It only took 5 months after the drilling ban and a $1.46 per gallon increase to get Team Obama to approve a deepwater drilling permit.
WASHINGTON (AFP) – The US government has awarded its first permit for deepwater drilling in the Gulf of Mexico since a moratorium was lifted after the BP oil disaster last year, a senior official said Monday.
Michael Bromwich, head of the Interior Department's Bureau of Ocean Energy, said the permit was approved for US firm Noble Energy after a thorough vetting process and marked "a significant milestone" for Gulf operations.Higher gas prices are causing worry of a double-dip recession. If the economy tailspins back into recession, President Obama's reelection chances are dismal and none.
"Noble Energy's application has met the requirements of our new safety regulations and information requirements," Bromwich said in a conference call with reporters.