Decision To Drill Will Be Met With Disdain By Some, Says Obama

President Barack Obama announces Wednesday that his administration will allow for more oil and natural gas exploration to take place in areas of the Atlantic Ocean and Gulf of Mexico. The new policy could lead to increased offshore drilling in the future. (:08)
Listen

Federal government should not cede to coastal states, says Sen. Bingaman

At a discussion hosted by The Energy Daily and Covanta Energy, Senator Jeff Bingaman (D-N.M.) says that he objects to the federal government ceding to coastal states. He says that all the royalties received could turn out to be hundreds of billions of dollars and the federal government should hold on to whatever sources its revenue it has. (0:41)
Listen