I'm usually as pro-Obama as they come, but I so don't get this. We need oil. Granted, it's a finite resource and not a permanent solution to our energy needs, but it would be very helpful for right now. And given how much of the price of oil is speculation, it would be most excellent to depress the price and screw Venezuela, Russia, Saudi Arabia, et al. I don't know what they Dems are thinking on this one.
Agreed. We need that oil, even if we were to somehow accelerate renewable energy projects. We would still need oil for many years to keep the economy running. Bad move by Obama.