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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Bearcatbob3/13/2010 4:57:49 AM
5 Recommendations  Read Replies (2) of 206175
 
Chortling At Chu
Posted 03/12/2010 07:12 PM ET

investors.com

I urge all to read the full article.

"Interior Secretary Ken Salazar quietly told reporters on Friday that the administration's six-month delay in approving new offshore drilling leases in federal waters will morph into a three-year total ban. We are forbidden from finding more oil and gas even though a December 2009 Rasmussen poll showed as many Americans want offshore drilling — roughly two-thirds — as oppose administration plans for health care.

After President George W. Bush lifted an executive ban on Outer Continental Shelf leasing, drilling was expected to begin by this July. "Secretary Salazar has finally confirmed what has long been feared — that the Obama administration has no intention of opening new areas for offshore drilling during his four years in office," said Rep. Doc Hastings, R-Wash., ranking member on the House Natural Resources Committee."
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