U.S. Drilling Ban Ends, but Supplies Still Far Off PDF Print E-mail

The 27-year-old U.S. moratorium on offshore drilling expires on Tuesday, but consumers should not expect oil exploration in newly opened areas any time soon.

The Interior Department, which oversees the leasing of areas for oil and gas development, is not expected to begin selling leases in areas where drilling is currently restricted until 2010.

Source: Reuters

View Full Article

 

 

 
RocketTheme Joomla Templates
..