Obama to Cease Drilling in the Arctic til 2011; Oil Stocks Holding Up as News Was Likely Already Baked In
With the oil spill in the Gulf of Mexico now turning into an all-out disaster, President Obama today announced that the US will cease drilling in the Arctic until at least 2011. At a press conference earlier, Obama said that even if the leak were halted soon, cleanup and recovery could take months, if not years. Although the President's...
Get Alerted When News Hits On This Stock - FREE!