The Don’t Drill Democrats Plan Their Don’t Drill Strategy
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.