Obama Extends U.S. Offshore Deepwater Drilling Ban

07 Dec

Last week President Obama reversed a decision to expand oil exploration off the U.S. coastline.  Rather, the administration has extended a moratorium which would prohibit deepwater drilling in the Atlantic, Pacific and eastern parts of the Gulf of Mexico.

Interestingly, under President Obama’s plan, drilling could continue in western sections of the Gulf of Mexico, which was drastically impacted in the April 20th BP oil rig explosion.

In total, the Deepwater Horizon rig spill poured 4.9 million barrels of crude oil into the Gulf waters, devastating local tourism and fishing industries and damaging coastline across many Gulf States, the extent of which is still being determined by scientists in the region.  Read more…

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Posted by on December 7, 2010 in Traditional Energy


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