By Chris Tomlinson, Business Columnist: Dec 22, 2016
Count on politicians to be political.
President Barack Obama banned oil drilling along the Arctic coast and in the Atlantic from Virginia to Maine on Tuesday. Citing questionable authority under an obscure 1953 law, he means to keep any oil found in either of these coastal areas in the ground.
Environmentalists cheered and oil lobbyists jeered. Both will certainly waste a lot of time and electrons writing long tracts of praising and condemning Obama. And then they’ll waste donor funds fighting it out in court.