Tuesday, November 11, 2008

Obama WILL Halt Public Drilling For Oil. Here We Go Again

I read this from Townhall.com

Yesterday's announcement that the president-elect would almost certainly use his executive order power to curtail previously authorized drilling on some public lands signals that the Obama Administration will be a friend of rising oil prices.

Recent discoveries in places like Brazil should be powering American exploration efforts forward, as should the forecast for a return soon to triple digit oil prices.

Oil was below $60 a barrel two days after President-elect Obama triumphed last week.  That will be the price on which to evaluate his Administration in two and four years.