Thursday, May 27, 2010

Obama To Proclaim Moratorium On Offshore Drilling

President Barack Obama is expected to announce an extension
of the moratorium on deep water petroleum drilling offshore
at a noon-time press conference.

White House sources also say the President will announce a
delay on approval of proposed offshore drilling in Virginia,
Florida and Alaska pending an investigation by a commission
studying the long-term environmental effects of bolder,
deeper exploration and drilling in those areas.

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