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Gulf of Mexico oil drilling moratorium to be lifted
by Joseph Ernest October 12, 2010
Newscast Media --The US government has confirmed that the deep-water drilling in the Gulf of Mexico is to be lifted. The six month ban was enforced after the BP oil spill that happened early last Spring, but calls had been growing for it to be ended due to its impact on the economy.
Oil firms will first have to meet a new set of safety rules before deep-water drilling can resume. Officials say it would take at least a couple of weeks before permits are approved that will allow companies to continue drilling.
Interior Secretary Ken Salazar said: "Operators who play by the rules and clear the higher bar can be allowed to resume [drilling].
"The oil and gas industry will be operating under tighter rules, stronger oversight, and in a regulatory environment that will remain dynamic as we continue to build on the reforms we have already implemented."
An estimated 4.9 million barrels of oil leaked into the Gulf as a result of BP's negligence, and by September 19, 2010, the company claimed that the oil had allegedly been completely sealed. Add Comments>>
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