Expanded offshore drilling may be halted by president Obama

Don’t say that I didn’t tell you. Last year Congress and president Bush approved steps to become more independent from importing oil by opening up offshore drilling. At that time I said that once the election was over the Democrats would quickly reinstate the ban.
Reuters has just reported that one of the first acts of the new president, within his first 24 hours in office, is to place a hold on that recent approval. This ban could also extend to developing oil shale fields in our western states.

You can read today’s Reuters report at the following link:


Juice readers. Do you prefer our reducing consumption of oil from OPEC?

Do you agree that offshore drilling be taken off the table as an energy source?

About Larry Gilbert