Seeking Alpha

The deepwater drilling ban has officially ended, but approvals to resume drilling are nowhere to...

The deepwater drilling ban has officially ended, but approvals to resume drilling are nowhere to be seen. Experts say oil firms won't get the green light until H2 2011 at the earliest, and will have to shell out millions in the meantime on rigs they're being forced to idle.
From other sites
Comments (4)
  • Tony Petroski
    , contributor
    Comments (6368) | Send Message
     
    Nigeria here we come.
    3 Jan 2011, 08:41 AM Reply Like
  • Neil459
    , contributor
    Comments (2644) | Send Message
     
    Offshore domestic drilling is dead, we are now formally dependent on the Middle East terrorists for oil. Great job Obama.
    3 Jan 2011, 08:51 AM Reply Like
  • kmi
    , contributor
    Comments (4526) | Send Message
     
    Let's not forget or ignore that Obama was bringing an expansion to offshore drilling to the table and that it was BP/Transocean/Halliburton that pissed in the pool.
    3 Jan 2011, 12:17 PM Reply Like
  • edible
    , contributor
    Comments (24) | Send Message
     
    It may not be obvious, but one has to wonder why they are holding back…it couldn’t be that they are trying to create an artificial shortage of petroleum products could it? Nah, the Obama administration wouldn’t do that, would they? No, they wouldn’t do that when the economy is doing so badly, and with many oil rig crews out of work on the Gulf…would they? Why? What is their long range plan? Just wondering…etd
    3 Jan 2011, 12:41 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs