It now goes to full committee.....house vote.....off to Senate.......Presidents desk by the end of the year. It's rare legislation for having bi-partisian support and little opposition. The president has already signaled support after his ordered review on the impact showed increased labor and lower prices.
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Obama was about to open up some of the eastern coast to drilling before Halliburton screwed up a certain cement job.
Really now, do you think Obama is going to do something good for the country? Plus this is oil related.
Just saw this. WTI is already up 2.5% even though inventory increased more than expected.
Should've dropped it years ago. Hasn't made sense in years. Iran and Saudi are going to be pissed.
It's about time.