Thursday, June 09, 2011

How's That Moratorium Working For You?

Maitri engages in some media criticism over the announcement that ExxonMobil has hit vast new oil reserves in the Gulf of Mexico.

Depending on your political bent and which talk-radio blowhard you listen to, you might have thought TEH EBIL COMMUNIZMS of KENYAN ANTI-COLONIALIST OBAMA were trying to keep anyone from drilling oil in the Gulf of Mexico, and that this "moratorium" was somehow affecting gasoline prices and killing jobs.

Or you could be surprised that any oil companies were allowed to think about fossil fuels within 200 miles of the Gulf of Mexico, much less have already resumed drilling. Wasn't this stuff shut down with the BP "shakedown?"

If so, congratulations! You've been misled by someone with an agenda. What I find interesting is that people on both sides of the issue (Drill, Baby, Drill vs. Spill, Baby, Spill) appear to have been misled into believing nearly the same things.

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