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Sunday, March 6, 2011

"Permitorium"

While oil spikes to $105, the administration continues to do anything to kill the domestic oil industry.

Interior doesn't want to act on oil permits in the Gulf of Mexico, much less even approve them.

When I see this, I am not convinced that he won't shut down the Bakken through fracking regulations.

2 comments:

  1. jobs ,royalties,local,state, and national tax revenues " they" just do not get it.jj

    ReplyDelete
  2. You are so correct. I'm working on taxes tonight. Taking a break. I see oil futures are up another $1.30 or something. Futures have little correlation with actual trading the following day, but it is concerning.

    ReplyDelete

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