No new oil leases could mean higher gasoline prices

If you are paying a lot more for gasoline a year or two from now, it might be because that 2010 could be the first year since 1965 that the federal government has not sold any new offshore oil leases.

It's all part of the White House investigation of the BP-Deepwater Horizon oil spill. Yes, we need to do so--but remember, BP is a bad actor in energy sector.

Dr. Joseph Mason, a Louisiana State University economics professor, has been keeping an eye on the economic damage caused by the Obama administration's desire to "fix" the problem has caused "irreparable harm" to the Gulf region.

As Big Government noted in September:

Mason said the Obama administration’s approach, harming business activity in the name of environmental defense, was part of a broader trend of stifling economic growth.

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