico for oil. BP has leased the Deepwater Horizon rig since 2007 for about $500,000 a day. Transocean had been at this site since 2002.
More offshore areas would have been opened if Republican House leaders had won Senate support for a bill passed by the House earlier this year that sought to open nearly all U.S. Atlantic and Pacific coastal waters more than 100 miles offshore.
But with time dwindling before the 109th Congress adjourned, key House Republicans agreed this week to use the more limited Senate bill.
Key to winning support in the Senate was a provision that gives four Gulf Coast states -- Texas, Louisiana, Mississippi and Alabama -- 37.5 percent of the royalties collected from oil and gas production on federal leases off their shores.
Gulf Coast lawmakers had sought the money for coastal restoration projects to repair damage from storms like Hurricane Katrina. [Bullshit]
According to congressional estimates, that provision could redistribute about $60 billion in federal leasing fees to states over the next 25 years. After taxes, drilling royalties are the government's second-biggest revenue source.
Natural gas users, from farmers to manufacturers, have backed the drilling bill because they hope the extra supplies will mean lower energy bills.
Environmental groups said U.S. consumers would be better served if Congress pursued measures to cut U.S. crude oil consumption, which is about 20 million barrels per day.
SIN EATERS--We take the moral excrement we find in this equation and we bury it down deep inside of us so that the rest of our case can stay pure. That is the job. We are morally indefensible and absolutely necessary.
Post edited by Unknown User on
0
Comments
Lol indeed... even Rushie went as far as to blame the Sierra Club and the environmentalist for this
I guess in the end, we (with our addiction to oil) are the ones to blame for this mess... sorta like the whole mess in the middle east.
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
-that Jindal pushed this legislation that was passed in 2006
-that Transocean and BP were 'drilling' by 2007
-that Jindal knew the potential amount of oil that laid in 181 Lease
I posted this article to show
-that $$$ signs silenced the questions of 'what if'. Well the 'what if' has happened and Jindal is reaping
what he sowed.
No, there is nothing funny about this oil spill or the impact it will have on the entire economy and
environment of this country.
-the people and States of the Gulf area, and rightfully so, will be compensated for their loses.
-the rest of us will foot the bill in the form of higher prices and taxes levied on products and services
-we still don't how much methane gas has stirred up and released in the Gulf, nor its potential to catch
fire if push into the air and hit by lightening or from continued drilling.
Am I finger pointing, yes, because our Congressional representatives have become self-serving,
while we stand on the side lines cheering for our favorite party, ignoring the impact their legislation
has on the country as a whole.
http://cosmos.bcst.yahoo.com/up/player/ ... canadanews
Sorry... but blame only comes into play when the persons who are RESPONSIBLE fail to step up and confess.
I believe in that value of 'Personal Responsibility'. I think you believe in that , too.
Hail, Hail!!!