A New Orleans federal judge lifted the six-month moratorium on deepwater drilling imposed by President Barack Obama following the largest oil spill in U.S. history.
“We need to make sure deepwater drilling is as safe as we thought it was the day before this incident,’’ Brian Collins, a lawyer for the government, told Feldman in a court hearing June 21. “It is crucial to take the time because to fail to do so would be to gamble with the long-term future of this region.’’
More than a dozen Louisiana offshore service and supply companies sued U.S. regulators to lift the ban. State officials claim 20,000 Louisiana jobs are in jeopardy if the deepwater drilling suspension lasts 18 months.