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Two Cents -
Your Two Cents!
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Paving the way for deepwater drilling to resume in the Gulf of Mexico, a federal judge denied a request to keep a moratorium in place pending a government appeal. U.S. District Judge Martin Feldman issued a preliminary injunction against the six-month ban Tuesday. The government had asked Feldman to delay lifting the ban until an appeals court reviewed the issue later this summer.
The moratorium, imposed by President Obama after an explosion on the Deepwater Horizon rig off the coast of Louisiana, prohibited drilling in more than 500 feet of water and prevented new permits from being issued. In an emergency hearing Thursday, the judge denied the government's motion to stay his decision pending appeal "for the same reasons given" Tuesday for issuing the injunction. In Tuesday's ruling, Feldman wrote, "An invalid agency decision to suspend drilling of wells in depths of over 500 feet simply cannot justify the immeasurable effect on the plaintiffs (oil drilling support companies), the local economy, the Gulf region, and the critical present-day aspect of the availability of domestic energy in this country." Question: Do you think there should be a temporary moratorium on deepwater drilling?
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