Moratoriums, permitting bans, cancelling leases, Wild Land designations, EPA regulations on steroids, and tens of billions in DOE loans and subsidies for the alternative green energy industry…..the Obama Administration has done everything in their considerable power to strangle America’s oil and gas industry to death, but it just refuses to die. In fact, it seems to be stronger than ever.
With 26 million people unemployed, under-employed, or having completely given up even trying to find a job, the oil and gas industry is bucking the trend during this prolonged economic recession by adding jobs and producing more badly needed energy right here at home. A Thanksgiving weekend editorial in the Wall Street Journal reports that business is booming in energy rich America in the shrinking number of places not shut off by an Administration Steve Forbes blasted for “the most anti-oil and gas record in U.S. history.” Following is a summary of the WSJ editorial:
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