Why is Our Economy Not Coming Back? Why are Energy Prices and Bills So High?
Posted in American Solutions, Americans For Prosperity, Constitution, Corruption and/or Public Mind Control, Declaration of Independence, Democratic Party, Economic Collapse, Energy, Financial Crisis, Freedom, Global Warming and Climate Change, Government Corruption, Income Taxes, Inflation, Lobbyists / Special Interests, Marinette, Menominee, Michigan, Morality and Virtue, Peshtigo, Public Concerns, Recession / Depression, Republic, Republican Party, Revolution, Tea Party, The Federal Reserve, The Matrix, U.S. Government, WI, Wisconsin, congress, economy, national security, pork barrel, rights, taxation on Jul 17th, 2009 No Comments »
Why are we not going after the extensive oil supplies within U.S. control?
Energy exploration in areas under U.S. control requires leasing and approval by the U.S. Minerals Management Service, a federal agency within the Department of the Interior.
For nearly three decades, a ban on new exploration in most of the Outer Continental Shelf (OCS) prevented our nation from accessing vast domestic energy supplies. This ban expired in 2008, but new leasing for offshore exploration has been delayed by an extended comment period authorized by U.S. Interior Secretary Ken Salazar. Once a lease is approved, bringing new fuel supplies to market can take up to ten years because of permitting, potential regulatory delays, and facilities development.
