As much as I dislike Obama, if he really does push through Oil Drilling in the US, I'm going to do the happy dance. I really need a paycheck!
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You can forget the dance.
The "OK" he gave opens up one small area off the Atlantic Seaboard for "Exploration" There will be no new drilling off the California coast (within 50 miles, where 70% of the oil is located). I'm sure California would really like to have that extra income since they are so far in the hole.
Seems like the assumption that any oil found will end up in the USA.....probably not. More profit elsewhere. We get the mess.....oil companies get the profits....and other countries get the gas.