Saturday, August 27, 2011

"Arbitrary, Capricious" D of Energy, Says Exxon

No surprises here.

ExxonMobil, the world’s largest energy company, filed a lawsuit against the federal government for canceling an oil-drilling lease in the Gulf of Mexico that held “billions of barrels of oil,” according to the company. 

In the suit, filed Aug. 12 in federal court in Louisiana against Interior Department Secretary Ken Salazar and related parties, Exxon alleges that the Interior Department made an “arbitrary, capricious” decision in canceling the deepwater leases, arguing that the government’s action “deprives ExxonMobil of property without due process of law.

In Obamaland, the law is what Obama & Co. SAY it is.  

Beyond that, of course, is the effect:  billions of barrels will not be recovered for use by consumers, thousands of jobs are gone.

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