Obama has reduced dependency on foregin oil

[Max E.]

So your Justification for Obamas moratorium on drilling is this:

It would not have been POLITICALLY expedient for Obama to keep on drilling after a fluke accident....

I finally found something i agree with you on..... once again Obama made a distinctive choice based on poll numbers, as opposed to making the logical decision that would have been the most beneficial to America.

This is a story that not only represents Obama perfectly, but it also represents every single other politicians thought process.

The moratorium epitomizes the way Obama/politicians make decisions.

It was far to risky politically, for Obama to keep drilling at that point, so he said: "fuck it, american consumers can take it on the chin with this one,"

as he imposed the moratorium on drilling in order to benefit his own political career.


Thx for the clarification.

Quote from trefoil:

Foreign oil dependency was going to inevitably rise because of the post-disaster moratorium on drilling, in the Gulf, something that has been done in the past by previous Presidents when a large spill occurred. Had Obama not done it he would have been justifiably roasted by his critics.
This was carefully omitted as a reason from your OP.
Now, did you or Mish or anyone else adjust for the moratorium? If you didn't your entire argument is invalid.