While Obama is partying it up with his new found buddies in Brazil, the American oil industry is still scratching their heads at why only 3 deep water drilling permits have been granted to date. Thousands are affected by Obama’s illegal moratorium yet not much is being done to alter the situation by the federal government. Not only has Obama sent our hard earned tax dollars to Brazil for their deep water oil production to the tune of $2 billion but now they’ve been approved ‘to use the first ever deepwater floating production storage facility in the Gulf of Mexico.’ Obviously if they are receiving this approval they are in line to be granted deep water drilling permits for their Cascade and Chinook project.
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