The People of America's Oil and Natural Gas Indusry

IBD Editorial: "Slow-Walking U.S. Energy Security"

Jane Van Ryan

Jane Van Ryan
Posted January 27, 2010

An editorial in today's Investor's Business Daily discusses the administration's pattern of delay when it comes to developing U.S. domestic oil and natural gas resources.

The author explains that not only is the administration tying up oil and gas exploration in red tape, but it's also threatening to raise costs "at the expense of the country as a whole."

The administration's actions are prolonging the already lengthy regulatory process required to develop oil and natural gas for the future--as well as discouraging the industry from creating American jobs and boosting the economy.

For more, read the full Investor's Business Daily editorial.