On Thursday, the Obama administration unveiled its latest five-year oil-leasing plan, and I have to say, it looks pretty awesome — you know, as long as you’re not into creating jobs or economic growth or any other such silly material interests.

U.S. oil companies will be allowed to drill in more areas of the Gulf of Mexico but won only limited access to the Arctic under the final version of the Obama Administration’s five year drilling plan that was slammed by industry and some environmentalists.

The 2012-2017 plan calls for three potential lease sales in areas offshore Alaska but the auctions would not be held until the final years of the plan because of environmental concerns about operating in the Arctic. …