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He became the first sitting president to travel above the arctic circle. he went there specifically to highlight the effects of climate change and to talk about his administration's efforts to combat it. but he did that right after approving drilling the arctic for oil. here's the thing. after seven years and $7 billion and a couple of spectacular rig disasters and several flotillas of protesting kayaks and people rappelling off a bridge and the rest of it, shell did finally get up to the arctic, and they drilled in the arctic. and what they found was bubkes. a couple of weeks ago shell announ...

It did not happen again but your argument has been that they way, way, way overreacted and even peoples and exploration activity, they were well cleared, were stopped, right? >>guest: absolutely. the shallow water is an example. my company is the largest drilling contractor in shallow water and 90 percent of our wells are natural gas and we have been drilling the wells for 60 years, safely without major incident. but our business was shut down and impacted by the obama administration's policy. >>neil: shallow and deep water drilling were both affected by this. and still are affected? >>guest: ...