• 5 minutes Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 minutes Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 15 minutes WTI @ 67.50, charts show $62.50 next
  • 11 hours The EU Loses The Principles On Which It Was Built
  • 3 hours Starvation, horror in Venezuela
  • 5 hours Saudi Fund Wants to Take Tesla Private?
  • 20 hours Crude Price going to $62.50
  • 7 hours Why hydrogen economics does not work
  • 4 hours Tesla Faces 3 Lawsuits Over “Funding Secured” Tweet
  • 4 hours Again Google: Brazil May Probe Google Over Its Cell Phone System
  • 2 days Anyone Worried About the Lira Dragging EVERYTHING Else Down?
  • 17 hours WSJ *still* refuses to acknowledge U.S. Shale Oil industry's horrible economics and debts
  • 1 day Chinese EV Startup Nio Files for $1.8 billion IPO
  • 2 days Oil prices---Tug of War: Sanctions vs. Trade War
  • 2 days Correlation does not equal causation, but they do tend to tango on occasion
  • 2 days Russia retaliate: Our Response to U.S. Sanctions Will Be Precise And Painful
Alt Text

Falling Rig Count Supports Oil Prices

Oil prices found some support…

Alt Text

Philippines Cracks Down On Fuel Pirates

Though fuel smuggling in Southeast…

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

Trending Discussions

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.




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News