Chamber Slams Salazar Drilling Announcement

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Today the Administration not only continued its crippling moratorium on offshore exploration in the Gulf of Mexico, it also announced new regulations that will effectively keep it in place even when it expires. While the ongoing important investigations into the Gulf accident are necessary and may lead to new safety measures, requiring industry to navigate a tangled web of new regulations will only lead to increased uncertainty for businesses and consumers and less investment in America’s vast resources in the Gulf.