If the question of the day is what does the approaching Obama administration mean for global energy prices. I believe I have a positive reading on the situation. Obama’s comments on the campaign trail reveal someone who is somewhat open on the issues of clean coal technology and even nuclear energy and we all know the importance he places on renewable energy. It is clear though, he opposes widespread offshore drilling, to mention nothing of what he believes regarding drilling in Alaska. With oil prices so low, one of his first acts is rumored to turn back some offshore drilling the Bush administration had planned to allow. In the intermediate term, this means when oil prices invariably start to climb again, the move up will be even more pronounced and long-lasting with much of America’s domestic production starting to decrease and major impacts of clean energy being several decades away.