Obama Opens Offshore Drilling; Oil ETFs Soar

Earlier today, President Obama announced that he is lifting bans on offshore drilling and oil and gas exploration off the Virginia coast, move likely to renew a heated debate between environmental groups and Big Oil. Obama also announced that he will be expanding lease sales for oil and gas exploration on the Atlantic seaboard. The [...] Related Stories: BP Strikes Black Gold: Energy ETFs Set To Rise? Bank ETFs In Focus Following Obama Plan Iraq Opens Its Doors: Oil & Gas ETFs In Focus