Tag: offshore drilling
If the U.S. Won’t Drill Oil Offshore, Other Nations Will

Although President Obama’s executive order imposing a six-month moratorium on drilling for crude oil and natural gas in ultra-deep waters within the 200-mile territorial limit recognized by international law has at least temporarily been suspended by a federal district judge, offshore drilling will not come to a screeching halt even if that precipitous action...
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The Oil Pricing Squeeze Is On

Americans are now feeling the real squeeze between warfare zealots and anti-development environmentalists as the price of gasoline continues to skyrocket. In a recent article for Bloomberg.com, Alexander Kwiatkowski notes that the most recent $5 spike in crude oil prices to a record high of $146.90 has resulted from . . . concerns that...
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