re: #108 albusteve

how else do we get oil?…moon rocks?
we need oil regardless of this incident

A moratorium on drilling until the technology is up to snuff would not reduce the current supply, it would only delay new oil coming on line. Of course the Oil Price will spike, but that’s a cost we have to bear.

It is a risky move for Obama though, Oil would likely spike above $100 bbl where the pain sets in. Could mean a recession as well. But it is the only sensible choice at the present.