An amendment allowing companies to bypass the Obama administration’s deepwater drilling ban doesn’t go far enough for Republicans. Attached to the House oil spill response bill last week, the provision would green-light deepwater drilling for companies that meet certain safety requirements.
Washington Rep. Doc Hastings, ranking Republican on the More…
The Associated Press is reporting that the Obama administration would like to lift the moratorium on deepwater drilling in the Gulf of Mexico soon — well before the ban expires Nov. 30.
The Hill reports today that BP has established a $100 million fund to compensate rig workers who are out of a job because of the oil spill and the resulting Obama administration moratorium on deepwater drilling.
Gulf coast officials and others have argued that the moratorium has cost More…
Louisiana Lieutenant Gov. Scott Angelle railed against the Obama administration’s moratorium on offshore drilling at a rally today in Lafayette, La, calling the president’s policies “misdirected.”
“Enough is enough and it’s time to stop punishing Louisiana workers to meet some unrealistic political agenda,” Angelle, a Democrat, said, adding later, “America More…
Interior Secretary Ken Salazar issued today a second deepwater drilling moratorium, based on new evidence about drilling safety following a recent court decision that found the administration’s original ban to be “capricious and arbitrary.”
The moratorium comes as the massive BP oil spill has been gushing thousands of gallons of More…
The Associated Press is reporting that the Obama administration will release a new moratorium on offshore drilling later today.
The new moratorium comes as the administration’s first six-month drilling ban on new deepwater drilling — which was issued following the Gulf oil spill — has been challenged in the More…
Earlier today, environmental reporters were surprised to learn that, in a reversal, the Interior Department had extended its offshore drilling freeze to shallow waters in the Gulf of Mexico. According to The Washington Post, Michael J. Saucier of the Minerals Management Service, a branch of the Interior Department, More…
Instead of a national foreclosure moratorium – an idea that has the support of President-elect Barack Obama – homeowners in trouble should just accept foreclosures and move on, lending industry insiders say. Their comments come from Housing Wire, which cited an industry survey quoting lenders as saying a More…
As the government, housing advocates and banks like Citigroup and JPMorgan Chase struggle to streamline loan modifications and stave off foreclosures, one tactic keeps coming back to life as a sure-fire weapon: the 90-day mortgage moratorium.
In California, Gov. Arnold Schwarzenegger recently called for the reprieve as part More…
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