In an earlier post I talked about the possible impact of an offshore drilling moratorium on oil production and prices. The drilling moratorium continues to be a hot issue, with a federal judge issuing a temporary injunction against it, and Secretary Salazar vowing to to issue a more explicit justification for the ban.
A number of (…)
On May 27, the Obama administration issued a six-month moratorium on drilling in water depths greater than 500 feet in response to the Deepwater Horizon disaster. Oil industry officials decried the move, claiming that an extended moratorium would reduce U.S. oil production, make the nation more dependent on imported oil, and cause gasoline prices to (…)
