- In the event of a federal government shutdown, the energy industry would keep on drilling but approval of new plans would pause, WSJ’s Tom Fowler reports.
- New oil and gas permitting on public lands as well as the review of new offshore drilling plans would come to a halt, but most safety inspections and the review of ongoing offshore drilling would continue, according to contingency plans prepared by the Interior Department.
- ETFs: IEO, IEZ, IYE, PXE, PXI, XES, XLE, XOP, VDE, RYE, FXN, OIH, PXJ, PSCE, ERX, DIG, ERY, DUG, DDG.
Oil drilling would go on but new permitting would stop, if shutdown comes
Sep 30 2013, 16:59 ET