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Wednesday, 13 October 2010 - US lifts Gulf of Mexico deepwater drilling ban
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    Read more with google mobile : US lifts Gulf of Mexico deepwater drilling ban

    Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap US lifts Gulf of Mexico deepwater drilling ban AFP - 1 hour 1 minute ago Send IM Story Print WASHINGTON (AFP) - – The United States on Tuesday lifted a ban on deepwater drilling in the Gulf of Mexico imposed after the BP oil spill, but set operators tough new safety conditions, officials said. "We have decided it is now appropriate to lift the suspension on deepwater drilling for those operators that are able to clear the higher bar that we have set" for safety, Interior Secretary Ken Salazar said. Shortly after the BP oil disaster began in April, President Barack Obama ordered a six-month freeze on deepwater offshore oil drilling in the Gulf of Mexico. The moratorium was due to expire at the end of next month. The new rules, which were laid out by the Interior Department two weeks ago, toughen up companies' obligations on drilling and workplace safety, well containment and spill response, he said. They were crafted in the wake of the blowout on a BP deepwater well that killed 11 rig workers and sparked the worst oil disaster in US history, the effects of which are still being felt in Gulf Coast states. Key among the tough new rules for deepwater drilling is an obligation for the CEO of any company wishing to drill in deep water to "certify that the rig has complied with all new and existing rules," said Salazar. Executives from the companies involved in the BP-leased well that blew out in April, killing 11 rig workers, have blamed each other for the accident which happened some 50 miles (80 kilometers) off the coast of Louisiana. Environmental group Greenpeace called the end of the ban on deepwater drilling "pure politics of the most cynical kind." "Scientists haven't even assessed the full ecological impact of the BP disaster and yet the government is in a rush to allow oil companies to get back to drilling. It is irresponsible to say the least, reckless at worst," said Greenpeace USA director Phil Radford. Peter Lehner, executive director of the Natural Resources Defense Council, said the moratorium was being lifted "prematurely." "To ensure a disaster like this never happens again, we must know what caused it in the first place. Were still waiting for that answer and until we get it, the moratorium should remain in place," he said. Louisiana Democratic Senator Mary Landrieu, who has called the moratorium an "uninformed" and "reckless" move that endangered the environment, national security and jobs, welcomed Tuesday's announcement as "a step in the right direction." "But it must be accompanied by an action plan to get the entire industry in the Gulf of Mexico back to work," including an acceleration of the permitting process, she added. And Republican Congressman Darrell Issa urged the government to "avoid a de facto moratorium-by-regulatory-delay ... that would be just as damaging to the Gulf economy as a blanket moratorium." A study in July by Louisiana State University finance professor Joseph Mason estimated that the moratorium would have cost more than 8,000 jobs in Gulf states of Florida, Alabama, Mississippi, Louisiana and Texas if it had run the full six months, and wiped out nearly 2.1 billion dollars in economic activity. But deepwater drilling was not expected to resume soon, said Michael Bromwich, Director of the Bureau Ocean Energy Management, Regulation and Enforcement (BOEM). Oil and gas companies need time to implement the new rules and submit applications for deepwater permits, "and it will obviously take us time to review those applications," said Bromwich. "You're certainly not going to see drilling resume tomorrow," said Bromwich, adding that few permits were likely to be approved before the end of the year -- an indication that his department will go over applications with a fine-tooth comb. The Interior Department's Minerals Management Service, which used to handle permit applications and collect revenues from oil companies, was broken up in the aftermath of the BP disaster, amid accusations that staff accepted gifts from the oil industry and falsified rig and well inspection reports. Salazar said those who complained the new rules for offshore drilling are too onerous "want us to ignore the new reality and go back to business as usual. That is not an option." And to those who said the authorities were ignoring the dangers of deepwater drilling and lifting the ban too soon, he said: "There will always be risks involved in deepwater drilling, but we have now reached a point where we have significantly, in my view, reduced those risks." Recommend Send IM Story Print News Search Top Stories Garters, makeovers as women await their miners in Chile Fed senses need for new stimulus 'before long': minutes US lifts Gulf of Mexico deepwater drilling ban Clooney to brief Obama on Sudan trip Tuesday Unemployment stabilises in industrialised countries: OECD More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Too much TV psychologically harms kids: study 'A billion people' go hungry in 2010: report British lottery winner gets record 129 mln euros US begins first human embryonic stem cell trial New Bronze Age civilisation discovered in Russian Caucasus More Most Viewed » US state executes first woman in nearly 100 years Too much TV psychologically harms kids: study Workers swarm Europe's streets in anti-cuts protests British lottery winner gets record 129 mln euros Global marine life census charts vast world beneath the seas More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! 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