Obama cancels oil and natural-gas lease sales in the Arctic, cedes Arctic to Putin

61

This story is related to this eye-opening piece about how Moscow is using Obama’s disastrous post-American foreign policy to batter American credibility abroad. Obama has presided over a decline in American power and prestige that could not have been anything but deliberate. I warned that this was coming in my book about Obama, The Post-American Presidency: The Obama Administration’s War On America: Obama subscribes to the far-left idea that the problem with the world is America as a superpower, and that if America were weakened politically, militarily, and economically, the world would be at peace. He has pursued that vision throughout his presidency. We will be paying for it for generations to come.

horsemanbikerider

“Obama Cedes Arctic Leadership to Russia,” Institute for Energy Research, October 23, 2015 (thanks to Kenny):

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Last Friday, President Obama’s Interior Department announced it was canceling plans for offshore oil and natural-gas lease sales in the Arctic it had scheduled to hold in 2016 and 2017, and denied requests from two oil companies (Royal Dutch Shell and Statoil) to retain their drilling rights there, which begin to expire in 2017.[i] In making its decision, the Interior Department cited low oil prices and a lack of company interest, despite the phenomenal amount ($2.1 billion) that Shell paid for its lease in 2008 and the $7-plus billion it has invested in the area.[ii]

Shell has faced lawsuits from environmental organizations and obstacles from the Obama Administration including a shortened drilling season and restrictions to drill only one well at a time[iii], making exploration in the Arctic so expensive that it caused the company to withdraw from the project.

With no other prospect for oil exploration on oil-rich federal lands in Alaska allowed by the Obama administration, the fate of the Trans Alaska Pipeline System is in jeopardy, with oil production from the state-owned North Slope in decline.

The U.S.’ stance on oil exploration in the Arctic is in sharp contrast to that of Russia and China. Russia began producing offshore oil at the Prirazlomnaya field in the Pechora Sea in 2014, producing about 2.2 million barrels and the country expects to double oil production there this year.

While not yet producing in the Arctic, China has bought a number of international oil assets, including projects in the Arctic, which it plans to develop in the future. It is making significant investments in Arctic research, infrastructure and natural-resource development, and is building modern icebreakers to support its activity in the polar regions.[iv]

While President Obama visited Alaska in August to talk about global warming and make a guest appearance on reality TV show, Vladimir Putin has been increasingly visiting Arctic areas in his country and has embarked upon establishing military facilities throughout the critical region.[v] The difference between the U.S. and Russia’s approaches in the Arctic could not be more stark.[vi]

U.S. Cancels Lease Sales

In keeping with its typical late Friday afternoon announcements of controversial policies, the Obama administration waited until journalists were at happy hour to declare that it was cancelling its two lease sales in the Arctic for 2016 and 2017. The Interior Department’s current 5-year leasing plan had these lease sales scheduled for 2016 and 2017 in the Chukchi and Beaufort Seas, respectively. According to Interior Department data, federal waters in these two seas hold 22 billion barrels of technically recoverable oil and 93 trillion cubic feet of natural gas.

The current five-year lease plan ends in 2017. The department’s next 5-year plan—from mid-2017 to mid-2022—which it proposed in January, includes three potential lease sales in the Arctic Ocean beginning in 2020, lease sales in the Gulf of Mexico and one lease sale along the Eastern Seaboard in the Atlantic Ocean. That lease plan will not be final until next year, at which point the Obama Administration could opt out of the lease sales it had conditionally included in its proposal. Thus, no lease sale is likely for the Arctic for at least several years, unless a new president quickly reverses the Obama administration’s plan.

Unfortunately, this is very bad news for the state of Alaska, where declining oil production on state lands is causing serious problems for the Trans Alaska Pipeline System (TAPS), an 800 mile long energy transportation system that is one of the most important energy assets in the world. Production in the Alaskan North Slope has been declining since 1988 when oil production peaked at 2.0 million barrels per day. To remain operational, TAPS needs to maintain throughput above a minimum threshold level.  Low flow rates on crude oil pipelines can cause operational issues, particularly in the frigid Arctic. As the types and severity of problems multiply, the investment required to mitigate the problems is expected to increase significantly. Considerable investment may be required to keep the pipeline operational below 350,000 barrels per day because of the number and diversity of operational problems expected at this level. In 2014, Alaskan oil production averaged 497,000 barrels per day—a decline of 3.5 percent from 2013 average levels.

There are long lead times from formulating lease plans, to oil company exploration, drilling and production. It is likely to take 10 to 15 years for oil and gas production from the outer continental shelf of Alaska to come online. In 10 to 15 years, the United States may be in need of oil if production from shale formations and from offshore areas in the Gulf of Mexico were to begin to decline. The U.S. Energy Information Administration expects that decline to occur between 2025 and 2030.[vii]

Further, the Obama Administration has refused to grant extensions of existing Arctic leases to Shell, Statoil and ConocoPhillips, a relatively routine matter in which lessees continue to pay the government for leases they have won in areas where they have interests. Without extensions, Beaufort Sea leases expire in 2017 and Chukchi Sea leases expire in 2020. Challenges can be made before an Interior Department appeals board, although they typically parrot the Administration’s viewpoints on such matters.

Preserving the leases can give the companies a chance to explore in U.S. Arctic waters for a few more years, providing time for a new administration to take a different regulatory approach to the Arctic. By providing the extension, the government would continue to get rental payments for the existing oil and gas leases. An analysis estimated those payments to equal $9.6 million between now and May 1, 2020 for ConocoPhillips to hold on to its 61 leases in the Chukchi Sea, $43 million for Shell to keep its 275 Chukchi Sea leases, and $10.4 for Statoil to keep its leases.[viii] Extensions are typically granted when conditions are particularly challenging in an area, or if temporary economics make it difficult to pursue investment through a particular period of time.

According to a report by the National Petroleum Council requested by Energy Secretary Moniz, the federal government needs to facilitate exploration in the offshore Alaskan Arctic now—since failure to act immediately risks a renewed reliance on imported oil and jeopardizes America’s global competitiveness, leadership and influence in the Arctic.[ix]

Russia Leads in the Arctic

Russia’s interest in the Arctic grew from an anticipated decline in oil production in its Siberian oil fields. Russia’s success in the Arctic shows the potential of the area. However, not only is Russia producing oil in the Arctic offshore, it has added a 6,000-soldier permanent military force, including radar and sensing networks, in the Arctic’s northwest Murmansk region. Russia also submitted an extended continental-shelf claim for the Arctic, which could give Russia rights to seabed resources beyond its 200 nautical-mile zone.

Conclusion

The Obama Administration announcement canceling its two Arctic lease sales is a major disappointment, and evidence that President Obama does not value the importance of the Arctic or oil and natural gas production as part of our national security and economic strength. While the president visited Alaska as a tourist, Vladimir Putin has embarked on a vast expansion of Russian economic and military interests, all surrounding serious energy exploration and development. While the president poses for reality TV and gives speeches about global warming, TAPS—the chief US economic asset in the region – is in serious decline. His decision to cut off access to new oil supplies in the federal Arctic region sends a signal that America’s Arctic energy assets are not important to the United States. Meanwhile, Vladimir Putin is working hard to develop necessary energy and military infrastructure throughout the region. The approaches to the geo-strategic and economically important Arctic by the two leaders could not be more different.

Similar to Russia’s undertaking, the United States should be looking for new avenues of oil exploration and production to remain a superpower and a leader in the field. OPEC is no longer the power it was just a few years ago because of U.S. domestic oil production. Now, the United States is missing out on an opportunity to take a leadership role in the Arctic, ensuring responsible energy exploration and production by bringing to bear America’s higher standards of operations and more-stringent safety standards. The Obama administration is threatening the future energy security of U.S. citizens by allowing this critical region to be developed by others. The president is also sending a very clear signal that he does not value the importance of America’s Arctic.


[i] Wall Street Journal, U.S. Cancels Sale of Two Arctic Oil and Gas Leases, October 16, 2015, http://www.wsj.com/articles/u-s-cancels-sale-of-two-arctic-oil-and-gas-leases-1445030047

[ii] Institute for Energy Research, http://instituteforenergyresearch.org/analysis/oil-exploration-in-the-arctic-is-the-obama-administration-really-interested/

[iii] Obama Administration Grants Shell Final Permits to Start Drilling in the Arctic Ocean, July 23, 2015, http://ecowatch.com/2015/07/23/obama-grants-shell-arctic-drilling/

[iv] Wall Street Journal, In the Race for Arctic Energy, the U.S. and Russia are Polar Opposites, August 25, 2015, http://www.wsj.com/articles/in-the-race-for-arctic-energy-the-u-s-and-russia-are-polar-opposites-1440542608

[v] Investors, Russia’s Surprise Arctic Gambit is About the Military and Oil, October 21, 2015, http://news.investors.com/ibd-editorials/102115-776769-moscows-new-arctic-base-part-of-global-naval-strategy.htm?p=full

[vi] Newsweek, Putin Makes His First Move in the Race to Control the Arctic, January 6, 2015, http://www.newsweek.com/2015/01/16/putin-makes-his-first-move-race-control-arctic-296594.html

[vii] Energy Information Administration. Annual Energy Outlook 2015, April 14, 2015, http://www.eia.gov/forecasts/aeo/pdf/tbla14.pdf

[viii] Fuel Flex, Obama administration closes off two avenues for new Arctic drilling, October 16, 2015, http://fuelfix.com/blog/2015/10/16/obama-administration-closes-off-two-avenues-for-new-arctic-drilling/

[ix] National Petroleum Council, Arctic Potential: Realizing the Promise of U.S. Arctic Oil and Gas Resources, March 27, 2015, http://www.npcarcticpotentialreport.org/

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John Magne Trane
John Magne Trane
8 years ago

The green nutters in Norway use Obamas refusal to the Norwegian owned Statoil as en exemplary victory, and hope they can use it to halt Norwegian oil drilling north of the North Cape.

Carol Amin
Carol Amin
8 years ago

‎‎

.…my friend’s half-sister $97 working on a PC onIine……..A few days ago new McLaren F1 subsequent after earning 18,512$,,,this was my previous month’s paycheck ,and-a little over, $17k Last month ..3-5 h/r of work a day ..with extra open doors & weekly paychecks.. it’s realy the easiest work I have ever Do.. I Joined This 7 months ago and now making over $83, p/h..Learn More right Here….
is.
➤➤
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Benton Marder
Benton Marder
8 years ago

But, then, how is Norway to pay the tribute to the Muslim Invasion Conquerers?

SheGaveBirth2sAtan
SheGaveBirth2sAtan
8 years ago

That pic is hilarious. Obama on a bike vs Putin like a man on a horse! Why don’t obama show him up riding a wild hog. Oh wait, that would take paradise away from him and clockmed wouldn’t like that!

atl slayer
atl slayer
8 years ago

Such helmet, such mom jeans,
looks like the old whiteie ladies that raised (him) hahahahhaha

SheGaveBirth2sAtan
SheGaveBirth2sAtan
8 years ago
Reply to  atl slayer

It’s killing me! When I get down, I just look at him on that bike and thank God I don’t look like that!

atl slayer
atl slayer
8 years ago

Exactly 😀

NoCrud
NoCrud
8 years ago

Bikers wear helmets to protect their heads and the brains in their heads. Why, then, does The Obamaroid need a helmet?

SheGaveBirth2sAtan
SheGaveBirth2sAtan
8 years ago
Reply to  NoCrud

Good point!

NoCrud
NoCrud
8 years ago

All things considered, our Featless Weeder would have no use for 72 Virgins unless, of course, they were the kind that didn’t use lipstick in public.

RealEngineer2
RealEngineer2
8 years ago

Hilarious photo of Putin with the wild cat (leopard?), and Obama with the poodle, followed by the shirtless Putin “Marlboro Man” on the stallion and Obama on the bike with the “safety helmet”.

Good point referencing Russia and China building oil facilities (and military bases now) in disputed areas, while Obama whines about “global warming” theories, only “solvable” by a green tax, as if more taxes have ever solved anything.

Obama was a “community organizer” educated in the self-aggrandizing Liberal “boot camps” of Columbia and Harvard. Having “media fashionable” multi-ethnic parents, a diplomat father, and being raised by a single mother instantly qualified him as an “Ivy slam-dunk”. A non-achievement normally any Liberal would be proud of, he has concealed his academic records either due to poor scores or having classified him as a foreign student.

Obama approaches world issues in a “community organizer” context. Note the infamous State Dept. remark, “We cannot kill our way out of this war. We need in the medium to longer term to go after the root causes that leads people to join these groups, whether it’s lack of opportunity for jobs”, as if opening a jobs office will end jihad.

mjazzguitar
mjazzguitar
8 years ago

Everything he does is to the detriment of our country.

SheGaveBirth2sAtan
SheGaveBirth2sAtan
8 years ago
Reply to  mjazzguitar

Obama wants the U.S. to look like he does riding that retarded bike. While Putin wants russia to look like he does on a horse. I bet that bike has a little bell!

islamisajoke
islamisajoke
8 years ago

This traitor should be taken out of office by the American people ( PATRIOTS )

Laverne Bartholomew
Laverne Bartholomew
8 years ago
Reply to  islamisajoke

‎‎‎

.…my companion’s relative makes $97 working on a PC onIine……..A few days ago new McLaren F1 subsequent after earning 18,512$,,,this was my previous month’s paycheck ,and-a little over, $17k Last month ..3-5 h/r of work a day ..with extra open doors & weekly paychecks.. it’s realy the easiest work I have ever Do.. I Joined This 7 months ago and now making over $83, p/h..Learn More right Here….
bb…………
➤➤
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NoCrud
NoCrud
8 years ago

SPAMMER REPORTED

Dennis
Dennis
8 years ago
Reply to  islamisajoke

…by the House filing a complaint for removal on the grounds that the Executive has violated the Constitution, which justifies his removal after a trial before our Senators. Unfortunately, the fools in the Democratic party would block such an attempt, but at least it would show that the people’s representatives are affirmatively recognizing the tragic failure of the President and his followers. All that requires is the courage to speak out, even though it is later than it should have been.

Dennis
Dennis
8 years ago
Reply to  Dennis

Sad, but probably true. I believe that for political correctness and fear of being accused of racism, our Reps have failed in their responsibility to the citizens of this country.

Ben
Ben
8 years ago
Reply to  islamisajoke

As to why he hasn’t already been taken out, I am not sure.

william couch
william couch
8 years ago
Reply to  Ben

George Soros!

william couch
william couch
8 years ago
Reply to  william couch

YEP!! All of them. Congressman, senators, ALL OF THEM!!

william couch
william couch
8 years ago
Reply to  william couch

I can relate to that. This brought up a memory about “Carter”. When I was working, We thought everybody that had voted for him was a disgrace. I worked in aircraft, & when they closed the plant, Everyone was upset…… CROSS Partisanship.

william couch
william couch
8 years ago
Reply to  william couch

GRACIOUS!! I so agree!

Ben
Ben
8 years ago
Reply to  william couch

When George Soros dies we will all be praying for his torture in hell.

william couch
william couch
8 years ago
Reply to  Ben

GEESE,,,,, I’m praying for it now. Like “OSPOOK”, I pray that he get’s aids, Congenial herpes, OR, Cycle cell anemia.

Ben
Ben
8 years ago
Reply to  william couch

I am with you bro. Check out “Obama’s gay lovers being murdered.”

william couch
william couch
8 years ago
Reply to  william couch

Ok, couldn’t remember how to put it. Yeah , know about that being from the africian population that brought it to the other countries. Is it transferable to Caucasian’s, by Black on white births?

william couch
william couch
8 years ago
Reply to  william couch

The reason for my asking, is that the disowned baby sister’s daughter had !!!! JUST HAD to screw black men!!! & then ended up producing a offspring from these unions.

william couch
william couch
8 years ago
Reply to  william couch

Yeah,,, Last thankx giving I was to have dinner @ an outing, was that family, got back in the car & went back home. They’re a product of the DC ( District of Criminals) area, but that doesn’t give then the right to bop the differents.

Ben
Ben
8 years ago
Reply to  Ben

But, it would be nice to see on TV someone walk up and put a bullet into him. We could all chip in . . .

Ben
Ben
8 years ago
Reply to  Ben

Many are with you in that thought . . .

Rocinante44
Rocinante44
8 years ago

give the illegal alien muslim pos credit. he is just doing what he promised to do

ballotcode
ballotcode
8 years ago

I thought dogs were haram? Why does BO have one?

2BRKnot2B
2BRKnot2B
8 years ago
Reply to  ballotcode

Do you ever see him with it? Are pictures taken of him with it under the Oval Office desk? Has it ever deplaned with him, been on a plane with him? It’s a prop folks. Like everything else, it’s just something he uses to get what he wants.

2BRKnot2B
2BRKnot2B
8 years ago
Reply to  ballotcode

BO is a dog who owns a dog, you’re saying?

aebe
aebe
8 years ago
Reply to  ballotcode

Snack

NYgal
NYgal
8 years ago

Weakness attracts attack. Obama will get us into a war nobody wants simply because China ans Russia will decide that we are weak and they can win it. Those pictures are not funny; they illustrate the danger.

RAW
RAW
8 years ago

Zero is clearly UNFIT for duty. I don’t know whether he is mentally insane or totally incompetent; but either way, the 25th Amendment allows (encourages) the means for his immediate removal.

Except most of our politicians are either fully OWNED by multi-national corporations that care nothing about the longevity and health of these United States of America, or they are so severely compromised by black mail for their immoral behavior that bigger sharks get to call the shots and force their votes… all against the benefit of a strong nation.

Red Bee
Red Bee
8 years ago

Yeah, say it with pictures. They are one of the favorite instruments of propagandists along with statistics. Read “How to lie with statistics” by Darrell Huff https://en.wikipedia.org/wiki/Darrell_Huff; I am not joking & I do not own stock in the publishers company.

Here I like to concentrate on the pictures. On the assumption they are real I say I would like to see Putin hold that cat after it has grown to maturity in a free society. Also, I would like to see Putin on a horse that has not been conditioned to tolerate someone on its back and work without questioning why. As a Dutchman I really must object to the mockery of our national pride & favorite means of transportation by putting it under Obama.

Seriously. The USA and Europe must become energy-independent. We are being strangled much like Nazi Germany was strangled by the allies.

http://members.ziggo.nl/iiat/Koran/

marlene
marlene
8 years ago
Reply to  Red Bee

I check the site, but didn’t click on any “reads” – which side is this site on?

Red Bee
Red Bee
8 years ago
Reply to  marlene

If you mean by side Pamela Gellers’ or pro-Islam, I am on Pamela’s side. In my opinion the Koran is a very dangerous and even poisonous book. See my conclusions here: http://members.ziggo.nl/iiat/MyConclusions.htm I deliberately did not give this information right away because I would like the visitor to take a look and draw his own conclusions before reading mine.

I made the website because in my experience very few people know what the Koran actually is and what is in it. Most non-Muslims seem to think it is just another religious book similar to the Bible, the Book of Mormon, etc. One of the tactics of the Islamic propaganda machine is to actively promote this idea and they get away with it because this is the assumption of the western electorate. The fact is the Koran is something else completely. If a visitor can be induced to spend 10 minutes and use his common sense he may wake up and say: wait a minute, something is wrong here.

Robert Spencer argues people should read the Koran themselves https://www.youtube.com/watch?v=zrccDFu_fDY However, this is far too much to ask from the average voter. As for our leaders who also did not read the Koran and are clueless about what is going on I think they are lazy and incompetent or worse. They should study the Koran themselves and make sure they have a correct idea about what they are dealing with. They are not doing their job.

marlene
marlene
8 years ago
Reply to  Red Bee

I’ve read both versions of the koran – the one the imans use and the one that was printed for non-muslims. I’m on Ms. Geller’s side and on the side of every human being who prefers life over death. Your comment is a bit pedantic and condescending, so I didn’t read it all. But thank you anyway.

joker
joker
8 years ago
Reply to  marlene

Marlene there is no both versions of the bloody koran, there is only one bloody koran.

marlene
marlene
8 years ago
Reply to  joker

Wrong.

buffsrtoo
buffsrtoo
8 years ago

Your irrational, racist ,and ugly hatred for the President makes you sound like a moron.

Judi
Judi
8 years ago
Reply to  buffsrtoo

???!! You are obviously someone who voted for this POS, not once but twice!

aebe
aebe
8 years ago
Reply to  buffsrtoo

Good Money Paid
for
Clean Troll Hides

Po Tato
Po Tato
8 years ago

Obama, a moslem, has a lifelong task … to bring down the most powerful Christian country in the world, the United Sates of America

As we can see from what Obama has been doing – every single thing he has done, and I mean, every –freaking– thing that Obama has done since being elected as the POTUS has been detrimental to the States

The United States can withstand attacks from enemies from the outside, but our government – and our constitution – were never prepared for an attack on our country from the White House !

NoCrud
NoCrud
8 years ago
Reply to  Po Tato

Especially when the White House OWNS Congress and the Subpreme Court, also. He learned just enough Law and the Constitution to know how to circumvent both.

Rocinante44
Rocinante44
8 years ago

if the repubs would have run Vladimir for president, I wouid have voted for him. he’s less worse than obola for the US. my, how far we have sunk in 7 years

2BRKnot2B
2BRKnot2B
8 years ago

Obama, Soetoro, whatever his name is isn’t the first President (only the first non-Natural Born Citizen POTUS) to try to bankrupt American oil companies to nationalize (see National Socialist Party of Germany pre-WWII) them so the government gets all the revenue, and can use it to further their socialist/commuNAZI MarxIslamofascist agenda of destroying America, and criminalizing white, and Christian, America. Unless the Republican Party steps up to call out these leftists, they will be, and currently are, seen as siding with them.
For more on the oil pipeline in Alaska see “The Energy Non-Crisis” available here for free to download by chapter: http://www.reformation.org/energy-non-crisis.html

Jimmy Carter was the first president to try to bankrupt the oil companies, and nationalize them by using the EPA to make the Alaska pipeline economically unfeasible. Were it not for the Saudi’s bailing out the oil companies, they would have been nationalized. The Saudi’s had their reasons for doing what they did, as well, it being that most of the oil they pumped was sold to the U.S. Without such sales, the price of their oil would have been drastically reduced as America upped its output to allow enough funds to further the socialist control over America.

marlene
marlene
8 years ago

WTF??????? Impeach, jail and hang him – now! What the hell did he buy from putin with OUR economy?

devilsadvocate
devilsadvocate
8 years ago

This will make his muslim buddies happy in Swordy Barbaria!

Drew the Infidel
Drew the Infidel
8 years ago

Given the choice between a colonel in the KGB and an insignificant two bit “community organizer” from Chicago who wears mom jeans, on whom would your bets be placed?

notme123
notme123
8 years ago

where better for Russia and China to come through to invade US

kgolfinghawaii
kgolfinghawaii
8 years ago
Reply to  notme123

And if you believe the Bible they will come that way after more than likely hitting us with an EMP. The army of the north comes down to destroy mystery babylon, US.

notme123
notme123
8 years ago
Reply to  kgolfinghawaii

exactly, as in the Bible.

movingwaters
movingwaters
8 years ago

During his first administration. didn’t Obama tell Putin that he (Obama) would have more freedom to accomplish things during his 2nd administration. I remain shocked at those people who voted for him a 2nd time; blind to the fact that we would see the Obama plan to take out America fully unleashed.

NoCrud
NoCrud
8 years ago

Those images heading the article are great for showing how Putin is more the man and leader than The Obamaroid. Clothes do not make the man.
.

NoCrud
NoCrud
8 years ago

Considering the season, this has significant meaning these days…
.

David C. Telliho
David C. Telliho
8 years ago

Obama is inspiring anarchy. What would he do if our Co.`s just drilled anyway ? Stamp his foot ? Lawsuits aside, & Ceo`s in hiding, would he call out military to shut our oil fields down ? This lawless slob in our Whitehouse, can`t leave fast enough.

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