Obama Offshore Drilling Moratorium: Administration Issues New Rule

Posted by Trish Riley, July 12, 2010

WASHINGTON (AP) — The Obama administration is issuing a new moratorium on deep-water offshore drilling and it's no longer based on water depth.

Interior Secretary Ken Salazar made the announcement Monday, arguing that a pause is still needed to ensure that oil and gas companies implement safety measures to reduce risks – and are prepared to handle spills.

via Obama Offshore Drilling Moratorium: Administration Issues New Rule.

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