Obama encourages the formation of this team to debate US oil drilling
In spite of the fact that Republicans led by John McCain are robustly favouring the lifting of the moratorium on drilling in the US and trying to garner public support on the issue, the fact that Democrats are against such a lifting of restrictions, has created a new loggerjam of a debate between the two parties and their representatives.
Even if the energy policy has led to an impasse in the Senate between the two parties in the past, the latest encouraging remarks by Obama, where he has found righteousness in offshore drilling, is a major shift in the otherwise rigid stand of the Democrats. The formation of a bipartisan team, called ‘Gang of 10’, is being encouraged by Obama himself to look into the matter, and with a common broad based viewpoint (it consists of 5 Democrats and 5 Republicans).
In spite of the fact that Republicans led by John McCain are robustly favouring the lifting of the moratorium on drilling in the US and trying to garner public support on the issue, the fact that Democrats are against such a lifting of restrictions, has created a new loggerjam of a debate between the two parties and their representatives.
Even if the energy policy has led to an impasse in the Senate between the two parties in the past, the latest encouraging remarks by Obama, where he has found righteousness in offshore drilling, is a major shift in the otherwise rigid stand of the Democrats. The formation of a bipartisan team, called ‘Gang of 10’, is being encouraged by Obama himself to look into the matter, and with a common broad based viewpoint (it consists of 5 Democrats and 5 Republicans).
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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