With a 9.6 percent unemployment rate overall in the United States and unemployment rates showing an uptick in states on the Gulf of Mexico that allow offshore oil drilling, one has to wonder what the Obama administration is thinking its Draconian wide-sweeping moratorium halting deepwater drilling in the Gulf after the BP oil spill.
While environmentalists are using today's explosion on a oil production platform in the Gulf to support a drilling moratorium, critics like CNBC's "Fast Money" panelist Jon Najarian have questioned the wisdom of the Obama administration's decision to put up to 75,000 in limbo.
"As far as what was going on in the Gulf, it shows a tone-deafness from this administration," Najarian said on the Sept. 2 broadcast of "Fast Money." "I mean, I'll pound the table for that because I'm not running for office. But I mean, this guy is tone deaf that 75,000 jobs in the Gulf of Mexico that have been idled for no good reason. It's costing all of us and it costs all the places where they would normally spend money as well."
When viewers tune into watch CNBC's "The Kudlow Report," they may not anticipate a host interrupting conservative Republican Sen. James Inhofe, R-Okla.
But on CNBC's Nov. 24 "The Kudlow Report," fill-in host Simon Hobbs attempted to do just that. Hobbs, a regular on CNBC Europe, suggested there was nothing to emails unveiled after a hacker allegedly accessed the Climate Research Unit at University of East Anglia in Britain. These emails showed an effort by scientists, some on the United Nation's Intergovernmental Panel on Climate Change (IPCC), to manipulate data to strengthen the claim of anthropogenic global warming.
"You're well-known as a campaigner or man that believes humans are not the cause of global warming," Hobbs said. "I mean, specifically if you look at the coverage we have, the allegation is that the emails indicated that they were declining to share data with fellow scientists or they were seeking to keep other researchers with dissenting views from perhaps joining them on some platform. It doesn't indicate that the science was wrong or that the science was manipulated."