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    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

    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