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Tipsheet

Obama Reinstates Drilling Moratorium

The President advocated for new offshore drilling just a few weeks before the BP oil spill, then said it would be canceled, then said it was fine -- and has now said that it will be canceled once more. No permits will be issued in the Gulf until 2017, though some permits in Alaska will still be granted.
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The flip-flop is a huge setback for oil companies and means oil companies have gone almost two years without access to new offshore drilling leases.  The ruling came as a surprise, and gives the middle finger conservatives who were pushing for a a broader oil exploration policy. WSJ:

Interior Secretary Ken Salazar said Wednesday his decision was "based on the lessons that we have been learning and knowing that there is a robust safety regime that we are [putting in place] to prevent another Deepwater Horizon incident."

Mr. Obama's proposal in March to expand offshore exploration came as he sought Republican support for legislation to curb greenhouse-gas emissions.

Just another reason to push hard for 2012.

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