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A Record Dry Hole

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Leslie Haines
December 1, 2012

Well, that was the worst return on $6 billion of capital we’ve ever seen. Worse than a dry hole offshore Alaska. Lot of hot air, lot of gas! After two years of much ado, we got nothing. Same president in the Oval Office, same party control of the House and Senate, and no doubt, more gridlock. Perhaps the best we can hope for is that, as is common in second administrations, certain cabinet members will depart, such as Interior’s Ken Salazar and Energy’s Stephen Chu. Rumors say as much. Then ...


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