On Tuesday Mason appeared on the Fox Business Network's Varney & Company; he discussed the "baby step" approvals from the Interior Department of 16 Gulf drilling projects--which had already received the green light.
Host Stuart Varney asks Mason if the 16 "approvals" are too little, too late. "Not only too little, too late," he replies. Mason continues, "What's interesting about the 16 projects, at first this was announced only under pressure yesterday and secondly the 16 projects really don't have to conform to any of the new environmental regs or safety regs that have been discussed over the eight months so what did we wait for?"
That's a good question, one that I would like to see the president answer.
Varney then queries Mason, "Do you think in the next year we'll see appreciable increase of oil flowing into America from the gulf?" The professor responds, "Maybe the gulf's around Saudi Arabia, but not the Gulf of Mexico, no."
Think about that the next time you drive past a gasoline station and you see another price increase.
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