February 8th, 2011
What a difference a year makes. Just last March, the Obama Administration was gearing up to reopen offshore oil drilling on the Eastern Seaboard. No doubt this seemed like a good plan to access more domestic oil and answer critics clamoring for more drilling.
Never mind that the U.S., on and offshore, can produce only a small fraction of the oil it consumes.
Then came that BP oil disaster thingy. A blob of black doom darkened the waters and economic prospects throughout the Gulf of Mexico.