Wonder why we have high gas prices? One of the reasons is this administrations attack dog-The EPA

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Observerofu's picture
Joined: 07/14/2010

$4 BILLION dollars down the drain.

That's was what Shell Oil spent in Alaska trying to bring oil to the market. Trying to supply the market
with a commodity in much demand. It seems doing everything right is not good
enough for the EPA. Although Shell met ALL requirements the EPA said they were too close to the ceiling
to allow them to drill. So Shell spends $4 Billion and loses it all on some arbitrary ruling from a bunch of bureaucrats.

Well Obama did say that under his plan Energy rates would necessarily skyrocket. So I guess this one we can count

EPA blows $4 Billion for Global Warming
"Companies that drill for oil must go through extensive permitting processes and invest billions of dollars as payments for leasing the land, exploring for possible oil fields, equipment, etc. This is all done with the understanding that assuming they follow the letter of the law, there is a chance that this investment won’t be flushed down the toilet at the end of the tunnel. It appears that in this case Shell has followed procedure and that emissions will be below any standards required by the EPA:"