Finally some good news on offshore drilling. It's back on. After Obama issued a 6-month moratorium on all offshore drilling - not just in the Gulf - with the hopes that he could extend it to a permanent ban in favor of solar, wind, and other non-oil related energy sources, it has been reversed - twice.
A federal courst ruled to lift the ban, the government appealed to reinstate the ban, and the federal appeals court upheld lifting the ban. Obama says he's not done trying to keep the ban in place.
In the meantime, this is a victory for America, but oil and gas companies are slow to reopen their projects with the uncertainty that prevails knowing the government is still trying to shut them down permanently.
Drill baby drill.
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YEA!! It's about time things got started back up.
Phly,
Agreed. Let's crank it up. :)
Steve
Let's hope the rigs have not left the area because they will take FOREVER to get back in place and up and running!!!
Wallace,
I had the same thought. Soros wants them for Brazil. :)
Steve