According to this report from Reuters is looks like the new Prez is about to nix offshore drilling. Of course, no real surprise. To allow new exploration of any kind would be completely inconsistent with his plans to put the country on an energy starvation diet by implementing a CO2 cap and trade rationing scheme. It’s brilliant. Subsidize energy sources that will provide very little or no real return with (anti)stimulus money and forbid private investment in competing energy sources that could actually help fuel us out of a recession.  But hey, he delivers what he promises. Just don’t be surprised that when all of this fails–as it will–capitalism gets the blame and more socialism is called for. It’s a great strategy that’s been working wll so far.