U.S. Lifts Deep Water Drilling Ban

[B]U. S. Ends Deepwater Drilling Ban Sets New Rules-MARITIME LAWYER NEWS[/B]
The Obama administration lifted its ban on deep water drilling seven weeks ahead of schedule Tuesday, Oct 12, stating that the new rules cut the risk of a repeat of the BP oil spill, caused by the D[I]eepwater Horizon[/I] explosion on April, 20th. The U.S. Interior Department said oil companies must comply with new regulations and demonstrate they can adequately respond to blowouts. [B]Read Full Story[/B].