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Legal Commentary

: TalkLeft

Obama to Announce Moratorium on Drilling Permits

By Jeralyn

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President Obama will announce a moratorium on oil drilling today:

President Barack Obama planned to announce Thursday that a moratorium on new deepwater oil drilling permits will be continued for six months while a presidential commission investigates, a White House aide said.

Controversial lease sales off the coast of Alaska will be delayed pending the results of the commission's investigation, and lease sales planned in the Western Gulf and off the coast of Virginia will be canceled, the aide said, speaking on condition of anonymity ahead of a midday Obama news conference.

BP says it should know this afternoon if Top Kill is working. And if it falis?

If the top kill fails, BP says it has several backup plans, including sealing the well's blowout preventer with a smaller cap, which would contain the oil.


Full post as published by TalkLeft on May 27, 2010 (boomark / email).

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