CT Programmer

Offshore Drillers that May Profit from End of Ban

You act like Republicans are the only ones that understand energy issues. This is really a stupid article passing partisan politics as financial news. Florida and California's politicians (Republican or Democrat) have been adamantly opposed to off-shore drilling. If this stuff ever really takes place, it won't be for a decade. paulk8756 is right in that stuff like this (even if approved) takes years. RIG has all of their drilling rigs contracted out past 2012. Off-shore drilling is a drop in the bucket, even for RIG. It's political pandering from both sides of the aisle. Oh, and by the way, the Interior Department were the ones involved in the whole sex and drugs scandal paid for by oil companies. Their figures are (to say the least) to be taken with a grain of salt. And virtually EVERY STOCK IN THE MARKET is trading beneath its 52-week high!!! Disclosure: I'm a Democrat and I'm long RIG.