Schwarzenegger Stops Offshore Oil Project After Massive Oil Spill

Sacramento Bee reports that Governor Arnold Schwarzenegger "withdrew his support Monday for a controversial new offshore oil drilling project off the Santa Barbara coast in the wake of a massive oil spill in the Gulf of Mexico." The Tranquillon Ridge project, which was one of Schwarzenegger's preferred way "to raise money for California's strapped budget," proved too great a risk. "[I] I have a choice between the $100 million and what I see in the Gulf of Mexico, I'd rather just figure out how to make up for that $100 million," chirped Arnold. [via Sacto Bee]