Washington – President Obama announced his plans and views on development of America’s outer continental shelf (OCS) for oil and gas exploration. The President stated he would allow for oil and gas leasing of the Mid to South Atlantic states from Virginia down, and the Mid and Eastern Gulf states.
Washington – Whilst the Obama Administration pushes Congress for a slew of mega-bills including Health Care reform, a Cap & Trade bill, and a Green Jobs stimulus bill the solutions to pay for these programs go ignored in Washington. A mounting trillion dollar national debt coupled with the need for further billions of dollars of spending to implement these mega-bills has not been a much liked topic of conversation on Capitol Hill.