First oil ///

As of March, Barack Obama has 10 months left in his presidential term, and the last day can’t come quickly enough. Throughout his first seven years in office, Mr. Obama has done everything possible to make life difficult for operators, from closing off federal lands to development, to imposing multitudinous emissions regulations, to reclassifying “protected waters” under the Clean Water Act—all with an eye toward reducing E&P activity.

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