• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 54 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 hours How Far Have We Really Gotten With Alternative Energy
  • 1 day The United States produced more crude oil than any nation, at any time.
  • 12 hours China deletes leaked stats showing plunging birth rate for 2023
  • 2 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 7 days Bad news for e-cars keeps coming
Russian Oil is Fueling Geopolitical Fragmentation

Russian Oil is Fueling Geopolitical Fragmentation

Russia's invasion of Ukraine has…

Falling Energy Prices Spark Hopes for Fed Rate Cuts

Falling Energy Prices Spark Hopes for Fed Rate Cuts

US inflation unexpectedly remained flat…

Oil Prices Climb as Sentiment Continues to Improve

Oil Prices Climb as Sentiment Continues to Improve

Oil prices have been climbing…

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




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News