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Judge Blocks Obama's Offshore Drilling Ban; OPEC Chief Urges Restraint

28 Jun

In the wake of the catastrophic oil spill in the Gulf of Mexico, the Obama administration moved last week to ban all offshore drilling operations in the Gulf region for six months until further investigation into the cause of the BP gusher, which has been spilling oil into the ocean since April.

However, a judge in New Orleans struck down the ruling, calling it “rash and heavy-handed.”  The Obama administration appealed immediately, saying that continued drilling poses a danger to oil workers and to the environment that “the president does not believe we can afford.”

It is a contentious issue that has even brought in Abdalla Salem El Badri, the Secretary General of OPEC.  After meeting with European ministers in Brussels, Mr. El-Badri urged the United States to reconsider its ban on offshore drilling, warning that a six month hiatus would hold back oil supplies.  “We should not really ban it and we should not jump to conclusions,” he told reporters.

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Posted by on June 28, 2010 in Oil, Traditional Energy

 

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