Saturday, March 12, 2011

I Guess This is Plan B: Don't Drill; Tap the Strategic Petroleum Reserve Instead

The US permitorium in the Gulf of Mexico continues but Mexico is moving forward. Noble lands huge six-rig contract with Pemex.

Meanwhile the president's emphasis on solving the oil crisis will be on siccing his attorney general on oil companies for evidence of price gouging.
President Barack Obama called Friday for an investigation of possible oil price gouging.
Rather than have the drillers return to the Gulf, the President is ready to tap the nation's Strategic Petroleum Reserve, which has 75 days of reserves.

I can't make this stuff up.