Offshore Drilling Ban: Obama To End Moratorium - Bad News for the Planet - Good News For Big Business

WASHINGTON — The Obama administration on Tuesday lifted the six-month moratorium on deep water oil drilling in the Gulf of Mexico that was imposed after the BP oil spill.

The administration has been under heavy pressure from the industry and others in the region to lift the ban on grounds it has cost jobs and damaged the economy. A federal report said the moratorium likely caused a temporary loss of 8,000 to 12,000 jobs in the Gulf region.

While the temporary ban on exploratory oil and gas drilling is lifted immediately, drilling is unlikely to resume immediately.

Michael Bromwich, director of the agency that oversees offshore drilling, said it would take "at least a couple of weeks" after the ban is lifted before permits are approved.

Interior Secretary Ken Salazar said that new rules imposed after the BP spill – the worst environmental disaster in the country's history – have strengthened safety measures and reduced the risk of another catastrophic blowout.

While I am generally supportive of our Democratic Administration, I am very disappointed that they have buckled under AGAIN to pressure from Big Business AKA big oil in this case. We don't need more oil. We need more innovation around our energy economy. That will lead to new jobs for the future and less risk for our precious environment. Speak out if you agree.