President Barack Obama’s decision against drilling for oil and natural gas off the Atlantic coast received scorn from both Republicans and industry lobbyists. As the price of oil drops and Iran increases its oil production, many wonder if Obama’s decision was an environmental one or an economic one. So what does that mean for the US consumer? And how will this affect the presidential elections? RT’s Ed Schultz is joined by Bart Chilton to discuss.

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Ed Schultz is an American television and radio host, a liberal political commentator, and a former sports broadcaster. He was the host of The Ed Show, a weekday news talk program on MSNBC, and The Ed Schultz Show, a talk radio show, nationally syndicated by Dial Global. Ed has won three Eric Sevareid Awards and has managed and been lead talent for a broadcast team that has won two Marconis and a prestigious Peabody Award. Ed has been named one of the top ten radio hosts in the country by Talkers Magazine for a number of years. Ed Schultz has been a nominee by Syndicated News/Talk Personality of the year by Radio & Records.