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Drill, Baby, Drill, Dead in the Water as Obama Puts Hold on all New Offshore Projects

Stacy Summary:  Oops.  Drill, baby, drill, dead in water.  Four weeks ago, Obama reversed campaign promise and approved offshore drilling, today he is putting all projects on holdUpdateMorgan Stanley pays $14 million to settle accusations of hiding complex oil trades.  There is that word ‘complex’ again and yet again (as per the banana republicanization trend) a select group of oligarchs get to ‘settle’ claims without having to admit guilt or face any real consequence.

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