I don't know if banning all new offshore drilling is a good idea as some on the left have suggested in reaction to Obama's recent announcement. I do know the issue has a long way to go before getting to the President's desk.
In a business where the art of negotiation is key, and proper framing is essential, one must hold one's cards "close to the vest" as they say. You don't throw away your most powerful bargaining chips without getting something in return. I fail to see what the Obama Administration has received in return for playing one of its big chips, namely, the willingness to permit some offshore drilling.
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