The Obama administration’s six-month delay in approving new offshore drilling leases in federal waters will become a new three-year ban, Interior Secretary Ken Salazar quietly told reporters last Friday.
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President Barack Obama is expected to sign a measure that will charge foreigners a $10 tax to visit the United States. The House passed the Travel Promotion Act last November; on Thursday, the Senate sent it to the president’s desk following a 78-18 vote. The legislation creates a $200 million-a-year government-run tourist bureau, the largest in the world, which will supposedly create up to 290,000 American jobs, at least according to Senate Majority Leader Harry Reid.
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Virginia Governor-elect Bob McDonnell hasn’t even moved into the governor’s mansion yet, but he’s already putting the heat on the no-drill establishment in Washington. Developing Virginia’s offshore resources – including wind farms - will be a top priority in his administration, McDonnell said in a letter to Interior Secretary Ken Salazer.
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Gas prices here in the U.S. are creeping back up towards the $3-per-gallon mark even as news breaks today that China's state-owned energy firm just closed a deal to buy interests in four development leases on the American Outer Continental Shelf (OCS) in the Gulf of Mexico.
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