Administration that opposes oil exports blames slowdown on reduced drilling and exports

Washington Times:
President Obama’s top economic adviser said Thursday that reduced oil drilling, weak demand for U.S. exports and political “brinksmanship” by congressional Republicans all contributed to anemic economic growth in the third quarter.
Mr. Furman said reduced oil drilling “continued to weigh on business investment, subtracting from overall growth.” The number of rigs drilling in the U.S. dropped to a five-year low this month, mainly in response to a global oil glut.
From an administration that does everything in its power to thwart energy development that is not tied to their favored inefficient alternatives  which BTW are not producing any of the economic growth they earlier predicted.


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