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Obama Administration Issues New Drilling Moratorium
By not in system - AOL NewsWASHINGTON (July 12) -- The Obama administration issued a new moratorium Monday on deep-water offshore drilling that no longer bans operators by the depth of water they're operating in and stresses new evidence of safety concerns, hoping the revised ban will pass muster with the courts after the initial one was rejected. The new ban does not appear to deviate much from the original moratorium, as it still targets deep-water drilling operators while defining them in a different way. "More than 80 days into the BP oil spill, a pause on deep-water drilling is essential and appropriate to ...
Judge Martin Feldman's Financial Portfolio, Annotated
By Dana Chivvis - Politics DailyThere's a conflict of interest in the air. U.S. District Judge Martin Feldman, who overturned the Obama administration's six-month offshore drilling moratorium on deep sea oil drilling yesterday, has investments in several companies related to the oil industry, according to Yahoo! News' John Cook. Feldman's portfolio includes investments in the following companies: 1. Transocean Ltd. The offshore drilling contractor which owned the Deepwater Horizon rig. 2. Ocean Energy. Provides services and equipment like gas flares and floating, production, storage and offloading (FPSO) ship ...
Obama's Offshore Drilling Moratorium Blocked By Federal Judge
By Carl Franzen - Politics DailyPresident Obama's six-month moratorium on deepwater offshore drilling was legally blocked today by New Orleans Federal District Court Judge Martin Feldman, various outlets report. The decision came earlier than expected, as Feldman promised a ruling by Wednesday. It comes less than a month into the moratorium's proposed duration. Operations at 33 wells in the gulf had been suspended since May as a result. The decision is a victory for plaintiffs Hornbeck Offshore Services, LLC and a host of other industry transportation and offshore companies that filed the legal complaint against the U.S. ...
Judge Blocks Obama's Ban on Offshore Drilling
By Lauren Frayer - AOL News(June 22) -- A federal judge in New Orleans today overturned President Barack Obama's six-month moratorium on any new deepwater drilling for oil in the Gulf of Mexico. The White House said the administration would appeal. The ban on new drilling was imposed after an April 20 explosion on Transocean Ltd.'s Deepwater Horizon rig -- which was run by BP -- set off the country's worst oil spill in history. Press Secretary Robert Gibbs said Obama believes strongly that drilling at such depths does not make sense and puts the safety of workers "at a danger that the president does not believe we ...
Offshore Drilling Moratorium Goes to Court: Diamond, Hornbeck Challenge Obama
By Carl Franzen - Politics DailyLess than a month in, President Barack Obama's six-month offshore drilling moratorium is being challenged in two court cases filed by large industry players. One decision is expected as early as Wednesday. Diamond Offshore Drilling, "America's largest offshore drilling contractor" (and the company that recently disproved reports it was behind a second gulf oil spill), requested a restraining order on the moratorium from a U.S. District Court on Friday, according to The Wall Street Journal. The company claims that the ban is invalid because it violates the Administrative Procedures Act -- a ...
Offshore Drilling Moratorium: Your 4 Biggest Questions Answered
By Joseph Schuman - Politics DailyTo the Obama administration -- which ordered a moratorium on deepwater oil drilling after the catastrophic gulf oil spill -- the immediate suspension of operations was "needed, appropriate and prudent" to protect American lives and the environment. To many within the industry, however, the moratorium is arbitrary government interference in the private sector that could wipe out thousands of jobs and millions of dollars of income, compounding the already terrible economic effects that resulted from the spill. In either case, it is clear the drilling moratorium will have a profound impact on ...
Report: Japan Offered Prostitutes to Sway Whaling Votes
By Dana Kennedy - AOL News(June 14) -- Japanese officials bribed six small nations with offers of cash and call girls in return for their votes in favor of slaughtering whales, according to a newspaper investigation. Japan denies the accusations, but The Sunday Times reported that two of its journalists filmed government officials from six countries admitting they were bribed by Japan to vote with the pro-whalers. News of the sting comes as Japan seeks to overturn a 24-year moratorium on commercial whaling at the meeting of the International Whaling Commission next week in Agadir, Morocco. "This is what Japan does, ...
Gulf Oil Spill: A 'Statistical Anomaly?'
By Carl Franzen - Politics DailyOn Tuesday morning, Rep. John Culberson (R-Tex.) penned an open letter to President Obama expressing his opposition to the recently implemented six-month moratorium on new offshore oil drilling permits in the Gulf of Mexico in response to the BP oil spill. Part of Culberson's argument has also been articulated by members of the press--namely at The Atlantic and The Wall Street Journal-- who all noted that a moratorium was likely to have an even more deleterious effect on the Gulf coast region's economy than the spill itself. The relatively fresh part of his argument, however, came in the ...
Iconic Lobsters in Crisis in Southern New England
By Dave Thier - AOL News(June 8) -- Tourists on Cape Cod and Martha's Vineyard this summer will be far from the oil blowout that has ruined the Gulf of Mexico's famed shrimp and oyster industries, but fisheries experts say southern New England's own delicacy -- lobster -- may be severely threatened for completely different reasons: overfishing and warmer water. The grim outlook comes in a report by a technical committee of the Atlantic States Marine Fisheries Commission, which recommends a five-year moratorium on lobster fishing designed to give the population a fighting chance. "Overwhelming environmental and ...
'Top Kill' Going OK, but Spill Surpasses Exxon Valdez
By Doug Simpson - AOL NewsBATON ROUGE, La. (May 27) -- BP reported today that its "top kill" attempt to block the flow of oil into the Gulf of Mexico is proceeding as planned, though it could take more than a day before engineers can say whether it succeeded. Scientists said the gulf crude spill is the nation's worst, far larger in volume than the Exxon Valdez accident. Doug Suttles, BP's chief operating officer, said the top kill procedure pushed some heavy drilling mud down into the well bore, as engineers try to overcome the upward pressure from oil and gas in the well. He said the company stopped pumping the mud ...
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