No one is drilling, all I have heard is a bunch of whining and no progress. Just like the rats like it.
Drilling is at a two decade high.
But in the US, we keep many of the most promising areas off-limits.
US Rig Report for May 2, 2008 - Current & Historical data
http://investor.shareholder.com/common/download/download.cfm?companyid=BHI&fileid=192845&filekey=E9CBDF3B-5AA1-4D01-9ABD-409A2DFC3775&filename=US_Rig_Report_050208.xls