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  • Revised deep drilling moratorium is unveiled

    07/12/2010 2:12:40 PM PDT · by OldDeckHand · 38 replies
    MSNBC.com ^ | 07/12/2010 | Staff
    WASHINGTON — After two court rulings against its six-month moratorium on deepwater oil and gas drilling, the Obama administration on Monday announced a revised ban that it described as essential and appropriate. The Interior Department said the revised ban incorporates "new evidence regarding safety concerns" as well as new procedures to gather industry feedback. Moreover, the revision suspends drilling not based on water depth, it said, "but on the basis of the drilling configurations and technologies."