John Hofmeister of Citizens for Affordable Energy was interviewed on the CNBC business channel. It is essential viewing but we are unable to embed it. So here’s a link.
Hofmeister makes many good points. Just to give you a sample he says the moratorium dictate may be lifted but there will be no commitment on the part of drillers until they know what the law is or will be. Even the regulatory authorities are still in the dark and unlikely to issue any permits for months. When the permits are finally issued, virtually every one will be hindered by lawsuits from environmentalist factions.
There is more. Click the link and watch the interview.
Pingback: OBAMA RAISES PRICE OF GASOLINE | RANDOM THOTS