New ban on domestic energy production

American Solutions is reporting that the Obama administration will announce a new ban on offshore oil drilling in the eastern Gulf of Mexico and Atlantic Ocean for the next seven years.

The Obama administration will announce later today that it is banning offshore drilling in the eastern Gulf of Mexico, the Pacific Ocean, and the Atlantic Ocean in its next five-year drilling plan. A senior administration official also confirms that the White House will ban drilling in the eastern Gulf of Mexico for seven years.

As one can expect with any attempts to ban domestic energy production, energy prices are forecast to rise.

01. December 2010 by Jason Hayes
Categories: Energy, Government resources | Tags: , , , | Comments Off on New ban on domestic energy production