As William Teach points out, the left blogosphere is freaking out over the revelation that the judge who overturned the moratorium on deep-water drilling has investments in oil stocks. I would rather that that weren’t the case [correction: it was not actually the case], honestly, but it is a demonstrable fact that the Obama administration deliberately misrepresented the findings and recommendations of their panel of experts regarding what should be done. Ken Salazar is seeking the overturning of the overturning of the moratorium on drilling.
Meanwhile, what’s not receiving a lot of focus is Obama’s own economic interests in preventing Gulf drilling. As I mentioned yesterday, Obama’s wealth is largely held in two Vanguard funds. Vanguard was among the companies that dumped BP stock shortly before the disaster. It now turns out that BP informed the office of mineral managment that there were problems with the well back in mid-February. That led to the sacking of Birnbaum, no doubt, though Pelosi tried, with her usual mendacity, to blame it on burrowed-in Bush holdovers. Apart from the timing of the stock dumping, and the revelation that the feds had indeed been informed earlier on of potential problems, there’s the issue of Soros’ timely investment in Petrobras, backed up by US billions. Many of us found it scandalous that Obama was opposed to US offshore drilling before the disaster, but ready to invest in offshore drilling for Brazil, which, environmentalists will tell you, has the greatest biodiversity on the planet. Those rigs represent an enormous investment. If there’s a moratorium, they’re not going to wait around for it to be lifted: instead, they will move to where they are permitted to be utilized, in this case, Brazil.
China is backing Cuba to perform drilling in the Gulf. Other countries will no doubt wish to up their stakes. Those operations will be completely outside of US control.
But for Obama and company, that’s not a bug, but a feature, because what they really want to do is convert the US economy away from oil towards biofuels, wind, and other renewables, despite the disastrous economic consequences already experienced by nations that tried to bottle unicorn farts. That they have significant investment in such projects is entirely justifiable in their eyes, because of the benefits they naively believe such schemes will confer. These projects are to be mandated by the EPA power grab and the imposition of cap-and-trade schemes, benefitting the likes of Franklin Raines, and justified through the cultivation of climate hysteria.
Mistress of Disaster and Serial Architect of Fail Jamie Gorelick meanwhile works as legal counsel for BP, and like Raines earned millions for driving Fannie and Freddie into the ground and imposing an enormous burden on US taxpayers. No clawback for them.
Circling back to Salazar, the Department of the Interior has been charging the Border Patrol millions in fines for “ecological damage” inflicted in the performance of their duties. It’s my belief that those people negatively affected by the federal government’s refusal to enforce the laws of the US ought to sue the hairy hide off of the agencies responsible. That Mexico has gotten involved in this dispute is a travesty. And it turns out that Kyl was absolutely right about what Obama intends: to make border security, despite the invasion of savage Mexican drug lords, hostage to the vote-building strategy of blanket legalization.
There’s simply no other way to explain the administration’s refusal, rather than mere inability, to come to grips with the spill. They see it as an opportunity, and Rahm has already signalled that in the upcoming elections, the Dems intend to run against BP, despite their own links with the company that was going to save the world.
UPDATE: La Malkin, The Threat of Illegal Alien Amnesty-by-Executive Order.