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  • deepwater drilling

    Obama Administration Approving Only 35 Percent of Gulf Drilling Plans

    A new report from a New Orleans-based group reveals that the Obama administration is approving just 35 percent of the oil drilling plans for the Gulf of Mexico so far this year. It is also taking an average of 115 days — nearly four months — to secure approval from … More

    Year After Obama Lifted Drilling Ban, Pace of Permitting Is Worse

    The Obama administration is approving only 37 percent of the deepwater drilling plans submitted this year — a figure that falls below even last year’s low approval rate. It’s also taking federal bureaucrats an average of 115 days to approve the plans, nearly double the historical average. Greater New Orleans … More

    One Year After Oil Spill Was Stopped, Drilling Permits Down Sharply

    The Obama administration is approving deepwater drilling permits at a pace of just 1.7 per month — a dramatic drop that is jeopardizing thousands of jobs for struggling families in Louisiana and neighboring states. The latest figures from the Bureau of Ocean Energy Management, Regulation and Enforcement also reveal a … More

    Middle-Class Families Struggle to Overcome Regulatory Recession

    Government policies have made life difficult for middle-class families like Thomas and Melissa Clements. Their business in Broussard, LA, has suffered from the Obama administration’s offshore drilling moratorium and subsequent permitorium. Tomorrow morning Thomas is coming to Capitol Hill to talk about his struggles at a congressional hearing. Clements recently … More

    Huge Oil Discovery in Gulf of Mexico Underscores Importance of Exploration

      President Obama’s decision to allow some deepwater drilling to resume in the Gulf of Mexico is already yielding impressive results. ExxonMobil announced yesterday it had discovered what amounts to 700 million barrels of oil in the Gulf — the largest find in 12 years. The discovery comes about two … More

    Deepwater Drilling Permitting Rate Still Way Below Average

    As gas prices continue to climb — reaching as high as $5.75 to $6.03 a gallon in some places — the Department of the Interior remains stingy with deepwater drilling permits. Since February 2011, the administration has issued an average of just 1.3 deepwater permits per month — a 78 … More

    Seven Years of Bad Policy: Government Maintains Offshore Drilling Ban

    As the rest of the world continues to drill off its respective coasts, the United States is heading in the opposite direction. The Obama Administration announced that the eastern Gulf of Mexico and the Atlantic and Pacific coasts will not be part of the government’s 2012–2017 Outer Continental Shelf program, … More

    Drilling Permitorium Continues

    Although Congress lifted the ban on deepwater drilling in October and drillers are eager to return to work, the government still has not issued any permits. And the news is unlikely to improve much next year. CNNMoney reports: Even if a few permits come through, analysts say it will be … More

    Obama Institutes Offshore Drilling Moratorium … Again

    After the BP oil spill, the Obama Administration offered little excuse for instituting a moratorium on deepwater drilling regardless of the fact that it brought one of the Gulf Coast’s main industries to a sudden halt. Despite federal judge Martin Feldman’s ruling on the moratorium and despite a federal appeals … More