Saturday, May 29, 2010

Drilling Permits Continue to be given Despite Moratorium

Drilling Permits Continue to be given despite Moratorium

Despite a federal moratorium on offshore oil drilling, new permits and controversial environmental waivers for oil rigs continue to be granted, sparking criticism from policymakers and environmentalists.

On Thursday, President Barack Obama issued a six-month extension of the moratorium on permits and environmental waivers for the drilling of new deepwater wells. The original moratorium was ordered following the Apr. 20 explosion of the BP oil rig Deepwater Horizon in the Gulf of Mexico, which has become the worst oil spill disaster in U.S. history.

However, records show that since the original moratorium was issued, new permits and environmental waivers on existing drilling projects continue to be granted regularly. It is not clear whether the moratorium extension applies to new drilling on existing wells or merely new operations.

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