Tayvis Dunnahoe, senior drilling editor, reports from Offshore Northern Seas in Stavanger. ONS proves to be not all wet when it comes to the unconventional shale revolution.

Susan Klann, managing editor of Oil and Gas Investor, reports from Enercom’s “The Oil and Gas Conference” in Denver. Petrohawk Chairman Floyd Wilson said, “Business 101 says it’s time to reel it in.”

The Obama administration was aware of the cost of the moratorium two days before issuing the ban.

Gov. Rick Perry said, "Once again, the Obama administration has demonstrated a flagrant disregard for the rights and economies of states and the well-being of those whose jobs depend upon a safe and vibrant energy industry, many of whom live in Texas."

Believing only what you can see often leads to missed opportunities.