6 more Senators crossed the imaginary “drill now” line making the bi-partisan “Gang of 10” the “Gang of 16” and South Dakota is well represented. As we all know John Thune was a founding member and he is now joined by our other Senator Tim Johnson making it a clean sweep.
The group supports a bill that would lift a ban on oil and natural gas drilling in the eastern Gulf of Mexico and off the southeastern U.S. coast, invest $20 billion in the development of petroleum-free motor vehicles and extend tax credits for renewable energy.
Can you tell it’s an election year with all this bipartisan co-operation? We just might get more offshore drilling leading to more oil on the world markets and little if any changes in prices afterall.