Tuesday, June 22, 2010

News Alert: Judge Blocks Obama's Moratorium on Deep-Water Oil Drilling, A.P. Reports

Breaking News Alert
The New York Times
Tue, June 22, 2010 -- 2:09 PM ET
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Judge Blocks Obama's Moratorium on Deep-Water Oil Drilling, A.P. Reports

A federal judge in New Orleans issued an injunction against a
six-month moratorium on new deep-water oil and gas drilling
projects that was imposed by the Obama administration after
an explosion on a drilling rig led to a vast oil spill in the
Gulf of Mexico, the Associated Press reported.

The White House said the administration would appeal the
ruling.

Ruling in favor of oilfield services companies whose business
suffered under the moratorium, District Judge Martin Feldman
said that the Interior Department failed to provide adequate
reasoning for the moratorium, and instead merely seemed to
assume that one rig failure meant all deep-water drilling
posed an imminent danger.

Read More:
http://www.nytimes.com/aponline/2010/06/22/us/AP-US-Gulf-Oil-Spill.html?emc=na

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