In the wake of Obama administration decision to cancel 2016 and 2017 Arctic oil lease sales, API statement is well focused on cause and effect–the administration’s untenable regulatory uncertainty leading to reluctant investment.  http://www.api.org/News-and-Media/News/NewsItems/2015/October-2015/API-statement-on-admin-cancellation-of-arctic-lease-sales.Filed under: Arctic Oil Leases Tagged: Obama Administration