May 19, 2011


Obama favors Wall Street over Green Street

Last weekend, the US president announced he was taking steps to speed up oil and natural gas drilling on public lands and offshore waters.

The reason was basic politics: Rising energy costs, especially the price of gasoline, which is now more than $4 a gallon, have people upset, and they tend to take their anger out in the next election on the party in power.  Ultimately economic growth will always trump concerns over the environment.

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