Obama just proposed opening up offshore drilling.
According to the New York Times, "The proposal would end a longstanding moratorium on oil exploration along the East Coast from the northern tip of Delaware to the central coast of Florida, covering 167 million acres of ocean."
It would also open up the north shore of Alaska.
Under the plan, there would be no drilling on the Pacific Coast or in New England. It's not too hard to guess why.
The good news is that the proposal would cut oil imports and generate sales revenue.
The NYT goes on to say: "The first lease sale off the coast of Virginia could occur as early as next year in a triangular tract 50 miles off the coast that had already been approved for development but was held up by a court challenge and additional Interior Department review."
Actual drilling won't start for years, but you can bet that the seismic explorers like Subsea 7 (SBEAF.PK) are getting excited.
Sincerely,
Christian DeHaemer
Crisis & Opportunity
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you knew you were going to get threaten before you ran for president. so man up, keep everyone at home, get your secret service people to find the aholes that stopping you from doing what is right for the people, for this country, for all the other people and countries of this world and THE WORLD IT'S SELF!
SO DO THE RIGHT THING and go down in history more than the first black man as president, go down in history as THE FIRST BLACK MAN AND THE GREATESS CHANGING PRESIDENT THAT REALLY DID THE PEOPLE, THE COUNTRY AND THE WORLD SOME GOOD!
stop the money flows, the what's in it for me, the good old boy bullsh, the back sratching crap.
DO THE RIGHT THING!
thankyou!