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Yet earlier this month the Interior Department released a new five-year plan that puts most of the Outer Continental Shelf off-limits for oil drilling.
WSJ: Review & Outlook: The Non-Green Jobs Boom
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There are tens of billions of barrels of oil--not to mention gobs of natural gas--off the U.S.' coasts, yet Congress has declared 85% of the U.S. Outer Continental Shelf off-limits to exploration and drilling.
FORBES: We've Seen This Movie Before
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Most of the U.S. Outer Continental Shelf is off-limits to oil and gas exploration and production, even though there are upward of 100 billion barrels of oil and immense amounts of natural gas estimated to be there.
FORBES: Two Biggest Things Still To Do