New Drilling Moratorium to Be Released Today
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 courts. A federal appeals court last week upheld a district court decision that found the administration did not adequately justify the drilling ban.
More to come…