The Decline of the American Oilfield

"We can now transport natural gas, something we have an abundance of here in Louisiana, and we should be reaping this benefit now, but the overwhelming preliminary red tape to get a well drilled in Louisiana makes it an exceedingly difficult hurdle for a contractor. It is compounded by our own Federal government, now under the control of Obama and his Liberal mandates attempt to cause change with crushing and crippling blows. Drilling goes elsewhere, overseas, and we sit on our hands bewildered, and at a loss."

That comes from this article on the state of the oil business it Louisiana (and likely elsewhere) and the potential effects of Cap and Trade. Check it out.

(H/T: The Dead Pelican)