Forget about the economic losses and job losses [caused by the offshore drilling ban] (unless you’re an American, wondering why the hell the president is doing his best to keep unemployment near 10%). The paradoxical point is environmental: by banning U.S. companies from drilling for oil offshore, in the name of environmentalism, Obama is shifting business to Mexican companies that drill in the Gulf of Mexico, too.
Does anyone really believe that Mexico has higher environmental standards than the U.S. does?
There’s a video of his appearance on the John Stossel show at Levant’s site.
