Tuesday, June 1, 2010

Obama's Drilling Ban

Obama’s six-month ban on deep-sea drilling won’t slow oil production in the short term. The president was careful not to curb existing offshore efforts, and he even exempted new shallow-water oil projects in the Gulf of Mexico.

The ban also won’t slow the political licking Obama is getting from voters unhappy with how he’s handled the crisis thus far. The president will get credit for taking personal responsibility, but that means he also gets personal blame. Around half now say he’s doing a poor job of responding to the spill and a looming environmental disaster. Claiming to be in charge of an effort most voters feel is a failure is a mixed bag.

Read it all here.

No comments: