OPEC to Obama: Why are you halting offshore drilling?

posted at 3:35 pm on June 28, 2010 by Ed Morrissey

One organization that should be jumping with joy at the American moratorium on offshore drilling is OPEC.  After all, with a major source of American oil shut down, demand will increase for crude from the trade cartel’s member nations, meaning higher prices and profits.  However, OPEC today declared that Barack Obama had “jump[ed] to conclusions” and should rescind the moratorium:

OPEC called Monday on the United States to reconsider a ban on new deep-water drilling that could hold back oilsupplies — despite safety concerns in the wake of the massive Gulf of Mexico oil spill.

Abdalla Salem El Badri, secretary-general of the 14-member Organization of Petroleum Exporting Countries, says offshore drilling is an important source of oil and any ban would be too hasty when the cause of the Gulf of Mexico spill is still unclear.

“We should not really ban it and we should not jump to conclusions,” he told reporters after meeting European Union officials in Brussels.

While Obama has taken an avalanche of criticism for not accepting assistance from foreign nations during the crisis, this is one offer Obama can feel safe in declining:

Iranian oil minister Masoud Mirkazemi told reporters at the same press conference that Iran was “ready to help” the U.S. with its own technical knowledge of capping blowouts. The U.S. is threatening to increase sanctions against Iran to deter it from developing nuclear weapons — a charge Tehran denies.

Did the White House jump to conclusions and overreact?  Or did Obama instead use the crisis to cover his political flank on the Left by issuing a moratorium with no sound basis?  Based on the fact that Ken Salazar and Interior materially misrepresented the findings of the President’s expert panel in order to justify the moratorium, it seems a lot more likely that the latter and not the former is true.


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SOLID B+

jukin on June 28, 2010 at 3:37 PM

Sweet! Crude that is.

Holger on June 28, 2010 at 3:37 PM

Racists.

rogerb on June 28, 2010 at 3:38 PM

PLUG THE DAMN HOLE!

txag92 on June 28, 2010 at 3:38 PM

Obama: we have no idea how to fix this leak

Obama: we don’t need any foreign assistnce in fixign this leak.

Obama: the leak will be fixed very soon

Obama: the leak could go on for years.

does Obama have an evil twin?

DrW on June 28, 2010 at 3:39 PM

Well, his masters have spoken, take heed Obama, take heed…

right2bright on June 28, 2010 at 3:40 PM

One of the worst things about Obama is that even when he’s done something wrong, he doesn’t learn and adapt. He doesn’t say “I made a mistake,” and get better. He just doubles down.

Moratorium a bad idea? “No,” says Obama, “Moratorium such a good idea it is worth it to slander a federal judge.” Stimulus a bad idea? “Far from it,” says Obama, “Stimulus such a good idea we need to have another.”

It’s like reasoning with a lunatic. And his Administration has such a bunker mentality they are all head cases in there now.

GTR640 on June 28, 2010 at 3:41 PM

Why are you halting offshore drilling?

To increase the market of the Mile High Club.

Electrongod on June 28, 2010 at 3:41 PM

Dude, Europe is calling us pansies.

What’s next, France lecturing us on national defense deficits?

amerpundit on June 28, 2010 at 3:42 PM

Wave a magic wand at it!

ted c on June 28, 2010 at 3:43 PM

Coming soon:

The Five Pillars of Safe Oil Production.

hillbillyjim on June 28, 2010 at 3:43 PM

Did the White House jump to conclusions and overreact? Or did Obama instead use the crisis to cover his political flank on the Left by issuing a moratorium with no sound basis?

*insert obligatory Office Space youtube clip HERE*

ted c on June 28, 2010 at 3:44 PM

I think OPEC would prefer we not be as dependent on foreign oil at this point. If they truly believe the wars in Iraq were for oil, better for them that we not get stuck with no domestic oil production, but a large military and SPR. When you have a hammer, every problem…

Beagle on June 28, 2010 at 3:44 PM

One of the worst things about Obama is that even when he’s done something wrong, he doesn’t learn and adapt. He doesn’t say “I made a mistake,” and get better. He just doubles down.

GTR640 on June 28, 2010 at 3:41 PM

http://en.wikipedia.org/wiki/Narcissism

Del Dolemonte on June 28, 2010 at 3:46 PM

Obama has shut down the permit process for all offshore drilling in the Gulf, regardless of depth.

http://weaselzippers.us/2010/06/28/obama-admin-employing-stealth-ban-on-offshore-drilling/

You would think he wants us to buy crude from Brazil, after putting $2B of taxpayer money down there to help fund development of a major offshore field, in deeper water by 2x than the BP well was drilled. He isn’t afraid of deep water drilling, unless US companies do it in US waters.

Harry Schell on June 28, 2010 at 3:46 PM

OPEC calls out the Administration on this foolishness? Interesting, could it be that this moratorium is an economy killer in an already busted economy threatining to worsen? If we tank,and we are headed that way, OPEC I am sure is seeing their best customer not able to pay its bills.

Koa on June 28, 2010 at 3:47 PM

Obama is passive agressive. They are delaying, stalling and messing with drilling permits and act like they are not disobeying the court order. Do not trust this administration.
The liars like Joe Romm claim America subsidizes the opil industry, America actually taxes oil industry excessively.
America charges 18.75% royalty for offshore oil. The Dems are on spending binges and all royalties go into the federal treasury. We need the cash and stopping drilling costs revenue. Again economuists acting stupidly can’t figure this out.

seven on June 28, 2010 at 3:49 PM

Dude, Europe is calling us pansies.

What’s next, France lecturing us on national defense deficits?

amerpundit on June 28, 2010 at 3:42 PM

Well, we’ve got a group that represents Libya, Venezuela, and Iran telling us to start drilling right now… I think that’s about as low as it could get until Sudan or Burma starts calling us out on human rights violations.

teke184 on June 28, 2010 at 3:49 PM

OPEC?
Yeah, I don’t get it. Yet.

Count to 10 on June 28, 2010 at 3:50 PM

Dunno how many rigs they have at what depths (do they do lots of offshore stuff? Honestly don’t know onshore/offshore stats over there), but could OPEC be acting to protect the “brand” and viability of oil production?

If the US says broad swaths of production technology are unsafe, it could impact world opinion.

Maybe they are smart enough to see the danger to the “golden goose” of their oil wealth?

cs89 on June 28, 2010 at 3:52 PM

If they truly believe the wars in Iraq were for oil

Beagle on June 28, 2010 at 3:44 PM

Oh, jeez. If your right, the Left did more harm during the Bush years than I thought they did, and that was a lot.

And with all the same kind of yap from the Current Guy, yipes.

Now I’m more depressed than usual…not quite AP depressed, but getting there.

Bruno Strozek on June 28, 2010 at 3:54 PM

Obama getting lectured by OPEC for his incompetence. Priceless. Utterly Priceless.

SC.Charlie on June 28, 2010 at 3:54 PM

If the US says broad swaths of production technology are unsafe, it could impact world opinion.

Maybe they are smart enough to see the danger to the “golden goose” of their oil wealth?

cs89 on June 28, 2010 at 3:52 PM

I think it’s more of the fact that shortages at a time of financial crisis would cause price spikes which, in turn, would possibly set off another world-wide recession.

A recession would be bad for business, especially for places like Iran and Venezuela which are heavily propped up by high oil prices.

teke184 on June 28, 2010 at 3:54 PM

You would think he wants us to buy crude from Brazil, after putting $2B of taxpayer money down there to help fund development of a major offshore field, in deeper water by 2x than the BP well was drilled. He isn’t afraid of deep water drilling, unless US companies do it in US waters.

Harry Schell on June 28, 2010 at 3:46 PM

I think the OPEC don’t want Obama to shift US buying to Brazil and Venezuela ( China will get Nigerian crude and Iran can live off selling to China, Pakistan and India)…from the Arab states.

macncheez on June 28, 2010 at 3:56 PM

The OPEC folks know what this is going to do to the Global Market which they are heavily invested in …..so they don’t want Obama to have his finger on the trigger of driving up or down demand for oil – That’s what they do after all :)
We are on the petrol standard now not gold standard and OPEC doesn’t want anyone but them calling the shots on the price of oil going up or down.

Dr Evil on June 28, 2010 at 3:56 PM

World opinion of the US could decline if Obama doesn’t do what the OPEC countries want.

Obama really should reconsider the ban on drilling.

Wait! He doesn’t care what they think?

jaime on June 28, 2010 at 3:57 PM

OPEC might have something to say about cap-n-trade also and if the enviromental whackos have their say there won’t be no OPEC.

fourdeucer on June 28, 2010 at 3:57 PM

Obama’s not being hasty. He has a strategy. It’s called Cloward/Piven.

shick on June 28, 2010 at 4:00 PM

Obama has to listen to them: They’re the kind of people he relates to best.

Jihadists.
Chavezists.
Revolutionaries.

Some people call them our enemies; I call them his base.

ExUrbanKevin on June 28, 2010 at 4:01 PM

This is an incompetent administration of a magnitude not even imaginable.

ORconservative on June 28, 2010 at 4:03 PM

Out: Let’s not jump to conclusions
In: Let’s jump to conclusions

LibTired on June 28, 2010 at 4:03 PM

It’s actually quite simple. OPEC is scared $hitless about a double dip recession and/or a long depression. They are living on the edge financially with oil prices being pretty much stable and they do not have an economy other than oil to fall back on. If oil prices continue to be stable, or decline, in the face of rising prices for food and other goods they need to survive, they are dead meat. They are a one trick pony over there. In other words, they need to sell really cheap oil in large quantities to survive, and with Obama cancelling off shore drilling, they fear that may be the next big negative economic trigger.

Johnnyreb on June 28, 2010 at 4:05 PM

It’s pretty bad when OPEC has better energy policy for the U.S. than our own administration.

paul1149 on June 28, 2010 at 4:08 PM

Obama’s political hack in chief, David Axlefraud, has Obama read 10 far-left sob story letters that he hand selects, each day. All the people who are losing their jobs, cars and houses due to Obama stopping the off shore drilling should flood the White House with their hardship letters so that Axlefraud and Obama choke on them.

OxyCon on June 28, 2010 at 4:09 PM

SOLID B+

jukin on June 28, 2010 at 3:37 PM

Believe it or not, since health care reform passes, Obama declared that we would now be in solid A- territory!

Feel it!!

dIb on June 28, 2010 at 4:12 PM

“I Won that’s why!”

search4truth on June 28, 2010 at 4:13 PM

OMG! What a funny post here…someone wrote “Racists”

About OPEC hehe – good one!

moonlighter on June 28, 2010 at 4:13 PM

Maybe they know the moratorium is designed to benefit Soros/Petrobras.

Disturb the Universe on June 28, 2010 at 4:15 PM

I said on another thread that I thought Obama would end up being the most destructive president in U.S. history. Now I’m wondering if other world leaders are starting to wonder if Obama might be on his way to wreaking havoc worldwide.

Aitch748 on June 28, 2010 at 4:16 PM

Off-topic, but BP finally stopped the oil leak in the Gulf!

They put a wedding band around the well, and it stopped putting out.

pseudonominus on June 28, 2010 at 4:16 PM

Well they don’t have all the facts and they’re saying The Won acted stupidly! What kind of dirtbag would do something like that?

Oldnuke on June 28, 2010 at 4:27 PM

I see the picture of that guy on the home page and all I can think of is: “Vare are your PAPERS?!”

“HOOOOOOGAAAAAAAAAAN!”

ThePrez on June 28, 2010 at 4:28 PM

In Obama’s mind, we can print enough money to buy OPEC.

Nationalizing the oil companies is Obama’s second greatest wish, right behind nationalizing health care.

Mo Big Government! Mo Power!

Rovin on June 28, 2010 at 4:30 PM

Off-topic, but BP finally stopped the oil leak in the Gulf!

They put a wedding band around the well, and it stopped putting out.

pseudonominus on June 28, 2010 at 4:16 PM

Had to repost it for another laugh.

fourdeucer on June 28, 2010 at 4:30 PM

Economic weapons of mass-destruction:

Smoot-Hawley

Cloward-Piven

Obama-Soros

ZenDraken on June 28, 2010 at 4:30 PM

Off-topic, but BP finally stopped the oil leak in the Gulf!

They put a wedding band around the well, and it stopped putting out. – pseudonominus on June 28, 2010 at 4:16 PM

Funny. However, I read on MSNBC that BP might be able to put a new cap on the well in two weeks. Here is link to the story: http://fieldnotes.msnbc.msn.com/_news/2010/06/28/4575828-bp-exec-new-cap-could-stop-oil-leak

You need to listen to BP’s video on the specifics on how the relief wells will work. It is fascinating:

http://bp.concerts.com/gom/reliefwellgraphics062710.htm

SC.Charlie on June 28, 2010 at 4:33 PM

This actually does make sense. If the price of oil rises quickly and dramatically, it will push the world into a second recession. This is bad for everybody, including OPEC. Not only that, but if we permanently destroy our or at least significantly hamper our ability to produce oil domestically, that would push the cost of oil up and not just in the short term but in the long term. If the cost of energy is higher, then alternative energy sources start to become economical and therefore have a potentially devastating affect upon the members of OPEC.

That is exactly what the POS at 1600 is trying to accomplish without regard to the harm that will be done to our economy. He is purposely slowing down the response to the spill and attempting to ensure that the damage is as widespread as possible, all in an attempt to paint oil as the boogie man.

crashland on June 28, 2010 at 4:35 PM

it seems a lot more likely that the latter and not the former is true.

yepper

cmsinaz on June 28, 2010 at 4:36 PM

dear leader motto: fire, ready, aim

cmsinaz on June 28, 2010 at 4:37 PM

Obama: we have no idea how to fix this leak

Obama: we don’t need any foreign assistnce in fixign this leak.

Obama: the leak will be fixed very soon

Obama: the leak could go on for years.

does Obama have an evil twin?

DrW on June 28, 2010 at 3:39 PM

Barack is the evil twin.

Slowburn on June 28, 2010 at 4:40 PM

This President is a criminal. He has played us like fools. He role plays that he is a great pusher of change for our own good. But watching his actions proves he is totally commited to our destruction.

jimw on June 28, 2010 at 4:41 PM

OPEC calls out the Administration on this foolishness? Interesting, could it be that this moratorium is an economy killer in an already busted economy threatining to worsen? If we tank,and we are headed that way, OPEC I am sure is seeing their best customer not able to pay its bills.

Koa on June 28, 2010 at 3:47 PM

Interesting point, add to that that the US more often than not is the prime driver of the global economy and that if the US were to suffer the economic consequences PBHO’s policies demand for OPEC’s product would decline worldwide.

Many of the ME’s regime’s hang by the perilous thread of the largesse they can distribute to hang on to power, oil dropping below the $70 mark is often cited as the point that could prove a catalyst for upheaval.

Despite the sniping from all corners of the globe of a hedgemonic US, just as Rome was despised in its day, the benefits of an orderly globe has served to facillitate prosperity across the board. Should the US flounder in its role of playing Rome today many realize the chaos that would result in its coming back to bite them in the ass as well.

Despite the desoptism of imperial Rome standards across the classical world rose as a result of the expanded commerce required to satiate the voracious appetites of splendor and hedonism of its citizens. As Iv’e pointed out many a time, what followed Rome’s demise was poiniantly desribed by Hobbes as a time when life was “nasty, brutish and short”. An era we now aptly lable as The Dark Ages.

These comments coming from OPEC may signal the recognition that their continual opposition to and undermining of American policy is killing the goose that laid the Golden Egg. I don’t know if on the other hand the masses are equally aware of just how close to the edge of the abyss we truly are, that those of greater geo-political understanding see quite clearly.

Anyhow, thats my 2 cents on the matter.

Archimedes on June 28, 2010 at 4:41 PM

I see the picture of that guy on the home page and all I can think of is: “Vare are your PAPERS?!”

“HOOOOOOGAAAAAAAAAAN!”

ThePrez on June 28, 2010 at 4:28 PM

Heh, I thought that the photo was of Ted Danson.

onlineanalyst on June 28, 2010 at 4:49 PM

Interesting point, add to that that the US more often than not is the prime driver of the global economy and that if the US were to suffer the economic consequences PBHO’s policies demand for OPEC’s product would decline worldwide

Yabbit, ObaMao said at the G-20 that it’s “not fair” that any nation have the economic advantage over others, Archimedes.

The fool is taking the world down. ObaMao is a weapon of mass destruction.

onlineanalyst on June 28, 2010 at 4:54 PM

The Obama Administration ‘misrepresenting’ something?

You might say that they’ve maintained a solid track record in this area.

GarandFan on June 28, 2010 at 4:54 PM

I need a poll that asks us if we believe that Obama is the false Anti-Christ or if he’s the real deal.

ProudPalinFan on June 28, 2010 at 4:58 PM

A. J. Strata has a 15-minute video of a woman who somehow was given access to BP meetings on the cleanup. They, the very people who caused this by cutting corners, are in total charge of this and they stated they were looking for ways to cut corners on the cleanup. This is criminal, and just because Obama is incapable of taking charge of this himself. She lives in Plaquemines Parish on a peninsula surrounded on three sides by this oil filled water, and they are breaking out in rashes and getting upper respiratory illnesses. She has an interesting story of the fish dying down there.
She states that there is a news blackout on what is happening down there. Anybody besides me wonder where the heck is Shepard Smith? They don’t want any of us to know how bad it is down there.
Also, check out the video underneath that shows a satellite time lapse of the oil spill and how this could have been prevented if cleanup had started early, and how far it has spread. The environmentalist wackos are mostly responsible for this tragedy and for the continuiing tragedy taking place in the cleanup.

silvernana on June 28, 2010 at 5:00 PM

I don’t remember that episode of 24 that ended the season with the removal of the POTUS of the show. There was another way to get the SS to pull him out right after a speech, but I can’t remember which member of DC called the shots on that one.

Anybody remember under what circumstance?

ProudPalinFan on June 28, 2010 at 5:01 PM

She states that there is a news blackout on what is happening down there. Anybody besides me wonder where the heck is Shepard Smith? They don’t want any of us to know how bad it is down there.

Also, check out the video underneath that shows a satellite time lapse of the oil spill and how this could have been prevented if cleanup had started early, and how far it has spread. The environmentalist wackos are mostly responsible for this tragedy and for the continuiing tragedy taking place in the cleanup.

silvernana on June 28, 2010 at 5:00 PM

I was wondering why Shep hasn’t gone down there too. There MUST be some holdup from the folks of FOX, or they know how he would react to the spill.

ProudPalinFan on June 28, 2010 at 5:04 PM

Did the White House jump to conclusions and overreact? Or did Obama instead use the crisis to cover his political flank on the Left by issuing a moratorium with no sound basis?

Neither, he is bowing (yet again) to his master Soros. The $$$ Soros stands to rake in if those rigs trundle off to Brazil/Petrobras is stupefying, and seeing as Soros is one of (if not THE)the main puppeteers in this corrupt Chi-thug regime Obama, will do ole George`s bidding like the good minion he is.

NY Conservative on June 28, 2010 at 5:08 PM

It will get cap and tax, even if It will take lives. It hates black people, white people, oil people, gas people, brown people, restaurant people, bar people, art people, candle making people, bagel people, ice cream people, tee shirt selling people, fishing people, bait selling people, shrimp and seafood restaurant people, hotel owning people, spa people, shoe making people, the butcher the baker and the candlestick maker. It hates America and Her people.

That’s what this is about, people.

Key West Reader on June 28, 2010 at 5:08 PM

Silvernana, you are right, there is a news blackout on the Gulf. Make no mistake, It will get what It wants and what the media wants and It will destroy life for generations to come.

I visited a salt water marsh on the northeast coast of FL last night… it was beautiful. I cannot imagine what’s going on in Louisiana. To lose such beauty, and to imagine the loss of the birds, the nature, the habitat, the culture. Devastating. Damn. “It”.

Key West Reader on June 28, 2010 at 5:30 PM

That region has its share of crackpots but their oil operations have savvy and educated staff with their eye on the mercantilist cash flow. The executives and managers are sharp, realistic and decent people with good judgment and operational skills. Even the goofy leaders over there respect and heed them…

I wish the USA could say the same thing.

IlikedAUH2O on June 28, 2010 at 5:43 PM

To everybody who saw an empty suit a year ago!

P. S. I didn’t mean to suggest that The One is goofy.
Our ivy league educational systems don’t produce goofy leaders.

Goofy is unpredictable, fun and exciting and sometimes destructive.

He ia a tiresome lightweight with no management ability and a average amount of intellignce who has a reality created by the left.

Thus, we get the predictable destruction of a great nation.

IlikedAUH2O on June 28, 2010 at 5:53 PM

This is truly remarkable, like Europeans warning the US about overspending, or the Chinese warning the US about our debt.

You know you must be close to the edge when OPEC is telling you to keep producing oil. They don’t want the world’s premier economy to commit suicide.

AshleyTKing on June 28, 2010 at 6:00 PM

Maybe OPEC is afraid that our own environmental standards will bleed over to the rest of the world as they frequently do and raise OPEC’s costs? Or that the world press will begin to clamor for similar restraint on OPEC’s part?

Weird on the surface, but perhaps makes sense?

ElRonaldo on June 28, 2010 at 6:09 PM

NY Conservative has it right. This is about Soros and his mob establishing a new world order which essentially is depriving everyone of their nmoney and freedom while enriching themselves. With Socialism and Communism there is always a ruling oligarchy and we’re witnessing the attempt every day.
http://therealbarackobama.wordpress.com/2009/08/05/glenn-beck-the-apollo-alliance-and-the-hijacking-of-our-republic/

http://objectivistindividualist.blogspot.com/2010/06/soros-podesta-brothers-bp-petrobras-nbc.html

http://powip.com/2010/06/big-oil-maneuvering-and-vestiture/

http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/the-bp-lobbyist-whose-brother-has-obamas-ear-96299254.html

Please take the time to read. Copy and read it later.

LarryG on June 28, 2010 at 6:20 PM

Absolutely every single decision and policy that Obamugabe
makes, makes it plain that he is dead set on the destruction
Of this country.

I’m a tellin’ ya, Right people ain’t a gonna take it no mo’.
http://www.youtube.com/watch?v=vETPO9237B0

TheSitRep on June 28, 2010 at 8:05 PM