OFFSHORE DRILLING:

API's Felmy says Interior's delay could negatively affect economy

As President Obama prepares to sign the $787 billion stimulus bill passed by Congress last week, could the Interior Department help boost job growth by allowing for the expansion of offshore drilling exploration? During today's OnPoint, John Felmy, chief economist at the American Petroleum Institute, makes the case for allowing leasing to help create new jobs. Felmy also explains why some existing leases will not yield economic benefits.