Dec 9, 2010

New practice expected to delay offshore drilling



The Obama administration will require environmental studies before approving any deep-water wells - a new regulatory hurdle that virtually assures the government will not green-light any of those projects soon.
In outlining the plan Wednesday, the nation's top offshore drilling regulator said he hopes the environmental reviews will add "weeks, not months" to the deep-water permitting process critics say is already too slow.
[Read more]
Source: Chron

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