Gov. Jindal 1 ----- Pres. Obama 0

Yesterday a judge lifted the Obama administrations offshore drilling moratorium imposed because of the gulf disaster.

Louisiana Governor Bobby Jindal brought the legal action against the administration's efforts for a host of reasons. 
    1. The Obama Administration had given just given the permits to the wells, based on inspections for safety, etc.  Then, for political reasons, they decided to pull that permit, overnight.   Further, it was argued that the government can't give permits, and then for political or PR reasons suddenly withdraw those permits.  The judge agreed.  The administration, with egg already on their face, will now attempt to grow an entire chicken farm on their nose, by appealing this latest decision. 
    2. The drilling rigs employed more than 600 people with a monthly payroll of more than $300 million.  There simply weren't enough census jobs to pick up that slack. 

Interestingly, I was with a person from the Alabama region who is knowledgeable on offshore drilling.  He said that Obama's overnight ban on drilling created an even greater risk than allowing the drilling to continue.  The biggest chance of leakage and problems comes from when a well is either capped or reopened.  Something, that for many of the wells, only occurred because of Obama's ban.  
    
Some political commentators have analogized that shutting down all drilling activities, because of one problem, is akin to grounding all planes after one accident.  An even better analogy is this: If we find one member of congress has committed an illegal activity, it's possible that they all have - hence they should all be removed. 

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China (Observations from the recent China trip)

    Nothing highlights the changes in China more than the area of Shanghai known as Pudong.  In 1993, the area looked like this:



It's the area across the river, on the right.  It was comprised of low-slung industrial buildings, as well as some farm fields.  Flash forward 17 years, and here is Pudong today


The photo doesn't really do justice to the fact that Pudong's skyline now rivals that of NY or any other large metropolitan area. 
It is the new financial center for Shanghai and has the vibrancy of a city on the move. 
The skyline, with unique architecture and creative lighting is a wonder to see.  It's clearly indicative of a nation that sees nothing as impossible. 

Don't get me wrong.  China clearly has some issues to address, many of them critical.  I'll touch on those in the coming days. 


 

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