U.S. Offshore Drilling at Virtual Standstill

A new Gallup poll shows Americans are divided down the middle over whether to lift the deepwater drilling moratorium. Overall, 47 percent of respondents say the ban should be lifted, while 46 percent say it should remain in place.

Interestingly, the poll also shows 64 percent of Democrats say the drilling freeze should continue, while 66 percent of Republicans favor removing the moratorium.

Political leanings aside, there's no doubt that the moratorium and the Department of the Interior's new offshore regulations are having a severe impact on oil and natural gas development. Vladimir at RedState points out that while our elected officials say they want energy independence, the "virtual shutdown of the Gulf of Mexico oil and gas business is the biggest, most dramatic retrenchment from that... more »

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