The White House has moved on its decision to ban oil drilling off the Gulf Coast.
Now, oil companies won’t be able to drill off the Gulf Coast for oil until 2017.
It is clear the aim of the administration is to halt the oil production of the United States in favor of importing more of its oil from overseas.
Many scientists and experts are unclear of the impact of the 2010 BP Deepwater Horizons oil spill disaster on the environment.
The effects of the administration’s policy will impact gas and oil prices in the U.S. in an already deep recession climate.