Post Tagged with: "deepwater rigs"

July 8, 2010 20:33

Obama loses drilling moratorium appeal

The motion was denied because the government failed to show “a likelihood of irreparable injury if the stay is not granted,” the appeals panel judges wrote in a 2-1 ruling. The government also “made no showing that there is any likelihood that drilling activities will be resumed pending appeal.” Interior Secretary Ken Salazar has said he will soon issue a new order to block deepwater drilling regardless of how the court ruled and oil companies have not resumed drilling due to the legal uncertainties.