Battered Oil Industry Sees Options Shrink in Obama Offshore PlanBy
Obama foreclosing new drilling rights in Atlantic through 2022
Decision could be political fodder heading into elections
President Barack Obama’s decision to close the door to offshore drilling along the U.S. East Coast -- just a year after opening it -- inflicts more pain to an oil industry that’s already battered by falling prices and dropping demand.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.