ERHC Energy Inc (ERHE)

[DegenerateGambler]

The US gov't is suppose to announce today that they will open up off shore drilling off the continental shores of the US. I do not know how soon this will come about, but it can only tighten up the rig supply as demand for deep water rigs will greatly increase to drill in these newly opened areas.

I would also summize that most oil companies would rather drill in US waters which would certainly be more friendly to the oil companies.