Allow me to let mywaynewws.com tell you about this big story:

“In a reversal of a long-standing ban on most offshore drilling, President Barack Obama is allowing oil drilling 50 miles off Virginia’s shorelines. At the same time, he is rejecting some new drilling sites that had been planned in Alaska.

Obama’s plan offers few concessions to environmentalists, who have been strident in their opposition to more oil platforms off the nation’s shores. Hinted at for months, the plan modifies a ban that for more than 20 years has limited drilling along coastal areas other than the Gulf of Mexico.

Obama was set to announce the new drilling policy Wednesday at Andrews air base in Maryland. White House officials pitched the changes as ways to reduce U.S. reliance on foreign oil and create jobs – both politically popular ideas – but the president’s decisions also could help secure support for a climate change bill languishing in Congress.”

Earth-shattering? Dogs and cats-living-together type of revolation? Not quite. In sales, it’s called Bait and Switch. If “Scooter” was really serious about ending our dependence on foreign oil, he would have been all over the following information after he first took office.

According to an article published on miningtopnews.com on April 17, 2008:

“The Bakken oil formation, which stretches across North Dakota, Montana and southeastern Saskatchewan, is waiting for us.

“On Thursday, April 10, 2008, the U.S. Geological Survey (USGS) published an official study on the massive Bakken reserve.

Among the agency’s findings:

* Up to 4.3 billion barrels of oil could be recovered from the Bakken shale formation — a 25-fold increase compared to its initial assessment in 1995.
* The Bakken is the largest “continuous” oil accumulation ever assessed by the USGS.

This comes after a 2006 report by the Energy Information Administration (EIA), which stated, “A study provides estimates ranging up to 503 billion barrels of potential resources in place.”

According to the EIA, the success of horizontal drilling and fracturing efforts in Montana is the reason a decision was made to re-evaluate the 1995 USGS Assessment of Resources, which put estimates of technically recoverable oil from the Bakken Formation at only 151 million barrels.

The Bakken oil formation lies in the “Williston Basin,” a geological formation in the north central U.S., underlying much of North Dakota, eastern Montana, northwestern South Dakota, and southern Saskatchewan and Manitoba, Canada.”

Why aren’t we utilizing our God-given natural resources? Are we saving some sort of endangered species, like a cross-eyed rattlesnake? In church, we’re taught the parable of the servants who were given money by their master and told to hold the money for him until he retuned. All except one invested it wisely. He buried the money for safe-keeping in the ground and when the master returned, he chewed him out for his poor stewardship..

Great strides have been made in the Oil Production Industry. It’s cleaner than ever. There is no logical reason that this massive oil field is not being tapped. The reason this solution to our dependency on foreign oil is being ignored is strictly political and someone needs to answer for it.

Who’s responsible?

Harry Truman told us where the buck stops.