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U.S. Drilling Decisions Ripple on 2 Coasts

By: Associated Press
By: Associated Press

New Orleans, LA (AP) - The Obama administration's decision this week
not to open up some of the Gulf Coast and Atlantic seaboard to new
drilling is worrying residents who wonder if the industry will ever
thrive again in U.S. waters.

Less than a year ago, struggling states and coastal towns saw
crude exploration as an economic savior. Yet some fear the backlash
from the BP oil spill will lead to an exodus of oil rigs in search
of friendlier waters overseas. With each passing day, folks that
rely on deepwater drilling say the damage is multiplying.

President Barack Obama's latest move to maintain a drilling ban
in both the eastern Gulf of Mexico and along the Atlantic seaboard
is a reversal of his promise to do just the opposite three weeks
before the disaster.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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