Moratorium on New Deepwater Drilling Extended

PREVENTIVE MEASURE

Updated Apr. 25, 2017 10:01AM EDT / Published May 27, 2010 4:04AM EDT

It’s not quite time for business as usual yet. President Obama plans to extend the moratorium on new deepwater oil drilling permits for six months, buying some more time for a presidential committee to investigate the fallout of the Gulf oil spill. As a sign of Obama’s taking greater control of the situation, lease sales off the coast of Alaska, Virginia and in the Western Gulf will all be canceled. The measure is a result of a far-reaching safety review of offshore drilling conducted over the last month by Interior Secretary Ken Salazar.

Read it at Associated Press

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Moratorium on New Deepwater Drilling Extended