President Obama has continued the oil drilling moratorium in the Gulf of Mexico despite pleas last month from oil-related workers to end the moratorium early (it is currently set to expire November 30th). http://blog.heritage.org/?p=40744
Yet the moratorium continues, in the face of the economic problems that this moratorium has caused Gulf Coast workers--not only in the oil business but in related businesses--
--AND despite the lies on which the moratorium is based (remember? The Administration cited a panel of experts as agreeing with a moratorium when in fact the experts were opposed to stopping oil drilling) http://www.foxnews.com/politics/2010/06/10/experts-say-obama-misrepresented-views-justify-offshore-drilling-ban/
---AND in the face of a ruling by a federal judge (which was upheld by an appeals court) to stop the moratorium and to continue drilling (at which time the Administration just issued another moratorium http://blog.heritage.org/?p=38583
---AND despite the fact that the federal government is support Mexico's drilling in the Gulf of Mexico through giving loans to PEMEX (Mexico's government-run oil company) in exchange for PEMEX buying American equipment. http://www.cnsnews.com/news/article/72342
Rather ironic.
The Export-Import Bank loaned more than one billion dollars to PEMEX in 2009 and is set to offer one billion more dollars in 2010, all to help Mexico drill in the Gulf of Mexico.
The stated goal of the Export-Import Bank is to help U.S. companies.
"The Export-Import Bank of the United States (Ex-Im Bank's )....mission is to assist in financing the export of U.S. goods and services to international markets.
Ex-Im Bank enables U.S. companies — large and small — to turn export opportunities into real sales that help to maintain and create U.S. jobs and contribute to a stronger national economy." (From the official government site http://www.exim.gov/about/mission.cfm)
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