The White House might be gaping in shock that the US federal court overturned the six-month drilling moratorium, but it really isn't all that surprising. Amid the finger pointing and political posturing, the Obama administration seems to have missed a vital detail – the US oil industry is in a spot of bother.
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Going Deep
Recently, I had a long talk with Ali Moshiri, President of Chevron Africa and Latin America Exploration and Production Company. Mr. Moshiri has been working for Chevron for over 30 years. He's one busy man, whose responsibilities begin in the southern waters of the Gulf of Mexico and extend to the cold reaches of the southern Atlantic Ocean.
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