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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Eric who wrote (22129)	7/26/2010 1:23:38 PM
From: Brumar89	1 Recommendation Respond to of 86356

You're saying the oil industry has inexpicably decided to stop drilling new shallow water wells on their own? "The fact of the matter is that there is a moratorium via onerous regulations in the SHALLOW water. That's obvious because they haven't granted any permits except one that I know of since April 20," said Chris John, president of the Louisiana Mid-Continent Oil & Gas Association. In the previous 11 months, an average seven per month were permitted, based on figures from the Interior Department's Bureau of Ocean Energy Management, Regulation and Enforcement. ...... There are now about 14 rigs working in federal waters less than 500 feet deep, John said. At the beginning of the year, there were around 50. Message 26705952