Friday, April 30, 2010

New Offshore Drilling: Not Quite on Hold


The Wall Street Journal
April 30, 2010, 9:52 AM ET

By Stephen Power and Ian Talley

"More proof that the giant oil spill in the Gulf of Mexico is upending plans to expand offshore drilling: White House senior adviser David Axelrod said on ABC’s Good Morning America that there won’t be any drilling in new areas until “there is an adequate review of what happened here and what is being proposed elsewhere.”

Just last month, President Barack Obama announced plans to open new offshore areas for drilling oil and gas. The event was staged at Andrews Air Force Base and linked to energy security. “We’re here to talk about America’s energy security, an issue that’s been a priority for my administration since the day I took office,” he began.

Axelrod suggested any new drilling is on hold. “All he has said is that he’s not going to continue the moratorium on drilling but… no additional drilling has been authorized and none will until we find out what happened here and whether there was something unique and preventable here,” he said." More>>>>

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