The chant of "Drill, Baby, Drill" may be starting up again soon as turmoil in the Middle East has driven up the price of gasoline and Americans are wondering how long we should continue to let our own oil reserves lie fallow. 

Domestic oil production took a hit in the media with the BP Gulf oil spill, But if unrest in the Middle East disrupts global oil production in the coming days or weeks, Americans may change their minds again.  

The Obama administration, however, has taken a unidimensional view of the energy crisis.   It has supported renewable fuels (as do I) but has ignored short term solutions that would encourage domestic oil production.

We need both renewable and oil-based fuels for the forseeable future and the administration would be wise to exercise more flexibility by allowing for new drilling in the U.S.   

Pleae join me, my colleague Craig Pendergast and our friends from Environmental Planning Specialists for an EUCI webinar on February 11, 2011 (12 - 1:30 pm eastern) entitled: Carbon Dioxide Regulation Under the Clean Air Act: Where Are We Now and Where Are We Going?

Craig is an experienced environmental lawyer and our friends from Environmental Planning Specialists have decades of experience in environmental planning and permitting. 

I'll be covering the impact of the EPA's new rules on due diligence in corporate acquisitons, joint ventures and investments.