The Washington Independent
The Washington Independent

Early End to Moratorium Won’t Stop Drilling Delays

Last updated: July 31, 2020 | August 25, 2010 | Adaline Fritz

While President Obama may choose to end the six-month moratorium on deepwater drilling a month early, it doesn’t look like we’ll see any new drilling until 2011, Bloomberg reports:

Obama is likely to lift the drilling ban in October, ahead of its scheduled Nov. 30 expiration, said Michael McKenna, president of MWR Strategies, an oil industry consulting firm in Washington. Heightened scrutiny of drilling’s risks may delay the resumption of operations by companies such as BP Plc and Apache Corp. until mid-2011, McKenna said. [...]

“Lifting the moratorium is almost unimportant,” McKenna said in an interview. “It’s how different the regulatory regime is going to be after. The end game here is to make it a very, very difficult and time-consuming regulatory process.

The oil industry has long argued that new industry oversight would delay future drilling, and the Bloomberg story is certain to get their attention.

Adaline Fritz | Adaline's upbeat, can-do attitude and nurturing disposition make her perfect for understanding each client's wants and needs and skillfully directing them toward their real estate objectives. Adaline has experience in all facets of the real estate process, having started in the administrative sector and progressed to operations before achieving success in real estate sales. She earned a Bachelor of Science degree in Psychology from San Diego State University and Western Oregon University, and returned to the Portland area in 2011 to pursue a career in real estate. She also loves traveling, working out, and spending time on the water during Portland's beautiful summers.

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