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Obama to Extend Ban on Offshore Drilling Through End of Year

5 years ago
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President Obama extended a moratorium Thursday on new offshore drilling in the Gulf of Mexico and on the North Slope of Alaska for another six months. The president, making the announcement at a midday news conference, also odered a halt to already planned exploratory deep sea drilling operations and canceled additional lease sales in the Gulf until a presidential commission issues its safety findings.

After offering support for expanded drilling operations earlier this year as part of his overall energy strategy, Obama is ordering the moratorium in the aftermath of the April 20 oil rig explosion and subsequent blowout of a BP deep-sea well in the gulf. One oil company, Shell, was set to go forward with an exploratory project this summer in the Arctic Ocean.
President Obama
Sen. Mark Begich (D-Alaska), a drilling supporter, told the New York Times he was informed of the moratorium extension by the Interior Department and expected it would "cause more delays and higher costs for domestic oil and gas production." Extending the moratorium means canceling some leases that have already been approved.

Oil began spilling from the BP well within days of the explosion, sending tens of millions of barrels of oil surging into gulf waters and forming a slick that is fouling Louisiana beaches and marshlands.

In the gulf Thursday, BP's latest attempt to stop the spill -- this time by plugging the well with mud and cement -- appeared promising as it continued into a second day.
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So, the Brits have just destroyed Americas new off shore drilling for the rest of the year... That make alot of sense there President Obama! Un-Freaking believable! How many Americans will not get jobs and will lose their jobs because of this hair brain idea? Un-Freaking believable!

May 27 2010 at 3:53 PM Report abuse +1 rate up rate down Reply
1 reply to ddscorp1's comment

Your right! Screw the part about making sure it\'s safe to expand to new areas to drill. It\'s not like we just had the biggest oil spill in our history. Or, it\'s not like the right isn\'t crucifying him for believing it\'s his fault the spill happened in the first place. Un-Freaking believable!
You\'re damned if you do, and you\'re damned if you don\'t!

May 27 2010 at 4:05 PM Report abuse -1 rate up rate down Reply

I wonder how many American companies will have to eat their expenses on stopping their off shore drilling.

May 27 2010 at 3:07 PM Report abuse +1 rate up rate down Reply
1 reply to punnster's comment

I wonder how many American companies you think actually do the drilling? If anything, this is hurting foreign companies far greater than American ones.

May 27 2010 at 4:11 PM Report abuse rate up rate down Reply

Good approach. Mediocrity knows nothing above itself, hence the all too frequent gibberings of the uninformed and the poorly informed. It seems that the opportunity to vent and see themselves in print is overwhelmingly irresitible for some individuals, and sadly, they are ones who have nothing to say. Period.

May 27 2010 at 1:18 PM Report abuse rate up rate down Reply

From all of the people who have responded with negativity against oil companies and the government for not having the proper measures in place to respond and prevent this oil spill; Surely you won\'t be upset with this ban. This time will allow for them to hopefully put these measures into place and be more prepared.

May 27 2010 at 11:44 AM Report abuse rate up rate down Reply

Kinda plays into the Obama Green Agenda. Boy are \"we\" in trouble!!

May 27 2010 at 10:11 AM Report abuse rate up rate down Reply

I guess 16 months is not too long to get around to closing the barn door. There may be a horse or two left.

May 27 2010 at 9:14 AM Report abuse +1 rate up rate down Reply

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