Obama to launch ocean initiative

The L.A. Times reports:

President Obama on Monday is set to create a national stewardship policy for America's oceans and Great Lakes, including a type of zoning that could dramatically rebalance the way government regulates offshore drilling, fishing and other marine activities.

The policy would not create new regulations or immediately alter drilling plans or fisheries management. But White House documents and senior administration officials suggest it would strengthen conservation and ecosystem protection.

Supply limitations mean higher prices. It's that simply.