Re: Did Bush neglect strict laws on oil drilling due to favouritism?
A smart politician would use this as a career and political history maker.
A smart politician would use this as a career and political history maker.
B.P.'s Gulf of Mexico Oil Spill Thread (it's all here).....
- Thread starter Praxius
- Start date
Re: Did Bush neglect strict laws on oil drilling due to favouritism?
Nobody blamed Bush for Katrina, they blamed Bush for the inept way he handled the aftermath of Katrina.
As to relaxing restrictions on offshore drilling, remember 'Drill, baby drill', the republican slogan in the 2008 elections? Republicans favoured much more drilling than Obama ever permitted, including drilling in the pristine wilderness of Alaska (which would have turned Alaska into a Mordor, if such a disaster had occurred in Alaskan wilderness).
Indeed, when Obama relaxed restrictions on drilling, Republicans criticized him, not for relaxing the restrictions, but for not relaxing them far enough, Republicans favoured even more drilling. They favoured much more drilling than Obama ever did.
Nobody blamed Bush for Katrina, they blamed Bush for the inept way he handled the aftermath of Katrina.
As to relaxing restrictions on offshore drilling, remember 'Drill, baby drill', the republican slogan in the 2008 elections? Republicans favoured much more drilling than Obama ever permitted, including drilling in the pristine wilderness of Alaska (which would have turned Alaska into a Mordor, if such a disaster had occurred in Alaskan wilderness).
Indeed, when Obama relaxed restrictions on drilling, Republicans criticized him, not for relaxing the restrictions, but for not relaxing them far enough, Republicans favoured even more drilling. They favoured much more drilling than Obama ever did.
Re: Did Bush neglect strict laws on oil drilling due to favouritism?
One thing is for sure, this has set the cause of offshore drilling in USA back by several decades. One rarely hears the Republican slogan 'drill, baby, drill' these days. Obama recently canceled all the new offshore leases and declared a moratorium on any new offshore drilling and there was not a pip out of Republicans (normally there would be howls of outrage).
One thing is for sure, this has set the cause of offshore drilling in USA back by several decades. One rarely hears the Republican slogan 'drill, baby, drill' these days. Obama recently canceled all the new offshore leases and declared a moratorium on any new offshore drilling and there was not a pip out of Republicans (normally there would be howls of outrage).
Re: Did Bush neglect strict laws on oil drilling due to favouritism?
Do you really think oil companies don't learn from their mistakes? I doubt if anyone could have predicted a gusher like that.
Do you really think oil companies don't learn from their mistakes? I doubt if anyone could have predicted a gusher like that.
Re: Did Bush neglect strict laws on oil drilling due to favouritism?
Is Offshore Oil Drilling a matter for the U.S. government or the state where the drilling occurs?
Who in our government actually signs the go ahead with corporate work off shore of any state in the union?
Who owns the oil? The driller or the nation or the state? Anyone know? If there is money to be made from natural resource development, who profits? Does the state share with the federal government or what?
Why wouldn't any president past or current be pleased about a vast oil find so close to home to be mined for profit? The government operates on money and lately it seems to be in heavy demand with all the giveaways going on.
I also heard this morning Alaska BP has had yet another spill or overflow - will see if I can find any details.
Here is something:BP Oil Spill Costs Alaskans Jobs - KTVA
Is Offshore Oil Drilling a matter for the U.S. government or the state where the drilling occurs?
Who in our government actually signs the go ahead with corporate work off shore of any state in the union?
Who owns the oil? The driller or the nation or the state? Anyone know? If there is money to be made from natural resource development, who profits? Does the state share with the federal government or what?
Why wouldn't any president past or current be pleased about a vast oil find so close to home to be mined for profit? The government operates on money and lately it seems to be in heavy demand with all the giveaways going on.
I also heard this morning Alaska BP has had yet another spill or overflow - will see if I can find any details.
Here is something:BP Oil Spill Costs Alaskans Jobs - KTVA
Re: Did Bush neglect strict laws on oil drilling due to favouritism?
It is the governmental body that owns the resource. In the case of the Gulf, I'm unsure if it's the feds or the state that owns it (although I suspect the feds do). An oil company will buy the rights from the government to extract the oil and assume all the costs.
Although the company buys those rights, they will owe a royalty % to government. The royalty takes the form of a % of production, in many cases for big finds, that % can be up to 50%.
They are generally very interested in exploiting those resources as it brings in huge amounts of money.
The royalty income stream is obvious, but the oil company will also pay the standard (corporate) income taxes, they hire lots of people in the area that will pay (personal) income taxes and the increase in the economic activity adds money into the tax coffers.
It is the governmental body that owns the resource. In the case of the Gulf, I'm unsure if it's the feds or the state that owns it (although I suspect the feds do). An oil company will buy the rights from the government to extract the oil and assume all the costs.
Although the company buys those rights, they will owe a royalty % to government. The royalty takes the form of a % of production, in many cases for big finds, that % can be up to 50%.
They are generally very interested in exploiting those resources as it brings in huge amounts of money.
The royalty income stream is obvious, but the oil company will also pay the standard (corporate) income taxes, they hire lots of people in the area that will pay (personal) income taxes and the increase in the economic activity adds money into the tax coffers.
Re: Did Bush neglect strict laws on oil drilling due to favouritism?
And how's Obama handling the spill 40 days into the disaster?.. Not so great I'd imagine.
Obama had control of both levels at one point, he still relaxed the restrictions. All you are trying to do is off-load the issue onto anyone other than the democrats.
That position is ridiculous at best.
See above.
And how's Obama handling the spill 40 days into the disaster?.. Not so great I'd imagine.
Obama had control of both levels at one point, he still relaxed the restrictions. All you are trying to do is off-load the issue onto anyone other than the democrats.
That position is ridiculous at best.
See above.
Re: Did Bush neglect strict laws on oil drilling due to favouritism?
Exactly.
Fortunately the clear headed Dems are calling him on it and telling him that he has screwed up royally. His diciples still cling to the days when everything was Bush's fault.
At best...but you cannot be surprised.
Exactly.
Fortunately the clear headed Dems are calling him on it and telling him that he has screwed up royally. His diciples still cling to the days when everything was Bush's fault.
At best...but you cannot be surprised.
Re: Did Bush neglect strict laws on oil drilling due to favouritism?
Well that moment has come and gone.
Well that moment has come and gone.
Re: Did Bush neglect strict laws on oil drilling due to favouritism?
Not lost at all.... History has been made and it won't shine to favorably on the sitting government.
Not lost at all.... History has been made and it won't shine to favorably on the sitting government.
Re: Did Bush neglect strict laws on oil drilling due to favouritism?
While wearing a lot of egg on their faces.
Re: Did Bush neglect strict laws on oil drilling due to favouritism?
And the Big O is doing just as admirable a job with the Gulf spew.
So you are saying the the Big O is actually a Republican?
So both sides are hypocritical. There's a shocker! :roll:
Re: Did Bush neglect strict laws on oil drilling due to favouritism?
Yeah, that was a couple years ago. Living in the past?
Unlike you, perhaps the Republicans saw the sense in clamming up.
Re: Did Bush neglect strict laws on oil drilling due to favouritism?
If they have their poop in a group, they'll make damned sure it doesn't happen so easily again.
Re: Did Bush neglect strict laws on oil drilling due to favouritism?
Yep. And in this case, BP was renting a Swiss rig to get the US oil. Individual states own the oil inside them, I think. Off-shore is fed.
Re: Did Bush neglect strict laws on oil drilling due to favouritism?
I'm a little curious if there is recognition of territorial waters on both a state and federal level... I'm thinking about California (or BC) and how they've banned any offshore development.
I'm a little curious if there is recognition of territorial waters on both a state and federal level... I'm thinking about California (or BC) and how they've banned any offshore development.
Re: Did Bush neglect strict laws on oil drilling due to favouritism?
Good question. Maybe I'll dig a little.
Re: Did Bush neglect strict laws on oil drilling due to favouritism?
You cannot drill for oil without the Feds giving their blessing first, then the state in that order. One is no good without the other normally.
You cannot drill for oil without the Feds giving their blessing first, then the state in that order. One is no good without the other normally.
Re: Did Bush neglect strict laws on oil drilling due to favouritism?
Makes sense. Must be the same for provinces.