Did you know there’s a home in Mississippi that has flooded 34 times in 32 years? And each time it has flooded, the federal government, through FEMA’s Federal Flood Insurance Program, has paid the owner’s claim.
The Obama administration’s moratorium on deepwater drilling in the Gulf of Mexico is not the only obstacle facing the oil and gas industry, according to experts. Proposed tax hikes, major regulatory challenges and a de facto moratorium on other types of drilling also encumber it -- even as jobs, regional economies and energy independence depend on its success.
The headline’s not quite right -- New York City mayor Michael Bloomberg went too far when he implemented the city’s comprehensive indoor workplace smoking ban back in 2003. But that ban at least had some plausible connection to the health of workers in the hospitality industry, despite its clear infringement of rights to property, association, and freedom of contract.