And energy costs would necessarily skyrocket….

Drip, drip, drip…

The Interior Department on Friday issued a final plan to close 1.6 million acres of federal land in the West originally slated for oil shale development.

The proposed plan would fence off a majority of the initial blueprint laid out in the final days of the George W. Bush administration. It faces a 30-day protest period and a 60-day process to ensure it is consistent with local and state policies. After that, the department would render a decision for implementation.

Remember during the debate when Obama was bragging that oil production doubled during his first term. Good times…

While Obama notes domestic oil-and-gas production has increased during his administration, Republicans contend that it is activity on private and state land that is driving the boost. They point to this year’s dip in oil-and-gas production on federal land — though levels are still higher than they were during the Bush administration.

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9 Responses to And energy costs would necessarily skyrocket….

  1. DarthJay says:

    Better get out your surfboard, because a big wave of regulations is on the way.

    Industry lobbyists and environmental lawyers estimate that the EPA is currently sitting on about a dozen new major regulations, completed, and ready to roll out the door, but on hold until after the election. Nearly all of them will have a significant impact on the coal and oil industry.

    Some of these regulations would increase gasoline prices, which the Obama administration did not want to do in the months leading up to the election. Others are expected to hurt the coal industry even more.

    Business leaders also expect regulations in the banking (Dodd-Frank) and healthcare sectors (Obamacare).

    Obamacare “regulations are critical for implementation,” but “many have unpleasant political ramifications”

    Aware of this, the Obama administration essentially put the Health and Human Services Department on lockdown before the election:

    Enjoy that grave you dug, OH and PA…

  2. notamobster says:

    He’ll finish destroying the economy by causing that $9/gallon gasoline and $1200/mo electric bills and we’ll all be great! Then, we’ll all love the enviro-nazi agenda.

    We’ll move to the back of the global economic bus – and our seat will be taken by others who aren’t afraid to exploit their energy. Then, after we’re weakened – they’ll exploit us, for our energy!

    That’s the plan. That’s what America wanted. That’s what they’ll get.

  3. notamobster says:

    I just remembered:

    Barry’s energy plan is “All of the above – ground energy like wind, solar, and pedal power!”

    Yay! Eco-nazi’s for the win!

    (I’m not gonna lie – it’s gonna be incredibly hard maintaining my sanity as these policies begin to really put the squeeze on my fellow Americans and I – and start to hurt our families and our living standard.)

  4. rj says:

    I theorize that Hillary already used / barganed off the mineral rights on western federal lands to china about three years ago to convince them to buy the t-bills after the debt limit was raised,

  5. Locke n Load says:

    Um, China is a net SELLER of t-bills for the last 15 months now. They’ve dumped over a trillion. Changing them in for gold don’t ya know. 2016 was the plan for abandoning the petrodollar if you recall. They’re way ahead of schedule.

  6. Greg B says:

    if its not too much of a bother, and since I can’t go back and re-read it, would you be willing to kind of go through what you & Bman were talking about at the end of election night?
    I know it’s a lot to ask, and if you don’t have the time I understand.
    Or if you could recommend some resources I could research myself. I don’t even know where to start.
    My email: adnoctum “at” sbcglobal “dot” net

  7. Locke n Load says:

    Shit Greg, that was a mouthfull on election night. Nota, can you pull the transcripts?

    The awful thing here is Nota was counting on me to put part 3 together on the petrodollar but I couldn’t assemble it with my schedule. Instead, I’ve done a synopsis in multiple posts in regards to multiple queries on multiple tangential topics.
    The problem is Greg, its just a giant clusterfuck of possibilities and prognostication is a bitch when you’re tied to timelines.

    Fact is, what we were talking about was several things and several topics intertwined. I’m MORE than happy to answer specific questions and actually find it easier than trying to write a book. Yeah, a book. When I get into these things it gets very long and people get very lost. Trying to distill it all comes across so superficially…

    So go ahead, ask away. Maybe I should just answer good questions in posts like I used to when I was a broker. I used to publish a newletter for investors about market inflection points, psychology and such. It was an eductational outreach of sorts and aside from the technical points, the best part was getting to talk to clients about what THEY saw as the real questions. In hindsight it was probably the only thing that kept me in the business as long as I was. But then I’m a disorganised soul sir, and trying to assemble a textbook is anathama to a man with as little time as I have. I work 100+ hrs a week and as the productive sector of the economy collapses, so do the rates to drivers. That means I’m fighting a battle daily to keep the hill I just won..

    Nota, pull the transcripts if you can. Greg, get specific in your questions and I’ll do my best.

  8. Locke n Load says:

    Oh, and btw Greg, if you can wade thru the jargon and snark there is a great site for market information. Understand it’s written by a jaded fatalist, a Ron Paul sympathiser. He is one of the best insde analysts on the net but his follwers are often toxic assholes running the gamut from rabid RP supporters to anti-semites to nihilists. The comment section isn’t for the faint of heart and further, requires a broad understanding of internatioanal finance arguments. Its a pain in the ass for the less-than-informed and for the weak minded or bigoted, a minefield.
    I love the guy but then I actually speak that language (not the bigoted BS, the finance)
    Stick to the articles by Tyler.

  9. fubar says:

    not just energy, food costs (not just tied to energy) are going to skyrocket.

    hay/dust is now a pollutant. farms are now regulated for greenhouse gases and we have to pay cow taxes (what we called the fart tax)

    since the average age of the farmer in the US is 56, don’t expect too many to take over those that quit.

    I’m actually surprised that they haven’t regulated fertilizer more, not that anyone can afford it. my neighbor who farms about 130 acres has a $22,000 fertilizer bill. that’s in addition to his seed bill.