Democrat Bill Nelson Looking For Every Opportunity To Stop Domestic Oil Production

Like they say in Pravda “Energy is the keystone to any and every economy

But Obama gave no immediate sign of agreeing to a request in a letter from Sen. Bill Nelson (D-Fla.) to halt all oil exploration off the U.S. coasts. Nelson also urged Obama to impose an immediate halt to any other test wells and exploratory activity in coastal waters until the federal investigation into the cause of the April 20 Deepwater Horizon explosion is complete. He said he was introducing legislation to temporarily prohibit the Interior Department from exercising its authority to expand drilling and suggested a congressional inquiry could be launched into whether the government made sure there were appropriate contingencies in place to prevent a major oil spill.

The questions about the practices of the oil industry raised in the wake of this still-unfolding incident require that you postpone indefinitely plans for expanded offshore drilling operations,” Nelson said.

via Bill Nelson wants drilling plans postponed – Josh Gerstein and Jeanne Cummings – POLITICO.com.

Obama’s Nominees To The Federal Reserve

More “hope” and “change” heading our way.

An interesting observation on Obama’s three new nominees (Janet Yellen, Peter Diamond & Sarah Bloom Raskin) to the Federal Reserve Board:

They are all prominent members of the Washington-Wall Street-Academia Economics Complex, whose members shift between government, Wall Street, and academia. All of the nominees are Keynesian economists. They are known as regulators, technocrats, and inflationists.

They will fly through the nomination process. This will mean that Obama will have appointed four of the seven governors of the Board.

via Obama To Nominate Three to Federal Reserve Board | The Daily Capitalist.