LONDON (Reuters) – Oil major BP Plc said it has made an oil discovery in the Gulf of Mexico, which analysts believe could contain over 1 billion barrels of recoverable reserves, reaffirming the Gulf's strategic importance to the industry.
What a find! This comes on top of the Congress introducing legislation to permanently ban drilling in ANWR, the Obama Administration backing a nuclear energy program for the UAE, banning offshore drilling here off the U.S. coast, scrapping oil and gas leases in Utah, stopping the nuclear waste storage facility at Yucca Mountain (effectively killing future nuclear plant construction), and forming a joint task force to help Pakistan’s energy crisis. h/t Gateway Pundit
Yeah, Obama really has us on the road to energy independence.