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Ban on Oil Drilling Exploration Lifted

The moratorium on deep water oil enacted in April in the wake of the Deepwater Horizon disaster has been lifted by the Administration. It is unlikely that oil drilling will commence for several weeks as oil companies attempt to comply with new safety regulations.

The new safety regulations in some instances impose personal liability on company executives for future accidents in cases where they have failed to follow safety regulations. New regulations call for independent certification of blowout preventers and emergency cut off equipment that are designed to attempt to prevent major oil spill disasters such as the Deepwater Horizon.

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