Obama’s drilling moratorium causes major company to go bankrupt

American Thinker
On top of tens of thousands of workers losing their jobs when Obama imposed a drilling moratorium by executive order (and fudging what scientists and experts believed in order to justify his moratorium) now comes news that Seahawk Drilling, a major publicly-held drilling services company, has declared bankruptcy due to the sharp decline in Gulf drilling work.

From USA Today:

Seahawk Drilling Inc. said it has filed for bankruptcy protection and plans to sell its fleet of offshore drilling rigs to a competitor for $105 million.

Seahawk, which announced the deal with Hercules Offshore Inc. Friday, has been hurt by a slowdown in Gulf of Mexico drilling after the BP oil spill last April. The government halted drilling in deep waters and imposed tough new rules that have curtained all energy exploration in U.S. waters.

Employees will be let go; shareholders are suffering big losses as the stock plunges. Gulf communities have already been stricken by big job losses and declines in state tax revenues. We have become even more dangerously dependent on overseas sources of crude and prices have skyrocketed as Obama turned the handle to the off position when it comes to Gulf oil drilling.

There has been a lot of damage caused by Barack Obama’s policies and there will be a lot more to come as long as he is in office.

Source:

One thought on “Obama’s drilling moratorium causes major company to go bankrupt

  1. Why in Gods Name would you continue the Trend in the Graph in Display 3 , Energy Dependence on Foreign Oil , http://www.alliancebernstein.com/CmsObjectABD/PDF/EconomicPerspectives/EPUS_110121_JC.pdf this Trends the USA deeper and deeper into Economic Collapse of its Own Sustainability of Economic Independence of our own domestic resources plus Innovative alternatives , as the trend shows US DEPENDENCE on energy Imports from those who HATE the USA , when its the single most reason why we Should Not be continuing our DEPENDENCE on this OIL ??
    What is the True Intentions of our Foreign Policy Goal , because it is crazy to not be promoting Domestic Energy that takes us off foreign sources because they hate us for using them !!!

    More Evidence that a Crazy Foreign Policy that makes America More dependent on Foreign energy , makes US security more Vulnerable to Hostility by these emerging markets is reason to Question why we continue to seek these Resources , Unless you consider that this trend in the Graph in Display 3 Trends the USA deeper and deeper into Economic Collapse of its Own Sustainability of Economic Independence , as the trend shows US DEPENDENCE on energy Imports , which is Not sustainable with the Hostility for the West coming out of the Middle east thats Spreading . The USA People need to Stand Up and Question what is the Government true Intentions to National Security and if doing the same thing that shows is not working reason to continue , or is the Plan to make the USA Dependent to the Point of Economic Collapse so then a New World Order can Emerge as the Dominate Force in World Affairs , or more appropriately termed , a World Imperialist ruling Class that oversees the societies around the world as, ” The One World Class Societies ” , all Dependent and willing to sacrifice the FREEDOM of Choice for the Greater GOOD as seen fit by the Worlds Imperialist Ruling Class ???

    Its all because of the Ruling Class of Elites world view of PEAK EARTH and OVERPOPULATION , its as Plain as the day is LONG !!!!! Everyone Knows that We the People are Only as FREE as the Vital NEEDS RESOURCES are READILY available , and all you can see our Government and Foreign Policy experts doing is Making the USA More and More Dependent on everyone in the world but Ourselves , instead of More Independent , a Constitutional value thats NOT BEING UPHELD in Every Oath of Government TODAY !!!!

    On the File what grabs my attention is the Trend in Display 3 , this Continuation of US Dependence on Emerging Markets Foreign OIL like the Middle East is and will continue to giving Rise to the Threat of the Muslim Brotherhoods Use of this as a reason to Hate the Western Nations as we continue to be the main importer of their energy resource and it NOT benefit them as the Muslim Brotherhood tells the Middle Eastern Societies that the Foreign Policy of the West with the Dictators they Impose on the Region is Impoverishing the Societies in the Energy Producing emerging markets . The rage to Hate the Use of their Oil will be what drives Us to be Isolated from that oil access , while Obama stands on the Throat of US domestic Oil production But then Gives a Green Light to guess WHO , Chinese increase oil search in US , Which makes the USA MORE DEPENDENT ON OTHERS NOT INDEPENDENT OF OTHERS !!!! HELLO ?

    http://www.google.com/hostednews/ukpress/article/ALeqM5h3tMGThD1bVMfWa0kXDU5qK3g_wQ?docId=N0451471296454650220A
    Chinese national company is interested in Boise ……
    http://www.idahostatesman.com/2010/10/11/1374846/chinese-politics-spotlight-idahos.html

    http://www.idahostatesman.com/2010/12/31/1472023/chinese-company-eyes-boise.html

    RUSSIANS TO BUY WYOMING URANIUM MINE ??
    http://www.songoftruth.org/forum/topics/russians-to-buy-wyoming

    Why are USA people not allowed to develop Our Own resources , but these Foreign entities are ??? And furthermore , DO YOU THINK these foreign entities are going to develop these resources into finished products to be sold at retail for maximum benefit to the USA economy ???

    I again what to Point out that the Muslim People Need to Understand that its Not the USA Citizens that are causing the Hate over the Use of their Oil , but that we the people can Only use what is delivered to our supply , if we the people had a choice we the people would use our own OIL and energy related supplies and Innovate The Alternative Markets IF WE the PEOPLE COULD ALTER WHO THE REAL CAUSE OF THIS FOREIGN POLICY FAILURE IS ….. Watch this Video and Ask Is This the Worlds Problem ??? http://www.youtube.com/watch?v=TMkXA6kqNsw&feature=player_embedded

    And is the Federal Reserve working for the POPULATION CONTROL SQUAD otherwise Known as the TRILATERAL COMMISSION , http://www.globalresearch.ca/index.php?context=va&aid=7735 , ??

    Was this enactment of the Federal Reserve a designed means to an ends , to reel in the Money if at some point in time the elites figure Earth reaches it human carrying capacity ??

    Heres a List of Quotes by the Population control expert thats still actively advising Governments and our current President ; http://en.wikiquote.org/wiki/Talk:Henry_Kissinger , http://www.population-security.org/11-CH3.html , Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world. “Wherever a lessening of population pressures through reduced birth rates can increase the prospects for such stability, population policy becomes relevant to resource supplies and to the economic interests of the United States.” heres more on the con job ; http://www.wnd.com/?pageId=85442 , http://www.youtube.com/watch?v=GThfWVCfjVo&feature=player_embedded , this talks about the Trilateral Commission effect of the Plan for Population Control http://www.globalresearch.ca/index.php?context=va&aid=7735
    http://www.dailymail.co.uk/sciencetech/article-1346357/World-faces-overpopulation-disaster-number-people-set-rise-75-million-EACH-YEAR.html

    The Ideology that makes up the advisory list in the Whitehouse is clear with an Agenda , Obama Returns to End-of-Life Plan That Caused Stir
    http://www.nytimes.com/2010/12/26/us/politics/26death.html?_r=3&partner=rss&emc=rss
    Everything they are doing is to bring control over the worlds Population growth , they been planning this time for 40 years http://www.green-agenda.com read the quotes . I say we the people need to consider Our right to be Separate from the rest of the world in terms of Pulling our troops out of the world theater and coming home securing our Boarders and tell the rest of the world do whatever with your World market , we the people of the USA only consume 1/3rd of our food we produce and so we will maintain our right to LIBERTY and if you try and take us out we will end it all for all .

    Austin Chief Sustainability Officer Lucia Athens Affirms Global Population Reduction Agenda

    http://www.metacafe.com/watch/621153/cia_predicts_the_future_2015_water_resources/ http://www.metacafe.com/watch/621146/cia_predicts_the_future_2015_overpopulation/

    http://ngm.nationalgeographic.com/2011/01/seven-billion/kunzig-text/8

    I have understood the population explosion intellectually for a long time. I came to understand it emotionally one stinking hot night in Delhi a couple of years ago… The temperature was well over 100, and the air was a haze of dust and smoke. The streets seemed alive with people. People eating, people washing, people sleeping. People visiting, arguing, and screaming. People thrusting their hands through the taxi window, begging. People defecating and urinating. People clinging to buses. People herding animals. People, people, people, people. —Paul Ehrlich

    http://dieoff.org/page1.htm , this is the Home Page to the Technocrats scientific explanations on PEAK EARTH
    But before we swallow the little red pill thats prescribed by the Medicare Panel maybe we should debate the truth about fertility in the world, https://www.cia.gov/library/publications/the-world-factbook/rankorder/2127rank.html , what countries are REALLY Needing a reality Check about population sustainability before we forfeit our right to FREEDOM of Choice , FREEDOM period , just because of the Agenda that seems to be lacking in evidence that America is over populating the world !!!! From my view of this chart it seems if you extract Illegal Immigration the USA is a sustainable Population and in fact going negative in the near future with the baby-boomer era coming on . So who is B.Sing Who here and Why , when America is already a working Model for sustainable growth , all we need is some hope for risk takers and a recapitalization of the funding of a Renewable set of resources ???
    I say its time to END the FEDERAL RESERVE BEFORE THEY GET US OVER THE BARREL TO FAR TO THE POINT THE ISLAMISTS GET THE UPPER HAND ON US LIKE THE NAZIS ALMOST DID . Watch this Video and Wonder … http://www.youtube.com/watch?feature=player_embedded&v=SQf20ep5BxU

    Its Time to End the Federal Reserve take control of USA Monetary Policy and Chart a NEW direction for US Independence !!!! http://www.govtrack.us/congress/bill.xpd?bill=h111-833

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