• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 1 min americavchina.com (otherwise known as OilPrice).
  • 2 days Everything you think you know about economics is WRONG!
  • 2 hours Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 1 day Wallstreet's "acid test" for Democrat Presidential candidate to receive their financial support . . . Support "Carried Interest"
  • 2 hours Forget The Hype, Aramco Shares May be Valued At Zero Next Year
  • 16 hours Natural Gas
  • 7 hours Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 2 hours POTUS Trump signs the HK Bill
  • 1 day 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 23 hours Winter Storms Hitting Continental US
  • 2 days Judiciary impeachment: Congressman says Sean Misko, Abigail Grace and unnamed 3rd (Ciaramella) need to testify.
  • 12 hours My interview on PDVSA Petrocaribe and corruption
  • 1 hour Iraq war and Possible Lies
Alt Text

Europe Looks To Become An Electric Vehicle Battery Hub

As electric vehicles continue to…

Alt Text

Bullish Sentiment Is Back In Oil Markets

Optimism has returned to oil…

Alt Text

China Is Winning The Offshore Oil Game

China’s international presence in the…

RFE/RL staff

RFE/RL staff

RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many…

More Info

Premium Content

Obama Lifts Deepwater Drilling Ban in The Gulf of Mexico

The Obama administration has lifted a six-month moratorium on deepwater oil drilling in the Gulf of Mexico that was imposed after the massive BP oil spill began in April.

The administration has been under heavy pressure from the industry and others in the region to lift the ban on grounds that it has cost jobs and damaged the economy.

A federal report said the moratorium likely caused a temporary loss of 8,000-12,000 jobs in the Gulf region.

While the temporary ban on exploratory drilling is lifted immediately, drilling is unlikely to resume immediately. Interior Secretary Ken Salazar said that new rules imposed after the BP spill have strengthened safety measures and reduced the risk of a catastrophic blowout.

The BP spill erupted after a deadly explosion at the "Deepwater Horizon," an offshore oil-drilling rig that was operating more than 10,000 meters below the sea surface in waters more than 1,000 meters deep, eventually spewing more than 4 million barrels of crude oil into the waters of the Gulf. BP declared the spill permanently sealed on September 19.

By. RFE/RL

Copyright (c) 2010. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036.




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play