How much did the Obama WH get from BIG OIL, in exchange for a drilling lease?

The Obama administration issued the first new deep-water drilling permit for the Gulf of Mexico since the BP oil spill, stoking cautious optimism Monday among some industry executives and Gulf Coast politicians about local oil and gas exploration.

The federal Bureau of Ocean Energy Management, Regulation and Enforcement approved a permit for the Houston-based company Noble Energy to drill a so-called bypass well in 6,500 feet of water about 70 miles southeast of Venice, La.

The new well would track one started in April 2010 but plugged two months later, when the government established a moratorium on deep-water drilling in response to BP’s well blowout. Noble’s new drilling would go around the plugs to reach the oil.

The administration’s announcement comes as Interior Department officials face growing pressure from the courts and Congress to speed up the approval process. Not a single new well has been drilled in deep water since the April 20 BP oil spill, which killed 11 workers and spewed more than 200 million gallons of crude into the gulf.

http://www.latimes.com/news/nationworld/nation/la-na-deepwater-permit-20110301,0,5827100.story?track=rss

6 Responses to “How much did the Obama WH get from BIG OIL, in exchange for a drilling lease?”

  1. Vladimir Says:

    What’s funny is that you were proclaiming off-shore drilling would create jobs, but since Obama allowed it. It’s a mass conspiracy theory. LOL!

    Also, beautiful answer, Sandy. But, he won’t accept he’s a hypocrite, because he’s a utopian capitalist.

  2. Uri Smendrick wants pizza! Says:

    Billions of dollars.

  3. logan Says:

    What’s your point Faire? That he is in cahoots with big oil, you are an environmentalist and don’t want anymore drilling in the ocean or he was waiting on the biggest kick back?

  4. Chin T Says:

    Personally, I wondered more about this being a sign of either weakened Saudi King Abdulah strength or Saudi oil strength.
    Is Abdulah behind the drilling? If not that is very telling on the international political front.
    Of course Obama’s cut must be substantial but, would it be dangerous if Abdulah is not either weak or profiting?

  5. Sandy Says:

    WOW you are the biggest hypocrite I have seen on YA! yet … the following is a question you asked ….

    "Is the Obama administration repeating the same mistakes as the Carter WH did, regarding energy policy?
    The Obama administration is repeating the mistakes of President Jimmy Carter’s failed energy policies, which marred his term and stigmatized the 1970s. They are leading us straight into another national energy disaster.

    Key members of the Obama administration believe this friction abroad underscores the need to move away from oil and gas entirely and shift to boutique forms of alternative energy. Their lack of political will to drill for oil and gas compromises our national security and jeopardizes economic recovery.

    It skirts the colossal elephant in the room: Oil and natural gas produced here in the United States are likely to still account for at least 57 percent of domestic energy consumption by 2035. Not to mention that energy production here can relieve the U.S. from the dangerous grip of foreign petro dictators.

    Unfortunately, this administration’s Department of the Interior, with the most anti-oil-and-gas record in U.S. history, is sabotaging any real chance of avoiding the pending energy crisis because of its continued hold on deepwater drilling permits in the Gulf of Mexico."

    You cannot have your cake and eat it too … LOSER!

  6. Sarah J Says:

    First you turds complain that we don’t drill, then you complain when we do. Unbelievable.