Comments on: CLINTON CATALYZED GULF OIL DRILLING BOOM

By: » If I Were President NoisyRoom.net: The Progressive Hunter

» If I Were President NoisyRoom.net: The Progressive Hunter — Sun, 11 Jul 2010 23:27:37 +0000

[...] Clinton administration (the Outer Continental Shelf Deepwater Royalty Relief Act of 1995) without due consideration of disaster contingencies. Our government gave British Petroleum a “categorical exclusion” for the well during [...]

By: HOW OBAMA SHOULD HAVE RESPONDED TO THE GULF OIL DISASTER « THE MILLSTONE DIARIES

Sun, 11 Jul 2010 23:14:56 +0000

By: If I Were President «

If I Were President « — Sun, 11 Jul 2010 18:52:42 +0000

By: American Daughter Media Center - Front Page » Blog Archive » If I Were President

Sun, 11 Jul 2010 09:53:01 +0000

By: Now Republicans Blame Obama For Shaking Down BP For $20 Billion!; Fox News Rushes To Defend Disgraced Oil Company | PoliticalArticles.NET

Fri, 18 Jun 2010 17:26:10 +0000

[...] Joe Barton (R-Tex.) during a hearing on Thursday morning with BP’s CEO Tony Hayward.” I think it is a tragedy in the first proportion that a private corporation can be subjected to what I [...]

By: Dick Morris Calls Obama ‘Incompetent’; Blames Clinton For Gulf ‘Oil Boom’ While Conveniently Leaving Out Bush’s Corrupt & Criminal ‘OIL’ Dictatorship | PoliticalArticles.NET

Tue, 15 Jun 2010 17:24:49 +0000

[...] at Republican propaganda News (Fox), last night teamed up with the sickest extortionist in the history of media, Sean Hannity, to smear president Obama with falsehoods — over the gulf [...]

By: Never let a crisis go to waste | RedState

Never let a crisis go to waste | RedState — Sat, 12 Jun 2010 19:28:51 +0000

[...] CLINTON CATALYZED GULF OIL DRILLING BOOM Just as the subprime mortgage crisis had its roots in the Clinton Administration decision to require Fannie Mae and Freddie Mac to find enough low income borrowers so that half their loans were subprime, the Gulf oil spill also had its roots in misguided policies begun by the Clinton Administration. In 1995, President Clinton signed the Outer Continental Shelf Deepwater Royalty Relief Act which exempted oil wells drilled deep in the Gulf from the normal royalty payments they would normally have owed the government for their oil. Usually, these payments amount to between 12% and 16% of their revenues, so exemption from this requirement did a great deal to catalyze drilling in deep waters in the Gulf of Mexico. As a result of the Administration action, deepwater oil production in the Gulf increased rapidly, growing from 42 million barrels annually in 1996 to 348 million in 2004. The latter figure represents about 6% of total United States oil consumption and about 15% of domestic production. Natural gas production from deepwater Gulf drilling increased tenfold during the same period. Instead, the oil industry took its cue from Washington and went full speed ahead into drilling and production in deepwater Gulf oil wells with the predictable result that something, somehow, sometime would go very, very wrong and that nobody would have the faintest idea of what to do about it. [...]

By: Outer Continental Shelf Deepwater Royalty Relief Act - U.S. Politics Online: A Political Discussion Forum

Fri, 11 Jun 2010 19:16:23 +0000

[...] on the right for anything to do with oil; the origins of this oil spill started with the Dems. CLINTON CATALYZED GULF OIL DRILLING BOOM at DickMorris.com __________________ Conservative vs. liberal. Liberals follow ideology first and facts second, [...]

By: Must Know Headlines 6.11.2010 — ExposeTheMedia.com

Must Know Headlines 6.11.2010 — ExposeTheMedia.com — Fri, 11 Jun 2010 13:14:35 +0000

[...] Clinton Catalyzed Gulf Oil Drilling Boom [...]

By: Poll: Clinton, Bush, And Obama Are To Blame For The Oil Spill | Sarah Palin

Poll: Clinton, Bush, And Obama Are To Blame For The Oil Spill | Sarah Palin — Fri, 11 Jun 2010 01:32:12 +0000

[...] – Dick Morris And Eileen McGann [...]