Wednesday, June 23, 2010

Phil Flynn: Moratorium Show Down!

Well I did call Obama the Great Misleader and now I have a judge that agrees with me. Federal Judge Martin L.C. Feldman issued an injunction against the Obama administration lifting its drilling moratorium saying the government never justified the ban and appeared to mislead the public. Oil prices fell back across the curve falling 15-30 cents a barrel right after the announcement. Judge Martin L.C. Feldman as reported by the Washington Times issued an injunction, saying that the moratorium on drilling will hurt drilling-rig operators and suppliers and that the government has not proved an outright ban is needed, rather than a more limited moratorium.

He also said the Interior Department also misstated the opinion of the experts it consulted. (Misstated?)In fact the truth is that those experts from the National Academy of Engineering said they don't support the blanket ban. "Much to the government's discomfort and this Court's uneasiness, the summary also states, 'the recommendations contained in this report have been peer-reviewed by seven experts identified by the National Academy of Engineering.' As the plaintiffs, and the experts themselves, pointedly observe, this statement was misleading," Judge Feldman said in his 22 page ruling. It is clear that the Obama administration is playing fast and loose with the facts in an effort to placate its angry.....Read the entire article.

New Video: How To Use Fibonacci Retracements


No comments: