Obama clamps down on offshore drilling

Full Story at CNN.com

Washington (CNN) — President Obama is applying the brakes, at least temporarily, to expansion of offshore oil drilling.

Obama is delaying oil exploration off the coast of Alaska, canceling the sale of a lease to drill off Virginia and extending the moratorium on permits to drill any new deepwater wells for six months, a White House official said Thursday.

Obama’s announcements Thursday come in response to a deadly explosion on a Gulf of Mexico oil rig — an accident that has triggered a devastating oil spill.

This entry was posted in American, Cancels, Energy, Government, Oil, Presidental. Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>